Fusion Proteins Market
Fusion Proteins Market Forecasts to 2030 - Global Analysis By Type (Immunoglobulin (Ig) Fusion Protein, Parathyroid Hormone (PTH) Fusion Protein, Cytokines Recombinant Fusion Protein and Other Types), By Application (Chimeric Protein Drugs, Biological Technology, Diagnostics, Drug Delivery and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $29.8 BN |
|
Projected Year Value (2030) |
US $45.4 BN |
|
CAGR (2023 - 2030) |
6.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Fusion Proteins Market is accounted for $29.8 billion in 2023 and is expected to reach $45.4 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Fusion proteins are artificial proteins created by joining two or more genes that code for separate proteins. These hybrid proteins serve various purposes, such as in biotechnology and medicine. In biotechnology, fusion proteins are used to produce specific proteins in large quantities for research or therapeutic purposes. They can also be utilized as molecular tags for protein purification or as tools for studying protein interactions.
According to Globocan 2020, there were 19,292,789 new cases of cancer reported, and this number is expected to increase to 28,887,940 by 2040.
Market Dynamics:
Driver:
Increasing prevalence of chronic diseases
With the growing digitization of content and distribution channels, there is a greater need to protect valuable intellectual property from cyber threats such as hacking, data breaches, and unauthorized distribution. DRM solutions offer robust encryption, access controls, and monitoring capabilities, making it harder for cybercriminals to compromise and steal sensitive content. As a result, industries like entertainment, publishing, and software development are increasingly adopting DRM technologies to safeguard their assets, ensuring content security and reducing the risk of revenue loss due to cyber attacks and piracy.
Restraint:
High development Costs
The research, development, and clinical testing required bringing fusion protein therapies to market demand substantial financial investment. These costs encompass preclinical studies, extensive clinical trials, regulatory compliance, and manufacturing infrastructure. High development expenses can be especially challenging for smaller biotech companies, potentially limiting their ability to innovate and compete. To overcome this restraint, collaboration, public-private partnerships, and funding initiatives are essential to support the research and development of fusion proteins. Additionally, cost-effective development strategies and efficient clinical trial design can help alleviate this financial burden, ultimately fostering the growth of this vital therapeutic sector.
Opportunity:
Improving drug delivery technologies
Enhanced drug delivery systems, such as nanoparticles, liposomes, and conjugates, offer the potential to optimize the administration and effectiveness of fusion protein-based therapies. These technologies can improve the stability, bioavailability, and targeted delivery of fusion proteins to specific cells or tissues, minimizing off-target effects and enhancing overall treatment outcomes. As drug delivery innovations continue to evolve, they not only expand the applicability of fusion proteins but also enhance patient compliance and comfort, making fusion protein therapies more attractive for a wide range of medical conditions and thus driving market growth and innovation.
Threat:
Safety concerns and potential side effects
Fusion proteins, like all biopharmaceuticals, can carry risks of adverse reactions or unintended consequences. Ensuring the safety profile of these therapies is crucial, as any issues can lead to regulatory setbacks, public skepticism, and market uncertainty. The rigorous evaluation and monitoring of fusion protein candidates during clinical trials are essential to mitigate these risks. Addressing safety concerns demands continuous research, pharmacovigilance, and the development of risk management strategies. Ultimately, maintaining a favorable benefit-to-risk ratio is imperative for the market acceptance and long-term success of fusion protein therapies.
Covid-19 Impact:
The COVID-19 pandemic has had mixed effects on the Fusion Proteins market. While it momentarily disrupted some clinical trials and supply chains, it also underscored the importance of biopharmaceutical research and development. Fusion proteins, being versatile candidates for therapeutic interventions, have seen increased interest in potential COVID-19 treatments and vaccine development. The pandemic has accelerated research in biotechnology, thereby indirectly benefiting the fusion proteins sector. However, the uncertainties and focus on COVID-19-related therapies temporarily diverted resources and attention from other medical conditions, impacting the overall pace of research and development in the Fusion Proteins market.
The immunoglobulin (Ig) fusion segment is expected to be the largest during the forecast period
The immunoglobulin (Ig) fusion segment is expected to have a lucrative growth. These engineered proteins combine an antibody's antigen-specific recognition with another protein or peptide of interest. They find extensive use in biopharmaceuticals, offering targeted therapies for a variety of diseases, including cancers, autoimmune disorders, and infectious diseases. Additionally, they serve as indispensable tools in diagnostics, facilitating the precise detection of specific biomarkers. Ig Fusion Proteins are at the forefront of personalized medicine, providing tailored treatment options and innovative research avenues, contributing significantly to the growth and development of the Fusion Proteins market.
The biological technology segment is expected to have the highest CAGR during the forecast period
The biological technology segment is anticipated to witness the fastest CAGR growth during the forecast period. Advances in genetic engineering, recombinant DNA technology, and protein expression systems have enabled the creation of complex fusion proteins with enhanced therapeutic properties. Biotechnology tools and techniques facilitate the precise design and modification of fusion proteins to target specific diseases and pathways. Biotech companies are continuously innovating in this field, driving the growth of fusion protein therapies. Moreover, biotechnological advancements contribute to efficient manufacturing, quality control, and the development of novel drug delivery technologies, making fusion proteins a cornerstone of modern biopharmaceutical innovation.
Region with largest share:
During the forecast period, it is expected that the North American market will continue to hold a majority of the market share due to its advanced healthcare infrastructure, robust biotechnology sector, and significant research and development activities. The United States and Canada, in particular, have been at the forefront of innovation and clinical trials for fusion protein-based therapies. These nations have well-established regulatory frameworks and supportive policies that encourage the development and commercialization of biopharmaceuticals. Additionally, the increasing prevalence of chronic diseases, a growing emphasis on personalized medicine, and substantial investment in healthcare research contribute to the region's dominance in the Fusion Proteins market.
Region with highest CAGR:
The Asia Pacific region plays a significant role in the spice rum market and is projected to have the highest CAGR over the forecast period. The region's expanding pharmaceutical and biotechnology industry, coupled with a large patient population, presents significant opportunities. Asia Pacific is witnessing increased investment in research and development, with countries like China and India becoming hubs for biopharmaceutical production. Furthermore, the prevalence of chronic diseases is on the rise, driving the demand for innovative therapies, including fusion proteins. Asia Pacific's potential for market growth, clinical trials, and manufacturing capabilities make it a key focus for global biopharmaceutical companies aiming to tap into the region's expanding healthcare market.
Key players in the market
Some of the key players in Fusion Proteins market include Abnova, Roche, Chimerigen, Peprotech, Amgen Science, Astellas Pharma, Bristol-Myers Squibb, ProSpec, Viventia, Genzyme, Ligand Pharmaceuticals, Novus, Regeneron, Origene and Absolute Antibody.
Key Developments:
In August 2022, Amgen Inc. and Teneobio Inc. announced a deal in which Amgen would acquire Teneobio, which is a privately owned clinical-stage biotechnology firm focusing on a novel class of biologics known as Human Heavy-Chain Antibodies. Amgen's capabilities to develop advanced medicine in treating patients with severe diseases and commercialize best-in-class products will be strengthened by the acquisition of Teneobio.
In July 2022, Formation Biologics Inc., which is a protein engineering business specializing in biotherapeutics for cancer and fibrotic disorders was acquired by Bristol-Myers Squibb Company. Bristol-Myers Squibb acquired Forbius' TGF-beta program, including the lead experimental option, AVID200, as part of the acquisition. Primarily, Bristol-Myers Squibb intends to focus on AVID200 R&D in cancer detection, with the possibility of broadening its application to other therapeutic areas such as fibrosis.
Types Covered:
• Immunoglobulin (Ig) Fusion Protein
• Parathyroid Hormone (PTH) Fusion Protein
• Cytokines Recombinant Fusion Protein
• Other Types
Applications Covered:
• Chimeric Protein Drugs
• Biological Technology
• Diagnostics
• Drug Delivery
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fusion Proteins Market, By Type
5.1 Introduction
5.2 Immunoglobulin (Ig) Fusion Protein
5.3 Parathyroid Hormone (PTH) Fusion Protein
5.4 Cytokines Recombinant Fusion Protein
5.5 Other Types
6 Global Fusion Proteins Market, By Application
6.1 Introduction
6.2 Chimeric Protein Drugs
6.3 Biological Technology
6.4 Diagnostics
6.5 Drug Delivery
6.6 Other Applications
7 Global Fusion Proteins Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Abnova
9.2 Roche
9.3 Chimerigen
9.4 Peprotech
9.5 Amgen Science
9.6 Astellas Pharma
9.7 Bristol-Myers Squibb
9.8 ProSpec
9.9 Viventia
9.10 Genzyme
9.11 Ligand Pharmaceuticals
9.12 Novus
9.13 Regeneron
9.14 Origene
9.15 Absolute Antibody
List of Tables
1 Global Fusion Proteins Market Outlook, By Region (2021-2030) ($MN)
2 Global Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
3 Global Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
4 Global Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
5 Global Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
6 Global Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
8 Global Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
9 Global Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
10 Global Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
11 Global Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
12 Global Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
13 North America Fusion Proteins Market Outlook, By Country (2021-2030) ($MN)
14 North America Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
15 North America Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
16 North America Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
17 North America Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
18 North America Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
19 North America Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
20 North America Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
21 North America Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
22 North America Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
23 North America Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
24 North America Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
25 Europe Fusion Proteins Market Outlook, By Country (2021-2030) ($MN)
26 Europe Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
27 Europe Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
28 Europe Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
29 Europe Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
30 Europe Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
31 Europe Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
32 Europe Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
33 Europe Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
34 Europe Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
35 Europe Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
36 Europe Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
37 Asia Pacific Fusion Proteins Market Outlook, By Country (2021-2030) ($MN)
38 Asia Pacific Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
39 Asia Pacific Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
40 Asia Pacific Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
41 Asia Pacific Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
42 Asia Pacific Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
43 Asia Pacific Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
44 Asia Pacific Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
45 Asia Pacific Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
46 Asia Pacific Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
47 Asia Pacific Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
48 Asia Pacific Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
49 South America Fusion Proteins Market Outlook, By Country (2021-2030) ($MN)
50 South America Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
51 South America Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
52 South America Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
53 South America Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
54 South America Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
55 South America Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
56 South America Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
57 South America Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
58 South America Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
59 South America Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
60 South America Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
61 Middle East & Africa Fusion Proteins Market Outlook, By Country (2021-2030) ($MN)
62 Middle East & Africa Fusion Proteins Market Outlook, By Type (2021-2030) ($MN)
63 Middle East & Africa Fusion Proteins Market Outlook, By Immunoglobulin (Ig) Fusion Protein (2021-2030) ($MN)
64 Middle East & Africa Fusion Proteins Market Outlook, By Parathyroid Hormone (PTH) Fusion Protein (2021-2030) ($MN)
65 Middle East & Africa Fusion Proteins Market Outlook, By Cytokines Recombinant Fusion Protein (2021-2030) ($MN)
66 Middle East & Africa Fusion Proteins Market Outlook, By Other Types (2021-2030) ($MN)
67 Middle East & Africa Fusion Proteins Market Outlook, By Application (2021-2030) ($MN)
68 Middle East & Africa Fusion Proteins Market Outlook, By Chimeric Protein Drugs (2021-2030) ($MN)
69 Middle East & Africa Fusion Proteins Market Outlook, By Biological Technology (2021-2030) ($MN)
70 Middle East & Africa Fusion Proteins Market Outlook, By Diagnostics (2021-2030) ($MN)
71 Middle East & Africa Fusion Proteins Market Outlook, By Drug Delivery (2021-2030) ($MN)
72 Middle East & Africa Fusion Proteins Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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