Protein Engineering Market Would Grow at 15.7 % CAGR Amid the Period 2015-2020

PORTLAND, Oregon, August 12, 2015 /PRNewswire/ --

Big Market Research adds a report titled "Protein Engineering Market by Technology (Rational Protein Design, Irrational Protein Design) , Product (Instrument, Services) , Protein Type (Monoclonal Antibodies, Interferon, Growth Hormone) , End User (Academics Institutes, CROs) - Global Forecast to 2020". As per the report, the global protein engineering market would reach around $1,463.0 Million by the end of 2020 growing at 15.7% CAGR through 2020.

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The report offers a comprehensive industry insight into the key drivers and restraining factors, current and future market trends, growth opportunities, market strategies of key market players along with detailed segmentation and forecast. Preference of protein drug to non-protein drugs, increase in prevalence of various lifestyle diseases, availability of funds available for protein engineering research, and production of cost -effective drugs in the market are the prominent factors driving the growth momentum of the protein engineering industry.

The report segments the global protein engineering market on the basis of end user, product, protein type, technology and region. Based on product type, the protein engineering market is further segmented into reagents, instruments, and services and software where the instruments segment amounted for the highest market share of approximately 41.4% of the global protein engineering market in the year 2014. On the basis of technology, global market is majorly segmented into irrational protein design and rational protein design, where the later segment is the largest segment exhibiting fastest growth. Further, based on end user the global protein engineering market is further segmented into contract research organizations, biotech companies & pharmaceutical and academic research institutes.

The report offers market share and size of the aforementioned segments in the major geographical regions of Europe, North America and Asia. As mentioned in the report, North America accounted for the maximum share of the global protein engineering market and is followed by European region. The report highlights how some recent technological innovations such as site-directed mutagenesis is expected to drive growth momentum of the protein engineering market. The report offers competitive market landscape in terms of major partnerships and collaboration entered upon by major players in countries such as US, Canada, China, India and Japan.

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