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PEGylated Proteins Market: New Product Launch & Upgradation Is Lucrative Strategies Of The Global Market
Browse 87 market data tables and 65 figures spread through 176 pages and in-depth TOC on “PEGylated Proteins Market”
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Asia presents huge opportunities for the growth of PEGylated proteins owing to rising government support and increasing number of agreement & collaborations between foreign pharmaceutical companies and local research laboratories in the region. The wide applications of PEGylated proteins in treating cancer, blood disorder, chronic and autoimmune disease are driving factors of the PEGylated proteins market.
Meanwhile, growing adoption and upgradation of new products, including PEGylation reagents and kits, is a key focus area by many players in emerging countries PEGylated proteins market. The new reagents such as biodegradable polymers, PEG linkers offer significant opportunities by providing tremendous impetus on the ongoing research in the area of drug delivery technology, due to their capability to provide a biomaterial having a broad range of amphiphilic characteristics, as well as targeting the drugs to specific site.
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PEGylation is versatile drug delivery technique that shows conjugation of polyethylene glycol (PEG) polymer chains to another molecule, normally to a therapeutic protein, peptide or non-peptide molecule. PEG reagents are commercially available in different lengths, shapes, and chemistries, allowing them to react with particular functional groups of proteins for their covalent attachment. These reagents are used in various applications including oncology, blood disorders, chronic and autoimmune diseases, and viral diseases.
North America accounted for the largest share of the global PEGylated Proteins market in 2016. However, the Asian market is expected to grow at the highest rate during the forecast period and represents new revenue pockets for the PEGylated Proteins market. Asian region comprises countries such as Indonesia, Singapore, Thailand, China, India, Japan, and South Korea among others.
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However, a major part of the revenue in the Asian PEGylated protein market will be coming from Japan, China and India. As many companies are increasing R&D investment in these countries and also many big biopharma players are establishing its R&D departments in this region. In second place is North America while Europe accounted for lowest share as compared to other Asia & North America. Government support in form of grant and conferences related to therapeutic proteins is expected to be one of the major factors driving the demand for PEGylated proteins in the APAC region.
The major players in this market include Merck Millipore (U.S.), Thermo Fisher Scientific, Inc. (U.S.), NOF Corporation (Japan), JenKem Technology USA, Inc. (U.S.), Creative PEGworks (U.S), Celares GmbH (Germany), Quanta BioDesign, Ltd. (U.S.), Biomatrik, Inc, (China), Iris Biotech GmbH (Germany), Laysan Bio, Ltd. (U.S.).
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