Recombinant Proteins Market Surges to USD 6.47 Billion by 2031, Propelled by 8% CAGR - Verified Market Research®

The demand for biopharmaceuticals and improvements in genetic engineering techniques are driving the growth of the Recombinant Proteins Market, as they enable efficient protein manufacturing. Nevertheless, the progress of genetic modification is hindered by the substantial expenses associated with production, strict regulatory demands, and ethical considerations. Furthermore, the challenges arise from the restricted ability to scale up and the intricate nature of protein structures.

Lewes, Delaware, May 13, 2024 (GLOBE NEWSWIRE) -- The Global Recombinant Proteins Market is projected to grow at a CAGR of 8% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 3 Billion in 2024 and is expected to reach USD 6.47 Billion by the end of the forecast period.

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Browse in-depth TOC onGlobal Recombinant Proteins Market

202 - Pages

126 – Tables

37 – Figures

Scope Of The Report

UNITValue (USD Billion)
KEY COMPANIES PROFILEDAviva Systems Biology Corporation, StressMarq Biosciences Inc., United States Biological, ProteoGenix, Icosagen AS, Richcore Lifesciences Pvt Ltd, ProSpec-TechnoGene Ltd, ACROBiosystems, CellGenix GmBH, RayBiotech Inc & Stemcell Technologies Inc.,
  • By Product
  • By Application
  • By Geography
CUSTOMIZATION SCOPEFree report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Recombinant Proteins Market Overview

Growing Demand for Biopharmaceuticals: The rising occurrence of chronic illnesses fuels the need for groundbreaking treatments, which in turn promotes the growth of the Recombinant Proteins Market. Biopharmaceutical companies are actively searching for recombinant proteins to use in drug development, as this can lead to market expansion and increased revenue potential.

Technological Advancements in Genetic Engineering: Progressive improvements in genetic engineering techniques enhance the effectiveness and expandability of producing recombinant proteins. Technological advancements such as CRISPR-Cas9 enable accurate genetic alterations, resulting in decreased manufacturing expenses and expedited industry growth.

Expansion of Research and Development Activities: Increasing investments in research and development efforts drive the identification of new recombinant proteins for diverse uses. Partnerships between academic institutions, pharmaceutical businesses, and research organisations stimulate innovation, expanding the Recombinant Proteins Market and promoting business-to-business growth through collaborations.

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High Production Costs: The intricate manufacturing process and the requirement for specialised equipment are factors that lead to the elevated production costs in the Recombinant Proteins Market. This is a difficulty for small and medium-sized businesses, impeding their ability to enter the market and potentially restricting their profit margins.

Stringent Regulatory Requirements: The presence of regulatory complications, such as the need to adhere to Good Manufacturing Practices (GMP) and undergo rigorous approval processes, creates obstacles for companies trying to enter the market. Companies must traverse complex and stringent regulatory regimes, which leads to longer time-to-market and greater operational hurdles.

Ethical Concerns and Public Perception: The ethical implications of genetic modification and the use of recombinant proteins in food and pharmaceuticals have an impact on how the public perceives these practices. Consumer acceptance and adoption of biotechnology may be hindered by negative views or controversies, which could result in slower market growth and adoption rates.

Geographic Dominance:

The Recombinant Proteins Market is currently dominated by North America, primarily because to its rich research infrastructure, significant technical breakthroughs, and a large presence of biopharmaceutical businesses. Europe is heavily invested in biotechnology research and has a regulatory environment that is supportive to this field. Nevertheless, the Asia-Pacific region is swiftly becoming a significant participant, propelled by rising healthcare spending, expanding biopharmaceutical sector, and government efforts to encourage biotechnology.

Recombinant Proteins Market Key Players Shaping the Future

Major players, including Aviva Systems Biology Corporation, StressMarq Biosciences Inc., United States Biological, ProteoGenix, Icosagen AS, Richcore Lifesciences Pvt Ltd, ProSpec-TechnoGene Ltd, ACROBiosystems, CellGenix GmBH, RayBiotech Inc & Stemcell Technologies Inc. and more, play a pivotal role in shaping the future of the Recombinant Proteins Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Recombinant Proteins Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Recombinant Proteins Market into Product, Application, And Geography.

To get market data, market insights, and a comprehensive analysis of the Global Recombinant Proteins Market, please Contact Verified Market Research®.

  • Recombinant Proteins Market, by Product
    • Immune Response Proteins
    • Structural Proteins
    • Membrane Proteins
    • Kinase Proteins
    • Regulatory Proteins
    • Others
  • Recombinant Proteins Market, by Application
    • Academic Research Studies
    • Biotechnology Research
    • Biopharmaceutical Production
    • Drug Discovery & Development
    • Others
  • Recombinant Proteins Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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