The protein binding assay market in APAC is expected to grow from US$ 73.34 million in 2021 to US$ 153.72 million by 2028; it is estimated to grow at a CAGR of 11.2% from 2021 to 2028.
China, Japan, and India are major economies in APAC. Label-Free receptor assays to emerge as powerful assay platform in coming years is the major factor driving the growth of the APAC protein binding assay market. The development of pharmacological assays has resulted in the discovery of a wide range of receptor and drug molecule cellular behavior. Label-free receptor assays are growing rapidly as a powerful assay platform for studying receptor signaling and identifying critical nodes in receptor signaling networks. Drug molecules can now be categorized and characterized in novel ways due to label-free receptors. With substantial advances in biosensor instrumentation, such as the Epic system, high throughput screening of drug molecules operating on native cells, including primary cells, has become a reality. Traditional label-based techniques, such as fluorescence, are being replaced by label-free detection of molecular interactions. The label-free technique is preferred to avoid molecular labels when functional information is required. This is especially true for protein targets where labels can compromise the function of a protein. Label-free methods are compatible with real-time detection, allowing for the assessment of the rates of interacting molecules' association and dissociation. Several label-free approaches are currently available for the detection of biomolecular interactions, based on technologies—such as interferometry, diffraction, surface plasmon resonance (SPR), and quartz crystal microbalance. SPR detection is the most extensively used of them. Thus, label-free assays, which evaluate the interaction of molecules (antibodies-antigens, ligands-receptors, proteins-proteins) without the use of tags such as fluorescent dyes or radioisotopes, are expected to become a powerful assay platform in the future years, which is further anticipated to drive the market in APAC.
According to Worldometer, from its epicenter in China, SARS-CoV-2 has spread to infect ~58,231,688 people in Asia, as of July 29, 2021. Following the terrible loss of lives, economies in Asia Pacific have collapsed during the pandemic. The pandemic has emphasized health data exchange and interoperability under a microscope. The supply chain disruptions, along with the tremendous demand for efficient treatments against COVID-19, have put the healthcare research industry in a crucial situation in region. Socioeconomics in countries such as India, China, Japan, and South Korea were severely affected, resulting in rise in inflation, decrease in GDP, and surge in unemployment.Countries such as China, Japan, Singapore, and South Korea show large interest in clinical trials. High costs in western countries drives the flow of medical affairs outsourcing to Asia Pacific. Moreover, pharmaceutical companies are becoming aware of new and changing regulatory environments for drugs, devices, and in vitro diagnostics to expand sales to the Asian market. Asian countries have been at a forefront of updating GMP standards and medical device regulatory systems and introducing drug price controls. Third-party guidance and advice are required as part of any acquisition or any improvement of current standards. Increasingly, third-party outsourcing service providers are playing a greater role in supporting the protein binding assay market progress in Asia Pacific.
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APAC Protein Binding Assay Market Segmentation
APAC Protein Binding Assay Market – By Technology
- Equilibrium Dialysis
- Ultracentrifugation
- Ultrafiltration
- Surface Plasmon
- Others
APAC Protein Binding Assay Market – By End User
- Contract Research Organization
- Pharmaceutical and Biotechnology Companies
- Research and Diagnostic Laboratories
APAC Protein Binding Assay Market– By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
APAC Protein Binding Assay Market-Companies Mentioned
- Biotium, Inc
- Eurofins Scientific
- General Electric Company
- MERCK KGaA
- MicroConstants, Inc
- Pharmaron Beijing Co., Ltd
- Sartorius AG
- SOVICELL GMBH
- THERMO FISHER SCIENTIFIC INC.
Asia Pacific Protein Binding Assay Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 73.34 Million |
| Market Size by 2028 | US$ 153.72 Million |
| CAGR (2021 - 2028) | 11.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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