Data Bridge Market Research analyses that the Global Protein Therapeutics Market which was USD 115.17 Billion in 2022 is expected to reach USD 290.74 Billion by 2030 and is expected to undergo a CAGR of 6.68% during the forecast period of 2022 to 2030. Protein Therapeutics Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Protein Therapeutics Market Segmentation Analysis
Global Protein Therapeutics Market, By Product (Monoclonal Antibodies, Insulin, Fusion Protein, Erythropoietin, Interferon, Human Growth Hormone, Follicle Stimulating Hormone), Application (Metabolic Disorders, Immunologic Disorders, Hematological Disorders, Cancer, Hormonal Disorders, Genetic Disorders, Others), End User (Pharmaceutical companies, Healthcare Service Providers, Research Organizations and Academic Research Institutes), Function (Vaccines, Enzymatic and Regulatory, Protein Diagnostics) – Industry Trends and Forecast to 2030.
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Which are the top companies operating in the Protein Therapeutics Market?
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**Segments**
- On the basis of product type, the protein therapeutics market can be segmented into monoclonal antibodies, insulin, fusion proteins, erythropoietin, interferons, human growth hormones, and others. Monoclonal antibodies segment is expected to witness significant growth during the forecast period due to the increasing use of these antibodies in various therapeutic areas such as oncology, autoimmune diseases, and infectious diseases.
- By application, the market can be categorized into oncology, metabolic disorders, immunologic disorders, hematological disorders, cardiovascular disorders, neurological disorders, and others. The oncology segment is anticipated to dominate the market owing to the rising prevalence of cancer globally and the increasing adoption of protein-based therapies for cancer treatment.
- Based on end-user, the protein therapeutics market can be divided into hospitals, clinics, research institutes, and biotechnology companies. The hospitals segment is projected to hold a substantial market share as these healthcare facilities are the primary point of care for patients requiring protein therapeutics.
**Market Players**
- Some of the key players in the protein therapeutics market include Amgen Inc., F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, Sanofi, Johnson & Johnson Services, Inc., AstraZeneca, AbbVie Inc., Merck & Co., Inc., copyright Inc., and Eli Lilly and Company. These companies are focusing on research and development activities to introduce novel protein therapeutics and expand their product portfolios.
- Emerging players such as Biocon, Incyte Corporation, BeiGene, Ltd., and Symphogen are also making significant contributions to the market by developing innovative protein-based therapies for various diseases. Strategic collaborations, partnerships, and acquisitions are common strategies adopted by market players to strengthen their market position and gain a competitive edge in the protein therapeutics market.
The protein therapeutics market is poised for substantial growth in the coming years, driven by increasing investments in research and development activities, the rising prevalence of chronic diseases,The protein therapeutics market is experiencing a robust growth trajectory with a diverse range of segments that cater to specific product types, applications, and end-users. Monoclonal antibodies, insulin, fusion proteins, erythropoietin, interferons, human growth hormones, and others constitute the product type segment, among which monoclonal antibodies are projected to witness significant growth. The increasing utilization of monoclonal antibodies in therapeutic areas such as oncology, autoimmune diseases, and infectious diseases is driving this growth trend. Within the application segment, oncology holds a dominant position due to the escalating prevalence of cancer worldwide and the escalating shift towards protein-based therapies for cancer treatment.
End-users in the protein therapeutics market include hospitals, clinics, research institutes, and biotechnology companies, with hospitals anticipated to command a substantial market share. Hospitals serve as the primary point of care for patients requiring protein therapeutics, thereby driving the demand in this segment. In terms of market players, established companies like Amgen Inc., F. Hoffmann-La Roche Ltd, Novo Nordisk A/S, and Sanofi are at the forefront, leveraging research and development initiatives to introduce novel protein therapeutics and expand their product portfolios. Additionally, companies like Johnson & Johnson Services, Inc., AstraZeneca, AbbVie Inc., Merck & Co., Inc., copyright Inc., and Eli Lilly and Company are also key players driving market growth through strategic approaches like partnerships, collaborations, and acquisitions.
Moreover, emerging players such as Biocon, Incyte Corporation, BeiGene, Ltd., and Symphogen are making notable contributions to the market by developing innovative protein-based therapies for various diseases. These companies are instrumental in shaping the competitive landscape of the protein therapeutics market and fostering innovation in therapeutic approaches. The market's growth is further supported by increasing investments in research and development activities, the prevalence of chronic diseases, and the growing emphasis on personalized medicine. Strategic initiatives undertaken by market players to fortify their market positions.
**Market Players**
- Abbott (U.S.)
- Amgen Inc. (U.S.)
- Baxter (U.S.)
- Eli Lilly and Company (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Johnson & Johnson Services, Inc. (U.S.)
- Merck KGaA (Germany)
- Novo Nordisk A/S (Denmark)
- copyright Inc. (U.S.)
- Sanofi (France)
- AstraZeneca (U.K.)
- Boehringer Ingelheim International GmbH (Germany)
- Teva Pharmaceutical Industries Ltd (Israel)
- Kyowa Kirin Co., Ltd. (Japan)
- AbbVie Inc. (U.S.)
- Generex Biotechnology Corp. (U.S.)
- CSL (Australia)
- Biogen Inc. (U.S.)
- Genentech, USA Inc. (U.S.)
- Bristol-Myers Squibb Company (U.S.)
The protein therapeutics market is witnessing significant growth propelled by various factors such as escalating investments in research and development, a surge in chronic diseases globally, and the increasing focus on personalized medicine. The market segments based on product type, application, and end-user play a crucial role in shaping the industry landscape. Monoclonal antibodies are poised for substantial growth within the product type segment, driven by their widespread use in therapeutic areas like oncology, autoimmune diseases, and infectious diseases. The dominance of the oncology application segment is attributed
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