China Protein Engineering Market Size & Outlook, 2020-2027
China protein engineering market, 2016-2027 (US$M)
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China protein engineering market highlights
- The China protein engineering market generated a revenue of USD 35.8 million in 2020 and is expected to reach USD 132.3 million by 2027.
- The China market is expected to grow at a CAGR of 20.5% 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 35.8 million |
| Market revenue in 2027 | USD 132.3 million |
| Growth rate | 20.5% (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, China accounted for 2.4% 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 Asia Pacific, Japan protein engineering market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 118.9 million by 2027.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 39.11% in 2020. Horizon Databook has segmented the China 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 major market players in the country is anticipated to boost the adoption of protein engineering products during the forecast period. For instance, in February 2018, Merck KGgA announced the establishment of BioReliance End-to-End Biodevelopment.
Center in Shanghai to provide various services and development capabilities. Furthermore, in February 2018, the company awarded USD 354,449 in services and technologies to about four biotechnology companies to enhance medical research.
Thus, rise in strategic initiatives undertaken by various major players in the country is anticipated to boost the adoption of protein engineering in the near future. Furthermore, less stringent regulatory environment for approval of products leads to easy entry of products in the market.
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Target buyers of China protein engineering market databook
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Our clientele includes a mix of protein engineering market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China protein engineering market , including forecasts for subscribers. This country databook contains high-level insights into China protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China protein engineering market size, by technology, 2016-2027 (US$M)
China Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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