Protein Engineering Market Research Report, by Type (Instruments and Reagent), by Applications (Environment and Medical), by Methods (Rational Protein Design, Directed Evolution), by End-Users (Pharmaceutical and Bio-Technology) - Global Forecast To 2024
Market Scenario
Protein engineering involves designing and constructing new proteins by modifying amino acid sequences to produce enzymes and desired properties and the synthesis of proteins with a particular structure.
Proteins, the building blocks of the body, are large biomolecules made up of amino acids. They perform various functions such as DNA replication, catalyzing metabolic reactions, transporting molecules from one location to another, and responding to stimuli. Furthermore, proteins also have a wide range of applications in the diagnosis of disease and treatment development.
Intended Audience
- Healthcare companies
- Contract Research Organizations (CROs)
- Research and Development (R&D) companies
- Academic medical institutes and universities
Source: Press Release, Company presentation, annual reports
The major objective of protein engineering is to produce biological compounds which include a synthetic peptide, storage protein, and synthetic drugs which will be superior to a normal one and create an enzyme which is superior in its properties to produce high-value chemicals in large quantities.
The global protein engineering market is driven by the increasing demand for new technologies having their application in healthcare and by the growth in research and development activities for improving health outcomes using novel technologies. Furthermore, the emergence of trends in protein identification and tracking and the increasing use of protein studies in research activities drive the growth of this market. However, there are various factors that may hinder the growth of the market such as expensive instruments used in protein engineering that require huge maintenance and lack of trained personnel.
Global market for protein engineering is expected to grow at a CAGR of approximately 6.2% during the forecast period 2017–2023.
Segmentation:
The global protein engineering market is segmented to the basis of type, method, application, and end-users.
On the basis of type, the market is segmented into instrument, reagents, and services and software.
On the basis of method, the market is segmented into rational protein design and directed evolution.
On the basis of application, the market is segmented into food and detergent industries, environment applications, medical applications, biopolymer production, and nanobiotechnology.
On the basis of end-user, the market is segmented into academic research institutes, pharmaceuticals and biotechnology companies, and contract engineering organizations.
Key Players
Agilent Technologies (U.S.), AB-Sciex (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corp. (U.S.), GE Healthcare (U.K.), Perkin Elmer (U.S.), Sigma-Aldrich Corp. (U.S.), Thermo Fisher Scientific (U.S.), and Waters Corp. (U.S).
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