According to a new report published by UnivDatos Markets Insights, the Protein Therapeutics Market is expected to grow at a CAGR of around 6.3% from 2022-2028. The analysis has been segmented into Type (Monoclonal Antibodies, Insulin, Fusion Protein, Erythropoietin, Interferon, Others); Application (Cancer, Metabolic Disorders, Immunologic Disorders, Hematological Disorders, Others); Protein Function (Enzymatic and Regulatory Activity, Special Targeting Activity, Vaccines, Others); End User (Hospitals and Clinics, Specialty Centers, Others); Region/Country.
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The protein therapeutics market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the protein therapeutics market. The protein therapeutics market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the protein therapeutics market at the global and regional levels.
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Market Overview
The global protein therapeutics market is uplifting on account of the growing number of chronic diseases globally. Genetically engineered proteins can be designed to closely resemble the natural proteins they replace or they can be enhanced by the addition of sugars or other molecules that extend the protein's activity duration. They can be used to treat a variety of diseases such as cancer, metabolic, immunological, hematological, hormonal, genetic, infectious diseases, and others. According to the National Institute of Environmental Health Sciences, around 24 million people in the United States from autoimmune diseases.
Therapeutic proteins are medicines that are genetically engineered versions of naturally occurring human proteins. The rise in prevalence of chronic diseases, increase in geriatric population, development of plasma-derived therapies, increasing awareness for protein-based therapeutics, and surge in strategic developments will drive the market.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry. A huge number of clinics and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. For instance, Molecular Partners AG, a Switzerland-based clinical-stage biotechnology company, is developing a new class of protein therapeutics, called DARPin®, to inhibit the proliferation of the virus.
The global protein therapeutics market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on application, the market is categorized into cancer, metabolic disorders, immunologic disorders, hematological disorders, and others. Among these, metabolic disorders are expected to witness the highest CAGR during the forecast period. A metabolic disorder is a group of conditions that together raise the risk of coronary heart disease, diabetes, stroke, and other serious health problems. Thus, Therapeutics protein refers to the ongoing biochemical processes that maintain the functioning of living organisms.
· Based on protein function, the market is categorized into enzymatic and regulatory activity, special targeting activity, vaccines, and others. Among these, enzymatic and regulatory activity is expected to witness the highest CAGR during the forecast period. Therapeutic proteins with enzymatic or regulatory activity. These proteins replace a protein that is deficient or abnormal, up-regulate an existing pathway, or provide a new function or activity.
• Based on end-user, the market is categorized into hospitals and clinics, specialty centers, and others. Among these, hospitals and clinics are expected to witness the highest CAGR during the forecast period. The use of therapeutic proteins for manufacturing vaccines as they provide defense against autoimmune diseases, foreign agents, and cancer is likely to promote the market. Also, The hospitals and clinics are estimated to add to the growing need for protein therapeutics products which is expected to drive the growth of this segment.
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Protein Therapeutics Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market adoption of protein therapeutics, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America accounted for a prominent share of the global protein therapeutics market and is expected to grow at a significant growth rate during the forecast period owing to the quick adoption of protein therapeutics technologies along with the increasing prevalence of chronic disorders, cancer, and autoimmune deficiency disorders which focus towards protein therapeutics. As per NCBI, autoimmune diseases are the third most common category of disease in the United States after cancer and heart disease; they affect approximately 5%–8% of the population or 14–22 million persons. Moreover, an increase in healthcare expenditure and approval of new products are expected to further drive the market growth during the forecast period In addition, the major companies operating in North America realized the benefit of using protein therapeutics at an earlier stage.
The major players targeting the market include
· Abbott Laboratories
· Amgen Inc.
· Baxter International Inc.
· Eli Lilly And Company
· F. Hoffmann La Roche Ltd
· Johnson and Johnson
· Merck and Co., Inc.
· Novo Nordisk AS
· Pfizer Inc.
· Sanofi
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the protein therapeutics market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the protein therapeutics market?
• Which factors are influencing the protein therapeutics market over the forecast period?
• What are the global challenges, threats, and risks in the protein therapeutics market?
• Which factors are propelling and restraining the protein therapeutics market?
• What are the demanding global regions of the protein therapeutics market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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