COVID-19 Vaccine Impact on Protein Binding Assays Market Opportunities To Reach $683.09 Million By 2025

Protein Binding Assays Market Growth & Trends

The global protein binding assays market size is expected to reach USD 683.09 million by 2026 at a CAGR of 10.6%, according to a new report by Grand View Research, Inc. Protein binding assays are increasingly being adopted in preclinical stages of drug discovery & development programs. These assays help in detection of target molecules and provide critical information about the properties of therapeutics and biologics.

Increase in number of R&D outsourcing activities by pharmaceutical companies for development of therapeutics is anticipated to increase the adoption of protein binding assays. Presence of several companies that provide these services for molecule investigation and analysis is expected to positively impact the market growth over the forecast period.

These assays provide help understand ADME properties during selection and development of therapeutic candidates. Estimation of safety margins during drug development is an important step that can be carried out by quantification of binding of new chemical entities to a protein.

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Protein Binding Assays Market Report

Protein Binding Assays Market Report Highlights

• Equilibrium dialysis accounted for the largest share and is expected to maintain its dominance over the forecast period
• This is because equilibrium dialysis is an extensively used method to detect free drug fraction as it is less susceptible to experimental artifacts
• Instruments segment is expected to grow at the fastest CAGR due to rising demand for automated, user-friendly systems that help determine the distribution capacity of drug candidates
• Assay services offered by a large number of biotechnology players can be attributed to the segment’s largest revenue share in 2018
• Increase in number of CROs offering customized, comprehensive, and economical protein binding assay services to support pharmaceutical firms is expected to boost growth of CROs segment
• Pharmaceutical firms are investing significantly in preclinical drug discovery studies to meet the growing demand for therapeutics resulting in the largest protein binding assays market share of the segment
• Presence of leading players providing such assays and high R&D investment for therapeutic development can be attributed to the dominant share of North America
• Asia Pacific is expected to witness fastest growth due to low cost of preclinical methods, which increases outsourcing of services to the region
• Companies such as Thermo Fisher, Charles River, Sovicell, GE Healthcare, Evotec, and others have undertaken several strategic initiatives to enhance their market presence