What is protein engineering?

Protein engineering involves modifying the structure of proteins to create new proteins with desired properties or enhance existing functionalities. This is often done to improve drug effectiveness, increase stability, or tailor enzymes for industrial processes.

How big is the Protein Engineering Market?

The global Protein Engineering Market size was estimated at USD 2,691 Million in 2023 and is expected to reach USD 9,329 Million in 2032.

What is the Protein Engineering Market growth?

The global Protein Engineering Market is expected to grow at a compound annual growth rate of 13.60%. From 2024 To 2032

Who are the key companies/players in the Protein Engineering Market?

Some of the key players in the Protein Engineering Markets are Bruker Corporation, Agilent Technologies, Inc., Amgen Inc., Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Genscript Biotech Corporation, Waters Corporation, Thermo Fisher Scientific Inc., and Other Key Players.

What drives the Protein Engineering Market?

The primary driver is the growing demand for more effective therapeutics and diagnostics in healthcare. Advances in biotechnology and an increased understanding of genetic engineering also fuel this market.

What are the key challenges in the Protein Engineering Market?

High costs and technical complexities in protein design and synthesis pose significant challenges. Additionally, regulatory hurdles and ethical considerations related to genetic manipulation can impede market growth.

What opportunities exist in the Protein Engineering Market?

Opportunities include the development of novel biomaterials and bio-based chemicals through engineered proteins. The expanding field of personalized medicine and the ongoing need for new vaccines and treatments also present significant opportunities.

How is AI impacting the Protein Engineering Market?

Artificial intelligence is increasingly used to predict protein structures and functions, which accelerates the protein engineering process and enhances the accuracy of protein design, significantly impacting the market's efficiency and output.

Global Protein Engineering Market- By Product & Service (Instruments, Consumables, and Software & Services), By Technology (Irrational Design and Rational Design), By Protein Type (Monoclonal Antibodies, Growth Hormones, Vaccines, Interferons, and Other Protein Types), By End-User (Academic Research Institutes, Pharmaceutical & Biotechnology Companies, and Contract Research Organizations), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: July 2024
Report ID: 101541
Number of Pages: 264
Format:

- Bruker Corporation
- Agilent Technologies, Inc.
- Amgen Inc.
- Bio-Rad Laboratories, Inc. Company Profile
- PerkinElmer, Inc.
- Genscript Biotech Corporation
- Waters Corporation
- Thermo Fisher Scientific Company Profile
- Other Key Players.

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Report ID 101541
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