The Report of “Protein Engineering Market” Research Future Covers the Information like Market Growth, Prominent Players and Protein Engineering market Segmental Analysis of the market based on type, service, and end user.
The Global Protein Engineering Market is expected to exhibit a CAGR of 6.2% over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
Protein engineering involves designing and constructing new proteins by modifying amino acid sequences to produce enzymes and desired properties and the synthesis of proteins with a particular structure. This technology helps us to understand the basics of how enzymes function and have evolved, and it is the key method of improving enzyme properties for applications in pharmaceuticals, green chemistry, and biofuels.
Request Free Sample Copy of “Protein Engineering Market “at https://www.marketresearchfuture.com/sample_request/691
The major objective of protein engineering is to produce biological compounds which include a synthetic peptide, storage protein, and synthetic drugs which will be superior to a normal one and create an enzyme which is superior in its properties to produce high-value chemicals in large quantities.
Furthermore, the emergence of trends in protein identification and tracking and the increasing use of protein studies in research activities drive the growth of this market. However, there are various factors that may hinder the growth of the market such as expensive instruments used in protein engineering that require huge maintenance and lack of trained personnel.
The global protein engineering market is segmented to the basis of type, method, application, and end-users.
On the basis of type, the market is segmented into instrument, reagents, and services and software.
On the basis of method, the market is segmented into rational protein design and directed evolution.
On the basis of application, the market is segmented into food and detergent industries, environment applications, medical applications, biopolymer production, and nanobiotechnology.
On the basis of end-user, the market is segmented into academic research institutes, pharmaceuticals and biotechnology companies, and contract engineering organizations.
Leading players in the global protein engineering market include Agilent Technologies, Bio-Rad Laboratories Inc., GE Healthcare, Sigma-Aldrich Corp., Waters Corp., Thermo Fisher Scientific, Perkin Elmer, Bruker Corp., and AB-Sciex.
In April 2019, Huatai Securities made an investment of close to USD 15 million in Chinese genetic and protein engineering startup Abiochem Biotechnology Co. Ltd.
The global protein engineering market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas, led by North America, is the largest regional market for protein engineering and is likely to retain a dominant share over the forecast period thanks to the growing demand for advanced medical research in the region, leading to a strong rise in the demand for advanced protein engineering. The North America market is likely to hold the major share in the global protein engineering market over the forecast period due to the strong presence of the U.S. in the global healthcare sector and biomedical research. The growing demand for advanced biomedical applications in the U.S. is also likely to be a major driver for the global protein engineering market over the forecast period.
Europe is the second largest regional market for protein engineering and is likely to retain a dominant share over the forecast period due to the growing presence of biomedical research facilities in developed countries such as France, Germany, and the UK. The strong role played by governmental universal healthcare agencies such as the NHS is likely to lead to strong growth prospects for the protein engineering market in the region over the forecast period.
Asia Pacific is likely to exhibit the highest growth rate in the global protein engineering market over the forecast period due to the growing prevalence of target conditions that can be treated with advances in protein engineering. The increasingly advanced healthcare sector in Asia Pacific is also a major driver for the protein engineering market in the region.
Access Full Report with TOC, List of Tables, List of Figures and Niche Segments at https://www.marketresearchfuture.com/reports/protein-engineering-market-691
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312