G-Protein Coupled Receptors Market Scenario:
According to the latest research report, The G-Protein Coupled Receptors Market size is anticipated to reach USD 4,200 million, growing at a compound annual growth rate of a CAGR of 7.1 % during the forecast timeframe.
Market Scenario:
The increasing use of G-protein - coupled receptors is expected to boost demand for G protein-coupled receptors in drug disclosure and advancement ways. In the global market for G-protein coupled receptors, there is an increase in government funding for R&D activities. A growing number of receptor-targeted allosteric modulators, biological drugs, and biassed agonists are escalating the need for assays in the market for G-protein - coupled receptors. This, in essence, has resulted in the successful detection of drug candidates that are pharmaceutically important, driving the adoption of these receptors in the process of drug development. In clinical and preclinical trials, the presence of large numbers of licenced medicines and drugs targeting these receptors raises the need for GPCR screening assays in drug production.
The high costs involved in sustaining GPCR cell lines are, however, likely to curb the development of the global demand for G protein coupled receptors. The global G protein-coupled receptors market is currently dominated by many market players. To strengthen their market positions, key players are involved in product launches and strategic collaborations.
G-Protein Coupled Receptors Market Top Companies:
Some of the eminent players in the global G protein-coupled receptor market are Thermo Fisher Scientific, Inc., Abcam PLC, PerkinElmer Inc., Promega Corporation, Merck Group, HD Biosciences Co., Ltd, QIAGEN, Cisbio, Enzo Life Sciences, and Inc.BD.
G-Protein Coupled Receptors Market Segmental Analysis:
Based on the commodity, assay method, and function, the global G protein coupled receptor market has been segmented.
The market has been split into cell lines, detection kits, cell culture reagents, ligands, and others, depending on the commodity. During the analysis phase, the detection kits category is expected to be the quickest as they are ready to use kits that contain all cells and reagents to conduct functional GPCR assays in live cells, thus driving the creation of the global demand for G protein-coupled receptors.
The global market for G protein-coupled receptors has been bifurcated into functional calcium assays, cAMP functional assays, cGMP assays, GTP gamma S binding assays, ß-Arrestin Functional Assays, internalisation assays, and others based on the assay type. The fastest segment is calcium functional assays, as it has various advantages such as user configurability, ease of calcium flux measurement, thereby driving the development of this segment in the GPCR industry.
Based on application to the cardiovascular system, oncology, immunology, respiratory system, central nervous system, and others, the global G protein-coupled receptors market has been segmented. Like angiotensin II, the coronary system is the central part, and β-adrenergic receptors handle a wide variety of cardiovascular disorders, such as heart failure. About 17.9 million people die each year from cardiovascular disease, increasing the expansion of the market for G protein-coupled receptors.
G-Protein Coupled Receptors Market Regional Overview:
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Due to the availability of a large number of licenced drugs that target G-protein coupled receptors, the Americas is projected to be the largest market. In the Americas, the demand for G protein-coupled receptors has further branched into North America and Latin America, with the US and Canada splitting the North American market.
Due to the economic growth of countries such as China and India, along with the government spending in the biotechnology and biopharmaceutical industries, growing life expectancy, increasing per capita income and unmet demand needs in the country, the Asia-Pacific region is projected to rise at a significant pace during the forecast period.
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