LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global protein crystallization and crystallography market to grow at a CAGR of close to 10% during the forecast period, according to their latest market research report.
The emergence of automated protein crystallization is one of the major trends being witnessed in the global protein crystallization and crystallography market 2018-2022. Many technological advances in protein crystallization techniques have emerged over a period. This is primarily because many pharmaceutical and biotechnology companies have invested significantly in R&D. Automation in liquid handling process for crystallization is one of the significant trends in the market, which is rapidly increasing the efficiency and outcome of the crystallization process.
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According to Technavio analysts, one of the key factors contributing to the growth of the global protein crystallization and crystallography market is the increasing incidences of diseases propelling the demand for novel protein therapeutics:
Global protein crystallization and crystallography market: Increasing incidences of diseases propelling the demand for novel protein therapeutics
Growing chronic diseases have increased the demand for novel therapeutics. This will further increase the demand for protein crystallization and crystallography during the forecast period. Protein engineering is highly used for the drug production of a wide variety of health conditions including genetic disorders.
According to a senior analyst at Technavio for research on orthopedics and medical devices, “The rising number of chronic diseases are prompting the pharmaceutical companies across the world to increase medicine manufacturing and research centers. This will propel the growth of the protein crystallization and crystallography market during the forecast period.”
Global protein crystallization and crystallography market: Segmentation analysis
The global protein crystallization and crystallography market research report provides market segmentation by product (reagents and instruments), by end-user (pharma, biotech, and others), and by region (the Americas, EMEA, and APAC). It also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The reagents segment held the largest market share in 2017, contributing to almost 81% of the market. This product segment will continue to dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for more than 43% share, followed by EMEA and APAC respectively. The region is expected to continue to dominate the market during the forecast period.
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Market Landscape
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- Market characteristics
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Market Sizing
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Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
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- Competitive scenario
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