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(IT-NEWSWIRE.COM, August 29, 2017 ) The North America Protein Expression Market was worth $0.48 billion in 2016 and estimated to be growing at a CAGR of 10.20%, to reach $0.78 billion by 2021. Protein expression is the process of altering, synthesizing and controlling the proteins in living organisms.
Proteins are controlled and manufactured depending upon the practical need in the host cell. Biotechnology based companies are creating novel therapeutics with negligible side effects and thereby generating a huge market for Protein expression.
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The growth of the North America Protein Expression market is majorly driven by factors such as rise in the R&D movement in the pharma division, prospects in the field of proteomics, rising incidences of chronic diseases, and initiatives taken by the governments. Growth in the biologics market will also boost the market growth. However, issues such as high product development costs and complex Regulatory Environment are restraining the growth of the market.
The North America Protein Expression market is segmented based on Expression System, Product, Application and End User. The market for Protein Expression, on the basis of Expression System, is classified into Yeast Expression, Insect Expression, Cell-Free Expression, Bacterial Expression, Algal Expression, and Mammalian Expression. On the basis of Product, the Protein Expression market is segmented into Reagents, Services, Instruments, and Others.
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Due to the constant consumption of reagents required for the transfection and maintenance of capable host cells, reagents lead the market in the product segment, whereas the services segment of the protein expression market is anticipated to grow at the highest CAGR during the forecast period. On the basis of Application, the Protein Expression market is segmented into Industrial Proteins, Cell Culture, Research, Therapeutic Proteins, Transfection technologies & Others. On the basis of End User, the Protein Expression market is segmented into Biotechnology, Pharmaceutics, and Academia.
The North America market, which has the largest market in the world, has been geographically segmented into USA and Canada. The USA leads the market in this region with a share of around 70% of the regional market.
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The major companies dominating this market are Agilent Technologies, Life Technologies Corporation, Bio-Rad Laboratories, New England BioLabs, Merck Millipore, Takara Bio, Thermo Fisher Scientific, and Promega Corporation.
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