Fusion Protein Market
Fusion Protein Market Fusion Protein Market is expected to grow at a CAGR of 5.4% during the forecast period from 2022 to 2030
A fusion protein is a hybrid molecule created when two or more distinct genes are combined. An antibody-drug conjugate (ADC), which combines an antibody with a chemotherapeutic medication, is a typical type of fusion protein. Recombinant DNA technology, in which many genres are mixed through genetic engineering, can also be used to produce fusion proteins.
Due to the high expense of biologic medicines, fusion protein biosimilars have emerged as a novel method. The fusion protein biosimilars combine various functionalities of the immunoglobulins’ fragmented crystallizable domain with changed pharmacological characteristics of biological ligands. In several clinical investigations based on applications including HIV-AIDS, cancer, chronic inflammatory disorders, and many other chronic diseases, fusion protein biosimilars are used. Fusion protein biosimilars offer a wide range of uses, which has increased demand for them on the international market. Thus, the rise in prevalence of these chronic diseases portends a boom in market demand for biosimilars.
Market Trends
New product launches to flourish the market
Innovent Biologics, (Suzhou) Co., Ltd., a significant Chinese biopharmaceutical company, and Coherus BioSciences, Inc. entered a licencing agreement in January 2020 to commercialise Avastin (bevacizumab) biosimilar candidates in North American nations such the United States and Canada.
2018 September; SOTIO purchases Cytune Pharma. The business entered into this arrangement to be able to use Cytune’s SO-C101, a human fusion protein of IL-15, in conjunction with their autologous dendritic cell therapy platform DCVAC-based clinical programmes for lung, prostate, and ovarian cancer.
Increased use in the treatment of chronic diseases
In several clinical investigations of cancer, HIV AIDS, chronic inflammatory disorders, and many other chronic diseases, the fusion protein biosimilars are used. The prevalence of such chronic diseases is rising, and fusion protein biosimilars have a variety of uses that have boosted demand for them on the international market. Due to the rise in cancer cases among the expanding global population, cancer is anticipated to account for a larger share of the market for fusion protein biosimilars.
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Market Segmentations:
Global Fusion Protein Market: By Company
• Abnova
• NOVUS
• Origene
• Chimerigen
• Peprotech
• ProSpec
• Roche
• Absolute Antibody
• Amgen Science
Global Fusion Protein Market: By Type
• Immunoglobulin (Ig) Fusion Protein
• Parathyroid Hormone (PTH) Fusion Protein
• Cytokines Recombinant Fusion Protein
• Others
Global Fusion Protein Market: By Application
• Chimeric Protein Drugs
• Biological Technology
• Others
Global Fusion Protein 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 Fusion 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.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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