Global Protein Expression Market Set to Reach USD 2873.21 Million by 2031, Growing at a CAGR of 10.1%
Straits Research Highlights Market Growth Potential and Key Insights
The global protein expression market, valued at USD 1,208.60 million in 2022, is projected to experience significant growth, reaching USD 2873.21 million by 2031. With a robust compound annual growth rate (CAGR) of 10.1% forecasted from 2023 to 2031, the market is poised for dynamic expansion fueled by innovative trends and emerging opportunities.
Market Definition Protein expression refers to the process by which proteins are synthesized, modified, and regulated in living organisms. It plays a critical role in various applications, including therapeutic development, industrial processes, and research. The increasing demand for protein-based products and advancements in biotechnological tools are driving the market’s rapid growth.
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Market Dynamics
Key Trends
Integration of artificial intelligence (AI) and machine learning (ML) to enhance protein design and expression efficiency.
Growing adoption of cell-free protein expression systems for faster and scalable protein production.
Market Drivers
Increasing prevalence of chronic diseases driving demand for therapeutic proteins.
Rising investment in biotechnology research and development globally.
Market Opportunities
Expansion of biologics production in emerging economies.
Development of novel protein therapeutics targeting rare diseases.
Market Segmentation
By Product:
Reagents
Expression Vectors
Competent Cells
Instruments
Services
By Applications:
Therapeutic
Industrial
Research
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Regional Insights North America dominated the protein expression market in 2022, driven by a well-established biopharmaceutical industry, advanced healthcare infrastructure, and significant R&D investments. Meanwhile, Europe is anticipated to be the fastest-growing region during the forecast period, owing to increasing biopharma collaborations and government initiatives supporting biotech advancements.
Key Players in the Protein Expression Market
Agilent Technologies Inc.
Becton
Dickinson & Company
Bio-Rad Laboratories
GenScript Biotech Corporation
LifeSensors Inc.
Merck KGaA
Promega Corporation
QIAGEN N.V.
Takara Holdings Inc.
Thermo Fisher Scientific Inc.
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