Global Protein Engineering Market 2023-2027

Global Protein Engineering Market 2023-2027

The protein engineering market is forecasted to grow by USD 2378.93 mn during 2022-2027, accelerating at a CAGR of 15.42% during the forecast period. The report on the protein engineering market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the demand for improved food and industrial products, the rising prevalence of chronic diseases, and the development of new biomanufacturing processes.

Technavio's protein engineering market is segmented as below:

By Product

• Instruments
• Reagents

By End-user

• Pharmaceutical and biotechnology companies
• Contract research organizations
• Academic research institutes

By Geographical Landscape

• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the adoption of generative AI in protein engineering as one of the prime reasons driving the protein engineering market growth during the next few years. Also, increasing demand for protein-based drugs and therapies and a growing focus on personalized medicine will lead to sizable demand in the market.

The report on the protein engineering market covers the following areas:

• Protein engineering market sizing
• Protein engineering market forecast
• Protein engineering market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading protein engineering market vendors that include Agilent Technologies Inc., Amgen Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Eli Lilly and Co., General Electric Co., GenScript Biotech Corp., Merck KGaA, New England Biolabs Inc., Novo Nordisk AS, PerkinElmer Inc., Promega Corp., Thermo Fisher Scientific Inc., and Waters Corp.. Also, the protein engineering market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.