The global protein engineering market is significantly growing at a CAGR of 16% during the forecast period. There are various key factors that are contributing into the growth of the global protein engineering market such as growth in funding for protein engineering, increasing adoption of protein-based drugs over non-protein-based drugs, and high prevalence rate of lifestyle diseases. The protein engineering market is also positively influenced by the rising demand for engineered proteins, and amino acids across the globe. Furthermore, the increasing prevalence of diseases such as diabetes, CVD, blood pressure, and others, boosts the demand for protein engineering across the globe. The increasing prevalence of protein deficient diseases, increasing demand for alternatives to chemical processes, increase in adoption of protein drugs over non-protein drugs, are some other factors contributing in the growth of the global market.
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The protein-energy malnutrition (PEM) is also growing in the rural areas owing to the prevalence of numerous diseases such as marasmus and kwashiorkor. The protein engineering holds immense opportunity in the agrochemical industry that leads to the generation of enzymes with improved function that may increase the crop yield or facilitate the biofuel production. Thus, the biofuel production plays a vital role in the global protein engineering market. There are some methods that are used for protein engineering, such as site directed mutagenesis, random mutagenesis, homology modeling, cell surface display technology, and DNA shuffling technology. The protein engineering has witnessing application as biocatalysts in food application to medical, environmental, and nano biotechnology. It is used for various industries such as detergent industry, biopolymer production, food industry, and so on.
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Global Protein Engineering Market Segmentation
By Technology
Rational Protein Design
Irrational Protein Design
By Protein Type
Monoclonal Antibodies
Insulin
Erythropoietin
Interferon
Colony Stimulating Factor
Coagulation Factor
Vaccines
Others (Growth Hormones)
By Product
Instruments
Services and Software
Reagents
By End-User
Academic Research Institutes
Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CROs)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
AB SCIEX, LLC
Abbott Laboratories
Agilent Technologies, Inc.
Biogen Inc.
Bio-Rad Laboratories, Inc.
Bruker Corp.
Danaher Corp.
Eli Lilly and Co.
F. Hoffmann La-Roche Ltd.
Fusion Antibodies PLC
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