Plant-based Expression Systems Market - Vaccines and Monoclonal Antibodies accounted for the Largest Market Share | Latest InsightAce Study
Companies covered in this report are Medicago, Leaf Expression Systems, Eleva, iBIO, Creative Biogene, PlantForm, Protalix BioTherapeutics, Inc., G+Flas Life Sciences, Kentucky Bioprocessing, Angany, and others
Jersey City, NJ, June 27, 2023 (GLOBE NEWSWIRE) -- According to the latest research by Insight Analytics, the global Plant-based Expression Systems Market is expected to grow with a CAGR of 5.4 % during a forecast period of 2022-2030.
Plant-based expression systems have become a useful alternative to traditional expression platforms, including yeast, bacteria, and animal cells, for generating vaccines, antibodies, medicinal proteins, and biosimilars. The plant expression system creates a protein by inserting a vector containing an antigen gene into a plant cell and expressing the desired gene in the plant through a stable or temporary transformation system. The transient expression technique has many advantages, including consistency of product accumulation, safety, quick scaling, greater stability of recombinant proteins, and more.
Government financing for advancing plant expression technologies is one of the key factors propelling the market for plant-based expression systems. The high frequency of chronic and hereditary disorders, the development of protein-engineering technologies, the surge in demand for protein therapies, and rising drug development costs are other factors driving the market. The market for plant-based expression systems is expected to increase throughout the predicted period due to advancements in plant expression systems that enable various pharmaceutical and biopharmaceutical businesses to generate and modify novel, useful, and desirable proteins of interest. However, the pricey equipment, protein expression reagents, and labor-intensive, complex manufacturing of recombinant proteins may restrain market growth in the years to come.
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North America is anticipated to contribute to the Plant-based Expression Systems market over the forecast years due to increased R&D spending on plant expression technologies and a rise in the need for protein-based medicines. The US government is the main proponent of innovative plant-based recombinant protein synthesis techniques, primarily for creating influenza vaccines. In addition, the Asia Pacific Plant-based Expression Systems market is expected to grow significantly during the forecast period because there is a great need for new vaccinations and antibodies and an increase in the incidence of chronic diseases.
*Major market players operating in the Plant-based Expression Systems market include *
Medicago, Leaf Expression Systems, Eleva, iBIO, Creative Biogene, PlantForm, Protalix BioTherapeutics, Inc., G+Flas Life Sciences, Kentucky Bioprocessing, Angany and Other Prominent Players.
*Recent collaborations and agreements in the market:*
· In September 2021, SupraVec, a novel proprietary vector-based expression method from Leaf Expression Systems (Leaf), was introduced to quickly create proteins, vaccines, and complex biomolecules in plant leaf tissue.
· In January 2021, iBio unveiled their FastPharming system, which streamlines glycoengineering and accelerates process development by using plants to express recombinant proteins at scale temporarily. Within the FastPharming framework.
*Plant-based Expression Systems Market Report Scope:*
*Report Attribute* *Specifications*
*Market Size Value In 2022* USD 223.42 Million
*Revenue Forecast In 2030* USD 377.39 Million
*Growth Rate CAGR* CAGR of 7.0 % from 2023 to 2030
*Quantitative Units* Representation of revenue in US$ Million and CAGR from 2023 to 2030
*Historic Year* 2019 to 2022
*Forecast Year* 2023-2030
*Report Coverage* The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
*Segments Covered* By Product, By Plant, By Expression system, By Type of Service
*Regional Scope* North America; Europe; Asia Pacific; Latin America; Middle East & Africa
*Country Scope* U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia
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*Market Segments*
Global Plant-based Expression Systems Market, by *Product, *2022-2030 (Value US$ Mn)
· Biosimilars
· Cell Therapies
· Gene Therapies
· Monoclonal Antibodies
· Vaccines
· Others
Global Plant-based Expression Systems Market, by *Plant, *2022-2030 (Value US$ Mn)
· Algae
· Barley
· Benth
· Duckweed
· Lettuce
· Maize
· Moss
· Rice
· Tomato
· Tobacco
· Wheat Germ
Global Plant-based Expression Systems Market, by *Type of Service, *2022-2030 (Value US$ Mn)
· Research and Development
· Manufacturing
· Fill / Finish
· Others
Global Plant-based Expression Systems Market, by *Expression System, *2022-2030 (Value US$ Mn)
· Stable Expression System
· Transient Expression System
Global Plant-based Expression Systems Market, by *Region, *2022-2030 (Value US$ Mn)
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
North America Plant-based Expression Systems Market, by *Country*, 2022-2030 (Value US$ Mn)
· U.S.
· Canada
Europe Plant-based Expression Systems Market, by *Country*, 2022-2030 (Value US$ Mn)
· Germany
· France
· Italy
· Spain
· Russia
· Rest of Europe
Asia Pacific Plant-based Expression Systems Market, by *Country*, 2022-2030 (Value US$ Mn)
· India
· China
· Japan
· South Korea
· Australia & New Zealand
Latin America Plant-based Expression Systems Market, by *Country*, 2022-2030 (Value US$ Mn)
· Brazil
· Mexico
· Rest of Latin America
Middle East & Africa Plant-based Expression Systems Market, by *Country*, 2022-2030 (Value US$ Mn)
· GCC Countries
· South Africa
· Rest of Middle East & Africa
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