Middle East & Africa Protein Engineering Market Size & Outlook
Middle East & Africa protein engineering market, 2016-2027 (US$M)
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MEA protein engineering market highlights
- The MEA protein engineering market generated a revenue of USD 55.9 million in 2020.
- The market is expected to grow at a CAGR of 16.6% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2021 to 2027.
MEA data book summary
| Market revenue in 2020 | USD 55.9 million |
| Market revenue in 2027 | USD 163.8 million |
| Growth rate | 16.6% (CAGR from 2020 to 2027) |
| Largest segment | Rational protein design |
| Fastest growing segment | Hybrid Approach |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, MEA region accounted for 3.8% of the global protein engineering market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 799.6 million by 2027.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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% in 2020. Horizon Databook has segmented the Middle East & Africa protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
In addition, growing healthcare awareness and increasing demand for enhanced ultrasound technologies for effective management of chronic diseases, such as cancer and cardiovascular diseases.
In MEA countries are expected to boost protein engineering market growth during the forecast period. Government initiatives for improving healthcare infrastructure in South Africa, Saudi Arabia, and UAE are creating new opportunities for market growth in this region.
Increasing healthcare spending and continuous efforts being taken to modernize healthcare are driving the demand for advanced therapeutics for wide array of applications. Furthermore, diagnostics and pharmaceutical industry is highly investing in developing molecular diagnostic enzyme and improving clinical outcomes, respectively.
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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 continent-level data and insights on the Middle East & Africa protein engineering market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA protein engineering market size, by country, 2016-2027 (US$M)
Middle East & Africa Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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