Market Size of Lab Automation in Protein Engineering Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lab Automation in Protein Engineering Market Analysis
Lab automation in the protein engineering market is expected to register a CAGR of 12.4% over the forecast period. Protein engineering automation can aid scientists in deciphering and solving the mysteries of protein malfunction, such as misfolding, aggregation, and unusual movement. As a result, more effective medication discovery will be possible. One of the primary drivers for automation in the protein engineering industry is the fast-expanding demand for protein medications over non-protein pharmaceuticals and the increased prevalence of lifestyle disorders.
- Protein-energy malnutrition (PEM) is rising in emerging economies' rural communities. It refers to a collection of illnesses that includes kwashiorkor, marasmus, and marasmus-kwashiorkor transitional phases. As a result, the incidence of kwashiorkor varies by region. It is pretty uncommon in the United States. Central America, Southeast Asia, Congo, Jamaica, Puerto Rico, and South Africa are impacted. As a result, the rising frequency of protein-deficiency illnesses boosts total market demand.
- The healthcare business has been affected by a growing number of government efforts, such as sponsoring R&D for protein engineering and awareness programs. As a result, the government is funding several research initiatives ahead of time. For example, Protein Technologies Ltd (PTL) obtained money from the UK government's Technology Strategy Board (now Innovate UK) for their ground-breaking protein engineering research.
- Protein engineering also has great potential in the agrochemical business because it can lead to better-functioning enzymes, boost crop yields, or make biofuel production easier. It is also anticipated to play a vital role as a technique for achieving the higher agricultural outcomes required to satisfy future needs.
- Since the outbreak of COVID-19, labs have been turning their premises and resources into COVID-19 testing facilities, increasing automation equipment use. The University of Washington's laboratories were the first to do so. The statement came after the Broad Institute announced that its clinical processing lab would be converted into a large-scale COVID-19 testing facility.
