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Report Overview
The global protein expression market was valued at USD 3.00 Billion in 2024, with Latin America holding a significant market share. It is expected to grow at a CAGR of 5.40% during the forecast period of 2025-2034. The market is poised to secure a market value of USD 5.08 Billion by 2034, driven by the increased protein-based research and development activities across the region.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Protein Expression Market Size
The global protein expression market was valued at USD 3 billion in 2023, with Latin America holding a significant market share. It is expected to grow at a CAGR of 5.4% during the forecast period of 2024-2032. The market is poised to secure a market value of USD 4.9 billion by 2032, driven by the increased protein-based research and development activities across the region.
Latin America Protein Expression Market Outlook
- The market is anticipated to be driven by increasing technological advancements in biotechnology and product developments by researchers.
- In June 2023, researchers from the National University of Quilmes in Argentina and the Technical University of Dresden in Germany collaborated and achieved significant breakthroughs in understanding the development of insulin in the body, focusing specifically on proteins found in the pancreas. Such research driven initiatives are likely to boost the Latin America protein expression market value in the forecast period.
- In October 2023, São Paulo State University (UNESP) researchers developed an anti-inflammatory hydrogel based on a protein used in regulating inflammation. Such research initiatives are expected to boost the market growth.
Latin America Protein Expression Market Report Snapshots
Latin America Protein Expression Market Size
Latin America Protein Expression Market Analysis
Latin America Protein Expression Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Latin America protein expression market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 5.40% during the forecast period of 2025-2034 and is likely to reach a market value of USD 5.08 Billion by 2034.
The market demand is driven by the increasing prevalence of chronic diseases in the region, along with rising healthcare expenditure to improve the prevailing infrastructure.
The increasing efforts of researchers to develop new care solutions via protein expression utilisation is one of the market major market trends.
Various products in the market include expression vectors, competent cells, reagents, instruments, and services.
Protein expression find its application in industrial, research, and therapeutic domains.
Based on system type, the market is segmented into mammalian cell expression system, yeast cell expression system, and insect cell expression system.
End users in the market include academic research, contract research organizations, and pharmaceutical and biotechnology companies.
The market segmentation by countries includes Brazil, Argentina, Mexico, and others.
The key players in the market are Merck KGaA, Thermo Fisher Scientific Inc., Lonza Group AG, Agilent Technologies, Inc., New England Biolabs., Takara Bio Inc, Danaher Corporation, Promega Corporation, QIAGEN, Bio-Rad Laboratories, Inc., and GenScript Biotech Corporation.
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