Protein Expression Market is expected to grow at a rapid pace in the forecast pe
Posted by rohan on November 23rd, 2017
According to the report Protein Expression Market, published by Market Data Forecast, the Global market is projected to reach USD 2.5 billion by 2022, at a CAGR of 9.5% from 2017 to 2022
The process in which the information stored in a gene is decoded to synthesize a functional product is known as gene expression. If protein is the synthesized product in the process, it is called protein expression. Protein expression takes place in every known living organism with a nucleic acid. Protein expression is used in the development of several therapeutic drugs for cancer and other diseases.
Protein Expression Market: Drivers & Restraints
Rising prevalence of chronic diseases which increase the demand for drugs based on therapeutic proteins, growing demand for biopharmaceutical products and increasing investments into protein expression based on recombinant DNA are the major factors driving the market growth. Expansion in the studies on gene expression due to the technological advancements is also expected to drive the market growth.
However, higher prices of the instruments and lack of adequate skilled personnel is restraining the market growth.
Get accurate market forecast and analysis on the Protein Expression Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/global-protein-expression-market-792/request-sample
Protein Expression Market: Segmentation
By Expression System
By End User
o United States
o South Korea
o Rest of Latin America
o Middle East
Protein Expression Market: Overview
Based on Expression system, bacterial expression system attributes to the largest market share. Due to the advancements in genetic engineering and DNA modification techniques, bacterial expression system has become economical to the needs of manufacturers. Mammalian expression is expected to be the fastest growing market segment due to the growing demand for therapeutic proteins in cancer therapies. Instruments hold the largest market share in the products segment due to their high cost and necessity for research or manufacturing purposes.
Due to the increasing investments for research activities and growth in the pharmaceutical and biopharmaceutical companies, North America leads the protein expression market. Asia Pacific is expected to be the fastest growing market due to the increasing government expenditures on drug research in countries such as China and India.
Protein Expression Market: Key Players
Major players in the Protein Expression market are Thermo Fisher Scientific, Agilent Technologies, Bio-Rad Laboratories, Life Technologies Corporation, Merck Millipore, New England BioLabs, Takara Bio, and Promega Corporation.
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Joined: September 20th, 2017
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