Noida, India (PressExposure) September 05, 2009 -- Advancements in drug delivery methods and increasing prevalence of chronic disease have led the growth of protein therapeutics market in an effective manner. With rising demand for innovative protein therapeutics globally, investors have shown huge interest in the market. Our new research study âGlobal Protein Therapeutics Market Analysisâ also anticipates that the protein therapeutics market worldwide will grow at a CAGR of over 11% to post a value of around US$ 118 Billion, ranking it one of the highest growing segments of pharmaceutical market.
According to our study, Monoclonal Antibody holds nearly half of the market share and this segment will continue to grow at a fast rate in future as well. Various factors, such as ageing population, increasing prevalence of chronic diseases, increasing penetration of health insurance, have strongly boosted the protein therapeutics market. Besides, Erythropoietin market represents another major segment of the market. At present, it holds around 14% of total therapeutics market and is expected to retain its share In future.
We have found that marketed protein-based therapeutics are characterized by high prices owing to the high costs involvement in research and developments of new therapeutics. In this regard, our research indicates that there are several âme-too productsâ with virtually no difference in technology at various development phases worldwide. Once these products will be through the development process, the world will witness price-based competition in protein therapeutics market.
A Research Analysts at RNCOS said, âSeveral steps should be taken by governments to remove complexities in the approval system and to promote investment in dedicated research and development.â
âGlobal Protein Therapeutics Market Analysisâ analyzes the key markets and segments of the Industry to give a brief about its future scenario. Besides, the report provides rationale analysis and forecast for various segments and sectors of the industry. It also discusses the factors fueling growth in the protein therapeutics market along with the challenges working as restraints for the industry.
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