A Triton Market Research report has determined that the protein expression market in the Middle East and Africa is set to surge at CAGR of 11.67% during the projected period 2019-2028.
The countries scrutinized in the Middle East and Africa market are:
• Turkey
• Saudi Arabia
• United Arab Emirates
• South Africa
• Rest of Middle East & Africa
The United Arab Emirates is increasingly attracting international investors. Although the global coronavirus pandemic has affected the world, the UAE remains to be a highly sought-after destination for investments in the foreseeable future. Several multinational pharmaceutical companies are expanding their base in the UAE owing to its economic stability and well-established infrastructure.
Also, there is an increasing awareness regarding diabetes among patients, which is also fueling higher demand for insulin, a hormone used by diabetic patients to control the blood sugar level. Julphar, a UAE pharmaceutical company, has been working hard to cater to the ever-increasing need for insulin in the market. Since insulin is a therapeutic protein, this factor is consequently leading to the development of the protein expression market in the UAE in the coming years.
The pharmaceutical market in South Africa is one of the most lucrative markets in the country. This rapid growth can be attributed to the availability of cost-efficient and skilled labor, well-established infrastructure, and the launch of the SAHPRA (South African Health Products Regulatory Authority). The majority of regional drug manufacturers and distributors deal with global pharmaceutical firms. These developments in the pharmaceutical industry are likely to augment the application of protein expression in the market.
Promega Corporation is a company engaged in manufacturing enzymes and other products for biotechnology and molecular biology. It has a wide product portfolio covering the fields of drug discovery, protein analysis & expression, genomics, cellular analysis and genetic identity. Besides, it provides different products for protein expression, including cell-based and cell-free protein expression. The company has a global presence through with branches in different regions, including the Middle East and Africa.
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.