Protein Design and Engineering Market Anticipated for Significant Expansion- Unlocking Potential Across Industries

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Protein Design and Engineering Market Size, Share & Trends Analysis Report By Type of Protein Engineering Approach Used (Rational Designing, Directed Evolution, Semi-Rational Designing), By Protein Types (Antibodies, Peptides, Enzymes, Vaccines, Others), By Type of Application (Therapeutics, Diagnostics), By End-Users (Pharma / Biotech Firms, CROs and Research, Academic Institutes) - Market Outlook And Industry Analysis 2031"

The Global Protein Design and Engineering Market is valued at US$ 5.47 Bn in 2023, and it is expected to reach US$ 14.69 Bn by 2031, with a CAGR of 13.39% during the forecast period of 2024-2031.

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Protein design and engineering involves creating and modifying proteins to have specific, desired properties or functions. This field combines principles of biology, chemistry, physics, and computational sciences. Protein design and engineering is a biotechnology field that creates new proteins with desired functions. Proteins are the workhorses of our cells, carrying out a vast array of tasks; by understanding how proteins fold and function, scientists can design new proteins with specific properties, such as enzymes that can break down pollutants or drugs that can target particular diseases. New drugs, enzymes for gene therapy, and antibodies for targeted therapies can all be designed using protein design and engineering. Proteins can be engineered to create new biofuels, break down pollutants, and produce new materials. Crops can be engineered to be more resistant to pests and diseases or to produce higher yields. The field utilizes various tools and techniques, such as determining protein structures, evaluating large libraries of protein variants, predicting protein properties, and guiding design decisions.

The market is driven by improved computational methods and increased computing power, which enable more accurate modeling and prediction of protein structures and functions. Advanced techniques allow for the rapid testing of thousands to millions of protein variants, accelerating the identification of desired traits.

List of Prominent Players in the Protein Design and Engineering Market:

• ATUM
• Creative BioMart
• Creative Biostructure
• Creative Enzymes
• Absolute Antibody
• EUCODIS Bioscience
• Fusion Antibodies
• Innovagen
• ZYMVOL
• Averring Biotech
• EnzymeWorks
• GeNext Genomics
• Quantumzyme
• Other Prominent Players

Market Dynamics:

Drivers:

The growing need for protein-based therapeutics, such as monoclonal antibodies, enzymes, and vaccines, drives protein design and engineering innovation. Techniques like X-ray crystallography, cryo-electron microscopy, and NMR spectroscopy have provided detailed insights into protein structures, informing design strategies. Advances in understanding protein folding, stability, and dynamics guide the rational design of proteins with enhanced properties. Proteins designed for improved nutritional content, texture, and stability in food products address the growing demand for high-quality food.

Challenges:

Combining computational predictions with experimental validation requires seamless integration of data from various sources, which can be technically and logistically challenging. It can also be difficult to gain acceptance from consumers and stakeholders for products developed through protein engineering.

Regional Trends:

North America dominates the market. Home to top universities and research institutions like MIT, Stanford, and Harvard, driving innovation in protein engineering. Significant funding from agencies like the NIH, NSF, and DARPA supports research and development in protein engineering. Strong collaboration between academia, industry, and government enhances the translation of research into commercial applications. Asia Pacific is rapidly growing due to significant investment in biotechnology and protein engineering, focusing on academic research and industrial applications. A growing number of biotech companies focus on therapeutic proteins and industrial enzymes.

Recent Developments:

• In July 2022: Amgen and Generate Biomedicines collaborated to discover and develop protein therapies for five clinical targets using a variety of therapeutic areas and techniques. Amgen will pay USD 50 million upfront for the first five studies under the terms of the agreement, with future royalties potentially totaling USD 1.9 billion. This strategic endeavor allowed the firm to offer a competitive edge in the marketplace.

• In August 2021: The Leap-In Transposase platform, A creative transposon-based genome engineering tool created by ATUM (US) has expanded in scope thanks to USPTO-issued patents 11,060,098, 11,060,109, and 11,060,086. The leading provider of bioengineering solutions is ATUM (US).

• In January 2021: Practica Capital led the €500k seed fundraising round for Biomatter Designs (Lithuania), a leader in generative protein design technologies, to advance the company's product pipeline and protein design technology.

Segmentation of Protein Design and Engineering Market

By Type of Protein Engineering Approach Used

• Rational Designing
• Directed Evolution
• Semi-Rational Designing

By Protein Types

• Antibodies
• Peptides
• Enzymes
• Vaccines
• Others

By Type of Application

• Therapeutics
• Diagnostics

By End-Users

• Pharma / Biotech Firms
• CROs and Research
• Academic Institutes

By Region

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa