Protein Engineering Market Size To Hit USD 3.09 Billion By 2025Posted by Neha Bora on January 17th, 2020 San Francisco, 17 January 2020: The Report Protein Engineering Market Analysis By Technology (Rational Protein Design, Directed Evolution, Hybrid Approach), By Protein Type (Insulin, Monoclonal Antibodies), By Product, By End-use, And Segment Forecasts, 2018 – 2025 The global protein engineering market is expected to reach USD 3.09 billion by 2025, according to a new report by Grand View Research, Inc. The market is driven by presence of regulatory authorities consistently striving to reduce time and cost involved in the drug discovery process. One such example is the launch of critical path initiative by U.S. FDA, for incorporation of advanced technologies, such as protein engineering, in drug discovery processes. Moreover, this facilitates prediction of probable adverse reactions & toxicity and improves efficacy of target molecules early on, resulting in lowered drug attrition rates in the later stages. This is anticipated to help control overall expenditure. Rise in R&D expenditure by countries indicates the urgent need for adoption of these tools in all drug discovery and development processes. The rising number of government initiatives aimed at enhancing protein engineering capabilities is anticipated to present the market with high growth potential. This has resulted in a significant rise in number of research activities & programs and fund allotment for R&D. For instance, Protein Engineering Network of Centres of Excellence (PENCE) contributed approximately USD 1.0 million for proteomics projects and hosted conferences on proteomics in Canada as an effort to broaden research associated with this technology. Access Research Report of Protein Engineering Market @ www.grandviewresearch.com/industry-analysis/protein-engineering-market Further Key Findings From the Report Suggest:
Grand View Research has segmented the global protein engineering market on the basis of technology, product, protein type, end-use, and region: Technology Outlook (Revenue, USD Million, 2014 - 2025)
Product Outlook (Revenue, USD Million, 2014 - 2025)
Protein Type Outlook (Revenue, USD Million, 2014 - 2025)
End-use Outlook (Revenue, USD Million, 2014 - 2025)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
Like it? Share it!More by this author |