Recombinant Protein Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Hormone, Growth Factor, Antibody, Enzyme, Other), By Application (Research Application, Therapeutic Use, Biotechnology Industry), By Region, By Competition

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 2.19 Billion

CAGR (2023-2028)

7.34%

Fastest Growing Segment

Hormone

Largest Market

North America

 

Market Overview

Global Recombinant Protein Market has valued at USD 2.19 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.34% through 2028. Recombinant proteins are synthesized using recombinant DNA (rDNA) technology, which involves combining at least two DNA sequences not typically found together in nature. These rDNA libraries and the resultant proteins are then scrutinized for their potential use as disease pathway inhibitors, replacement therapies, or other anti-disease agents. The production of recombinant proteins initiates at the genetic level, where the coding sequence of the desired protein is separated and cloned into an expression plasmid vector. Although most therapeutic recombinant proteins are derived from human genes, they are expressed in microorganisms such as yeast, bacteria, or animal cells in culture. Recent years have seen the development of effective transient transfection protocols, and HEK293-derived cell lines are frequently used for the transient production of proteins. Mammalian cells are presently the preferred host for producing recombinant therapeutic proteins due to their ability to produce high-quality proteins like to those found in humans. Additionally, many approved recombinant therapeutic proteins are produced in E.coli because of its rapid growth, well-characterized genetics, and high-yield production.

Key Market Drivers

Biopharmaceutical Advancements

Biopharmaceutical advancements are poised to catalyze substantial growth in the global recombinant protein market. The convergence of cutting-edge biotechnologies, such as CRISPR-Cas9 gene editing and advanced cell culture techniques, is enabling the development of novel and highly efficient methods for producing recombinant proteins. This enhanced production capability translates into a more robust and diversified pipeline of therapeutic proteins, meeting the escalating demand for innovative biopharmaceuticals.

Moreover, advancements in protein engineering are facilitating the creation of bioengineered proteins with improved therapeutic properties, enhancing their efficacy and safety profiles. The relentless pursuit of precision medicine and personalized therapies is also driving the demand for recombinant proteins tailored to specific patient populations. This customization, enabled by biopharmaceutical breakthroughs, not only enhances therapeutic outcomes but also opens new avenues for market expansion. As biopharmaceutical companies continue to invest in research and development, leveraging state-of-the-art technologies, the global recombinant protein market is poised for sustained growth. The interplay of innovation, scalability, and a responsive regulatory environment positions this market at the forefront of the biopharmaceutical industry's evolution, offering lucrative opportunities for stakeholders across the value chain.

Technological Advancements in Protein Expression Systems

Technological advancements in protein expression systems are pivotal drivers propelling the growth of the global recombinant protein market. Innovations in gene editing tools, such as CRISPR-Cas9, have revolutionized the precision and efficiency of modifying host cells to express desired proteins. This breakthrough significantly streamlines the production process, reducing costs and accelerating the development timeline for recombinant proteins.

Furthermore, advancements in mammalian cell culture technologies have bolstered the scalability and yield of protein expression systems. Enhanced bioprocessing techniques, including perfusion systems and single-use bioreactors, contribute to higher productivity and cost-effectiveness in large-scale production. This increased efficiency not only meets the growing demand for biopharmaceuticals but also ensures a more sustainable and competitive market landscape. The integration of artificial intelligence and data analytics in optimizing protein expression further refines the selection of host cells and cultivation conditions, maximizing protein yield and quality. These technological strides not only enhance production capabilities but also address the industry's evolving needs for diverse and complex recombinant proteins. As the synergy of these advancements continues to reshape the biopharmaceutical landscape, the global recombinant protein market stands poised for dynamic growth, offering substantial opportunities for stakeholders to capitalize on the evolving technological frontier.

Growing Prevalence of Chronic Diseases

The escalating prevalence of chronic diseases is a key catalyst propelling the growth of the global recombinant protein market. As the incidence of conditions such as diabetes, cancer, and autoimmune disorders rises globally, there is a parallel surge in demand for advanced biopharmaceuticals, driving the need for recombinant proteins. Recombinant proteins play a pivotal role in the development of therapeutic interventions for chronic diseases, offering targeted and effective treatments. The specificity and diversity of these proteins make them essential in addressing the complex molecular pathways associated with chronic illnesses, providing more precise and personalized solutions.

Moreover, as the aging population increases, there is a higher likelihood of individuals developing chronic conditions, further amplifying the demand for innovative biopharmaceuticals. The flexibility of recombinant protein technology allows for the creation of a wide range of therapeutic proteins, catering to the diverse needs of patients with various chronic diseases. In response to this growing health crisis, pharmaceutical companies are intensifying their research and development efforts to bring novel recombinant protein-based therapies to market. As a result, the global recombinant protein market is positioned for significant expansion, presenting lucrative opportunities for industry stakeholders to meet the rising demand for effective and targeted treatments in the realm of chronic diseases.


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Key Market Challenges

Cost and Complexity of Production

The growth of the global recombinant protein market faces potential hindrances due to the cost and complexity associated with production. The intricate nature of manufacturing these proteins, often requiring advanced biotechnological processes, poses challenges in terms of operational expenses and resource utilization. The complexity of upstream and downstream processing, including cell culture maintenance, purification, and formulation, contributes significantly to the overall production costs.

Moreover, stringent regulatory requirements for ensuring the safety and quality of recombinant proteins add another layer of complexity, demanding robust infrastructure and compliance measures. The need for specialized facilities and skilled personnel further amplifies the operational expenses, creating barriers for smaller companies entering the market. As a consequence, the high production costs may translate into elevated prices for recombinant protein-based therapeutics, potentially limiting patient access and adoption. Furthermore, the capital-intensive nature of production facilities and the time-intensive development processes may deter some players from engaging in the market, hindering its overall growth potential. Addressing these challenges necessitates ongoing innovation in production technologies and cost-effective solutions. Collaborations, technological advancements, and strategic investments are crucial for mitigating cost and complexity concerns, ensuring the sustained growth of the global recombinant protein market while making these biopharmaceuticals more accessible and commercially viable.

Quality Control and Consistency

Quality control and consistency challenges present potential impediments to the growth of the global recombinant protein market. Ensuring the reproducibility and uniformity of recombinant proteins is a critical aspect of regulatory compliance and therapeutic efficacy. Variability in production processes and inherent biological systems can lead to inconsistencies in product quality, posing risks to patient safety and treatment outcomes.

Implementing rigorous quality control measures throughout the production cycle, from cell culture to purification and formulation, adds complexity and cost to the manufacturing process. Ensuring batch-to-batch consistency becomes particularly challenging due to the sensitivity of biological systems to environmental factors and subtle process variations. Regulatory bodies demand strict adherence to quality standards, making it imperative for manufacturers to invest in sophisticated quality control infrastructure and expertise. The need for robust quality assurance measures not only increases operational costs but also extends the time required for product development and market entry. Achieving the delicate balance between meeting regulatory requirements and maintaining cost-effectiveness remains a significant hurdle, potentially hindering the overall growth trajectory of the global recombinant protein market. Continuous advancements in analytical technologies and standardized quality control protocols are essential for overcoming these challenges and establishing a reliable and sustainable framework for the production of recombinant proteins.

Key Market Trends

Expansion of Therapeutic Applications

The expansion of therapeutic applications stands as a powerful driver fueling the growth of the global recombinant protein market. As scientific understanding of molecular pathways deepens, there is a burgeoning realization of the diverse therapeutic potential offered by recombinant proteins. Beyond their traditional applications in treating conditions such as diabetes and cancer, these proteins are increasingly finding utility in addressing a broad spectrum of diseases, including rare genetic disorders and autoimmune conditions.

The versatility of recombinant proteins allows for the development of targeted and personalized therapies, aligning with the trend toward precision medicine. This broadening scope of applications not only enhances the market's commercial potential but also positions recombinant proteins as indispensable tools in the evolving landscape of modern medicine. Furthermore, ongoing research and development efforts are uncovering novel therapeutic targets, expanding the repertoire of conditions that can be effectively addressed with recombinant protein-based interventions. The dynamic interplay between scientific innovation and therapeutic applications creates a robust ecosystem, fostering continuous growth in the global recombinant protein market. Stakeholders in the biopharmaceutical industry are well-positioned to capitalize on this trend, as the market evolves to meet the increasing demand for innovative and targeted therapeutic solutions across a spectrum of medical conditions.

Focus on Sustainable Biomanufacturing

The focus on sustainable biomanufacturing emerges as a pivotal driver propelling the growth of the global recombinant protein market. As environmental consciousness takes center stage in the business landscape, biopharmaceutical companies are increasingly adopting sustainable practices in protein production. Sustainable biomanufacturing encompasses strategies to minimize carbon footprint, reduce energy consumption, and optimize resource utilization throughout the recombinant protein manufacturing process. In response to market demands and regulatory pressures, companies are investing in innovative technologies and green initiatives, such as single-use bioreactors, renewable energy sources, and eco-friendly purification processes. These measures not only align with corporate social responsibility but also enhance operational efficiency and cost-effectiveness. Moreover, a commitment to sustainable biomanufacturing resonates positively with consumers and stakeholders, fostering a positive brand image and creating a competitive edge. The integration of sustainable practices not only addresses environmental concerns but also positions the industry to meet the rising demand for ethical and eco-friendly biopharmaceutical products. As the global community increasingly values sustainability, the incorporation of green technologies and practices in recombinant protein production not only contributes to environmental stewardship but also serves as a catalyst for the continued growth and resilience of the global recombinant protein market.

Segmental Insights

Product Insights

Based on the Product, the hormone segment is anticipated to witness substantial market growth throughout the forecast period. This surge is attributed to the increasing demand for recombinant hormones in various therapeutic applications. The development of advanced biotechnological methods has facilitated the production of recombinant hormones with enhanced efficacy and safety profiles, fostering their adoption in medical interventions. Hormones play a crucial role in regulating physiological functions, and the recombinant hormone segment caters to a diverse range of therapeutic areas such as endocrinology, reproductive medicine, and metabolic disorders. The market benefits from the expanding prevalence of hormone-related conditions and the pursuit of targeted and personalized treatment approaches. With ongoing research and development efforts focusing on innovative hormone therapies, the market anticipates sustained growth. As pharmaceutical and biotechnology companies prioritize the production of recombinant hormones, this segment is poised to exhibit robust expansion, contributing to advancements in healthcare and improved patient outcomes.

Application Insights

Based on the Application segment, the Therapeutic Use segment has been the dominant force in the market. The growth of the global recombinant protein market is strongly propelled by the expanding therapeutic applications of these biopharmaceuticals. Recombinant proteins serve as crucial components in the development of therapeutic interventions for a diverse range of medical conditions. From treating chronic diseases such as diabetes and cancer to addressing rare genetic disorders and autoimmune conditions, the therapeutic versatility of recombinant proteins positions them at the forefront of modern medicine. The trend towards personalized medicine further accentuates the significance of recombinant proteins, allowing for the customization of therapeutic solutions tailored to individual patient profiles. As advancements in biotechnology continue to unravel novel therapeutic targets, the demand for recombinant proteins is set to grow. Furthermore, the ongoing research and development efforts aimed at expanding the therapeutic repertoire of recombinant proteins, coupled with the regulatory support for these innovative treatments, create a conducive environment for market growth. With the continuous emergence of groundbreaking therapies, the global recombinant protein market becomes integral to addressing the evolving landscape of healthcare needs, offering immense opportunities for biopharmaceutical companies to contribute to and benefit from the advancements in therapeutic applications.


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Regional Insights

North America, specifically the Recombinant Protein Market, dominated the market in 2022, primarily due to The North America region is poised to be a major driving force behind the growth of the global recombinant protein market. Several factors contribute to this prominence. Firstly, North America boasts a robust and well-established biopharmaceutical industry, with key players continually investing in research and development initiatives. This region's advanced infrastructure, technological capabilities, and skilled workforce create an environment conducive to innovation in recombinant protein production. Additionally, the region benefits from a favorable regulatory landscape that facilitates efficient product approvals and commercialization. The stringent quality standards and regulatory frameworks inspire confidence among investors and consumers, promoting the development and adoption of recombinant protein-based therapeutics. Moreover, the prevalence of chronic diseases in North America, coupled with a rapidly aging population, fuels the demand for advanced biopharmaceutical solutions, further driving the growth of the recombinant protein market. Collaborations between academic institutions, research organizations, and industry players in the region also contribute to a dynamic ecosystem that fosters continuous advancements in biotechnology.

Recent Developments

  • In September 2022, the life science group Sartorius, through its French-listed subgroup Sartorius StedimBiotech, acquired AlbumedixLtd. Albumedix is one of the key players in the field of recombinant albumin-based solutions and is based in Nottingham, UK.
  • In September 2022, Attralus, Inc., released preclinical data for AT-02, the company’s lead pan-amyloid removal (PAR) therapeutic candidate. The AT-02 pan-amyloid elimination studies suggest that this chemical has the potential to provide therapeutic advances. In a systemic amyloidosis progressive animal model, the decrease of cardiac amyloid deposits by 50% is remarkable.

Key Market Players

  • Abbvie Inc.
  • Amgen Inc.
  • Bio-Rad Laboratories Inc.
  • Eli Lilly and Company
  • Merck KGaA
  • Novo Nordisk AS
  • Sanofi SA
  • Thermo Fisher Scientific Inc.
  • Novartis AG
  • GlaxoSmithKline PLC
  • Novavax Inc.
  • Pfizer Inc.

 By Products

By Application

By Region
  • Hormone
  • Growth Factor
  • Antibody
  • Enzyme
  • Other
  • Research Application
  • Therapeutic Use
  • Biotechnology Industry
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Recombinant Protein Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Recombinant Protein Market, By Products:

o   Hormone

o   Growth Factor

o   Antibody

o   Enzyme

o   Other

·         Recombinant Protein Market, By Application:

o   Research Application

o   Therapeutic Use

o   Biotechnology Industry

·         Recombinant Protein Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • United Kingdom
      • Italy
      • Germany
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
      • Turkey
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Recombinant Protein Market.

Available Customizations:

Global Recombinant Protein market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Recombinant Protein Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.       Markets Covered

1.2.2.       Years Considered for Study

1.2.3.       Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Recombinant Protein Market Outlook

5.1.  Market Size & Forecast

5.1.1.       By Value

5.2.  Market Share & Forecast

5.2.1.       By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

5.2.2.       By Application (Research Application, Therapeutic Use, Biotechnology Industry)

5.2.3.       By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4.       By Company (2022)

5.3.  Market Map

5.3.1 By Product

5.3.2 By Application

5.3.3 By Region

6.    North America Recombinant Protein Market Outlook

6.1.  Market Size & Forecast       

6.1.1.       By Value

6.2.  Market Share & Forecast

6.2.1.       By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

6.2.2.       By Application (Research Application, Therapeutic Use, Biotechnology Industry)

6.2.3.       By Country

6.3.  North America: Country Analysis

6.3.1.       United States Recombinant Protein Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Application

6.3.2.       Canada Recombinant Protein Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Application

6.3.3.       Mexico Recombinant Protein Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Application

7.    Europe Recombinant Protein Market Outlook

7.1.  Market Size & Forecast       

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.       By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

7.2.2.       By Application (Research Application, Therapeutic Use, Biotechnology Industry)

7.2.3.       By Country

7.3.  Europe: Country Analysis

7.3.1.       France Recombinant Protein Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Application

7.3.2.       Germany Recombinant Protein Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Application

7.3.3.       United Kingdom Recombinant Protein Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Application

7.3.4.       Italy Recombinant Protein Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product

7.3.4.2.2.           By Application

7.3.5.       Spain Recombinant Protein Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product

7.3.5.2.2.           By Application

8.    Asia-Pacific Recombinant Protein Market Outlook

8.1.  Market Size & Forecast       

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.       By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

8.2.2.       By Application (Research Application, Therapeutic Use, Biotechnology Industry)

8.2.3.       By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.       China Recombinant Protein Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Application

8.3.2.       India Recombinant Protein Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Application

8.3.3.       Japan Recombinant Protein Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Application

8.3.4.       South Korea Recombinant Protein Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product

8.3.4.2.2.           By Application

8.3.5.       Australia Recombinant Protein Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product

8.3.5.2.2.           By Application

9.    South America Recombinant Protein Market Outlook

9.1.  Market Size & Forecast       

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.       By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

9.2.2.       By Application (Research Application, Therapeutic Use, Biotechnology Industry)

9.2.3.       By Country

9.3.  South America: Country Analysis

9.3.1.       Brazil Recombinant Protein Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Application

9.3.2.       Argentina Recombinant Protein Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Application

9.3.3.       Colombia Recombinant Protein Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Application

10. Middle East and Africa Recombinant Protein Market Outlook

10.1.             Market Size & Forecast        

10.1.1.     By Value

10.2.             Market Share & Forecast

10.2.1.     By Product (Hormone, Growth Factor, Antibody, Enzyme, Other)

10.2.2.     By Application (Research Application, Therapeutic Use, Biotechnology Industry)

10.2.3.     By Country

10.3.             MEA: Country Analysis

10.3.1.     South Africa Recombinant Protein Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Application

10.3.2.     Saudi Arabia Recombinant Protein Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Application

10.3.3.     UAE Recombinant Protein Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Global Recombinant Protein Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Abbvie Inc.

15.1.1.     Business Overview

15.1.2.     Product Offerings

15.1.3.     Recent Developments

15.1.4.     Financials (As Reported)

15.1.5.     Key Personnel

15.1.6.     SWOT Analysis

15.2.             Amgen Inc.

15.3.             Bio-Rad Laboratories Inc.

15.4.             Eli Lilly and Company

15.5.             Merck KGaA

15.6.             Novo Nordisk AS

15.7.             Sanofi SA

15.8.             Thermo Fisher Scientific Inc.

15.9.             Novartis AG

15.10.          GlaxoSmithKline PLC

15.11.          Novavax Inc.

15.12.          Pfizer Inc.

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The market size of the Global Recombinant Protein Market was estimated to be USD 2.19 Billion in 2022.

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The Antibody segment demonstrated significant dominance in 2022, primarily due to rising cases of diabetes and the increasing use of antibodies.

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North America emerged as the dominant market in 2022, capturing increasing expenditure on research, coupled with the presence of healthcare infrastructure and several major market players.

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Due to the increasing expenditure on research and development, the growing prevalence of chronic diseases, the aging population, the rising inclination towards biologics and biosimilars, and the launch of advanced recombinant products will propel Global Recombinant Protein market growth during the forecast period.

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Sakshi Bajaal

Business Consultant
Press Release

Recombinant Protein Market to Grow with a CAGR of 7.34% through 2028

Nov, 2023

Rising inclination towards biologics and biosimilars are expected to drive the Global Recombinant Protein Market growth in the forecast period, 2024-2028.

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