Custom recombinant protein production is one of the efficient techniques used in life sciences that play a major role in advanced healthcare. Recombinant proteins have a wide range of applications in biotechnology, research, and medicine. Increasing funding in the field of life sciences is expected to accelerate growth of the custom recombinant protein production services market. The importance of recombinant protein for therapeutic application is increasing immensely. Various biopharmaceutical companies are focusing on research and development of novel biosimilars for life threatening diseases. Proteins are manipulated using specified techniques to derive recombinant proteins, these recombinant proteins are encoded by genes for the production of large quantities of protein. Recombinant proteins are further used for the manufacturing of therapeutic commercial products. Technological advancement in the production of recombinant protein is predicted to boost growth of the market.
Market Dynamics
Increasing funding and investments in the field of life sciences are expected to drive the market growth during the forecast period. For instance, additional funding of US$ 3.0 million was received by Oxford Protein Production Facility-UK from the Laboratory of Molecular Biology for providing a wide range of highly specialized technologies that incorporates robotic systems for high throughput purification, expression, and crystallization of recombinant proteins.
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