The Business Research Company’s Therapeutic Proteins Global Market Report 2021 – COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 25, 2021 /EINPresswire.com/ — Advanced technologies for protein-based drug development drives the therapeutic proteins market. Therapeutic proteins cannot be synthesized chemically, they need to be produced by genetic engineering and recombinant DNA technology in living cells or organisms. Protein-engineering platform technologies such as glycoengineering, pegylation, Fc-fusion, albumin fusion, albumin drug conjugation help to increase the production yield, product purity, circulating half-life, targeting, and functionality of therapeutic protein drugs. Belimumab, ipilimumab, taliglucerase alfa, albiglutide, coagulation factor IX recombinant human are some therapeutic protein drugs developed using protein engineering technologies approved by FDA in the past five years.
The global therapeutic proteins market size is expected to grow from $90.53 billion in 2020 to $98.10 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $155.06 billion in 2025 at a CAGR of 12.1%.
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TBRC’s global therapeutic proteins market report is segmented by product type into insulin, fusion protein, erythropoietin, interferon, human growth hormone, follicle stimulating hormone, by application into metabolic disorders, immunologic disorders, hematological disorders, cancer, hormonal disorders, genetic disorders, others, by function into enzymatic and regulatory activity, special targeting activity, vaccines, protein diagnostics.
Major players covered in the global therapeutic proteins industry are Abbott Laboratories, Amgen Inc., Baxter International Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd.
Therapeutic Proteins Global Market Report 2021 – By Product Type (Insulin, Fusion Protein, Erythropoietin, Interferon, Human Growth Hormone, Follicle Stimulating Hormone), By Application (Metabolic Disorders, Immunologic Disorders, Hematological Disorders, Cancer, Hormonal Disorders, Genetic Disorders), By Function (Enzymatic and Regulatory Activity, Special Targeting Activity, Vaccines, Protein Diagnostics), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides therapeutic proteins market overview, forecast therapeutic proteins market size and growth for the whole market, therapeutic proteins market segments, and geographies, therapeutic proteins market trends, therapeutic proteins market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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