The global protein binding assay market size is expected to reach USD 710.8 million by 2028 at a CAGR of 10.8%, according to the report by Reports and Data. Global protein binding assay market revenue growth is expected to increase rapidly owing to rapid developments in pharmaceutical and biotechnological industries, increasing drug development procedures, and rising expenditure in healthcare industries over the forecast period. Moreover, rising prevalence of various genetic disorders is another factor contributing to the revenue growth of the market.
Protein binding assay is a procedure that helps in analyzing interaction between the two types of proteins. It is gaining traction owing to its extensive usage in the process of new drug development. In the process of protein binding assays, thermophoresis techniques are being used widely for analyzing the interaction between proteins. Moreover, this enables identification and provides researchers and scientists with invaluable information regarding the reaction between two proteins or other biomolecules. Protein binding assays aid in enhancing the therapeutic effects of compounds and help in reducing the amount of target molecule. This is one of the major factors fueling revenue growth of the market.
Various factors including lack of information and skills related to the use of protein binding assays worldwide and growing concerns related to various complications associated with the technology available, which is to be used along with all these products, are expected to hinder market revenue growth to a certain extent during the forecast period.
Top Companies Profiled in the Report Include:
Charles River; Sovicell GMBH; Thermo Fisher Scientific, Inc.; Absorption Systems LLC; Eurofins Scientific; GE Healthcare; 3B Pharmaceuticals; Evotec (Cyprotex); Creative Biolabs; and Bioduro.
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Protein Binding Assays market in these key regions.
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Additionally, the report consists a detailed analysis of the segmentation of the Protein Binding Assays market based on product types and end-use/application offered in the Protein Binding Assays market.
Technology Outlook (Revenue, USD Million, 2018 - 2028)
- Equilibrium dialysis
- Ultrafiltration
- Ultracentrifugation
- Other technologies (chromatography (size exclusion/gel filtration), surface plasmon resonance, and transil partitioning)
End Use Outlook (Revenue, USD Million, 2018 – 2028)
- Pharmaceutical biotechnology companies
- Contract research organizations (CROs)
- Other end users (academic institutes and government organizations)
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