Protein Expression Market Forecasted to Hit $5 Billion by 2030

Meticulous Research®, a prominent global market research company, has recently released a report titled "Protein Expression Market by System (Mammalian [CHO, HEK 293], Non-mammalian [Bacterial, Insect, Yeast]), Offering (Kits & Reagents, Vectors, Competent Cells, Services), Application (Industrial, Therapeutic, Research), and End User - Global Forecast to 2030." The report projects that the protein expression market will achieve a value of $5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% during the forecast period.

Market Drivers: The growth of the protein expression market is propelled by several factors, including the expanding biopharmaceutical market, increasing demand for recombinant proteins, rising cell-based research, growing prevalence of chronic diseases, advancements in molecular & cellular technology facilitating bioproduction acceleration, and augmented government initiatives and funding for life science research. Furthermore, the emergence of potential economies and point-of-care (POC) technology is anticipated to provide significant growth prospects for the market.

Challenges: However, challenges such as the high cost of protein-based research and the shortage of skilled professionals are expected to hinder market growth. Additionally, complexities in laboratory transformation parameters present further challenges to market expansion.

Market Segmentation: The report segments the protein expression market based on system type, product & services, application, and end-user. It also evaluates industry competitors and analyzes the market at regional and country levels.

Geographic Review: Major geographies analyzed include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to dominate the market, followed by Europe and Asia-Pacific, with the U.S. leading the North American market due to high R&D expenditure and the presence of key market players.

Key Players: Leading companies in the protein expression market include Thermo Fisher Scientific Inc., Promega Corporation, Merck KGaA, Bio-Rad Laboratories, Inc., Takara Holdings Inc., GenScript Biotech Corporation, Qiagen N.V., Agilent Technologies, Inc., Danaher Corporation, and BECTON, DICKINSON AND COMPANY.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5615

Key questions answered in the report-

• Which are the high-growth market segments regarding system, product & service, application, end user, and region/country?

• What was the historical market size for protein expression across the globe?

• What are the market forecasts and estimates for 2023–2030?

• What are the major drivers, restraints, and opportunities in the global protein expression market?

• Who are the major players in the global protein expression market?

• How is the competitive landscape, and who are the global protein expression market leaders?

• What are the recent developments in the protein expression market?

• What strategies are adopted by the major players in the protein expression market?

• What are the geographical trends and high-growth regions/countries?

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