Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,508.99 million | USD 4,298.49 million | 13.98% | 2022 |
The global recombinant proteins market size had a value of USD 1,508.99 million in 2022 and is projected to reach USD 4,298.49 million by 2030, with a compound annual growth rate (CAGR) of 13.98%.
Recombinant proteins are utilized for the innovation of novel therapies used in the treatment of various chronic diseases like cancer and others. Such protein production needs a special technique called recombinant DNA technology. The ongoing developments and advancements in the pharmacological sector led to the constant innovations of proteins that are used as a vital therapeutic treatment in various human diseases.
The growing research & development activities and expenditure on biological drugs are some of the major factors expected to drive the growth of the global recombinant proteins market vigorously during the forecast period. Biopharmaceutical organizations are concentrating on innovating and launching novel biosimilars for various life-threatening diseases like diabetes, metabolic disorders, cancer, cardiovascular diseases, and several other rare conditions, like hemophilia. The rare disease medical sector accounts for the immense potential as there is very low competition. Also, the technological advancements in various fields associated with recombinant protein production further boost the growth of the global recombinant proteins market. The advanced chromatography protein purification methods like HPLC & FPLC offers highly purified clinical-grade recombinant proteins.
Moreover, the growing incidences of various chronic diseases all across the globe are further fuelling the growth of the market globally. Industries are increasingly collaborating with academic institutions in order to develop effective recombinant proteins that can help countries to reduce the growing burden of diseases all across the globe. Moreover, the growing initiatives from the government further support the growth of the global recombinant proteins market. The patent expiry of a large number of biological products is another key factor driving the growth of the market globally during the forecast period. The rising demand for personalized medicine along with protein therapeutics will create many lucrative growth opportunities in the global recombinant proteins market during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Recombinant Proteins Market |
Market Size in 2022 | USD 1,508.99 Million |
Market Forecast in 2030 | USD 4,298.49 Million |
Growth Rate | CAGR of 13.98% |
Number of Pages | 202 |
Key Companies Covered | Recombinant Protein, Abnova Corporation, GenScript Biotech Corporation, Reprocell, BPS Bioscience, PeproTech, Eurogentec, ProSpec Tany TechnoGene, Merck KGaA, Lonza, GE Healthcare, Sigma Aldrich Company, Thermo Fisher Scientific, Miltenyi Biotec, R&D Systems, and Abcam PLC. |
Segments Covered | By Product, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global recombinant proteins market can be segmented into end-user, application, product, and region.
By end-users, the market can be segmented into contract research organizations, academic research institutes, biotechnology companies, pharmaceutical & biopharmaceutical companies, and others. The biologic segment accounts for the largest share in the global recombinant proteins market due to the growing prevalence of target diseases along with the development of a strong pipeline for recombinant protein-based biologics.
By application, the market can be segmented into academic research studies, biotechnological research, biopharmaceutical production, drug discovery & development, and others.
By product, the market can be segmented into additional molecule receptors, recombinant metabolic enzymes, regulatory proteins, kinase proteins, membranes proteins, structural proteins, immune response proteins, growth factors & chemokines, and others. The growth factors & chemokines segment holds the largest share in the global recombinant proteins market owing to its use in different research areas like cancer, transplant, immunology, wound healing, neurobiology, cell cultures, and several others.
North America accounts for the largest share in the global recombinant proteins market due to the growing incidences of chronic diseases like cancer in the region. Also, the growing technological advancements in the field of recombinant proteins further boost the growth of the regional market. Also, the growing initiatives from the government to boost the research & development activities and innovate advanced therapeutic options for the treatment of chronic diseases will further propel the growth of the regional market during the forecast period.
Asia Pacific is expected to grow significantly during the forecast period owing to the fast proliferation of the healthcare sector in the region. Also, the growing investment to strengthen the healthcare infrastructures also propels the growth of the regional market. Moreover, the growing aging population along with the increasing disposable income of the people in the region will further contribute significantly towards the growth of the regional market during the forecast period.
Global Recombinant Proteins Market: Competitive Players
Some of the significant players in the global recombinant proteins market are
By Product
By Application
By End-User
By Region
What Reports Provides
FrequentlyAsked Questions
The growing research & development activities and expenditure on biological drugs are some of the major factors driving the growth of the global recombinant proteins market vigorously during the forecast period. Biopharmaceutical organizations are concentrating on innovating and launching novel biosimilars for various life-threatening diseases like diabetes, metabolic disorders, cancer, cardiovascular diseases, and several other rare conditions, like hemophilia.
Some of the significant players in the global recombinant proteins market are Recombinant Protein, Abnova Corporation, GenScript Biotech Corporation, Reprocell, BPS Bioscience, PeproTech, Eurogentec, ProSpec Tany TechnoGene, Merck KGaA, Lonza, GE Healthcare, Sigma Aldrich Company, Thermo Fisher Scientific, Miltenyi Biotec, R&D Systems, and Abcam PLC.
North America accounts for the largest share in the global recombinant proteins market due to the growing incidences of chronic diseases like cancer in the region. Also, the growing technological advancements in the field of recombinant proteins further boost the growth of the regional market.
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