The global recombinant proteins market size is estimated to flourish owing to the increasing research and development activities for developing advanced drugs to treat chronic diseases, observes Fortune Business Insights™ in an upcoming report, titled, “Recombinant Proteins Market Size, Share & Industry Analysis, By Type (Hormones, Growth Factors, Antibody, Enzyme, Others), By Application (Therapeutic, Research), By End User (Biopharmaceutical Companies, Academic & Research Institutes, Others) and Regional Forecast 2020-2027.” The demand for protein production systems is increasing rapidly amid the COVID-19 pandemic owing to its utilization in the testing process.
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The emergence of COVID-19 has brought the world to a standstill. The crisis has brought an unprecedented impact on Industries across the globe. While some industries are thriving in the current scenario, some are struggling to even run their operations. Stimulus packages from governments and support from several companies are being utilized to overcome the adversities.
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market.
Highlights of the Report:
This report incorporates an in-depth analysis of the overall growth prospects in the market. Furthermore, it provides insights into the comprehensive competitive landscape of the global market. A dashboard overview of leading companies, including their marketing strategies, market contribution, and recent developments is presented in both historic and present contexts.
Drivers & Restraints-
Rising Instances of Chronic Diseases Worldwide to Drive Growth
The increasing prevalence of chronic diseases across the world is expected to drive the growth of the global recombinant proteins market. For instance, as per a report published by the World Health Organization on chronic diseases and health promotion, chronic diseases are likely to account for 60% of the global burden of diseases. In addition, the rising demand for protein biologics is set to further strengthen growth. However, the challenges associated with the regulatory approvals are projected to limit growth.
The global recombinant proteins market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global recombinant proteins market in 2019, owing to the rise in R&D of the pharmaceutical & biotechnology industries. Additionally, growing consolidation between small and medium sized companies operating in recombinant proteins development is likely to surge the market growth in Asia Pacific. Moreover, increased sales of products in the use of R&D experiments is fostering the market growth in the Asia Pacific countries. Latin America and Middle East & Africa are projected to register a comparatively lower CAGR by the end of the forecast period.
Increasing R&D in Pharmaceutical and Biotechnology Spaces to Aid North America Dominate
North America is estimated to lead the global recombinant proteins market due to the increasing research and development activities in pharmaceutical and biotechnology spaces. For instance, according to a research by Select USA, Over 800,000 people work in the biopharmaceutical industry in the U.S., including a broad range of occupations such as scientific research, technical support, and manufacturing.
Investing in R&D to Help Key Players Develop Therapeutic Drugs
The global recombinant proteins market comprises various manufacturers and businesses focused on offering advanced solutions to gain a competitive edge. Prominent players are investing in R&D to identify new applications of recombinant proteins in order to develop therapeutic products for several diseases. This will help them expand their product portfolios.
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- In June 2020, Lonza launched GSv9, a new media, to support the production of recombinant proteins using the company’s GS Gene expression system.
- In March 2020, AMS Biotechnology launched recombinant proteins and antibodies for the detection of the COVID-19 virus. The company offers a wide range of products including assays, recombinant proteins, and cell lines, particularly for drug development.
A List of Key Manufacturers Operating In the Global Recombinant Proteins Market Report:
- Sigma Aldrich Company Ltd.
- Novoprotein Scientific
- Thermo Fisher Scientific
- Merck KGaA
- Abcam PLC
- GenScript Biotech Corporation
- ProSpec Tany TechnoGene, Ltd.
What are the key segments in the market?
Global Recombinant Proteins Market Segmentation :
- Growth Factors
By End User
- Biopharmaceutical Companies
- Academic & research Institutes
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and the Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and the Rest of Asia Pacific)
- Latin America (Brazil, Mexico, the Rest of Latin America)
- Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
With tables and figures helping analyse worldwide Global recombinant proteins Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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