According to the current analysis of Reports and Data, the Protein Engineering Market was valued at USD 1.86 billion in 2019 and is expected to reach USD 4.77 billion by the year 2027, at a CAGR of 12.3%. The method of conception and development of artificial polypeptides is protein engineering, which is done by altering the numerous sequences of amino acids that are present in nature. Different synthetic protein structures and functions can now be designed completely using a computer and developed in the laboratory using different methods with the broad application of protein engineering.
With the advent of technology, it is expected that increasing demand will provide the industry with momentum. Computational protein design, for example, holds a possible promise to revolutionize protein engineering. As it can produce useful or beneficial proteins, protein engineering is significantly in demand. It is considered to be an emerging area of research that allows researchers to understand the folding and recognition of proteins used in the principles of protein design. The demand for protein engineering is triggered by numerous causes, such as the availability of immense knowledge on the structure of 3D proteins, advances in structural bioinformatics, innovative algorithms for protein design, and other factors that have made it possible to use computational approaches effectively for research and development in protein engineering. The strategic use of research-discovered approaches has allowed for improved stability and increased protein catalytic activity.
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Protein engineering has evolved to become a strong instrument that contributes to both synthetic biology and metabolic engineering innovations. Growing funding by the government and other healthcare institutions for synthetic biology will dramatically boost the industry in the future. In addition, significant ongoing research in the drug development phase that seeks remedies and cures for various diseases in nature is expected to generally fuel market growth. In the future, the increasing technical developments and innovative tools useful for protein engineering could push the market extensively. The advent of new diseases due to microorganisms could also add growth surge to the market. However, in the forecast period, factors such as high instrumentation costs and a lack of technical skills may hinder the protein engineering industry.
Due to factors such as increased research and development expenditure and the presence of highly advanced instruments and equipment for drug discovery, the North American region had the largest share in the industry regionally. Because of the rising government initiatives, support for protein-based drug development and increasing technological developments, the Asia Pacific region is expected to be the fastest-growing market.
Key participants in the market include:
- Thermo Fisher Scientific
- Danaher Corporation
- Agilent Technologies
- Bio-Rad Laboratories
- Bruker Corporation
- GE Healthcare
- Waters Corporation
- Sigma-Aldrich Corporation
- Genscripts USA, Inc.
- Perkinelmer Inc.
The COVID-19 Impact:
WHO is focused on the latest scientific findings and knowledge on COVID-19. New approaches to combat COVID-19 infection are being discovered by various researchers and scientists. In addition, because of the various types of research, the protein engineering market will also be significantly affected. Improving protein stability is an important objective for clinical and industrial applications with the advent of technology, but no generally accepted and widely used strategy for successful engineering is yet known. In addition, the protein engineering market is greatly affected by laboratory automation during the COVID-19 outbreak. Market players are focused on strategies based on research that will provide the market with traction. For example, two antibodies that may be successful in preventing and treating COVID-19 are identified by Vir Biotech IDs. The high demand for funds is, however, expected to hamper the market during the forecast period.
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For the purpose of this report, Reports and Data has segmented the Protein Engineering Market on the basis of product, type, technology, end-use, and region:
Product Outlook (Revenue in Million USD; 2017-2027)
- Instruments
- Consumables
- Software & Services
Type Outlook (Revenue in Million USD; 2017-2027)
- Monoclonal Antibodies
- Erythropoietin
- Interferons
- Vaccines
- Colony-stimulating Factors
- Growth Hormones
- Coagulation Factors
- Others
Technology Outlook (Revenue in USD Million; 2017–2027)
- Rational Protein Design
- Irrational Protein Design
End-Use Outlook (Revenue in USD Million; 2017–2027)
- Biopharmaceutical Companies
- Contract Research Organizations
- Academic Research Institutes
Regional Outlook (Revenue in USD Million; 2017-2027)
- North America
- US.
- Canada
- Europe
- UK
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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Table of Content:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Protein Engineering Segmentation & Impact Analysis
Chapter 5. Protein Engineering Market By Method Insights & Trends
Chapter 6. Protein Engineering Market By Type Insights & Trends
Chapter 7. Protein Engineering Market By Distribution Channel Insights & Trends
Chapter 8. Protein Engineering Market By Application Insights & Trends
Chapter 9. Protein Engineering Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
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