The 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:
Charles River; Sovicell GMBH; Thermo Fisher Scientific, Inc.; Absorption Systems LLC; Eurofins Scientific; GE Healthcare; 3B Pharmaceuticals; Evotec (Cyprotex); Creative Biolabs; and Bioduro.
Competitive Outlook of the Global Protein Binding Assays Market
The globla Protein Binding Assays market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Protein Binding Assays market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
For the purpose of this report, Reports and Data has segmented the global protein binding assays market on the basis of technology, end use, and region:
Technology Outlook (Revenue, USD Million, 2018 – 2028)
- Equilibrium dialysis
- 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)
Global Protein Binding Assays Market Report: Table of Contents
- Industry Overview
- Market Dynamics
- Market Segmentation
- Regional Outlook
- Competitive Landscape
- Latest Developments
- Research Methodology
- List of Tables and Figures
Regional Outlook of the Global Protein Binding Assays Market
- North America
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of Middle East Africa
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