Protein Therapeutics Market to Grow at a CAGR of Around 6% from 2021 to 2026

Strategic Insights -

The global protein therapeutics market has exhibited moderate growth during 2015-2020, with an expected growth rate of around 6% during 2021-2026. The increasing prevalence of chronic medical ailments, rising awareness about protein therapeutics, and the development of novel recombinant proteins are driving the market growth. The COVID-19 pandemic has provided growth opportunities to market players, with companies like Molecular Partners AG developing new protein therapeutics to inhibit the proliferation of the virus.

Key Takeaways:

  • The global protein therapeutics market is expected to grow at a CAGR of around 6% during 2021-2026.
  • The market exhibited moderate growth during 2015-2020.
  • Protein therapeutics are artificially synthesized protein-based medicines that deliver small protein molecules to the body in a specific amount.
  • Recombinant forms of naturally occurring proteins, such as monoclonal antibodies, insulin, fusion proteins, erythropoietin, and interferon, are used in protein therapeutics.
  • The increasing prevalence of chronic medical ailments, such as cancer, diabetes, neurodegenerative disorders, and immunological, hematological, hormonal, and genetic disorders, is driving the growth of the protein therapeutics market.
  • Monoclonal antibodies are being widely researched and used for the treatment of various viral and bacterial diseases.
  • Pharmaceutical companies are using protein therapeutics for drug discovery and development.
  • The COVID-19 pandemic has provided growth opportunities to market players, such as Molecular Partners AG, which is developing new protein therapeutics to inhibit the proliferation of the virus.
  • The development of novel recombinant proteins, peptides, antibody-based drugs, and plasma proteins is acting as a growth-inducing factor.
  • Extensive research and development (R&D) activities in the field of protein engineering and significant improvements in the healthcare infrastructure are expected to drive the market further.
  • The global protein therapeutics market is expected to reach $[insert value] by 2026.

Statistics:

  • The global protein therapeutics market exhibited moderate growth during 2015-2020.
  • The market is expected to grow at a CAGR of around 6% during 2021-2026.
  • The global protein therapeutics market is expected to reach $[insert value] by 2026.
  • The increasing prevalence of chronic medical ailments is driving the growth of the protein therapeutics market.
  • The rising awareness among the masses regarding the benefits of protein therapeutics is contributing to the market growth.

Sources:

  • "Protein Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report by ResearchAndMarkets.com
  • M2 PressWIRE, "Outlook on the Protein Therapeutics Global Market to 2026 - by Product, Therapy Area, Function and Region"