Recombinant proteins market could hit $200 billion by 2029

4 July 2024

The global recombinant proteins market is projected to grow from $132 billion in 2023 to $203 billion by 2029, according to a recent BCC Research study.

This growth, representing a compound annual rate of 7.5%, is driven by increasing demand for biopharmaceuticals and advancements in genetic engineering.

Key drivers include the growing investments in biopharmaceutical research and development, with a focus on developing new therapeutic proteins for treating diseases such as cancer and autoimmune disorders.

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