Top Key Players Operating In the Protein Expression Market and Growth Strategies
by Vijay K. Web Marketing
recent research report published by P&S Intelligence on the protein
expression market predicts that the market will have a healthy growth
for the next few years.
to the report, the size of the protein expression market is projected to reach
$3.0 billion by 2023. Increasing prevalence of chronic diseases, aging
population, increase in growth in life science sector, availability of funding
for protein-based research and technological advancements are key drivers for
the growth of market.
Recombinant production of proteins is one of the most powerful
molecular biology techniques used in the life sciences sector for its
industrial application in producing biopharmaceuticals. The ability of
producing abundant volume of purified and desired recombinant protein leads to
its extensive potential application such as, in industrial processes, or its
use to diagnose or treat diseases. Increase in research to understand efficient
expression of novel and difficult proteins through protein and cell line engineering
is an essential step to support future drug discoveries. A major prerequisite
for drug discovery is that recombinant proteins can be produced in adequate
amount and are of appropriate quality. Major players are focusing on expanding
their research activities and investing on recombinant based protein expression
for production of large volume of recombinant protein to be used as
biotherapeutics and are also to support drug discoveries.
The global protein expression market is
highly consolidated as the top three companies constitute for two-thirds of the
overall market share in 2016. ThermoFisher Scientific Inc., Merck KGaA and
Agilent Technologies led the global market in 2016. ThermoFisher Scientific
Inc. held almost one-third of the global protein expression market share in
2016, primarily due to the availability of protein expression products as
prokaryotic, mammalian, insect cell, yeast, cell free and algae-based systems.
Merck KGaA was the second largest player in global protein expression market in
2016. There is stiff competition among Promega Corporation, New England Biolabs
Inc. and Takara Bio. Inc. in the global market as only these companies market
cell-free based protein expression systems. Other major players in the market
are Qiagen N.V., Lonza Group Ltd., Genscript Biotech Corporation, New England
Biolabs Inc. and Bio-Rad Laboratories, Inc.
Created on May 13th 2019 03:34. Viewed 213 times.