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Recombinant Proteins Market Share

Report ID: GMI9114
Published Date: Apr 2024
Report Format: PDF

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Recombinant Proteins Market Share

The recombinant proteins industry is characterized by intense competition among key players striving to improve patient outcomes and address unmet medical needs. Inorganic growth initiatives such as partnerships, mergers, and acquisitions are common strategies employed by players to expand their market presence, enhance their product portfolios, and gain a competitive advantage.

Recombinant Proteins Market Companies

Prominent players operating in the recombinant proteins industry include:

Abcam Limited
Abnova Corporation
Bio-Rad Laboratories, Inc.
Enzo Life Sciences, Inc.
GenScript Biotech Corporation
Merck KGaA
Proteintech Group, Inc.
RayBiotech, Inc.
R&D Systems, Inc.
Sino Biological, Inc.
STEMCELL Technologies Inc.
Thermo Fisher Scientific Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of recombinant proteins was reached USD 2.3 billion in 2023 and is expected to register 7.1% CAGR from 2024 to 2032, owing to the increasing demand for biopharmaceuticals and therapeutic proteins, which are essential in the treatment of various diseases worldwide.

Recombinant proteins industry from the product segment recorded USD 1.5 billion in 2023 due to the wide range of applications of recombinant proteins across various industries, including pharmaceuticals, biotechnology, and research.

North America recombinant proteins industry is expected to register 6.9% CAGR from 2024-2032 due to the presence of a robust biotechnology and pharmaceutical industry, fostering innovation and research in protein therapeutics in the region.

Enzo Life Sciences, Inc., GenScript Biotech Corporation, Merck KGaA, Proteintech Group, Inc., RayBiotech, Inc., R&D Systems, Inc., Sino Biological, Inc., STEMCELL Technologies Inc., and Thermo Fisher Scientific Inc., are some of the major recombinant proteins companies worldwide.