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Market Overview
The growth of the recombinant protein market is attributed due to increased expenditure in R&D, the growing prevalence of chronic diseases, rising inclination toward biologics and biosimilars, and advanced recombinant products.
R&D is defined as the process of creating new products, processes, and technologies that can be used and marketed for mankind’s benefit in the future. New drugs serving unmet medical needs are one of the key value drivers of research-based pharmaceutical companies. The rate of growth in R&D funding, in 2015, and the location of that growth are both significant. Trends are showing a return to growth, with only minor caution, across most areas of R&D spending. The increase in R&D investment in Asia, particularly China, and the consecutive annual growth in R&D spending in North America indicates a period of stability, security, and healthy competition across industrial sectors. As per the 2016 Global R&D Funding Forecast, this year, sponsored by the Industrial Research Institute (IRI), Washington, DC, reveals that global R&D investments may increase by 3.5% in 2016, to a total of USD 1.948 trillion in purchasing power parity (PPP) values for more than 110 countries having significant R&D investments (more than USD 100 million). Thus, increased research and R&D investments in the life sciences industry are augmenting the growth of the market.
Scope of the Report
As per the scope of the report, the term recombinant proteins are encoded by recombinant DNA, which involves insertion of DNA, encoding that particular protein into bacterial or mammalian cells. The protein is then purified, after getting expressed in these cells. A recombinant protein is produced either by molecular cloning or through polymerase chain reaction (PCR).
Key Market Trends
The Drug Discovery Segment is Expected to Grow at the Fastest Rate, during the Forecast Period
The basic research segment held a maximum share in 2018, owing to the increasing investment on research activities and the introduction of new protein therapeutics, which has significantly contributed in the growth and development of recombinant therapeutic antibodies and proteins market.
The drug discovery segment is projected to show significant growth during the forecast period, owing to the strong demand for recombinant proteins in drug discovery. Furthermore, companies are also collaborating for drug discovery and development purposes. For instance, in 2017, Crown Bioscience (CBI) Inc. entered into a collaboration with Jiangsu Qyun Bio-Pharmaceutical Co. Ltd, to develop CTLA-4 antibody.
North American Region Holds the Largest Market Share of the Market and is Believed to Follow the Same Trend over the Forecast Period
North America is expected to lead the global recombinant protein market, owing to the increased expenditure in research. The United States is anticipated to witness the highest growth, owing to the largest concentration of world-class research universities and academic medical centers. The R&D spending of the United States is around 2.7% of its gross domestic product (GDP). In 2014, the United States was leading the R&D investments in biotechnology and, since then, the US biotechnology research and investment has been growing at a steady rate. Development of new products and collaboration activities of biotechnology companies are likely to boost the growth of the recombinant protein market.
Competitive Landscape
The recombinant protein market consists of several major players, including Eli Lilly and Company, Merck KGaA, and Novo Nordisk AS, among others. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them in strengthening their market position. For instance, in July 2018, the Abcam Merck together produced PD-L1 antibody for immuno-oncology research.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The growth of the recombinant protein market is attributed due to increased expenditure in R&D, the growing prevalence of chronic diseases, rising inclination toward biologics and biosimilars, and advanced recombinant products.
R&D is defined as the process of creating new products, processes, and technologies that can be used and marketed for mankind’s benefit in the future. New drugs serving unmet medical needs are one of the key value drivers of research-based pharmaceutical companies. The rate of growth in R&D funding, in 2015, and the location of that growth are both significant. Trends are showing a return to growth, with only minor caution, across most areas of R&D spending. The increase in R&D investment in Asia, particularly China, and the consecutive annual growth in R&D spending in North America indicates a period of stability, security, and healthy competition across industrial sectors. As per the 2016 Global R&D Funding Forecast, this year, sponsored by the Industrial Research Institute (IRI), Washington, DC, reveals that global R&D investments may increase by 3.5% in 2016, to a total of USD 1.948 trillion in purchasing power parity (PPP) values for more than 110 countries having significant R&D investments (more than USD 100 million). Thus, increased research and R&D investments in the life sciences industry are augmenting the growth of the market.
Scope of the Report
As per the scope of the report, the term recombinant proteins are encoded by recombinant DNA, which involves insertion of DNA, encoding that particular protein into bacterial or mammalian cells. The protein is then purified, after getting expressed in these cells. A recombinant protein is produced either by molecular cloning or through polymerase chain reaction (PCR).
Key Market Trends
The Drug Discovery Segment is Expected to Grow at the Fastest Rate, during the Forecast Period
The basic research segment held a maximum share in 2018, owing to the increasing investment on research activities and the introduction of new protein therapeutics, which has significantly contributed in the growth and development of recombinant therapeutic antibodies and proteins market.
The drug discovery segment is projected to show significant growth during the forecast period, owing to the strong demand for recombinant proteins in drug discovery. Furthermore, companies are also collaborating for drug discovery and development purposes. For instance, in 2017, Crown Bioscience (CBI) Inc. entered into a collaboration with Jiangsu Qyun Bio-Pharmaceutical Co. Ltd, to develop CTLA-4 antibody.
North American Region Holds the Largest Market Share of the Market and is Believed to Follow the Same Trend over the Forecast Period
North America is expected to lead the global recombinant protein market, owing to the increased expenditure in research. The United States is anticipated to witness the highest growth, owing to the largest concentration of world-class research universities and academic medical centers. The R&D spending of the United States is around 2.7% of its gross domestic product (GDP). In 2014, the United States was leading the R&D investments in biotechnology and, since then, the US biotechnology research and investment has been growing at a steady rate. Development of new products and collaboration activities of biotechnology companies are likely to boost the growth of the recombinant protein market.
Competitive Landscape
The recombinant protein market consists of several major players, including Eli Lilly and Company, Merck KGaA, and Novo Nordisk AS, among others. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them in strengthening their market position. For instance, in July 2018, the Abcam Merck together produced PD-L1 antibody for immuno-oncology research.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
