U.S. Protein Engineering Market Size & Outlook, 2020-2027
U.S. protein engineering market, 2016-2027 (US$M)
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U.S. protein engineering market highlights
- The U.S. protein engineering market generated a revenue of USD 522.8 million in 2020 and is expected to reach USD 1,319.5 million by 2027.
- The U.S. market is expected to grow at a CAGR of 14.1% 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 522.8 million |
| Market revenue in 2027 | USD 1,319.5 million |
| Growth rate | 14.1% (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, U.S. accounted for 35.4% 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 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 |
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U.S. 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 38.98% in 2020. Horizon Databook has segmented the U.S. protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
Rise in government initiatives to enhance protein engineering is also one of the major factors anticipated to boost the market growth in the near future. For instance, the U.S. FDA’s Critical Path Initiative enables the inclusion of various advanced technologies into the process of drug discovery.
This initiative also transforms the way medical products are manufactured, developed, and evaluated. Thus, various initiatives being undertaken encourage the adoption of protein engineering for development of drugs and vaccines to treat diseases. Increase in collaborations among major market.
Players is also one of the factors expected to boost the market growth. For instance, in June 2019, Thermo Fisher Scientific, Inc. acquired High Chem, Ltd., which is a developer of mass spectrometry software.
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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 U.S. protein engineering market , including forecasts for subscribers. This country databook contains high-level insights into U.S. protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. protein engineering market size, by technology, 2016-2027 (US$M)
U.S. Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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