North America Protein Engineering Market Size & Outlook
North America protein engineering market, 2016-2027 (US$M)
Related Markets
North America protein engineering market highlights
- The North America protein engineering market generated a revenue of USD 596.3 million in 2020.
- The market is expected to grow at a CAGR of 14.4% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2021 to 2027.
North America data book summary
| Market revenue in 2020 | USD 596.3 million |
| Market revenue in 2027 | USD 1,525.1 million |
| Growth rate | 14.4% (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, North America region accounted for 40.3% 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.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 38.97% in 2020. Horizon Databook has segmented the North America protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
North America comprises the U.S. and Canada markets and accounted for USD 521.34 million in 2019. Increasing number of R&D activities by biotechnological & pharmaceutical companies is expected to drive growth of this market.
Presence of key market players in this region, which are undertaking strategic initiatives such as new product development and merger & acquisitions, is expected to generate lucrative market growth opportunities.
Favorable reimbursement policies in the U.S. have propelled the use of protein engineering in the country. Presence of various government organizations, such as the CDC, has contributed toward the dominance of North America market.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America protein engineering market , including forecasts for subscribers. This continent databook contains high-level insights into North America protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America protein engineering market size, by country, 2016-2027 (US$M)
North America Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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