What is Global Protein Expression Service Market?
The Global Protein Expression Service Market is a vast and dynamic field that focuses on the production of specific proteins through biotechnology. This market is crucial in the world of scientific research and commercial production, as proteins are the building blocks of life and play a vital role in the functioning of all living organisms. The global Protein Expression Service market was valued at a whopping US$ 12400 million in 2023 and is expected to soar to US$ 19520 million by 2030. This impressive growth, with a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period of 2024 to 2030, is a testament to the increasing demand and importance of protein expression services in various sectors.
Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, Others in the Global Protein Expression Service Market:
The Global Protein Expression Service Market is segmented into Prokaryotic Expression Systems, Mammalian Cell Expression Systems, Yeast Cell Expression Systems, and others. Prokaryotic Expression Systems, primarily bacteria, are the most commonly used systems due to their fast growth, high yield, and low cost. Mammalian Cell Expression Systems are used when complex proteins requiring specific post-translational modifications are needed. Yeast Cell Expression Systems are a middle ground, offering some of the advantages of both prokaryotic and mammalian systems. Other systems include insect cells and plant cells, each with their unique advantages and applications.
Commercial, Academic Research in the Global Protein Expression Service Market:
The Global Protein Expression Service Market finds its usage in two major areas: Commercial and Academic Research. In the commercial sector, protein expression services are used in the production of industrial enzymes, therapeutic proteins, and vaccines. They are also used in the development of biosimilars, which are biological products highly similar to an already approved biological product. In the realm of academic research, protein expression services are indispensable in studying protein function, structure, and interactions. They are also used in the development of new therapeutic strategies and in the understanding of various diseases at the molecular level.
Global Protein Expression Service Market Outlook:
To put it in simpler terms, protein production, which is the process of generating a specific quantity of a particular protein, is a crucial aspect of biotechnology. The global Protein Expression Service market, which was valued at US$ 12400 million in 2023, is projected to reach a staggering US$ 19520 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period from 2024 to 2030. This growth is a clear indication of the increasing demand and significance of protein expression services across various sectors.
| Report Metric | Details |
| Report Name | Protein Expression Service Market |
| Accounted market size in 2023 | US$ 12400 million |
| Forecasted market size in 2030 | US$ 19520 million |
| CAGR | 7.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Bio-Synthesis, Sigma-Aldrich, Thermo Fisher Scientific, NEB, GenScript, ATUM, Promega, Lucigen, Bitesize Bio |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
