Recombinant Proteins Market Predicted to Garner US$ 704.6 Bn By 2033, At CAGR 13.5% | Marketresearch.biz

According to Marketresearch.biz, the demand for recombinant antibodies and proteins in diagnostics and research is rising due to immuno-oncology and precision medicine advancements. The need for specific, high-quality proteins intensifies with evolving fields, driving market expansion.


New York, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The recombinant proteins market was valued at USD 205.0 billion in 2023 with significant growth and is projected to reach at USD 704.6 billion by 2033 with an outstanding CAGR of 13.5%.

The recombinant protein market is driven by a surge in demand for protein engineering and advanced treatment techniques. These proteins, artificially produced by integrating genetic materials, offer a novel approach to creating unique combinations not found in nature. Scientists employ engineering methodologies to insert specific genes into the genomes of host organisms, like bacteria or yeasts, turning them into protein factories using cellular machinery.

Get additional highlights on major revenue-generating segments, Request a Recombinant Proteins Market sample report at https://marketresearch.biz/report/recombinant-proteins-market/request-sample/

Another crucial factor propelling market growth is the rising incidence of chronic diseases, particularly cancer. Reports from the American Cancer Society and PubMed Central highlight the alarming global cancer statistics, with millions of new cases and fatalities. Recombinant proteins play a pivotal role in therapeutics for cancer and autoimmune diseases. Beyond medicine, these proteins find applications in agriculture, contributing to enhanced crop yields and advanced pesticides. In the industrial sector, they are utilized for enzyme production, biofuels, and other products.

Furthermore, recombinant proteins have been instrumental in vaccine development, stimulating the immune system to enhance immunity against specific diseases. The demand for these proteins is set to rise, driven by their essential role in medical and therapeutic applications, contributing to the anticipated expansion of the market in the years to come.

Key Takeaways

  • Product types rule the product and services market segment due to the wide range of applications these proteins have in both therapeutic and research settings.
  • Therapeutics dominates the application market segment due to its therapeutic applications, such as vaccines, biologics, and cell and gene therapies.
  • Pharmaceutical and biotechnology companies lead the end-user market segment due to substantial investments and the ongoing development of products focused on recombinant proteins.
  • Mammalian systems dominate the host cell market segment due to their ability to produce proteins with proper folding, post-translational modifications, and functional activity.
  • North America dominates the global recombinant proteins market with a 34.50% share, fueled by a robust biotechnology sector and substantial research investments.

Driving Factors

Rising Demand in Diagnostics and Research

The demand for recombinant antibodies and proteins in diagnostics and research is on an upward trajectory, bolstered by advancements in immuno-oncology and precision medicine. As these fields evolve, the need for specific and high-quality recombinant proteins intensifies, further driving the market's expansion. The growing reliance on these proteins for accurate diagnostics and research applications underscores their importance in modern medicine.

Advances in Recombinant DNA Technology

Technological advancements in recombinant DNA techniques are critical to the market's growth, enhancing the efficiency and cost-effectiveness of producing complex recombinant proteins. The optimization of CHO cell expression systems for higher yields is a notable example. Such improvements in production methodologies not only increase scalability but also make these biologics more accessible.

To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://marketresearch.biz/report/recombinant-proteins-market/#inquiry

Restraining Factors

Expensive Production Costs Impede Accessibility

Manufacturing biologics, particularly complex proteins, demands substantial capital investments in advanced technology and facilities. This requirement leads to elevated production costs, which are often passed on to the end-users, thereby limiting access and uptake. The expense associated with producing these proteins makes them less accessible, especially in cost-sensitive markets, and can be a deterrent for smaller companies or startups from entering the market. This financial barrier restricts the widespread availability and adoption of recombinant protein products.

Have Queries? Speak to an expert or To Download/Request a Sample, Click here.

Report AttributeDetails
Market Value (2023)US$ 205.0 billion
Market Size (2033)US$ 704.6 billion
CAGR (from 2024 to 2033)13.5% from 2024 to 2033
North America Region Revenue Share34.50%
Historic Period2016 to 2023
Base Year2023
Forecast Year2024 to 2033

Growth Opportunities

Novel Delivery Mechanisms Enhance Efficacy and Convenience

Novel delivery mechanisms for recombinant protein drugs, such as PEGylation, nanoparticle carriers, and pulmonary delivery, present a significant opportunity for growth in the recombinant proteins market. Many recombinant protein drugs face bioavailability challenges, and these advanced technologies offer solutions to improve drug delivery, patient convenience, and treatment outcomes. By enhancing the efficacy and ease of use of these drugs, these innovative delivery methods can lead to increased adoption and patient preference, subsequently driving market growth and potentially transforming patient care in various therapeutic areas.

Regional Analysis

North America dominates the global recombinant proteins market with a 34.50% share, fueled by a robust biotechnology sector and substantial research investments. The United States, home to influential companies like Amgen and Genentech, leads in research, development, and production. Cutting-edge technology, therapeutic applications, and strategic collaborations drive market growth. In Europe, strong research infrastructure and supportive policies contribute to market success, while Asia-Pacific, led by China and India, experiences rapid growth due to increased biotech investments and government support.

Grow your profit margin with Marketresearch.biz - Purchase This Premium Report at https://marketresearch.biz/purchase-report/?report_id=42989

Segment Analysis

In product & services segmentation, product types rule the market segment due to the wide range of applications these proteins have in both therapeutic and research settings. Antibodies, particularly monoclonal antibodies, are vital in treatments for various diseases, including cancer and autoimmune disorders. Cytokines and growth factors are crucial for cell signaling and have significant applications in cell culture, immunology, and regenerative medicine. It plays a critical role in understanding cellular mechanisms and drug discovery processes.

In application type, therapeutics dominates the market segment due to its therapeutic applications, such as vaccines, biologics, and cell and gene therapies. Recombinant proteins have become an integral part of the treatment of diseases such as diabetes, autoimmune diseases as well as various types of cancer. Their role in the development of vaccines is particularly evident during the development of COVID-19 vaccines.

By end-user type, pharmaceutical and biotechnology companies lead the market segment due to substantial investments and the ongoing development of products focused on recombinant proteins. While academic and research institutes, diagnostic laboratories, and other entities also employ recombinant proteins, particularly for research and diagnostic endeavors, the scale and impact of their utilization by pharmaceutical and biotech companies remain unparalleled.

By host cell type, mammalian systems dominate the market segment due to their ability to produce proteins with proper folding, post-translational modifications, and functional activity. It is important for therapeutic proteins, where correct glycosylation patterns are critical for efficacy and reduced immunogenicity. The market is dominated by proteins produced in mammalian systems, primarily due to their superior quality, particularly in the context of therapeutic applications.

Segments covered in this report

Product & Services Segmentation

  • Product Types
  • Production Services

Application Segmentation

  • Drug Discovery & Development
  • Therapeutics
  • Biologics
  • Vaccines
  • Cell & Gene Therapies
  • Research
  • Others

End-user Segmentation

  • Pharma & Biotechnology Companies
  • Academic & Research Institutes
  • Diagnostic Laboratories
  • Others

Host Cell Segmentation

  • Mammalian Systems
  • Insect Cells
  • Yeast & Fungi
  • Bacterial Cells
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

For more insights on the historical and Forecast market data from 2016 to 2033 - download a sample report at https://marketresearch.biz/report/recombinant-proteins-market/request-sample/

Competitive Landscape Analysis

In the Recombinant Proteins Market, global leaders Thermo Fisher Scientific and Merck KGaA drive innovation and research with their extensive range of high-quality recombinant proteins. Their strategic emphasis on cutting-edge technology shapes the landscape of life sciences. Bio-Techne Corporation and GenScript Biotech Corporation, experts in protein engineering, contribute to diverse applications, including drug discovery and diagnostics, reflecting the market's commitment to advancing scientific research through innovation and quality.

Key Players

  • Enzo Life Sciences, Inc.
  • Bio-Techne Corporation
  • Proteintech Group, Inc.
  • Thermo Fisher Scientific, Inc.
  • ProSpec-Tany TechnoGene Ltd.
  • Acrobiosystems
  • Sino Biological Inc.
  • StressMarq Biosciences Inc.
  • Merck KGaA
  • RayBiotech, Inc.
  • GenScript Biotech Corporation
  • Laurus Bio
  • Abcam plc
  • Bio-Rad Laboratories, Inc.
  • STEMCELL Technologies Inc

Recent Developments

  • In 2024, Vancouver-based SignalChem Biotech to be Acquired by China's Sino Biological for up to US $48 Million, Newmac Files Legal Action.
  • In 2023, Bee Partners increased its equity stake, while Toyota Ventures’ investment brings in expertise in large-scale manufacturing, said the startup has raised $13.4 million.
  • In 2023, Canadian startup Future Fields raised $11.2 million in a seed extension round to scale up fruit flies as production vehicles for high-value recombinant proteins.
  • In 2023, as part of Grifols' investment for future growth, the company designed, built, and validated the $80 million, state-of-the-art, biological manufacturing facility in the San Francisco Bay Area. The new facility has 25,000 square feet of GMP manufacturing space.

Browse More Related Reports

  • The Mammalian Cell Fermentation Technology Market size is predicted to reach approximately USD 94.8 Bn by 2032, from a valuation of USD 40.5 Bn in 2022, growing at a CAGR of 9.1% during the forecast period from 2023 to 2032.
  • The Cancer Vaccine Market size reached US$ 6.8 Billion in 2022 and it is expected for the market to reach US$ 20.2 Billion by 2032, exhibiting a CAGR of 11.8% during 2023-2032.
  • The Recombinant DNA Technology Market size is expected to be worth around USD 1288.5 Bn by 2032 from USD 743.6 Bn in 2022, growing at a CAGR of 5.8% during the forecast period from 2023 to 2032.
  • The Peptides Market was valued at USD 45.5 billion in 2023. It is expected to reach USD 89.6 billion by 2033, with a CAGR of 7.2% during the forecast period from 2024 to 2033.

About Us:

MarketResearch.Biz (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. Market Research.Biz provides customization to suit any specific or unique requirement and tailor-made reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

Follow Us on LinkedIn:https://www.linkedin.com/company/marketresearch-biz/
Follow Us on Facebook:https://www.facebook.com/marketresearch.biz
Follow Us on Twitter:https://twitter.com/PrudourResearch

 

Contact Data