How Will The Protein Expression Market Grow In 2022?
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The protein expression market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!
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The Protein Expression Market Size In 2022 And Forecast
The global protein expression market is expected to grow from $2.99 trillion in 2020 to $2.58 billion in 2021 to $2.87 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The protein expression market is expected to reach $4.39 billion in 2026 at a CAGR of 11.2%.
The protein expression market consists of sales of protein expression vectors, competent cells, reagents, equipment, and related services.
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Increase In Demand For Biologics To Counter Various Genetic Disorders And Chronic Diseases Is Driving The Growth Of The Protein Expression Market
For instance, according to an article published by Chemistry World, analysts stated that the biologics market hold a market share of more than a quarter of the entire pharmaceutical market in 2020. The global biologics market is expected to grow at 14.7% during 2021-2023.
Competitive Landscape And The Regional Analysis Of The Protein Expression Market
Agilent Technologies, Bio-Rad Laboratories, Thermo Fisher Scientific Inc, New England Biolabs, Promega Corporation, Qiagen, Takara Bio, Merck KGaA, Genscript Biotech Corporation, Life Technologies Corporation, Sigma-Aldrich Corporation, Lucigen Corporation, Synthetic Genomics Inc., Becton, Dickinson & Company, Lonza Group Ltd, Accelagen Inc., Geneva Biotech, Viva Biotech, Becton, Dickinson & Company, Sengenics, ARTES Biotechnology GmbH, Addgene Inc, Profacgen, ProteoGenix, Peak Proteins Ltd, Domainex Ltd, Jena Bioscience GmbH, EMD Millipore, and Oxford Expression Technologies Ltd.
The Protein Expression Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the protein expression market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the protein expression market.
Increase In Adoption Of Microfluidics Technology – A Key Trend In The Protein Expression Market
Companies in the industry are increasingly adopting Microfluidics technology to enhance protein expression tests in order to reduce the time, cost, labor, and increase in the accuracy and performance. The microfluidics technology effectively analyzes biological samples than the traditional (macroscale) instruments. Microfluidics technology is used to measure the expression of proteins on cells and optimizes the output to generate results regarding protein expression. Therapeutics-on-a-chip (TOC) uses microfluidic platform and is able to synthesize proteins in a point-of-care setting to reduce cost associated with storage and transportation of therapeutic proteins.
Protein Expression Market Segmentation By The Business Research Company
1) By Protein Expression: Yeast Expression, Mammalian Expression, Algae Expression, Insect Expression, Bacterial Expression, Cell-free Expression
2) By End Use: Pharmaceutical And Biotechnological Companies, Academic Research, Contract Research Organizations
3) By Product: Reagents, Competent Cells, Expression vectors, Services, Instruments
4) By Application: Therapeutic, Industrial, Research
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