The report" Global Protein Expression" Market by System Type (Prokaryotic Expression Systems, Insect Cell Expression Systems, Yeast Cell Expression Systems, Cell-free Expression Systems, Algal-based Expression Systems), Product and Service (Reagents, Expression Vectors, Competent Cells, Instruments, Services)Application (Therapeutic Applications, Industrial Applications, Research Applications), End-user (Pharmaceutical and Biotechnology Companies, Academic Research Institutes, Contract Research Organizations (CROs), Other End Users) and Regional (North America, Europe, APAC and Remaining World)- Global Forecast to 2030. "In 2020, the global protein expression market share was USD 2.2 billion. However, it is predicted to reach USD 6.47 billion by 2030, with a CAGR of 11.4 % throughout the forecasted period.
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KEY FACTORS AUGMENTING THE MARKET GROWTH
The ageing population, rising incidence of chronic illnesses and increased investment in protein-based research is likely to drive the market revenue growth over the forecast period.
By System Type, the "Cell-Free Protein Expression" segment holds the most significant market share.
Based on System type, because of its wider range of acceptability, the cell-free protein expression systems have the largest market share, and this protein expression is carried out without the usage of live cells. This technology offers a ton of benefits above the other protein expression techniques and drives the protein expression market technology, and it is commonly employed as a result of these advantages. The cell expression market is growing abruptly due to cell-free protein approaches, such as enhanced speed, ability to produce hazardous proteins, and convenience of amino acid type-specific labelling.
By Product and Service, the "Reagents" segment holds the most significant market share.
It is projected that the reagents segment will grow at a CAGR of 8.9% during the estimated time frame Acids and bases, acrylamides, buffers, cell lysis of carbohydrates, protease inhibitors, detergents, general reagents, and solvents are utilised in the protein expression process. These reagents have been used in research, pharmaceutical manufacture, and industry. As a result, recurrent procurement of reagents for numerous applications is expected to help boost the market growth.
By Application, the "Therapeutic Segment" segment holds the most significant market share.
The therapeutic segment is predicted to account for a major revenue share over the forecast duration owing to the adaption of protein in biologics production and growing preference for protein therapies to treat chronic diseases such as anaemia, haemophilia, cancer, multiple sclerosis, diabetes, and arthritis, among others.
By End-users, the "Pharmaceutical And Biotechnology Companies" segment holds the maximum share of the market.
Based on the end-use industry category, pharmaceutical & biotechnology companies accounted for a significant revenue share in the global market in 2020. The continuous rise in demand for biopharmaceuticals, rapid breakthroughs in protein-based research, & greater investment and support for drug design (newly discovered c protein marker) drive the segment's revenue growth significantly.
By Region, North America comprehensively led the market in terms of revenue.
Based on region, North America has considerable prospects for the market's major players. Moreover, the fastest-growing market is the Asia Pacific region which is predicted to grow at a decent CAGR of around 11.2 % throughout the projection period. Therefore, this area provides excellent protein market opportunities and is expected to develop fastest over the projected period.
SOME OF THE CRUCIAL EXISTING MARKET PLAYERS:
Below mentioned players are the ones who are the market leaders of the Global Protein Expression market - Agilent Technologies Inc., Merck KGaA, Takara Bio Inc, New England Biolabs, BECTON, DICKINSON AND COMPANY, BIO-RAD LABORATORIES, INC., GenScript Biotech Corporation, LifeSensors Inc., Promega Corporation, QIAGEN NV., THERMO FISHER SCIENTIFIC, INC., Oxford Expression Technologies Ltd., Synthetic Genomics Inc.
Recent Developments: -