Protein Engineering Market Size, Share, Trends, Growth 2032

Protein Engineering Industry Prospective:

The global protein engineering market size was worth around USD 2.16 billion in 2023 and is predicted to grow to around USD 5.27 billion by 2032 with a compound annual growth rate (CAGR) of roughly 10.40% between 2024 and 2032.

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The report covers a forecast and an analysis of the protein engineering market on a global and regional level. The study provides historical data for 2020, 2021, and 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the protein engineering market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the protein engineering market on a global level.

Protein Engineering Market: Growth Drivers

Protein engineering is the method for developing novel, valuable, and beneficial proteins. Many different protein engineering methods are available today, owing to the rapid development in biological sciences, particularly the recombinant DNA technology. Protein engineering can be performed with two major techniques—rational protein designing and directed evaluation. Proteins have high specificity and less immunogenicity. Proteins can be modified in various ways to be used as therapeutic agents. By using protein engineering technique, unnatural proteins can be utilized for valuable clinical research.

Developing pharmaceutical industries, biotechnological innovations, increasing focus toward targeting specific drug development, rising clinical and analytical techniques, and a substantial increase in research funding are primary factors likely to drive the global protein engineering market over the forecast time period. Furthermore, the increasing adoption of protein drugs over non-protein drugs, owing to their potential benefits with targeted effects, is anticipated to further boost this market’s growth over the estimated time period.

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Moreover, the rising prevalence of protein-deficient diseases and increasing demand for alternatives to chemical processes are also projected to propel the protein engineering market in the upcoming years.

In order to give the users of this report a comprehensive view of the protein engineering market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of the major participants involved in the market on a global and regional basis. Moreover, the study covers the price trend analysis and application portfolio of various companies according to regions.

Protein Engineering Market : Report Scope

Protein Engineering Market: Segmentation

The study provides a decisive view of the protein engineering market by segmenting it based on product type, technology, protein type, end-user, and region.

By product type, the market is segmented into instruments, reagents, and services and software.

Based on technology, the global protein engineering market is segmented into rational protein design and irrational protein design.

The protein type segment, of the global protein engineering market is segmented into monoclonal antibodies, insulin, erythropoietin, interferon, colony stimulating factor, growth hormones, a coagulation factor, vaccines, and others.

Academic research institutes, pharmaceutical, and biotechnology companies, and contract research organizations comprise the end-user segment of the global protein engineering market.

Protein Engineering Market: Regional Analysis

The regional segment of the protein engineering market includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., UK, Germany, France, Italy, Spain, China, Japan, India, Brazil, etc.

By region, North America held a dominant share of the global protein engineering market in 2018 and is anticipated to continue its regional domination over the forecast years as well. This regional growth can be attributed to the robust healthcare infrastructure, extensive commercialization of advanced engineering tools, high adoption of protein-based drugs, and huge investments in drug development. The Asia Pacific region is anticipated to grow significantly in the upcoming years, owing to the increased government support, the rising prevalence of protein deficiency diseases, and high unmet medical needs in the region.

Protein Engineering Market: Competitive Analysis

The global protein engineering market is dominated by players like:

• GE Healthcare
• AB-Sciex
• Agilent Technologies
• Sigma-Aldrich Corp
• Bio-Rad Laboratories, Inc
• Perkin Elmer
• Thermo Fisher Scientific
• Bruker Corp
• Waters Corp

This report segments the global protein engineering market into:

Global Protein Engineering Market: Product Type Analysis

• Instruments 
• Reagents 
• Services and Software 

Global Protein Engineering Market: Technology Analysis

• Rational Protein Design 
• Irrational Protein Design 

Global Protein Engineering Market: Protein Type Analysis

• Monoclonal Antibodies 
• Insulin 
• Erythropoietin 
• Interferon 
• Colony Stimulating Factor 
• Growth Hormones 
• Coagulation Factor 
• Vaccines 
• Others 

Global Protein Engineering Market: End-User Analysis

• Academic Research Institutes
• Pharmaceutical and Biotechnology Companies 
• Contract Research Organizations 

Global Protein Engineering Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa