NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global protein engineering market size is estimated to
grow by USD 3.60 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 19.03% during the forecast period. Demand
for improved food and industrial products is driving market
growth, with a trend towards adoption of generative ai in
protein engineering. However, lack of knowledge of protein
structure poses a challenge. Key market players include
Agilent Technologies Inc., Amgen Inc., Bio Rad Laboratories Inc.,
Bruker Corp., Danaher Corp., Eli Lilly and Co., General Electric
Co., GenScript Biotech Corp., Merck KGaA, New England Biolabs Inc.,
Novo Nordisk AS, PerkinElmer Inc., Promega Corp., Thermo Fisher
Scientific Inc., and Waters Corp..
Get a detailed analysis on regions, market segments, customer
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Protein Engineering
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
19.03%
|
Market growth
2024-2028
|
USD 3602
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
15.51
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, UK, Germany, China,
and Japan
|
Key companies
profiled
|
Agilent Technologies
Inc., Amgen Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher
Corp., Eli Lilly and Co., General Electric Co., GenScript Biotech
Corp., Merck KGaA, New England Biolabs Inc., Novo Nordisk AS,
PerkinElmer Inc., Promega Corp., Thermo Fisher Scientific Inc., and
Waters Corp.
|
Market Driver
Generative AI is revolutionizing the protein engineering market
by expediting protein design and optimization using advanced
machine learning algorithms. This innovation enables the generation
of diverse protein sequences with specific functions and
properties, reducing time and resources needed for experimentation.
Generative AI also expands the sequence space for researchers,
uncovering novel protein configurations with unique
functionalities. Customization of proteins based on specific design
criteria is another transformative implication, enabling the
creation of tailored therapeutic proteins for individual patients.
The integration of computational simulation further reduces the
need for extensive laboratory experimentation.
The Protein Engineering market is experiencing significant
growth due to the increasing demand for advanced therapeutics and
industrial applications. New technologies, such as CRISPR-Cas9 and
other gene editing techniques, are driving innovation in this
field. Bioluminescents and biosensors are also trending, with
applications in diagnostics and research. Additionally, the
development of new protein structures and functions through design
and synthesis is a key focus area. Protins are used in various
industries like pharmaceuticals, agriculture, and food processing.
Companies are investing in R&D to improve the efficiency and
accuracy of protein engineering processes. The use of computational
tools and machine learning algorithms is also increasing to aid in
the design and optimization of proteins. Overall, the Protein
Engineering market is expected to continue growing due to its wide
range of applications and the ongoing advancements in
technology.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The protein engineering market encounters a major obstacle due
to limited knowledge of protein structures. Understanding a
protein's three-dimensional structure is essential for successful
protein engineering. Lack of accurate protein structure data
restricts the prediction of how sequences will fold and interact
with other molecules. This hinders the design of proteins with
desired functions, making it challenging to anticipate mutation or
modification effects. Complex or non-homologous proteins pose a
significant challenge due to the scarcity of related structure
data. These proteins may have unique functions or properties, but
the absence of structure-related information impedes progress in
harnessing their potential through protein engineering. This issue
is expected to slow down market growth during the forecast
period.
- The Protein Engineering market faces several challenges in the
development and application of new technologies. Factors such as
the complexity of protein structures and the difficulty in
producing large quantities of specific proteins are major hurdles.
Additionally, the high cost of research and development, as well as
the need for specialized equipment and expertise, add to the
challenges. Furthermore, the need to ensure the safety and efficacy
of engineered proteins for various applications, including
biopharmaceuticals and industrial processes, requires rigorous
testing and regulatory compliance. Despite these challenges, the
potential benefits of protein engineering, including the creation
of new therapeutics and improved industrial processes, make it a
promising field for innovation and growth.
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challenges - Request a sample report!
Segment Overview
This protein engineering market report extensively covers market
segmentation by
- Product
- 1.1 Instruments
- 1.2 Reagents
- End-user
- 2.1 Pharmaceutical and biotechnology companies
- 2.2 Contract research organizations
- 2.3 Academic research institutes
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Instruments- Protein engineering is a
significant business sector, focusing on modifying proteins to
enhance their functionality. Companies invest in this market to
develop improved enzymes, therapeutic proteins, and industrial
bioproducts. Through advanced techniques like site-directed
mutagenesis and protein expression systems, businesses create
customized proteins to address various industry needs. This market
continues to grow as the demand for innovative solutions in
healthcare, agriculture, and manufacturing increases.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Protein Engineering Market encompasses innovative solutions
in the realm of biotechnology, focusing on the development of
bioluminescent testing kits and AI-designed proteins. This sector
plays a pivotal role in the advancement of targeted therapies for
chronic diseases, including cancer and autoimmune disorders.
Monoclonal antibodies, a protein type, are a significant component
of protein-based therapies, which contribute to improved patient
outcomes. Synthetic biology and non-protein drugs also hold
potential in this market. Precision medicine and the immune system
are integral areas of application for these advanced technologies.
Protein engineering is revolutionizing diagnostics through
bioluminescent diagnostic kits, enabling early detection and
effective treatment strategies.
Market Research Overview
The Protein Engineering Market encompasses the development and
application of various techniques to modify proteins for
therapeutic, diagnostic, and industrial purposes. This field
involves the use of advanced technologies such as site-directed
mutagenesis, phage display, and protein design to create modified
proteins with enhanced properties. Protein engineering is a rapidly
growing industry, driven by the increasing demand for novel
therapeutics and the development of new industrial applications.
The market is segmented based on the type of proteins engineered,
the applications, and the end-users. Proteins engineered for
therapeutic purposes include monoclonal antibodies, enzymes, and
growth factors, while those engineered for industrial applications
include industrial enzymes, biosensors, and biocatalysts. The
market is also driven by the growing demand for protein-based
therapeutics and the increasing use of protein engineering in
various industries such as pharmaceuticals, agriculture, and food
and beverage.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- End-user
-
- Pharmaceutical And Biotechnology Companies
- Contract Research Organizations
- Academic Research Institutes
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio