Rapid advancements in medical technology and increasing geriatric population globally are key factors fueling market revenue growth
The global protein utterance market is expected to reach USD 6.07 Billion in 2028 and register a robust revenue CAGR of 13.5% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth are technological advancements in molecular genetics and rising demand for biologics. In addition, increasing prevalence of various chronic diseases such as diabetes, multiple sclerosis, and cancer is expected to boost market revenue growth over the forecast period.
Protein utterance is a process in which proteins are synthesized, modified, and regulated inside living organisms. It has become a vital laboratory technique in molecular biology, biochemistry, and protein research. Protein utterance can be achieved by modifying gene utterance and this includes 3 steps, namely, translation, transcription, and post-translational modification. It is widely used in therapeutics and industrial applications to treat various chronic and autoimmune diseases. This market is significantly driven by factors such as rising number of contract research organizations, increasing preference for outsourcing services, and enhancement of healthcare infrastructure and research facilities. Increasing demand for therapeutic proteins, higher healthcare and research expenditure, and rising number of pharmaceutical and biotechnology companies across the globe are some other factors driving the global market growth.
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Market Dynamics:
Growth in the historic period resulted from the rapid growth in the elderly population, strong economic growth in emerging markets, decline in oil prices, and health insurance reforms globally. Factors that negatively affected growth in the historic period were low healthcare access, shortages of skilled human resources, difficulty in manufacturing biologics, and regulatory changes.
Going forward, faster economic growth, technological developments and the increasing prevalence of diseases due to rising busy and sedentary lifestyles will drive the growth. Factors that could hinder the growth of this market in the future are rising interest rates, increasing awareness of alternative therapies and natural remedies, government provisions in healthcare services, and stringent government regulations.
Regional Outlook:
North America is the largest market for healthcare, followed by Asia-Pacific, Western Europe and then the other regions. Due to favorable regulations and policies in these regions, healthcare industry is rapidly growing. As the market in developed countries is nearly saturated, market players have shifted their focus toward the developing regions, especially the emerging economies of Asia Pacific.
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Competitive Outlook:
The prominent factors favoring market growth include increasing launches and initiatives by the market players to provide rapid treatment for addressing the diseases of the patients in the healthcare industry. Market-trend-based strategies for the healthcare market include increasing the adoption of bundled payments, using digital tools, increasing collaborations across industries and companies, focusing on the development of new medicines, and adopting hybrid imaging technology. Players adopted strategies in the healthcare industry include acquiring companies in similar industries to expand their presence and focusing on offering quality products and services.
The competitive landscape section of the report discusses in detail the company overview, product and services portfolio, business expansion plans, production and manufacturing capacity, financial standing, and global market position. It further sheds light on the recent mergers and acquisitions, collaborations, partnerships, corporate and government deals, agreements, and product launches.
Top companies operating in the market and profiled in the report include:
Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Merck KGaA, Promega Corporation, New England Biolabs, Qiagen, Takara Bio, Inc., Sino Biological Inc., Genscript Biotech Corporation, ProteoGenix., Bioneer Corporation, Peak Proteins Ltd., Oxford Utterance Technologies Ltd., ARTES Biotechnology GmbH and Synthetic Genomics Inc.
Further, the report segments the Protein Utterance market on the basis of product types, applications, end-use industries, and technology among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
Protein Utterance Market Segmentation:
Utterance Systems Outlook (Revenue, USD Billion, 2018-2028)
- Prokaryotic utterance Systems
- Escherichia coli Systems
- Others
- Mammalian cell Systems
- Insect cell systems
- Baculovirus Utterance Systems
- Others
- Yeast Systems
- Kluyveromyces Lactis Systems
- Saccharomyces Systems
- Pichia Systems
- Others
- Cell-free Utterance Systems
- Others
Product Outlook (Revenue, USD Billion, 2018-2028)
- Reagents
- Competent Cells
- Utterance Vectors
- Services
- Instruments
Application Outlook (Revenue, USD Billion, 2018-2028)
- Therapeutic
- Industrial
- Research
End Use Outlook (Revenue, USD Billion, 2018-2028)
- Pharmaceutical Biotechnology Companies
- Academic Research Institutes
- Contract Research Organizations
- Others
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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