PEGylated proteins come in handy in augmenting drug potency by its half-life and offer a convenient cover from protein enzymatic degradation. Profound spending on the part of pharmaceutical and biotechnology companies in R&D investments, growth in biologics sector and incessant spread of lifestyle diseases is a market driver to PEGylated protein market. Restraints observed in PEGylated Proteins Market include unresponsiveness and frugality of observed market coupled with product-recall. Increasing market for protein-based drugs over non-protein drugs is driver to growth of PEGylated proteins market. Segmentation of PEGylated proteins market by product includes consumables, PEGylation kits and services. Segmentation of PEGylated proteins market by protein type constitute colony stimulating factors, interferons, erythropoietin, mAbs, recombinant factor VIII and other protein type.
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By application, PEGylated proteins industry comprises cancer treatment, hepatitis, chronic kidney diseases, hemophilia, multiple sclerosis, gastrointestinal disorders and other applications. By end-user, markets comprise pharmaceutical and biotechnology companies, CRO’s and academic research institutes. By geography, market size comprises North America, Europe, Asia pacific, MEA and Latin America. Consumable product segment accounted for large share in market revenue in PEGylated proteins industry. Growth in PEGylated proteins market is attributed to marked adoption of monoclonal antibodies, erythropoietin and interferon for treatment of chronic diseases and large-scale funding by government and grants for research.
As per news, big growth in PEGylated proteins industry is projected owing to growing government favors and collaborations between foreign bodies and local players in the region. Asia Pacific has turned into a favorable market for many big biopharma players who are setting base in Asia pacific markets with investments on a large scale in R&D wing. New reagents such as biodegradable polymers, PEG linkers offer a huge market by providing impetus in ongoing research of drug delivery technology due to capability in providing a biomaterial having amphiphilic properties.
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Increasing applications of PEGylated proteins in treating cancer, blood disorder, and chronic disease are prominent factors in PEGylated proteins market. Increasing application of new products including PEGylation reagents and kits is an area of focus in many emerging countries. North America exhibited maximum growth in PEGylated protein industry with Asia pacific constituting emerging market for PEGylated proteins industry. As per news, PEGylation is a drug delivery technique that displays association of polyethylene glycol chains (PEG) to a therapeutic protein, peptide or non-peptide molecule. PEG reagents form covalent bonds to find application in oncology, blood disorders, chronic and auto immune diseases and chronic diseases. Key players include Merck Millipore, Thermo Fischer Scientific, NOF Corporation, JenKem Technology, Creative PEGworks, Celares GmbH, Quanta Biodesign, Biomatrik, Inc., Iris Biotech GmbH, Laysan Bio, Ltd.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Colony Stimulating Factors
- Erythropoietin (EPO)
- Recombinant Factor Viii
- Monoclonal Antibodies
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of PEGylated Proteins for each application, including
- Cancer Treatment
- Chronic Kidney Disease
- Rheumatoid Arthritis & Crohn’s Disease
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