The 2019 Recombinant Protein Market – Worldwide Growth, Trends and Forecasts to 2024: Drug Discovery Expected to Grow at the Fastest Rate – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Recombinant
Protein Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.

The growth of the recombinant protein market is attributed due to
increased expenditure in R&D, the growing prevalence of chronic
diseases, rising inclination toward biologics and biosimilars, and
advanced recombinant products.

New drugs serving unmet medical needs are one of the key value drivers
of research-based pharmaceutical companies. The rate of growth in R&D
funding, in 2015, and the location of that growth are both significant.
Trends are showing a return to growth, with only minor caution, across
most areas of R&D spending.

The increase in R&D investment in Asia, particularly China, and the
consecutive annual growth in R&D spending in North America indicates a
period of stability, security, and healthy competition across industrial
sectors.

As per the 2016 Global R&D Funding Forecast, this year, sponsored by the
Industrial Research Institute (IRI), Washington, DC, reveals that global
R&D investments may increase by 3.5% in 2016, to a total of USD 1.948
trillion in purchasing power parity (PPP) values for more than 110
countries having significant R&D investments (more than USD 100
million). Thus, increased research and R&D investments in the life
sciences industry are augmenting the growth of the market.

Key Market Trends

The Drug Discovery Segment is Expected to Grow at the Fastest Rate,
during the Forecast Period

The basic research segment held a maximum share in 2018, owing to the
increasing investment on research activities and the introduction of new
protein therapeutics, which has significantly contributed in the growth
and development of recombinant therapeutic antibodies and proteins
market.

The drug discovery segment is projected to show significant growth
during the forecast period, owing to the strong demand for recombinant
proteins in drug discovery. Furthermore, companies are also
collaborating for drug discovery and development purposes. For instance,
in 2017, Crown Bioscience (CBI) Inc. entered into a collaboration with
Jiangsu Qyun Bio-Pharmaceutical Co. Ltd, to develop CTLA-4 antibody.

North American Region Holds the Largest Market Share of the Market
and is Believed to Follow the Same Trend over the Forecast Period

North America is expected to lead the global recombinant protein market,
owing to the increased expenditure in research. The United States is
anticipated to witness the highest growth, owing to the largest
concentration of world-class research universities and academic medical
centers.

The R&D spending of the United States is around 2.7% of its gross
domestic product (GDP). In 2014, the United States was leading the R&D
investments in biotechnology and, since then, the US biotechnology
research and investment has been growing at a steady rate. Development
of new products and collaboration activities of biotechnology companies
are likely to boost the growth of the recombinant protein market.

Competitive Landscape

The recombinant protein market consists of several major players,
including Eli Lilly and Company, Merck KGaA, and Novo Nordisk AS, among
others. The companies are implementing certain strategic initiatives,
such as mergers, new product launches, acquisitions, and partnerships,
which help them in strengthening their market position. For instance, in
July 2018, the Abcam Merck together produced PD-L1 antibody for
immuno-oncology research.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Expenditure in Research and Development

4.2.2 Growing Prevalence of Chronic Diseases

4.2.3 Rising Inclination toward Biologics and Biosimilars

4.2.4 Advanced Recombinant Products

4.3 Market Restraints

4.3.1 Expensive and Time-consuming Production Process

4.3.2 Safety Issues

4.4 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type of Product

5.1.1 Hormone

5.1.2 Growth Factor

5.1.3 Cytokine

5.1.4 Antibody

5.1.5 Enzyme

5.1.6 Other Type of Products

5.2 By Application

5.2.1 Basic Research

5.2.2 Therapeutic Use

5.2.3 Drug Discovery

5.2.4 Biotechnology Industry

5.2.5 Other Applications

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Middle East and Africa

5.3.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Abcam PLC

6.1.2 Abnova Corporation

6.1.3 Eli Lilly and Company

6.1.4 Enzo Life Sciences Inc.

6.1.5 Eurogentec (Kaneka Corporation)

6.1.6 Merck KGaA

6.1.7 Novo Nordisk AS

6.1.8 ProSpec-Tany TechnoGene Ltd.

6.1.9 ProSpec-Tany TechnoGene Ltd.

6.1.10 F. Hoffmann-La Roche AG

6.1.11 Thermo Fisher Scientific Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/rbe9k4

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Related
Topics: Proteomics