Protein binding assays are increasingly being used in pre-clinical research studies related to drug discovery & development for chronic diseases. These assays are helpful in detecting the presence of target molecules and understand the properties of drugs. Furthermore, the overall growth of R&D in the healthcare industry is driving the market.
In terms of technology, the market encompasses technologies such as the ultracentrifugation techniques, ultrafiltration and affinity electrophoresis to mention a few. The expansion of these technologies have revolutionized the global marketspace due to their simplicity and high precision.
These assays are utilized by Contract Research Organizations (CRO), pharmaceutical and biotechnology companies. Since the R&D of a therapeutic drug requires a lot of investment in terms of expertise, resources and capital, the companies are investing heavily in the early stage testing methods. In addition, the evolution of advanced technologies in protein binding assays is majorly helping the biotech and pharma companies since their focal point is creating biological therapeutics and testing the ADME studies of drugs for the patients.
The Asia Pacific region is anticipated to grow fastest among other regions in the market because of variables such as, low costs associated with the development of clinical preliminary methods in the developing Asia Pacific nations. Thus, the pharmaceutical and biopharmaceutical organizations are outsourcing their research and development to Asia Pacific-based CROs. This is one of the main considerations propelling the market for protein binding assays in the Asia Pacific.
Few examples of the key players in the global protein binding assays market are Thermo Fisher Scientific, Inc., Merck, Danaher Corporation, and Sovicell GmbH among others.
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