Protein Binding Assays Market – Emerging Technology Innovation to Boost the Global Industry Revenue

PUNE, India, 2020-Oct-16 — /EPR Network/ —

The base year considered for the study is 2017, and the forecast for the market size is provided for the period between 2018 and 2023.

Objectives of the Study:

To define, describe, and forecast the Protein Binding Procedure Market on the basis of technology, end user, and regions
To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
To profile the key players in the Protein Binding Assays Market and comprehensively analyze their market positions and core competencies
To track and analyze competitive developments such as partnerships, agreements, and joint ventures; mergers and acquisitions; product development; and research and development activities in the protein binding assay market

Expected Monetary Gains During Forecast Period:

The protein binding assays market is projected to reach USD 425.7 million in 2023 from USD 231.3 million in 2017, at CAGR of 10.7% during the forecast period.

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Global Industry Segmentation:

Based on end user, Contract Research Organizations (CROs) segment is expected to grow at the highest CAGR in the market during the forecast period

On the basis of end user, the global Protein Binding Procedure Market is divided into pharmaceutical and biotechnology companies, CROs, and other end users. In 2018, the CROs segment is expected to grow at the highest CAGR in the global protein binding assays market. This high growth can be attributed to the increase increased protein binding studies for drug discovery & development by pharmaceuticals and the growing focus of biotechnology companies on developing biologics.

Based on technology, equilibrium dialysis segment is expected to grow at the highest CAGR in the market during the forecast period

On the basis of technology, the global protein binding assays market is divided into equilibrium dialysis, ultrafiltration, ultracentrifugation, and other technologies. In 2018, the equilibrium dialysis segment is expected to grow at the highest CAGR in the protein binding assays market. The growth can be attributed to the technique’s physical simplicity, low cost, and high accuracy. It is also considered as a gold standard technique for protein binding studies.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

The APAC market is projected to register the highest growth rate during the forecast period primarily due to factors such as, growth of clinical trial activities in several APAC countries. As a result of this, the pharmaceutical and biopharmaceutical companies are outsourcing their drug discovery and development activities to APAC-based CROs. This is one of the major factors driving the growth of the protein binding assay market in the Asia Pacific.

Key Players:

Most companies focus on agreements, collaborations, and partnerships to compete in the Protein Binding Procedure Market. The players also focus on increasing their presence in high-growth markets through acquisitions and product launches. Thermo Fisher (US), Sovicell (Germany) and 3B Pharmaceutical focus on partnerships, collaboration and license agreements to strengthen their position in the market.

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The key players operating in the protein binding assays market are Thermo Fisher Scientific (US), GE Healthcare (US), Danaher (US), and Merck (Germany).

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