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(Health-NewsWire.Net, July 20, 2020 ) The increasing use of protein binding assays in pre-clinical research for studying the distribution properties of the drug, and the growing number of drug discovery activities, the minimizing drug discovery and development costs, and the increase in pharmaceutical R&D expenditure is driving the growth of this market.
Target Audience:
# Government and academic institutes
# Protein binding assay providers
# R&D departments
# Contract research organizations
# Pharmaceutical & biotechnology companies
# Consulting firms
# Government associations
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.
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Most companies focus on agreements, collaborations, and partnerships to compete in the 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.
In 2017, Thermo Fisher was the leading player in the protein binding assay market. The company has a strong geographic presence across the US, Europe, Greater China, and Asia Pacific. The company focuses on a wide range of products offering in the protein binding assay market. The company’s products are based on the equilibrium dialysis technology, which helps it dominate this market. The company focuses on partnerships to enhance its presence in the market. In 2018, Thermo Fisher partnered with The Montreal Neurological Institute (The Neuro) of the McGill University (Canada) to provide reagents and tools to understand neurological diseases.
HTDialysis is another prominent player in the protein binding assay market. The company offers an extensive portfolio of protein binding products. The company is present in the US, China, Germany, and Japan. With its strong product offerings and geographic presence, the company is expected to garner a major of the market. The company focuses on acquisitions to strengthen its product portfolio. HTDialysis has a strong geographic presence in the countries including Argentina, Australia, Belgium, Brazil, and China.
Some other leading players in the global protein binding assay market are Merck (Germany), Sovicell (Germany) GE Healthcare (US), and Absorption systems (US). These companies focus on product launches, agreements, collaborations, and partnerships to maintain their strong position in the market in the coming years.
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