Recombinant Proteins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

  • Single User License $3500

Recombinant Proteins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : February, 2023 | Biotechnology

Report Digest

Global Recombinant Proteins Market: Overview

Rising incidences of chronic diseases, innovative recombinant products, augmented spending on research and development activities, and a growing preference for biosimilars and biologics are all contributing toward the expansion of the global recombinant protein market. Novel therapies for the purpose of treatment of serious chronic diseases such as cancer and other rare diseases are being developed utilizing recombinant proteins. The processing of recombinant proteins necessitates the use of a technique known as recombinant DNA (rDNA) technology. Proteins have been continuously developed as a crucial therapeutic choice in an extensive variety of human diseases as a result of various advancements made in the field of pharmaceutical processing and pharmacological understanding. Crohn's disease, rheumatoid arthritis, diabetes, anemia, dwarfism, and multiple sclerosis and many other diseases are treated with recombinant proteins.

On an average, across 27 OECD countries, nearly one-third of individuals aged 15 years and above reported suffering from two or more chronic diseases, including chronic respiratory problems, heart attack, stroke, diabetes, and cancer. This is according to the OECD's Health at a Glance, 2019 study. These chronic diseases are estimated to affect about one in every two people in Finland and Germany. Such high prevalence of chronic diseases are estimated to pave way for rapid growth of the global recombinant protein market in the years to come.

This study titled “global recombinant proteins market” comes with key market segments, namely product, application, end user, and regional markets. It also comes with an addition of evaluation of the prevailing competition in the global recombinant proteins market over the assessment timeline, from 2020 to 2030.

Global Recombinant Proteins Market: Key Trends

Due to approval cycles and long development times, the research and development sector has traditionally been capital-intensive. Research and development expenditures are a key element in global healthcare expenditure. Governments accept research and development as a critical component of a country's public benefit, international competitiveness, and growth. As a result, research and development spending and funding have steadily increased over time, which is estimated to augur well for the global recombinant proteins market in the near future.

In addition to that, there has been a strong emphasis on the advancement of recombinant protein-based therapies and vaccines for the treatment of Covid 19, which has been identified as a major burden on the global healthcare economy. For example, the Coalition for Epidemic Preparedness Innovations (CEPI) awarded Novavax, Inc US$ 4 Mn in October 2020 so as to accelerate the production of a Covid 19 vaccine based on its patented recombinant protein nanoparticle technology model.

However, since recombinant protein processing is basically a time-consuming process that also requires a high level of maintenance and cost, as well as safety and regulatory issues, the demand is expected to slow down during the projected timeline.

Global Recombinant Proteins Market: Competitive Assessment

In the global recombinant proteins market, top players are expected to compete aggressively. In this market, there are only a handful of renowned companies. China-based Elpiscience BioPharma and US-based Bio-Techne Corporation (US) entered into a partnership in 2020. Post partnership, Elpiscience is likely to gain access to Bio-vast Techne's product range of antibodies for utilization in the production of industrial, clinical, and preclinical biopharmaceuticals as part of this partnership, which seeks to develop anticancer therapeutics.

Some of the well-known players in the global recombinant proteins market are listed below:

  • Thermo Fisher Scientific, Inc.
  • GenScript Biotech Corporation
  • Enzo Life Sciences, Inc.
  • Sino Biological Inc.
  • StressMarq Biosciences Inc.
  • Bio-Rad Laboratories, Inc.

Global Recombinant Proteins Market: Regional Assessment

Because of rising research expenditures, as well as the presence of advanced healthcare infrastructure and many major market players, North America is expected to lead the global recombinant protein market over the analysis timeline, from 2020 to 2030.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?