Recombinant Protein Market size was valued at USD 1.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.00% from 2022 to 2030.
A modified or altered protein that is encoded by recombinant DNA is referred to as a recombinant protein. The target protein’s genes have been cloned into a plasmid, which makes up the recombinant DNA molecule. It is made either by the polymerase chain reaction (PCR) or molecular cloning. Kinase proteins, human insulin, structural proteins, adhesion molecules and receptors, immune response proteins, etc. are a few examples of common product variants. Recombinant proteins are largely used in the creation of cutting-edge treatments for chronic and uncommon disorders. Many biopharmaceutical businesses, university and research institutions, contract research organisations, etc. adopt it widely.
Market Trends:
The global recombinant protein market is largely being driven by the rising prevalence of many chronic diseases and the rising desire for novel treatment alternatives. Additionally, the growing investments in the field of protein engineering and the increased emphasis on the creation of protein-based drugs are accelerating market expansion. Additionally, many government organisations are sponsoring research and development projects for the application of cutting-edge proteomics and genomics techniques, which have a substantial impact on the world market for recombinant protein. Aside from that, the synthesis of high-quality autoantigens that are commonly employed in immunotherapy treatments has been facilitated by the development of recombinant protein expression technology. Additionally, the increasing need for recombinant proteins for precise biomarker detection in the field of drug discovery is also causing a shortage.
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Market Segmentations:
Market: By Company
• R&D Systems
• ProSpec
• Thermo Fisher Scientific
• GenScript
• FiberCell Systems
• Applied Biological Materials
• Peprotech
• Chimerigen
• Origene
• NOVUS
• Abnova
Market: By Type
• Molecular Cloning
• Polymerase Chain Reaction
Market: By Application
• Pharmaceuticals
• Biological Technology
• Others
Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Recombinant Protein market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
The report has helped our clients:
- To describe and forecast the Market size, on the basis of various segmentations and geography, in terms of value and volume
- To measure the changing needs of customers/industries
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Market
- To gain competitive intelligence and uncover new opportunities
- To analyse opportunities in the Market for stakeholders by identifying high-growth segments in Market
- To strategically profile key players and provide details of the current competitive landscape
- To analyse strategic approaches adopted by players in the Market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
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Key Questions Answered in This Report
- What was the size of the global recombinant protein market in 2022?
- What is the expected growth rate of the global recombinant protein market during 2023-2028?
- What are the key factors driving the global recombinant protein market?
- What has been the impact of COVID-19 on the global recombinant protein market?
- What is the breakup of the global recombinant protein market based on application?
- What is the breakup of the global recombinant protein market based on the end user?
- What are the key regions in the global recombinant protein market?
- Who are the key players/companies in the global recombinant protein market?
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