Protein Expression Market Projected to Grow at 11.7% CAGR in Coming Years
The global protein expression market is predicted to exhibit rapid advancement in the coming years. The growth of the market is being driven by the huge investments being made by the key market players in the development of technologically advanced and innovative products for producing high protein yield. Besides this factor, the surging geriatric population, the growing incidence of chronic diseases, and rapid advancement of the life sciences sector are also driving the progress of the market.
Browse detailed report on Protein Expression Market Revenue Estimation and Applications
The rising life expectancy and reducing birth rates are the main factors propelling the growth of the geriatric population. As geriatric people are highly vulnerable to chronic diseases, their growing population is fueling the demand for advanced treatment procedures, that require extensive research in protein expression. As per the United Nations Department of Economic and Social Affairs (UNDESA), the number of people in the age bracket- 60 years or above will increase by 56.0% from 2015 to 2030.
The term ‘protein expression’ can be applied to either the laboratory methods that are used for manufacturing proteins or the objects being studied. Depending on system, the protein expression market is divided into prokaryotic expression systems, mammalian cell expression systems, yeast expression systems, algal-based expression systems, insect cell expression systems, and cell-free expression systems. Out of these, the prokaryotic expression systems category recorded the highest growth in the market in the years gone by.
Geographically, the protein expression market would demonstrate the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the forecast of P&S Intelligence, a market research company based in India. The progress of the market in this region would be driven by the rising incidence of diseases such as cardiovascular diseases and diabetes, surging investments being made in research and development (R&D) activities, soaring geriatric population, and increasing per capita income of the people.
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