Protein Engineering Market Size, Share, Growth Analysis, By Product(Instruments, Reagents, and Software & Services), By Technology(Rational Protein Design, Directed Evolution, Hybrid Approach, De Novo Protein Design), By Protein Type(Insulin, Monoclonal Antibodies, Vaccines, Growth Factors), By End-User(Academic Research Institutes, Contract Research Organizations, and Pharmaceutical & Biotechnology Companies), By Region - Industry Forecast 2024-2031

High investments in medical R&D and presence of a developed healthcare infrastructure help North America to maintain a top spot in the global protein engineering market. Rising demand for personalized medicine and advancements in protein engineering technologies are also helping create new business scope in this region. Canada and the United States are forecasted to be the leading revenue generators for protein engineering providers operating in this region. High investments in medical R&D by governments in this region will also promote the demand for protein engineering going forward. Moreover, the presence of top pharmaceutical and biotechnology companies in this region will also help the dominance in the long run.

Meanwhile, the demand for protein engineering in the Asia Pacific region is slated to increase at a robust pace across the study period and beyond. Growing investments in healthcare infrastructure development, rising prevalence of chronic disorders, and growing demand for advanced healthcare technologies and products are slated to create new opportunities for protein engineering providers in Asia Pacific. India, China, and Japan will be the most rewarding markets for protein engineering companies operating in this region. Growing diabetic population and rising geriatric population will also create new business scope for protein engineering market players in the long run.