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The international bioengineered protein drugs market is highly competitive due to presence of a lot of and strong players, observes Transparency Market Investigation (TMR). In addition, global players are increasingly investing their money on investigation and development (R&D) activities for introduction of new solutions. Some of the crucial players operating in the worldwide bioengineered protein drugs industry are Abbott Laboratories, Amgen, Inc., F. Hoffmann-La Roche Ltd, Bayer AG, Dr. Reddy’s Laboratories Ltd., Merck & Co., Inc., Biocon Ltd., Sanofi, Eli Lilly and Company, GlaxoSmithKline plc, Panacea Biotec, Novartis AG, Johnson & Johnson, and ProBioGen AG. TMR anticipated the international revenue of the bioengineered protein drugs industry to expand with a CAGR of 7.4% over the forecast period from 2017 to 2024 to attain value of a US$336.9 bn by the end of 2025 increasing from the worth of US$177.7 bn in 2016. On the basis of type of solution, the therapeutic protein segment is expected to hold bigger share owing to comprehensive activities to strengthen product in therapeutic protein engineering and recombinant DNA technologies solutions. Leading players are adopting the important techniques such as mergers, acquisitions, and partnerships which enhanced their solution portfolio and helped them to expand their reach.

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