Meticulous Research®, a prominent global market research company, has recently released a report titled Protein Expression Market by System (Mammalian [CHO, HEK 293], Non-mammalian [Bacterial, Insect, Yeast]), Offering (Kits & Reagents, Vectors, Competent Cells, Services), Application (Industrial, Therapeutic, Research), and End User - Global Forecast to 2030." The report projects that the protein expression market will achieve a value of $5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% during the forecast period.
Market Dynamics: The protein expression market is being driven by various factors, including the expansion of the biopharmaceutical sector, heightened demand for recombinant proteins, increased focus on cell-based research, prevalence of chronic diseases, advancements in molecular and cellular technology facilitating bioproduction acceleration, and augmented government initiatives and funding for life science research. Additionally, the emergence of potential economies and point-of-care (POC) technology is expected to offer significant growth opportunities for the market.
Challenges: Despite the market's growth trajectory, challenges such as the high cost associated with protein-based research and the scarcity of skilled professionals are expected to impede market expansion. Furthermore, complexities in laboratory transformation parameters pose additional hurdles to market growth.
Market Segmentation: The protein expression market is segmented based on system type, product and services, application, and end-user. The report also conducts an analysis of industry competitors and evaluates the market at regional and country levels.
Geographic Analysis: Major geographies examined include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is projected to lead the market, followed by Europe and Asia-Pacific, with the U.S. taking the forefront in North America due to high R&D expenditure and the presence of key market players.
Key Players: Leading companies in the protein expression market include Thermo Fisher Scientific Inc., Promega Corporation, Merck KGaA, Bio-Rad Laboratories, Inc., Takara Holdings Inc., GenScript Biotech Corporation, Qiagen N.V., Agilent Technologies, Inc., Danaher Corporation, and BECTON, DICKINSON AND COMPANY.
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Key Questions Addressed:
• What are the high-growth market segments in terms of system, product and service, application, end-user, and region/country? • What is the historical market size for protein expression globally? • What are the market forecasts and estimates for the period 2023–2030? • What are the major drivers, restraints, and opportunities in the global protein expression market? • Who are the major players in the global protein expression market? • What does the competitive landscape look like, and who are the leaders in the global protein expression market? • What recent developments have occurred in the protein expression market? • What strategies have major players adopted in the protein expression market? • What are the geographical trends and high-growth regions/countries?
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