Protein Engineering Market: Increasing Demand for Consumables in Proteomics Research
[146 Pages Report] The global protein engineering market is projected to reach USD 3.9 billion by 2024
from USD 2.2 billion in 2019, at a CAGR of 12.4% during the forecast period.
The growth of Protein Antibody Engineering Market is majorly driven by factors such as the increasing
investments in synthetic biology and the growing focus on protein-based drug development by
pharmaceutical and biotechnology companies. However, factors such as the high cost of instruments
and laboratory documentation systems are expected to restrain the growth of Protein Engineering
Market during the forecast period.
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Instruments segment to account for the largest share of the market, by product & service, in 2019
Based on product & service, the market is segmented into instruments, consumables, and software &
services. Instruments formed the largest product segment in this market owing to technological
advancements and the high price of mass spectroscopy and crystallography instruments (as compared
Rational protein design is the largest technology segment in the protein engineering market
Based on technology, the protein engineering market is segmented into rational and irrational protein
design. The rational protein design segment accounted for the largest share of the market in 2019. The
large share of this segment can be attributed to the increasing use and continuous upgrades of
bioinformatics platforms and software for protein analysis.
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North America accounted for the largest share of the global protein antibody engineering market in
The global Protein Antibody Engineering Market is segmented into four major regions, namely, North
America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted fo