Triton Market Research’s report on the Latin American protein expression market illustrates that the industry is anticipated to proliferate at a CAGR of 9.54%, in terms of revenue, during the forecasted period 2019-2028.
The countries reviewed in the Latin American protein expression market are:
• Mexico
• Brazil
• Rest of Latin America
In Brazil, the protein expression market is majorly driven by the presence of a number of laboratories involved in proteomics and the protein expression market. For example, the key academic institutions engaged in the development of proteins include Laboratory for Proteomics and LEP (Protein Engineering Laboratory). These educational centers are constantly involved in R&D activities in the field of protein engineering. During 2012-2016, the institutions mentioned, published over 500 papers about developments, hindrances and potential applications of proteomics. Brazil is a leading country for genome-based research studies. The FAPESP (Sao Paolo Research Foundation), a highly recognized organization, offered an investment of around $680 million, to several research centers in Brazil. These initiatives are expected to push the growth of the protein expression market in the country.
Mexico has been continuously strengthening its positioning in the global pharmaceutical sector. It is reported that the pharmaceutical market of Mexico is among the top 12 globally, owing to its stable economy, upper-middle-income and minimum healthcare costs, as compared to other countries. With a strong economic and demographic standpoints, the country continues to offer lucrative opportunities for global pharmaceutical investors. As the protein expression market finds its applications in this sector, the growth of the pharmaceutical industry will boost the growth of the studied market in the region.
Merck KGaA is a global pharmaceutical and life sciences company involved in the areas of allergen immunotherapy, fertility, endocrinology, general medicine, oncology and neurology & immunology. It serves different sectors like government & academic research, environmental testing, clinical & diagnostics, food & beverage, pharmaceutical & biopharmaceutical manufacturing and pharma QC. It has business operations in different regions, including Latin America.
Some prominent companies in the protein expression market are Biotechrabbit, Promega Corporation, Takara Holdings Inc, Dickinson and Company), Lonza, Merck KGaA, Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc, Peak Proteins Ltd, Qiagen, ProMab, Agilent Technologies Inc, BD (Becton, GenScript, New England Biolabs and LifeSensors.