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PEGylated Proteins Market - Growth in Biologics Sector to Propel the Global Growth

 



(IT-NEWSWIRE.COM, April 07, 2017 ) Browse 87 market data tables and 65 figures spread through 176 pages and in-depth TOC on “PEGylated Proteins Market

http://www.marketsandmarkets.com/Market-Reports/pegylated-protein-market-19242378.html

Early buyers will receive 10% customization on this report.



Prominent Market Players:



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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Market Dynamics:



PEGylation of therapeutic proteins is becoming increasingly essential because of PEG's ability to protect against protein enzymatic degradation and increasing half-life of drugs.



Increase in R&D spending of pharmaceutical & biotechnology companies, growth in biologics sector, high prevalence of lifestyle disease, increasing in adoption of protein based drugs over non-protein based drugs and increase of protein stability and circulating half-life with the help of PEGylation are the major drivers of market. On the other hand drug failure and recalls is the major factor restraining the growth of this market.



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Geographical Analysis:



Geographic analysis reveals that North America accounted for the largest share of the global PEGylated proteins market in 2016. Growth in this market can be attributed to the increasing adoption of biologics drugs such as monoclonal antibodies, erythropoietin and interferon for the treatment of chronic diseases, increasing government funding and grants for research activities, and increase in R&D spending for drug discovery at early stages.



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