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(MoneyNewsWire.Net, April 18, 2018 ) The Asia Pacific Protein Therapeutics market size was around USD 28.2 billion in 2017. It is expected to grow at a CAGR of 7.3% to reach USD 40.11 billion by 2022. It captures 20% of the global market.
Protein therapeutics is most often employed in the treatment of chronic ailments like cancer etc. This market has a huge potential in the coming years.
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Increasing number of people suffering from chronic diseases coupled with rapid advancements in the medical sciences resulting in the development of plasma based therapies are driving the growth of this market.
On the other hand, vague government policies and cumbersome administrative framework conjoined with the heavy cost of this treatment are inhibiting market growth.
The market has been segregated into three categories namely - by product, by application and by therapeutic modalities. Classification by product entails Interferon, Human Growth Hormone, Insulin, Fusion Protein, Follicle Stimulating Hormone, and Monoclonal Antibodies, Erythropoietin. In 2016, Monoclonal antibodies captured the largest market share. It is projected to remain the top leading segment in the forecast period. It is also the market sub-segment which is anticipated to undergo fastest growth till 2022. Classification by application entails Cancer, Hormonal Disorders, Immunologic Disorders, Haematological Disorders, Metabolic Disorders, Genetic Disorders, and Others. In 2016, metabolic disorders accounted for the highest market share. However, cancer market sub-category is predicted to grow the fastest in the forecast period. Classification by therapeutic modalities entails Protein therapeutics with special targeting activity, Protein diagnostics, Protein vaccines, and Protein therapeutics with enzymatic or regulatory activity.
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Classification by geography entails India, China, Korea, Japan and others. However, growing awareness about these novel treatment methods in the emerging economies makes it likely that Asia Pacific will grow with the highest CAGR in the forecast period. China leads the market in this region.
Key players in the market are Baxter International Inc., Eli Lilly and Company, Abbott Laboratories, Amgen Inc., F. Hoffmann-La Roche Ltd. Other players in the market are Novo Nordisk A/S, Pfizer Inc., Johnson & Johnson, Merck & Co., Inc., and Sanofi.
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