'Global protein engineering market' presentation slideshows

The "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", report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Protein Engineering market along with the estimates and forecasts of the revenue and market share analysis.

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Global protein engineering market is expected to reach 2893.1 Million by 2025, from 932.7 Million in 2017 growing at a CAGR of 15.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Protein Engineering Market Demand and Trends 2014 - 2025

The global protein engineering market is expected to reach USD 3.09 billion by 2025, according to a new report by Radiant insights, inc. The market is driven by presence of regulatory authorities consistently striving to reduce time and cost involved in the drug discovery process. One such example is the launch of critical path initiative by U.S. FDA, for incorporation of advanced technologies, such as protein engineering, in drug discovery processes. Moreover, this facilitates prediction of probable adverse reactions & toxicity and improves efficacy of target molecules early on, resulting in lowered drug attrition rates in the later stages. This is anticipated to help control overall expenditure. Rise in R&D expenditure by countries indicates the urgent need for adoption of these tools in all drug discovery and development processes.

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Protein Engineering Market worth $1,463.0 Million by 2020

The protein engineering market is estimated to grow at a CAGR of 15.7% to reach $1,463.0 million by 2020. In this report, the global protein engineering market is broadly segmented by product, technology, end user, and region. By product, the market is categorized into instruments, reagents, and services and software. On the basis of technology, the market is categorized into rational protein design, and irrational protein design. Rational protein design emerged as highly adopted technology in protein engineering market in 2014. This large share can be attributed to its advantages over irrational protein design technology.

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