Global Cell Free Protein Expression Market Value is Expected to Reach US$ 268.4 Million By 2024 - Persistence Market Research - Seite 2

Mammalian cell-free protein expression system segment is expected to grow with the fastest CAGR over the forecast period, owing to increasing usage of mammalian cell lysate in humanized proteomic and biologics study. The segment is expected to register a significant CAGR of 6.0% during the forecast period. Wheat germ cell-free protein expression system is also anticipated to witness a CAGR of 5.8% over the forecast period. The rapidly increasing demand for simpler, rapid and efficient protein production methods is boosting the cell-free protein expression market in research and development field.

The market has been segmented based on major applications such as enzyme engineering, protein labelling, protein-protein interaction, and protein purification. The protein-protein interaction segment is expected to register the highest CAGR of 6.0% over the forecast period due to increasing number of proteomic studies. The simple presentation of cell-free protein expression system makes it easier to integrate them into high throughput platforms for efficient biologics and proteomics studies. Cell-free protein expression systems allow protein screening without necessitating a gene-cloning step thus enabling an accelerated process/product development pipelines which makes up for attractive opportunity for market players.

Based on end users, the market has been segmented into biotechnological companies, pharmaceutical companies, contract research organizations, and academic/research institutes.  The academic/research institutes is anticipated to account for the highest market share over the forecast period, registering a CAGR of 6.1% due to vast research applications in the protein libraries generation for functional genomic studies, customized drug development studies, and the expression of virus-like particles, among many other applications.

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This report assesses trends, that drive growth of each segment on the global as well as regional levels, and offers potential takeaways, that could prove substantially useful to biopharmaceutical manufacturing companies who wish to enter into the cell free protein expression market. North America and Europe are expected to dominate the cell free protein expression market with maximum market share in 2016. North America and Europe collectively, are expected to account for more than 65% of the total cell free protein expression market share in terms of value in 2016. Among emerging markets, Asia Pacific is estimated to exhibit the highest CAGR of 6.1% over the forecast period, due to increase in the research and development expenditure in the region.