NEW YORK, August 20, 2018 /PRNewswire/ -- The global
protein binding assay market is projected to grow at a CAGR of
10.7%.
The protein binding assay market is projected to reach USD 425.7 million in 2023 from USD 256.1 million in 2018, at CAGR of 10.7%
during the forecast period. Factors such as the growing number of
drug discovery activities, increasing pressure to reduce drug
discovery and development costs, and the increase in pharmaceutical
R&D expenditure are driving market growth. Issues concerning
existing technologies and the development of in silico-based
prediction models are expected to challenge market growth to a
certain extent.
Read the full report: https://www.reportlinker.com/p05486763
Pharmaceutical and biotechnology companies are expected to
account for the largest share of the protein binding assay market
in 2018.
By end user, the protein binding assay market is divided into
pharmaceutical & biotechnology companies, CROs, and other end
users.In 2018, the pharmaceutical & biotechnology companies
segment is expected to account for the largest share of the protein
binding assay market.
Protein binding assays play a pivotal role in ADME procedures,
owing to which they are widely used by pharmaceutical &
biotechnology companies to evaluate drug candidates based on their
binding capacity with proteins.
The equilibrium dialysis segment is expected to dominate the
market in 2018.
On the basis of technology, the protein binding assay market is
segmented into equilibrium dialysis, ultrafiltration,
ultracentrifugation, and other technologies.The equilibrium
dialysis segment is expected to account for the largest share of
the protein binding assay market.
The large share and high growth rate of this segment can be
attributed to the advantages associated with the use of equilibrium
dialysis, which include physical simplicity, low costs, and high
accuracy. The simpler workflow equilibrium dialysis also makes it
the preferred choice for protein binding studies.
North America is expected to
account for the largest share of the market in 2018.
By geography, North America is
expected to account for the largest share of the protein binding
assay market in 2018, followed by Europe. The well-established pharmaceutical
industry, presence of leading pharmaceutical and biotechnology
companies, and high R&D investments in North America are the key drivers for this
regional market.
Break-up profile of primaries:
• By Company Type- Tier 1-33%, Tier 2-40% and Tier 3-27%
• By Designation- C-level-21%, D-level-36% and Others-43%
• By Region- North America-43%,
Europe-31%, Asia Pacific-18%, and RoW-8%
The key players operating in the protein binding assay market are
Thermo Fisher Scientific (US), GE Healthcare (US), Danaher (US),
and Merck (Germany).
Research Coverage:
The protein binding assay market in this report is segmented by
technology and end user.The study tracks and analyzes competitive
developments such as product launches, collaborations, agreements,
partnerships, and acquisitions.
It also profiles key players and their core competencies in the
protein binding assay market.
Reasons to buy this report:
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the portfolios
offered by the top players in the protein binding assay market
• Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and product
launches in the global protein binding assay market
• Market Development: Comprehensive information about lucrative
emerging markets—the report analyzes markets for protein binding
assay products across regions
• Market Diversification: Exhaustive information about new
products, untapped geographies, and recent developments in the
market
• Competitive Assessment: In-depth assessment of strategies,
products, and manufacturing capabilities of the key players in the
global protein binding assay market
Read the full report: https://www.reportlinker.com/p05486763
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
View original
content:http://www.prnewswire.com/news-releases/the-global-protein-binding-assay-market-is-projected-to-grow-at-a-cagr-of-10-7-300699705.html
SOURCE Reportlinker