Mexico Protein Engineering Market Size & Outlook
Mexico protein engineering market, 2016-2027 (US$M)
Related Markets
Mexico protein engineering market highlights
- The Mexico protein engineering market generated a revenue of USD 30.0 million in 2020 and is expected to reach USD 92.3 million by 2027.
- The Mexico market is expected to grow at a CAGR of 17.4% 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 30.0 million |
| Market revenue in 2027 | USD 92.3 million |
| Growth rate | 17.4% (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, Mexico accounted for 2.0% 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 Latin America, Brazil protein engineering market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 92.3 million by 2027.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 39.67% in 2020. Horizon Databook has segmented the Mexico protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
Mexico protein engineering market was valued at USD 25.58 million and is estimated to grow at a CAGR of 17.4% during the forecast period owing to increasing healthcare expenditure, political & economic stability, and shifting demographics.
Furthermore, rise in funding of projects that are focused on advancing protein engineering is expected to boost the market growth. For instance, CONACyT-Mexico (Mexican research council Consejo Nacional de Ciencia y Tecnología) offers funds to researchers focusing in the area of protein engineering.
In October 2020, a study was granted funding by CONACyT-Mexico and published in journal to demonstrate Cysteine-Rich peptides (CRPs) as a scaffold for protein engineering process to provide high thermodynamic & metabolic stability to epitope for new biological functions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico protein engineering market , including forecasts for subscribers. This country databook contains high-level insights into Mexico protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico protein engineering market size, by technology, 2016-2027 (US$M)
Mexico Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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