Rising Demand Drives Protein Therapeutics Market Healthy Growth by 2022
Chicago, IL -- (SBWIRE) -- 06/20/2017 -- According to the report, "Protein Therapeutics Market, by Therapeutic Proteins (Monoclonal Antobodies (mAbs), Erythropoietin (EPO), Insulin, Interferon (IFN), Human Growth Hormone (HGH), Follicle Stimulating Hormone (FSH), Blood Clotting Factors) – Global Revenue, Trends, Growth, Share, Size, and Forecast To 2022", the market for protein therapeutics is set to grow at an impressive rate during the forecast period.
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Protein therapeutics market is set to grow in the forecast period as its demand is increasing and there's increase in the investment on this market. Protein therapeutics is helpful in rare, life-threatening, and genetic diseases. North America and Europe are the top consumers of protein therapeutics because of better healthcare infrastructure and rise of chronic diseases among their citizens. Asia-Pacific is supposed to have a good growth rate in future for the protein therapeutics market because of large population and improving income levels.
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1. The key reasons for the growth of protein therapeutics market are favorable regulations, technological advancements in the field of healthcare, increasing geriatric population, and increase in the chronic diseases such as diabetes, cancer, and cardiovascular diseases.
2. Rise in the government expenditure on healthcare in developing economies is one of the key growth opportunities in the protein therapeutics market.
3. However, the protein therapeutics market will be hampered by the cost of production and the side effects.
KEY MARKET PLAYERS
Key players in the protein therapeutics market include:
2.Johnson & Johnson
3.Eli Lilly & Company
5.Group Biogen Idec Inc.
7.Merck Serono S.A.
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