Development of new protein treatments for severe diseases, increasing awareness of such treatments and rapid governmental approvals will enable the growth of global protein expression market.
High expenditure for protein synthesis, complex purification strategies and their influence on the yield and stability of the recombinant proteins are some of the problems associated with protein-based treatments which can cause hinderance to the growth of protein expression market.
The protein expression market size was estimated to be US$ 3.2 billion in 2021
The global protein expression market is estimated to expand at a CAGR of 10.5% between 2023 to 2032.
The rising approvals of protein therapeutics in numerous treatments, particularly in India and China, Asia Pacific is expected to be the fastest-growing market for protein expression products over the forecast period.
Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Merck Group, New England BioLabs, Inc., Oxford Expression Technologies Ltd., Promega Corporation, Qiagen N.V., Thermo Fisher Scientific, Inc., Takara Bio, Inc. (Takara Holdings Inc.), and LGC Biosearch Technologies are among the key companies in the Global Protein Expression Market.
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