Industry Background:
The factors driving the business growth of protein engineering market include growing consumption of protein-based drugs owing to protein deficiency as well as increasing government initiatives and funding for protein engineering will propel the business growth over the forecasted period. Protein engineering is a process of stabilizing and developing protein intake or any enzyme with particular applications. This process relates to the adoption of protein producing enzymes for the production of high value and required proteins. Variety of protein engineering methods are available in the market including directed and random mutagenesis, homology modelling. Molecular dynamics and many others.According to AMA, the market for Protein Engineering is expected to register a CAGR of 14.29% during the forecast period to 2026. This growth is primarily driven by Increasing Government Initiatives in Minimizing Protein Deficiency and Growing Prevalence of Protein Deficiency Diseases.
Globally, a noticeable market trend is evident Rising Adoption of Monoclonal Antibodies across the Globe
. The Biotechnology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Agilent Technologies Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Lonza Group AG (Switzerland), Bruker Corporation (United States), Danaher Corporation (United States), General Electric Company (United States), PerkinElmer, Inc. (United States), GenScript Biotech Corporation (United States), Sigma-Aldrich Corporation (United States) and Thermo Fisher Scientific (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On April 3rd, 2019, Bruker Corporation has acquired the semiconductor mask repair and cleaning business of a leading provider of nano-machining and laser photomask repair equipment, ‘RAVE LLC’. The acquired business, which will continue to be operated in Delray Beach, Florida, has built a strong reputation around its comprehensive portfolio of nanoprobe and laser-based photomask repair products, as well as CO2 cryo-cleaning technology for photomask and wafer applications.
On April 02nd, 2019, a leader in life sciences, diagnostics and applied chemical markets, ‘Agilent Technologies Inc.’ has shipped a new instrument that offers laboratories with more affordable, low-throughput options for analyzing the quality of RNA and DNA samples. This system makes quality control in next-generation sequencing easier, faster, and more economical. Moreover, on April 03rd, 2019, Lonza has launched its new SYNETH range of polyglycerol esters, extremely versatile non-ionic emulsifiers and surfactants which help formulators strike the perfect balance between functionality, aesthetics and mildness.
Market Drivers
- Increasing Government Initiatives in Minimizing Protein Deficiency
- Growing Prevalence of Protein Deficiency Diseases
Market Trend
- Rising Adoption of Monoclonal Antibodies across the Globe
- Increasing Applications of Protein Engineering in Numerous Therapies for Autoimmune Diseases and Cancer
Restraints
- Comparatively Expensive Protein Engineering Treatments
- Growing Adoption of Protein-Based Drugs Leading to Increased Prevalence of Number of Diseases
Challenges
Higher Maintenance as well as Operational Expenses with respect to Costly Instruments and Tools and Lack of Skilled Workforce Available for Protein Engineering
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Protein Engineering Study Sheds Light on
The Protein Engineering Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Protein Engineering industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Protein Engineering industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.