According to the research report titled ‘Global Protein Expression Market 2019-2028’, available with Market Study Report, global protein expression market is anticipated to register a healthy CAGR of 11.30% throughout 2019-2028.
 

Rising prevalence of chronic diseases leading to increasing use of protein expression in therapeutic applications is primarily driving the global protein expression market growth. In addition, rising health expenditure, augmenting research & development activities in the field of genomics, and expanding pharmaceutical sector are likely to generate lucrative opportunities for the market development.
 

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On the downside, high cost of expression systems & reactants, strict regulatory approvals, and lack of high yield systems for post-translation modifications are posing as challenges for the business sphere.
 

Based on product type, worldwide protein expression industry is segmented into reagents, competent cells, expression vectors, instruments, and services. Considering application ambit, the marketplace is categorized into industrial, therapeutic, and research. Speaking of end user range, the business space is divided into academic research institutes, pharmaceutical & biotechnology companies, and contract research organizations among others.
 

The geographical analysis of the industry extends to Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Expert analysts speculate Asia Pacific market to showcase significant growth over the forecast timeline, owing to rising awareness regarding the benefits of the protein expression and its use in therapeutics.
 

Moreover, with improving health standards of the countries in this region and growing applications of the system, Asia Pacific is likely to generate immense growth opportunities for the overall market. Increasing affordability of treatments due to rising disposable income of people, along with presence of notable players in the region are fostering the market share.
 

Prominent contenders influencing the global protein expression industry trends are QIAGEN N.V., Promega Corporation, Merck Group, LifeSensors Inc., Takara Holdings Inc., New England Biolabs, GenScript, Bio-Rad Laboratories Inc., Becton Dickinson and Company, Agilent Technologies Inc., Peak Proteins Ltd., Promab Biotechnologies Inc., biotechrabbit GmbH, Lonza Group AG, and Thermo Fisher Scientific Inc.