PROTEIN ENGINEERING MARKET ANALYSIS

The anticipated hindrance to the growth of the global protein engineering market stems from the high production costs associated with therapeutic proteins. For example, the development expenses for therapeutic proteins are considerable, and the computational expenses can deter some experts from utilizing this approach in the design process. Consequently, alternative methods are often employed for therapeutic protein development. Moreover, the scarcity of proficient professionals is expected to impede the expansion of the global protein engineering market. Despite substantial investments in the protein engineering sector, there remains a shortage of skilled workforce in both developed and developing nations. Advanced protein engineering technologies, for instance, demand adept technicians to navigate them effectively.

Market Opportunities: Growing focus on protein-based drug development

The growing focus on protein-based drug development offers significant growth opportunities in the protein engineering market. Collaborations like that between Amgen and Generate Biomedicines demonstrate this potential. Additionally, government funding and initiatives, such as those by NIST, further bolster market growth by ensuring safe and cost-effective drug manufacturing. Proteins can also be designed for industrial applications in agriculture, manufacturing, and materials science. As biotechnology continues advancing, the potential uses for engineered proteins across many sectors are growing rapidly.