Unfolding the Potential: The Recombinant Protein Market in 2024 and Beyond


Posted December 19, 2024 by mordor

The recombinant protein market is booming, driven by the rise of biologics and personalized medicine. Mordor Intelligence predicts a CAGR of 10.2% by 2030. Key challenges include high development costs and regulatory hurdles.

 
The recombinant protein market is poised for significant growth, with Mordor Intelligence predicting it to reach USD 5.58 billion by 2030 at a CAGR of 10.2%. This surge is fueled by several key drivers:

Rising Prevalence of Chronic Diseases: Diseases like cancer, diabetes, and autoimmune disorders are creating a growing demand for therapeutic proteins.
Biologics Revolution: The shift towards biopharmaceuticals, including monoclonal antibodies and therapeutic enzymes, is a major market driver.
Personalized Medicine: Advancements in personalized medicine are increasing the demand for customized protein therapies.
Despite its promising future, the market faces headwinds:

High Development Costs: The research and development processes for recombinant proteins can be expensive and time-consuming.
Regulatory Stringency: Stringent regulations around manufacturing and approval can hinder market entry for new players.
Navigating the Future:

Technological Innovation: Advancements in gene editing, bioinformatics, and protein production technologies will enhance efficiency and cost-effectiveness.
Emerging Markets: Asia Pacific is expected to witness significant growth due to rising healthcare investments and an aging population.
Focus on Biosimilars: The expiration of patents for major protein drugs will drive demand for biosimilars, offering more affordable options.

About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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Issued By Mordor Intelligence
Country United States
Categories Biotech , Health
Tags recombinant protein market , recombinant protein market size , recombinant protein market share , recombinant protein market trends , recombinant protein market analysis , recombinant protein industry
Last Updated December 19, 2024