Therapeutic Proteins Market Report Global Market To Reach Value Of $155 Billion In 2025

The therapeutic proteins market consists of sales of therapeutic proteins. Therapeutic proteins provide important therapies for diseases such as diabetes, cancer, infectious diseases, hemophilia, and anemia.

Global Therapeutic Proteins Market Size And Drivers:

The global therapeutic proteins market is expected to grow from $90.53 billion in 2020 to $98.1 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $155.06 billion in 2025 at a CAGR of 12.1%. Advance technologies for protein-based drug development drives the therapeutic proteins market. Therapeutic proteins cannot be synthesized chemically, they need to be produced by genetic engineering and recombinant DNA technology in living cells or organisms.

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Trends In The Global Therapeutic Proteins Market

In the United States, therapeutic protein drug manufacturers file therapeutic biologics application (BLA) to FDA for the product approvals. The drug approved through BLA should be proved as safe, pure and potent. FDA consolidated review of most therapeutic proteins in Center for Drug Evaluation and Research (CDER). In European Union, biologics are regulated by Committee for Medicinal Products for Human Use (CHMP) for marketing authorization.

Global Therapeutic Proteins Market Segments:
The global therapeutic proteins market is further segmented –
By Product Type: Insulin, Fusion Protein, Erythropoietin, Interferon, Human Growth Hormone, Follicle Stimulating Hormone
By Application: Metabolic Disorders, Immunologic Disorders, Hematological Disorders, Cancer, Hormonal Disorders, Genetic Disorders, Others
By Function: Enzymatic and Regulatory Activity, Special Targeting Activity, Vaccines, Protein Diagnostics
By Geography: The global therapeutic proteins market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. The Ghent, Belgium therapeutic proteins market accounts for the largest share in the global therapeutic proteins market.

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Therapeutic Proteins Market Report Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides therapeutic proteins market overviews, analyzes and forecasts market size and growth for the global therapeutic proteins market, therapeutic proteins market share, therapeutic proteins market players, therapeutic proteins market segments and geographies, therapeutic proteins market’s leading competitors’ revenues, profiles and market shares. The therapeutic proteins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.