The size of the protein expression market in the Asia Pacific was worth 505.98 million in 2022 and is estimated to be growing at a CAGR of 12.44% to reach 909.36 million by 2027.
Protein expression is altering, synthesizing, and controlling the proteins in living organisms. Proteins are controlled and manufactured depending on the practical need of the host cell. Biotechnology-based companies create novel therapeutics with negligible side effects, generating a huge protein expression market.
The growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, heart-related diseases, and other illnesses in the APAC region is one of the key drivers promoting the growth of the protein expression market in APAC. In addition, an increase in the growing population is expected to be a plus to the development of the market during the forecast period. For instance, China and India hold the largest population in the world such that China has a total of 18.47% of the world share and India holds 17.70% of the world share; therefore, this implies the rapid increase in the growing need and demand for protein biologics which is increasing the demand of protein expression in the market in this region.
The growing number of technological advancements for developing new advanced techniques for getting rapid and effective results with accurate information is expected to uplift the market's growth rate. In addition, the increase in government initiatives and support for research and development activities and movements in the pharma sector for manufacturing efficient medication with the rising awareness about protein expression, will help propel the market's growth.
Furthermore, an increase in the investments and funding from government and non-government organizations in the biotechnology sector for manufacturing various methods and techniques for testing protein expression and an increase in the biologics market is further estimated to accelerate the growth of the Asia Pacific protein expression market.
However, an increase in the costs of the products with the lack of skilled and trained individuals for operating and analyzing the outputs from the device is affecting the growth of the APAC protein expression market. Also, the lack of standardization of protein expression to provide high-quality protein hinders market growth. In addition, the strict government rules and regulations for introducing any product in the market with the stringent approval processes for approving products and services are affecting the market growth. Therefore, the other factor hampering the development of the Asia Pacific protein expression market is the increasing costs of the maintenance and installment of the equipment.
This research report on the Asia Pacific protein expression market has been segmented and sub-segmented into the following categories:
By Expression Systems:
By End User:
Geographically, the Asia-Pacific protein expression market is one of the fastest-growing regions globally. Owing to the increase in the prevalence of the growing population with the rise in the geriatric population and improving the healthcare sector in the region, APAC is expected to account for a significant share of the global market during the forecast period. In addition, the increasing investment by the government, raising awareness, and medical tourism across developing countries are boosting market growth.
The Chinese protein expression market is forecasted to be playing a dominating role in the APAC region during the forecast period due to the prevalence of chronic diseases. Furthermore, as in China, non-communicable diseases (NCDs) account for 80 percent of fatalities, increasing market growth. In addition, technological advancement in the healthcare sector, availability of well-established infrastructure, and favorable reimbursement policies contribute to the APAC protein expression market.
On the other hand, the Indian protein expression market is anticipated to contribute a substantial share of the APAC market during the forecast period. In addition, market growth driven by increased investments and funding from government and non-government organizations in research activities is also encouraging market growth.
On the other hand, Japan and Australia are estimated to register healthy growth rates due to increased initiatives for developing well-established medical and healthcare infrastructure in the region and increasing awareness about protein expression, contributing to market growth.
KEY MARKET PLAYERS:
Companies playing a leading role in the Asia-Pacific protein expression market profiled in the report are Agilent Technologies, Life Technologies Corporation, Bio-Rad Laboratories, New England BioLabs, Merck Millipore, Takara Bio, Thermo Fisher Scientific, and Promega Corporation.
The APAC protein expression market is expected to grow at a CAGR of 12.44% from 2022 to 2027.
The growing usage of recombinant protein technology, growing demand for gene therapy and regenerative medicine, and adoption of automation and artificial intelligence in protein expression workflows are anticipated to boost the protein expression market in the Asia-Pacific region.
Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Bio-Rad Laboratories, and Qiagen N.V. are playing a key role in the APAC protein expression market.
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