Global protein expression technology market to witness a 2x increase in revenue during 2017-2027
There has been an increasing focus on emerging economies. There has been a shift from investment in R&D and technology, especially in life sciences and biotechnology sectors, from North America and Europe to Asia Pacific. Emerging economies such as India have ample skilled labour and qualified manpower at affordable costs thereby increasing the scope for attracting biotech projects in this region. Additionally, governments in these regions have started taking initiatives to support growth of the domestic biotechnology industry by offering tax exemptions for research and development, increased budgets and funding, creating public and private conglomerates and attracting foreign direct investments. Advancements in technology have increased the application of fortified expression systems to meet increasing demands for protein synthesis. The 2x increase in revenue of the global protein expression technology market is impacted by aspects such as enhancement in sales network and distribution channels and a rising demand in biologics and proteomics. Moreover, rising demand for therapeutic antibody research has also contributed to the global market’s growth.
Mammalian cells expression systems to be highly used in protein synthesis in the coming years
Mammalian expression system in the expression systems category is expected to hold the maximum share during the forecast period owing to its increased usage in the production of proteins. The mammalian expression system segment has dominated the global market since 2012 in terms of market valuation and is estimated to grow even further to reach a value of about US$ 1.7 Bn by the end of 2017. According to the forecast analysis provided in this research report, the mammalian expression system segment is anticipated to reach a value of more than US$ 1.5 Bn by the end of the period of assessment (2027) and is projected to expand at a stellar CAGR of 10.2% throughout the period of assessment, 2017-2027.
Prokaryotic expression system segment by expression systems is assessed to be the second largest segment from a value and growth perspective. This segment and the mammalian expression system segment had a tug of war in 2012 when the latter was a shade better with respect to market share. In 2012, the prokaryotic expression system segment reflected a value of about US$ 450 Mn. By the end of 2017, it witnessed a dramatic increase in revenue with a steady growth rate. Based on the historical and current data coupled with other macroeconomics, the research report on global protein expression technology market has made a forecast that the prokaryotic expression system segment is likely to reach a value more than US$ 1 Bn by the end of 2027. This segment is projected to grow at a 6.3% CAGR throughout the period of forecast.
Regional highlights on the adoption of various expression systems for protein production
The protein expression technology market in North America, Western Europe and Asia Pacific excluding Japan (APEJ) revealed that the use of mammalian expression system segment lead the market in terms of expression systems during the forecast period, of which the mammalian expression system segment in North America in the expression system category dominated the market with a higher market value as compared to APEJ and Western Europe. However, the prokaryotic expression system segment surpassed the mammalian expression system segment with respect to valuation in regions like Middle East and Africa, in Eastern Europe and Latin America. In Eastern Europe, the prokaryotic expression system segment is expected to reach a value of around US$ 75 Mn and in Latin America it is poised to reflect a valuation of more than US$ 80 Mn by the end of the assessment year. This value is higher than that portrayed by mammalian expression system segment in these regions. But the latter segment is projected to grow at a higher pace than the former across all key regions mentioned in the report.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1540