COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Protein Engineering Market
Protein Engineering Market is likely to witness an impressive CAGR of 12.6% during the forecast period. The major factors propelling the Protein Engineering Market are the increasing construction activities, growth in automotive & transportation sector, industrial development, and the stringent regulations regarding Volatile Organic Compound (VOC) control, including initiatives, such as REACH Europe and Clean Air Act, respectively.
In terms of regions, North America is estimated to be the largest market during the forecast period. Presence of well-established CROs, increasing investment towards R&D, and the availability of the latest techniques and instruments for drug discovery research are the major factors behind the dominance of the North American market.
Market Scope & Market Segmentation
Protein Engineering Market Share: By Products & Services Type
Based on the products & services type, the Protein Engineering Market is segmented as instruments, consumables, and software & services. The instrument segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Technological advancements and the high price of mass spectroscopy and crystallography instruments are the major factors leading to dominance of the instrument segment.
Protein Engineering Market Share: By Protein Type
Based on the protein type, the Protein Engineering Market is segmented as monoclonal antibodies, erythropoietin, interferons, vaccines, colony-stimulating factors, growth hormones, coagulation factors, and others. The monoclonal antibodies segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Increasing demand for monoclonal antibodies for the treatment of cancer, neurological diseases, and infectious diseases is the major factor behind its dominance.
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
Know more about us:
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