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 2027
Global Protein Engineering Market is expected to grow at a CAGR of approximately
6.2% During the Forecast Period of 2020 to 2027:
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. 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. This technology helps us to understand
the basics of how enzymes function and have evolved, and it is the key method of
improving enzyme properties for applications in pharmaceuticals, green chemistry, and
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.
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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.
Agilent Technologies (U.S.), AB-Sciex (U.S.), Bio-Rad Laboratories, Inc. (U