Protein Engineering Market Overview:
Protein Engineering Market is projected to be worth USD 9.39 Billion by 2030, registering a CAGR of 12.7% during the forecast period (2022-2030), The market was valued at USD 3.20 Billion in 2021.
Protein engineering Market is the process of manipulating the genetic code of proteins to produce new or altered proteins with specific properties or functions. This is done by making specific changes to the DNA sequences that encode the proteins. Protein engineering techniques can be used to create new proteins with specific properties, such as increased stability, improved activity, or altered specificity.
Protein engineering is widely used in various applications such as drug discovery and development, biocatalysis, biosensors, and biomanufacturing. The development of new protein engineering technologies, such as directed evolution and rational design, has expanded the scope of protein engineering beyond traditional applications.
The increasing demand for protein therapeutics is one of the important drivers of the protein engineering market. Protein engineering enables the development of novel protein-based drugs with enhanced efficacy, safety, and specificity, providing a promising alternative to traditional small molecule drugs.
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Protein engineering Market Includes key players:
- Bio-Rad Laboratories, Inc.
- Thermo Fisher Scientific, Inc.
- Bruker Corporation
- Agilent Technologies, Inc.
- Waters Corporation
- Danaher Corporation
- Codexis, Inc.
- New England Biolabs, Inc.
- PerkinElmer
- Innovagen AB
- GE Healthcare
- CUSABIO TECHNOLOGY LLC
- Promega Corporation
- Merck KGaA
- GenScript Biotech Corporation
- Takara Bio, Inc.
- Enantis S.R.O.
- InvivoGen
- Pace Analytical
- Aspira Chemical
- Zymeworks, Inc.
- Abzena, Ltd.
- PhyNexus, Inc.
- ProteoGenix
- Creative Biolabs
The study is consolidated into major segments and further into sub-segments, such as:
By Product and Service
- Consumables
- Instruments
- Software Services
By Technology
- Irrational Protein Design
- Rational Protein Design
By Protein Type
- Interferons
- Vaccines
- Colony-stimulating Factors
- Monoclonal Antibodies
- Erythropoietin
- Growth Hormones
- Coagulation Factors
- Other
By End-Use
- Contract Research Organizations
- Biopharmaceutical Companies
- Academic Research Institutes
Protein engineering market Trends includes use of artificial intelligence (AI) and machine learning (ML) in protein design and optimization. AI and ML enable the prediction of protein structures and properties, facilitating the development of novel proteins with desired functions. Another trend is the growing application of protein engineering in gene therapy, where it is used to design and optimize viral vectors for targeted gene delivery.
Protein engineering Market is in great demand, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.
By Region
- North America– (U.S., Canada, Mexico)
- Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
- Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
- Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
- Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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