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Recombinant Protein Market Size 2023 & Forecast to 2028

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imarcsuraj
Recombinant Protein Market Size 2023 & Forecast to 2028

IMARC Group, a leading market research company, has recently releases report titled “Recombinant Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Recombinant Protein market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big Is The Recombinant Protein Market?

The global recombinant protein market size reached US$ 170.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 279.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.4% during 2023-2028.

What are Recombinant Protein?

A recombinant protein represents a modified or altered protein that is encoded by recombinant DNA. The recombinant DNA molecule comprises a plasmid in which the genes for a target protein are cloned. It is produced either by molecular cloning or polymerase chain reaction (PCR). Some of the common product variants include kinase proteins, human insulin, structural proteins, adhesion molecules and receptors, immune response proteins, etc. Recombinant protein is mostly used in the development of novel therapies for chronic and rare diseases. It finds extensive applications in numerous biopharmaceutical companies, academic and research institutes, contract research organizations, etc.

What Are The Growth Prospects And Trends In The Recombinant Protein Industry?

The growing prevalence of several chronic diseases and the escalating demand for novel treatment options are among the key factors driving the recombinant protein market. Moreover, the increasing investments in the field of protein engineering and the inflating focus on the launch of protein-based drugs are also stimulating the market growth. Besides this, government bodies are funding research and development (R&D) activities to introduce advanced techniques in proteomics and genomics, which is acting as another significant growth-inducing factor. Furthermore, the introduction of high-quality autoantigens that are widely used in immunotherapy procedures, on account of the launch of recombinant protein expression technology, is further propelling the global market. Apart from this, the rising requirement for modified proteins for accurate measurement of biomarkers in the field of drug discovery is positively influencing the market growth. Additionally, the increasing penetration of the latest molecular biology approaches for biopharming to reduce proteolysis of recombinant proteins or prevent the partial or total loss of glycosylation is anticipated to fuel the recombinant protein market over the forecast period. 

Request For A Free Sample Copy Of This Reporthttps://www.imarcgroup.com/recombinant-protein-market/requestsample

What Is Included In Market Segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Antibodies
  • Hormones
  • Growth Factors
  • Cytokines
  • Others

Breakup by Application:

  • Drug Discovery and Development
  • Academic Research
  • Biotechnology Research
  • Biopharmaceutical Production
  • Others

Breakup by End User:

  • Pharmaceutical and Biopharmaceutical Companies
  • Biotechnology Companies
  • Academic and Research Institutes
  • Contract Research Organization
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including: 

  • Abcam plc
  • Amgen Inc.
  • Bio-RAD Laboratories Inc.
  • Bio-Techne Corporation
  • Bps Bioscience Inc.
  • Enzo Biochem Inc.
  • Genscript Biotech Corporation
  • Merck KGaA, Novo Nordisk A/S
  • ProSpec-Tany TechnoGene Ltd
  • Sanofi S.A.
  • and Thermo Fisher Scientific.

Ask Analyst For Customization And Browse Full Report With TOC & List Of Figure: https://www.imarcgroup.com/recombinant-protein-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

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USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: [email protected]

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