February 26, 2019
WELLESLEY, Mass., Feb. 26, 2019 – A significant surge in demand for protein expression systems, rising incidence of chronic diseases, increasing expenditures on research and development and untapped markets in developing economies are contributors to growth of the global protein expression market.
Valued at $1.8 billion in 2017, the worldwide protein expression market was expected to reach nearly $3.1 billion in 2022 at a compound annual growth rate (CAGR) of 11.3% during the forecast period, according to the report “Protein Expression: Global Markets.”
Major players in the industry include: Thermo Fisher Scientific Inc. (TMO), Merck KGaA (MKKGY), Promega Corp., Agilent Technologies Inc. (A), GenScript, Takara Holdings Inc. (2531), Bio-Rad Laboratories Inc. (BIO), Qiagen N.V. (QGEN), Lonza Group AG (LZAGY), New England BioLabs Inc., and others.
“Various protein expression systems are available that have proven beneficial for therapeutic uses, such as treatment of patients with chronic and infectious diseases. For instance, protein expression is helping to identify treatment options for cancer,” said Sangeeta Rai, the report’s author. “It is critical to have access to a variety of tools to ensure successful expression of the required target protein.”
Market Restraint: Stringent Regulatory Actions
For protein expression, stringent controls are enforced. Expression frameworks must conform to the essential rules of the administrative bodies; otherwise, the products can be recalled or halted from moving forward. Accordingly, organizations associated with the improvement of different expression systems should be cautious regarding the rules.
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Protein Expression: Global Markets( BIO165A )
Publish Date: Feb 2019
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