U.S. Protein Engineering Market Size & Outlook, 2023-2030
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U.S. protein engineering market highlights
- The U.S. protein engineering market generated a revenue of USD 963.0 million in 2023 and is expected to reach USD 2,802.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
Protein engineering market data book summary
| Market revenue in 2023 | USD 963.0 million |
| Market revenue in 2030 | USD 2,802.1 million |
| Growth rate | 16.1% (CAGR from 2024 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Instruments |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents, Software & Services |
| Key market players worldwide | Agilent Technologies, Bruker Corp, Thermo Fisher Scientific Inc, PerkinElmer, Waters Corp, Bio-Rad Laboratories Inc, Merck KGaA, Danaher Corp, Genscript Biotech Corp Class H, Amgen Inc |
Other key industry trends
- In terms of revenue, U.S. accounted for 37.0% of the global protein engineering market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. protein engineering market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 385.7 million by 2030.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Genscript Biotech Corp Class H | View profile | 6937 | No. 28, Yongxi Road, Jiangning Science Park, Jiangsu Province, Nanjing, China, People's Republic of, 211100 | https://www.genscript.com |
| Agilent Technologies | View profile | 10001+ | Santa Clara, California, United States, North America | http://www.agilent.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Waters Corp | View profile | 7900 | 34 Maple Street, Milford, MA, United States, 01757 | https://www.waters.com |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
| Amgen Inc | View profile | 26700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | https://www.amgen.com |
U.S. protein engineering market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein engineering market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 61.47% in 2023. Horizon Databook has segmented the U.S. protein engineering market based on instruments, reagents, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in government initiatives to enhance protein engineering is also one of the major factors anticipated to boost the market growth in the near future. For instance, the U.S. FDA’s Critical Path Initiative enables the inclusion of various advanced technologies into the process of drug discovery.
This initiative also transforms the way medical products are manufactured, developed, and evaluated. Thus, various initiatives being undertaken encourage the adoption of protein engineering for development of drugs and vaccines to treat diseases. Increase in collaborations among major market.
Players is also one of the factors expected to boost the market growth. For instance, in June 2019, Thermo Fisher Scientific, Inc. acquired High Chem, Ltd., which is a developer of mass spectrometry software.
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Target buyers of U.S. protein engineering market databook
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Our clientele includes a mix of protein engineering market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. protein engineering market , including forecasts for subscribers. This country databook contains high-level insights into U.S. protein engineering market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. protein engineering market size, by product, 2018-2030 (US$M)
U.S. Protein Engineering Market Outlook Share, 2023 & 2030 (US$M)
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