The global protein expression market size was US$ 2.3 billion in 2021. The global protein expression market size is forecast to reach US$ 7.1 billion by 2030 by registering a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
Protein expression is a process of large amounts of proteins synthesis by manipulating gene expression in the body.
Factors Influencing
Geographic Analysis
Geographically, North America holds the largest market share in the global protein expression market. The region holds dominance mainly due to the rising demand for technologically advanced products. Moreover, government initiatives and investments for protein research are forecast to benefit the companies in the global protein expression market. Moreover, the increasing prevalence of chronic diseases in North America would raise the demand for efficient protein expression technology.
The global protein expression industry is forecast to grow significantly in the emerging economies of the Asia-Pacific region. The growth of the market would be mainly due to the increasing government initiatives and investment in the life science sector. Moreover, the rising prevalence of chronic diseases and the growing population would be other factors contributing to the growth of the global protein expression market.
COVID-19 Impact Analysis
The global protein expression market witnessed sudden disruptions during the initial phase of the pandemic. Manufacturing industries had no choice but to stop the operations in order to maintain the safety of staff. Moreover, patients suffering from chronic diseases stopped visiting hospitals to protect themselves from the COVID-19 infection. As a result, the global protein expression market witnessed a significant decline during the initial phase.
Competitors in The Market
Market Segmentation
Insight by Product & Services
Insight by Systems
Insight by Application
Insight by End User
Insight by Region