Number of pages:
| Parameters | Details |
|---|---|
Base Year |
2021 |
Historical Data |
2016-2021 |
Forecast Data |
2022-2028 |
Base Year Value (2021) |
USD million |
Forecast Value (2028) |
USD million |
CAGR (2022 to 2028) |
% |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
The global protein engineering market is valued at USD 810 million in 2016 and it is expected to reach USD 3.3 billion by the end of 2026, growing at a Growth Rate of 15.2% between 2016 and 2026. Protein engineering is defined as the process for the development of new, valuable and useful proteins and production of unnatural polypeptides, through the modification of amino acid sequences that are found in nature. Synthetic protein structures and functions can now be designed entirely on a computer or produced through directed evolution in the laboratory.
Protein engineering holds the potential to transform the metabolic drug landscape through the development of smart, stimulus-responsive drug systems. Proteins possess a dynamic ability of less immunogenicity and high specificity hence can be used as therapeutics agents. Thus smart therapeutics with biochemical logic are being develop by utilizing protein engineering. Protein therapeutics are a rapidly expanding segment of food and drug. The increasing of government initiatives target to enhance protein engineering capabilities is anticipated to give high growth to the market. This has resulted in a significant rise in number of research activities & programs and fund allotment for R&D.
The North America region is the largest protein engineering market followed by Europe and it is expected that both these markets are estimated to register double-digit growth rates during the forecast period. Asia Pacific is anticipated to witness an exponential during the forecast period. Despite many investments in the protein manufacturing sector, there is shortage of skilled labor, need for qualified researchers and essential training, high costs and high-maintenance tools & instruments used in protein engineering acts as a barrier to protein engineering market in most of the developed and under-developed countries.
Protein Engineering Market Report: Product Type
Protein Engineering Market Report: Application
Protein Engineering Market: Company Analysis
Geographical analysis of Protein Engineering Market:
Protein Engineering Market Report delivers comprehensive analysis of :
Protein Engineering Market was valued at around USD million in 2021 & estimated to reach USD by 2028.
Protein Engineering Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.
Yes, the report includes COVID 19 impact on the market.
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