PUBLISHER: The Business Research Company | PRODUCT CODE: 1666437
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666437
Bioengineered protein drugs encompass medications manufactured using laboratory techniques involving living cells, leveraging biological processes and protein molecules. This methodology enables precise manipulation of mechanical and stimuli-responsive characteristics, ensuring high purity and consistent molecular weight, thereby mitigating adverse effects.
The primary categories of bioengineered protein drugs include recombinant proteins, vaccines, peptide antibiotics, therapeutic enzymes, among others. Recombinant proteins are generated via genetic engineering methods, where genes encoding desired proteins are inserted into organisms such as bacteria or yeast. These proteins are produced utilizing diverse technologies such as bioreactors, microbial cell fermentation, fractionation, genetically modified organisms, genetic engineering, pharmacology, cell culture, among others, employed by pharmaceutical firms, contract research organizations, research institutes, and biotech companies. These bioengineered proteins find application in treating a spectrum of diseases, encompassing autoimmune, cardiovascular, congenital, infectious, oncological, diabetic, arthritic, and other conditions.
The bioengineered protein drugs market research report is one of a series of new reports from The Business Research Company that provides bioengineered protein drugs market statistics, including global market size, regional shares, competitors with a bioengineered protein drugs market share, detailed bioengineered protein drugs market segments, market trends and opportunities, and any further data you may need to thrive in the bioengineered protein drugs industry. This bioengineered protein drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bioengineered protein drugs market size has grown strongly in recent years. It will grow from$406.39 billion in 2024 to $439.29 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased understanding of diseases, regulatory approvals, rising prevalence of chronic diseases, collaborations and partnership, market expansion
The bioengineered protein drugs market size is expected to see strong growth in the next few years. It will grow to $604.42 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to personalized medicine trends, expanding therapeutic applications, emerging markets, focus on rare diseases, healthcare infrastructure development. Major trends in the forecast period include advancements in protein engineering, increased focus on monoclonal antibodies, personalized medicine and targeted therapies, emergence of next-generation biologics, manufacturing process optimization.
The rising prevalence of chronic diseases is projected to drive the growth of the bioengineered protein drug market in the future. Chronic diseases are defined as illnesses that persist for a year or longer, necessitate continuous medical care, and limit daily physical activities. Bioengineered protein drugs are utilized for treating chronic diseases, employing designer protein therapies in oncology and regenerative medicine through combinatorial and logical methodologies. For instance, in September 2022, the World Health Organization (WHO) reported in its 2022 Highlights that there were 41 million deaths annually worldwide due to noncommunicable diseases (NCDs), which account for 74% of global deaths. Among these, 17.9 million deaths were attributed to cardiovascular diseases, 9.3 million to cancer, 4.1 million to chronic respiratory diseases, and 2.0 million to diabetes. Thus, the increasing incidence of chronic diseases is fueling the growth of bioengineered protein drugs.
The increasing healthcare expenditure is projected to drive the growth of the bioengineered protein drugs market in the future. Healthcare expenditure refers to the total monetary amount spent on healthcare goods and services over a specific period, including costs associated with medical treatments, medications, hospital care, and other health-related services. Bioengineered protein drugs offer targeted and innovative therapies that contribute to the overall healthcare expenses related to medications, hospital care, and various health services. The rising utilization of bioengineered protein drugs leads to an increase in overall healthcare spending. For example, in November 2022, the Canadian Institute for Health Information (CIHI) forecasted that total health spending in Canada would increase by 0.8%, rising from $328 billion in 2021 to $331 billion in 2022. Therefore, the growth in healthcare expenditure is driving the bioengineered protein drugs market.
Major companies in the bioengineered protein drug market are increasingly forming strategic partnerships to deliver essential bioengineered protein drugs to businesses and governments. Strategic partnerships involve companies utilizing each other's strengths and resources to achieve mutual benefits and success. For example, in June 2023, Future Fields, a biotechnology company based in Canada, collaborated with Jenthera Therapeutics, another Canadian biotech firm focused on creating innovative therapies for rare and complex diseases. Through this partnership, they aim to develop a novel cancer-fighting protein using Future Fields' EntoEngine platform, which is designed for cost-effective and sustainable mass production.
Major companies in the bioengineered protein drugs market are concentrating on developing innovative solutions, such as tissue therapeutics platforms, to meet the unmet needs in regenerative medicine. A tissue therapeutics platform is a technology designed for the creation of bioengineered tissues that can be used in regenerative medicine. For example, in April 2022, Satellite Bio, a U.S.-based developer of therapeutic platforms, introduced the Satellite Adaptive Tissue (SAT) platform. This innovative tissue therapeutics technology utilizes the SAT platform to produce bioengineered tissues. The goal of these implantable therapies is to repair, restore, or replace dysfunctional organs.
In September 2024, Ligand Pharmaceuticals Inc., a biopharmaceutical company based in the United States, acquired Apeiron Biologics for $100 million. This acquisition is intended to enhance Ligand's portfolio by providing royalty rights to Qarziba (dinutuximab beta), the sole approved immunotherapy for high-risk neuroblastoma, which is currently available in more than 35 countries. Apeiron Biologics AG is an Austria-based biotechnology company dedicated to developing innovative immunotherapies for treating cancer and other diseases.
Major companies operating in the bioengineered protein drugs market include Abbvie Inc., Amgen Inc., Astrazeneca PLC, Bayer HealthCare Pharmaceuticals LLC, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Novo Nordisk A/S, Sanofi S.A., Grifols S.A., Adma Biologics Inc., CSL Limited, Abbott Laboratories, Baxter International Inc., Fresenius Kabi AG, Merck & Co. Inc., Pfizer Inc., Biogen Inc., Bristol-Myers Squibb Company, Genentech Inc., Lonza Group AG, MedImmune LLC, Regeneron Pharmaceuticals Inc., Shire plc., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Shanghai United Cell Biotechnology Co. Ltd., Panacea Biotec Ltd.
North America was the largest region in the bioengineered protein drugs market in 2024. The regions covered in the bioengineered protein drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the bioengineered protein drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The bioengineered protein drugs market consists of sales of cytokines, peptide antibiotics, monoclonal antibodies, replacement proteins, and blood products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bioengineered Protein Drugs Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bioengineered protein drugs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bioengineered protein drugs ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bioengineered protein drugs market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.