Published On:August 8, 2017, 5:31 pm
Bioengineering is the application of engineering technologies and method to the biology field. Proteins are bimolecular long chains of amino acids and play major role in the function of the body. Bioengineered proteins are synthesized through genetic engineering. They are also referred as a recombinant protein. Bioengineered protein drugs are practiced in the treatment of cancers, treatment of human injury, chronic diseases such as diabetes, asthma, heart disease etc. and hormonal disorders. They are also in organ transplants.
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These drugs are utilized for amendment of immune responses, via pathophysiological pathways at several levels of cells activation and adhesion. Bioengineered protein drugs are highly effective and aim specific, they are supposed to have improved pharmacokinetic and pharmacodynamic. The bioengineered protein drugs counterpart the natural biological method and hence they have lesser side effects and elevated adoption as compared to little molecule medicine.
The global bioengineered protein drugs sales market is expected to have prominent growth during the forecast period with substantial compound annual growth rate. Owing to certain advantages of bioengineered protein drugs over conventional medicines such as, lesser side effects, higher effectiveness and target orientation etc., the sales of these drugs are expected to jump rapidly which in result fuel the growth of the global market. Vast developments in biomedicines and technological advancement in medicine delivery system are propelling the growth of the market. Additionally, a rise in the incidence of chronic diseases like asthma, diabetes and severe diseases like cancer is expected to drive the growth of the global bioengineered protein drugs sales market during the forecast years. However, the constantly rising cost of the bioengineered drugs and the complication regarded in the treatment of various diseases using bioengineered protein drugs is probably to hinder the growth of the global market in near future.
The key market players in the global bioengineered protein drugs sales market are Reliance Life Science, GlaxoSmithKline plc (GSK), ProBioGen AG, Johnson & Johnson, Panacea Biotec Ltd., Merck & Co., Inc., Fresenius Kabi Oncology Limited, Novartis International AG, Biocon Limited, Dr. Reddy's Laboratories Ltd., Sanofi S.A., Bayer AG, Eli Lilly and Company, Amgen, Inc., F. Hoffmann-La Roche & Co. and Abbott Laboratories. According to product types, the market industry is split into; Monoclonal Antibodies, therapeutic Proteins, and Vaccines. By application, the global market is classified as; Pharma and Biotech Companies, CROs and Academics. Geographically, the global bioengineered protein drugs sales market is segmented into regions which are; Southeast Asia, Asia-Pacific, North America, Europe, and rest of the world.
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