Canada Protein Engineering Market Size & Outlook
Canada protein engineering market, 2016-2027 (US$M)
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Canada protein engineering market highlights
- The Canada protein engineering market generated a revenue of USD 73.5 million in 2020 and is expected to reach USD 205.6 million by 2027.
- The Canada market is expected to grow at a CAGR of 15.8% from 2021 to 2027.
- In terms of segment, rational protein design was the largest revenue generating technology in 2020.
- Hybrid Approach is the most lucrative technology segment registering the fastest growth during the forecast period.
Protein engineering market data book summary
| Market revenue in 2020 | USD 73.5 million |
| Market revenue in 2027 | USD 205.6 million |
| Growth rate | 15.8% (CAGR from 2020 to 2027) |
| Largest segment | Rational protein design |
| Fastest growing segment | Hybrid Approach |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rational Protein Design, Directed Evolution, Hybrid Approach |
| Key market players worldwide | Agilent Technologies, Bruker Corp, Thermo Fisher Scientific Inc, PerkinElmer, Waters Corp, Bio-Rad Laboratories Inc, Merck KGaA, Danaher Corp, Genscript Biotech Corp Class H, Amgen Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global protein engineering market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. protein engineering market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 205.6 million by 2027.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada protein engineering market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein engineering market will help companies and investors design strategic landscapes.
Rational protein design was the largest segment with a revenue share of 38.91% in 2020. Horizon Databook has segmented the Canada protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
Presence of protein engineering research academies and institutes in the country is one of the major drivers anticipated to boost market growth in the near future. For instance, The Protein Engineering Network of Centers of Excellence or PENCE is a research, discovery, technology & development organization.
That mostly focuses on the study of protein and proteomics research. This was created in 1990 as part of Networks of Centres of Excellence or NCE program. The institute consists of over 100 researchers. Therefore, rise in R&D activities conducted by such academic and research organizations is expected to propel the market growth in the country in the near future.
Presence of market players in the country is another factor expected to fuel the market growth during the forecast period. For instance, ProteinQure, Inc. provides a computational platform used for protein drug discovery.
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Our clientele includes a mix of protein engineering market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada protein engineering market , including forecasts for subscribers. This country databook contains high-level insights into Canada protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada protein engineering market size, by technology, 2016-2027 (US$M)
Canada Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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