Dublin, June 12, 2024 (GLOBE NEWSWIRE) -- The "Global Protein Expression Market Report by Product, Application, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global protein expression market size reached US$ 2.8 Billion in 2023. Looking forward, the market is projected to reach US$ 6.2 Billion by 2032, exhibiting a growth rate (CAGR) of 9.23% during 2023-2032.
The increasing demand for therapeutic proteins, such as vaccines, peptide hormones, therapeutic enzymes, cytokines, antibodies, and blood factors, on account of rising prevalence of chronic diseases, especially amongst the geriatric population is creating a positive outlook for the market. In line with this, the widespread product utilization in the manufacturing of biologics as they play an important role in the treatment process of various health issues is favoring the market growth. Apart from this, various advancements and innovations in mass spectrometry and molecular genetics that assist in accurate mass determination and characterization of proteins, are providing an impetus to the market growth.
Additionally, the rising demand for cell-free protein expression due to its ability to express toxic proteins, increase speed and enhanced overall yields of functional, soluble, full-length proteins is positively impacting the market growth. Other factors, including extensive research and development (R&D) activities and increasing product demand from pharmaceutical and biotechnology companies, are anticipated to drive the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global protein expression market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, application and end user.
Breakup by Product:
- Reagents and Kits
- Cell-free Expression
- Bacterial Expression
- Yeast Expression
- Algal Expression
- Insect Expression
- Mammalian Expression
- Others
- Service
- Others
Breakup by Application:
- Therapeutic
- Industrial
- Research
Breakup by End User:
- Academic Research Institutes
- Biotechnology and Pharmaceutical Companies
- Contract Research Organizations (CROs)
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agilent Technologies Inc., Becton Dickinson and Company, Bioneer Corporation, Bio-Rad Laboratories Inc., Lonza Group AG, Merck KGaA, New England Biolabs, Promega Corporation, Qiagen N.V., Sino Biological Inc., Takara Bio Inc. and Thermo Fisher Scientific.
Key Questions Answered in This Report
- What was the size of the global protein expression market in 2023?
- What is the expected growth rate of the global protein expression market during 2024-2032?
- What are the key factors driving the global protein expression market?
- What has been the impact of COVID-19 on the global protein expression market?
- What is the breakup of the global protein expression market based on the product?
- What is the breakup of the global protein expression market based on the application?
- What is the breakup of the global protein expression market based on the end user?
- What are the key regions in the global protein expression market?
- Who are the key players/companies in the global protein expression market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $2.8 Billion |
| Forecasted Market Value (USD) by 2032 | $6.2 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
Companies Profiled:
- Agilent Technologies
- Becton Dickinson and Company
- Bioneer Corporation
- Bio-Rad Laboratories Inc.
- Lonza Group
- Merck
- New England Biolabs
- Promega Corporation
- Qiagen
- Sino Biological
- Takara Bio Inc.
- Thermo Fisher Scientific
For more information about this report visit https://www.researchandmarkets.com/r/dmp2md
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