The increasing adoption of open models in biotechnology and pharmaceutical companies for drug discovery applications along with increasing medical outsourcing is boosting the protein stability market. Pharmaceutical industries are exploring the means to develop new drugs. Starting from the adoption of active suitable pharmaceutical ingredients to product validation, it plays a vital role. Protein stability analysis techniques are the key to these efforts as they conduct the quality assessment test under various environmental factors. Increasing government funding and the involvement of research institutes to discover new therapies are driving the market growth. Pharmaceutical companies are using protein stabilizers for the delivery of reliable drugs. Further, they also help in drug release from the human system. This process is essential for the reduction of harmful effects and liabilities.
Likewise, increasing outsourcing activities are expected to reduce costs and will increase innovations in the medical industry. Reagents and assay apparatus segment in the protein stability market is noticing remarkable growth. The increased funding from the government in life sciences and research, expanded area of initiatives in drug discovery by pharmaceutical companies, and application of these apparatus in the analysis are indispensable for the expansion of avenues in the protein stability market. Emerging third-world companies are expected to provide new opportunities for market players. However, the expensive protein analysis systems are anticipated to limit the market growth to an extent.
Global Protein Stability Market: Overview
The protein stability market is expected to witness significant growth in the near future. Protein stability has important applications in the pharmaceutical industry. Protein stability helps pharmaceutical companies deliver reliable drugs with increased insights into protein-protein interaction. Additionally, protein stability also helps with drug release in the human system, which is essential for effectiveness as well as reducing harmful effects and liabilities.
The increased innovation backed by pharmaceutical and biotechnology companies based on open innovation model is expected to fuel growth of the global protein stability market.
Additionally, rising outsourcing trends in the industry are expected to reduce costs and increased focus on innovations, fuelling further growth. The expiry of various patents is expected to fuel growth of the global protein stability market in the near future.
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Global Protein Stability Market: Notable Developments
- According to studies, Protein kinase C plays a pivotal role in the early onset of Alzheimer’s and its progression in early stages. Alzheimer’s continues to plague lives of millions of people globally. Drugs promising to inhibit the growth of the Kinase C promise tremendous growth. The rise in number of Alzheimer’s patients and promise of some drugs to effectively reduce the damage to patients is expected to result in significant growth for the global protein stability market in the near future.
- MIT researchers have found a way to systemically understand and convert proteins into musical passages. Reversing this process enabled these researchers to make small changes to the evolutionary structure of proteins and form never before seen new protein structures. These new proteins are not found anywhere else in nature and can promise new frontiers for players in the global protein stability market.
The major players in the global protein stability market include Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), GE Healthcare (US), and Horiba, Ltd (Japan). These major players are involved in extensive research and development activities.
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Global Protein Stability Market: Key Trends, Drivers & Restraints
Some of the key trends, drivers, and restraints that are directly related to the growth of the global protein stability market are:
Growing Support from Government to Promote Growth
Reagents and assay kits segment in the protein stability market is witnessing a tremendous growth. The growing government funding for life sciences and research, increased initiatives by pharmaceutical companies for drug discovery, and uses of these equipment in analysis are key factors behind the growth of this segment.
Biotechnology and Pharmaceuticals to Expand Growth
Biotechnology and pharmaceutical companies are expected to emerge as the largest end-users of the protein stability market. While drug discovery programs are primarily responsible for driving this growth, stringent regulations are also expected to aid growth of the protein stability market. The pharmaceutical and biotechnology industry is witnessing a stringent regulations driving innovation with an emphasis on proven methodology. This is expected to drive significant growth for the global protein stability market.
Global Protein Stability Market: Regional Outlook
Protein stability market is expected to witness robust growth in the North America region. The region held a dominant share of the global market in recent period. The growing support for innovation, increased outsourcing, rising geriatric population, and favorable reimbursement policies are expected to drive significant growth for the protein stability market in the near future. Europe is expected to follow suit in the near future as the region continues to be home to a large population of geriatric population as well. The rising concern about diseases like Alzheimer’s are also expected to fuel growth for the protein stability market in the region.
On the other hand, Asia Pacific is expected to emerge with the highest CAGR during the forecast period. The region is home to a large population. Additionally, rising trends of outsourcing, 3D printing, and availability of raw materials are expected to drive significant growth for the global protein stability market in the region.
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