Who are the key vendors in the Global Protein Therapeutics Market?

The aggressive environment of the Protein Therapeutics market is dynamic and characterised with the aid of the presence of key gamers and a dynamic interaction of innovation and strategic collaborations. The market also sees contributions from emerging biotech corporations centered on developing novel protein-based total capsules, fostering a weather of continuous studies and improvement. Strategic partnerships, mergers, and acquisitions are not unusual techniques hired to beautify product pipelines and extend market reach. Additionally, biosimilar opposition is intensifying, as businesses goal to provide cost-effective alternatives to installed protein therapeutics. 'Amgen Inc. (US)', 'AbbVie Inc. (US)', 'Roche Diagnostics (Switzerland)', 'Eli Lilly and Company (US)', 'Johnson & Johnson (US)', 'Pfizer Inc. (US)', 'F. Hoffmann-La Roche Ltd (Switzerland)', 'Novo Nordisk A/S (Denmark)', 'Merck & Co., Inc. (US)', 'Celgene Corporation (US)', 'GlaxoSmithKline PLC (UK)', 'Gilead Sciences, Inc. (US)', 'Biogen Inc. (US)', 'AstraZeneca PLC (UK)', 'Takeda Pharmaceutical Company Limited (Japan)', 'Abbott Laboratories (US)', 'Bayer AG (Germany)', 'Alexion Pharmaceuticals Inc. (US)', 'Novartis AG (Switzerland)', 'Sanofi (France)'

What is the key driver of Global Protein Therapeutics Market?

The growing prevalence of continual illnesses and complicated clinical conditions, for which protein-primarily based treatment options provide targeted and effective treatment options. The versatility of protein therapeutics, such as monoclonal antibodies and other biologics, allows precise interventions in numerous healing regions, which includes oncology, immunology, and metabolic problems. Additionally, improvements in biotechnology and genetic engineering have facilitated the development of revolutionary and stronger protein therapeutics. The growing trend closer to personalized remedy and the call for biopharmaceuticals with fewer side results similarly stimulate the adoption of protein-based totally remedies.

What is the key market trend for Global Protein Therapeutics Market?

Rising Emphasis on Personalized Medicine: The growing emphasis on personalised remedy, with a growing attention on developing focused protein therapeutics tailor-made to individual affected person profiles. The rise of subsequent-technology biologics, consisting of antibody-drug conjugates and bispecific antibodies, underscores a trend towards more potent and versatile therapeutic modalities. Furthermore, improvements in protein engineering technology are facilitating the layout of novel and optimized protein systems, enhancing healing efficacy. The exploration of opportunity management routes, which include subcutaneous and oral transport, is gaining traction, presenting progressed affected person convenience.

Which region accounted for the largest share in Global Protein Therapeutics Market?

North America is likely to dominate the Protein Therapeutics market. This dominance is attributed to the area's properly-set up biopharmaceutical industry, enormous studies and development sports, and a high incidence of chronic illnesses. The presence of key marketplace players and a robust healthcare infrastructure in addition contribute to North America's leadership within the Protein Therapeutics marketplace.

Protein Therapeutics Market Size, Share, Growth Analysis, By Product Type(Monoclonal Antibodies, Insulin, Vaccines, Growth Hormones), By Application(Oncology, Hematology, Immunology, Metabolic Disorders), By Therapeutic Area(Cancer, Diabetes, Infectious Diseases, Autoimmune Disorders), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35H2238 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 99 | Figures: 76

Protein Therapeutics Market News

In October 2023, Lumakras is the latest protein-based drug approved by the U.S. FDA for treating non-small cell lung cancer. The path-breaking monoclonal antibody is therefore well positioned in terms of targeted therapy for cancer. Thus, this demonstrates Amgen's commitment to continuing to expand its oncology pipeline.
In July 2023, Roche launched this novel protein therapy with Hemlibra, specifically for hemophilia A patients. The therapy acts as a substitute for the deficient clotting factor and will yield better results as compared to the older treatment options available. This approval reaffirms Roche's leadership in the field of innovating hematology.
In June 2023, A new invention from Johnson & Johnson is a protein-based vaccine for the Respiratory Syncytial Virus (RSV). This protein therapeutics approach is geared to help with fewer hospitalizations and severe symptoms among the most vulnerable populations. The vaccine is just the latest example of the continued effort expected from Johnson & Johnson in innovating targeted biologics for emerging infectious diseases.

Protein Therapeutics Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Protein Therapeutics Market size was valued at USD 6.57 billion in 2022 and is poised to grow from USD 6.96 billion in 2023 to USD 11.10 billion by 2031, growing at a CAGR of 6% during the forecast period (2024-2031).

The global protein therapeutics market is highly competitive, with several prominent players driving innovation and market growth. Companies in this space include many other marquee names like Amgen, Roche, Novartis, Johnson & Johnson, and AbbVie, all involved in cutting-edge development of biologics, monoclonal antibodies, and enzyme therapy products. These companies spend enormous amounts of money on research and development to enhance their portfolios to meet the future demand for increased therapeutic targeting in oncology, autoimmune or metabolic disorders applications. 'Amgen Inc. (US)', 'AbbVie Inc. (US)', 'Roche Diagnostics (Switzerland)', 'Eli Lilly and Company (US)', 'Johnson & Johnson (US)', 'Pfizer Inc. (US)', 'F. Hoffmann-La Roche Ltd (Switzerland)', 'Novo Nordisk A/S (Denmark)', 'Merck & Co., Inc. (US)', 'Celgene Corporation (US)', 'GlaxoSmithKline PLC (UK)', 'Gilead Sciences, Inc. (US)', 'Biogen Inc. (US)', 'AstraZeneca PLC (UK)', 'Takeda Pharmaceutical Company Limited (Japan)', 'Abbott Laboratories (US)', 'Bayer AG (Germany)', 'Alexion Pharmaceuticals Inc. (US)', 'Novartis AG (Switzerland)', 'Sanofi (France)'

Rising Demand for Personalized Medicine: The growing shift toward personalized medicine is driving the global protein therapeutics market trends, with therapies tailored to individual genetic profiles. This trend-potentiating treatment efficacy with least effects has increased demand and needs of advanced drugs, particularly for cancers and other autoimmune diseases, to push the application of targeted biologics and protein therapies further.

North America dominates the global protein therapeutics market due to its advanced healthcare infrastructure, robust biotechnology sector, and significant investment in research and development. Innovation-based protein therapy development and approval, commercialization mostly occurs in the U.S. This is complemented by the strong regulatory frameworks and an outsize presence of most pharmaceutical companies in the country. Chronic diseases like cancer and metabolic disorders are on the rise. Healthcare spending continues growing, and there is an increase in personalized medicine, which propels demand for protein therapeutics. Major thrusts for the region, particularly North America, are new medical research and robust healthcare reimbursement policies that keep defining leadership in the market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Protein Therapeutics Market News

Protein Therapeutics Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Protein Therapeutics Market?

Who are the key vendors in the Protein Therapeutics Market?

What is the key driver of Protein Therapeutics Market?

What is the key market trend for Protein Therapeutics Market?

Which region accounted for the largest share in Protein Therapeutics Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300