Middle East and Africa Protein Binding Assay Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Equilibrium Dialysis, Ultracentrifugation, Ultrafiltration, Surface Plasmon, and Others) and End User (Contract Research Organization, Pharmaceutical & Biotechnology Companies, and Research & Diagnostic Laboratories)
Market Introduction
The MEA protein binding assay market has been further segmented into the UAE, Saudi Arabia, South Africa, and rest of middle east and Africa. The market for protein binding assay in the MEA is anticipated to grow at a CAGR 9.3% during the forecast period; this growth is attributed to increase in pharmaceutical R&D expenditure, increase in developments in the pharmaceutical and biotechnological industries, and the increasing focus on suppressing the expenditure being incurred on the drug discovery & their manufacturing and the availability of various advanced technologies utilized for protein binding. In recent times, protein binding assay holds a promising future as pharmaceutical firms. Saudi Arabia is a very important country in the field of clinical research and the CRO. The health care system is strongly developed. Now more sponsors are developing their medical and research team in the Kingdom. Clinical research has been covered and regulated by the Saudi FDA (SFDA) since 2010, and start-up time tends to decrease even more. The bio/pharmaceutical outsourcing industry has seen an increase in R&D demand as a result of the COVID-19 pandemic. This increase in demand, as well as other pandemic impacts, such as increasing demand for clinical trials and outsourcing services, have led some CROs to shift focus and adjust their operations. The pandemic has pushed more pharmaceutical companies and regulators to use new technologies for remote quality audits and inspections, thus driving positive changes in the pharma industry. The growing pharmaceutical R&D activities in the region boost the adoption of protein binding assays in drug discovery & development likely to drive the market growth
As per Worldometer data, South Africa (2,408,525), Israel (868,045), the UAE (676,251), and Saudi Arabia (522,108) are among the worst-affected countries by the COVID-19 disease in the Middle East and Africa, as of July 2021. The pandemic has boosted the demand for medical devices that can be used in a home care setting. There has been a rise in numbers of patients admitted to intensive care units (ICU), and medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems, which has led to a rise in demand for medical devices. According to the World Bank forecasts, remittances to the MENA region are projected to fall sharply by 19.6%, after total of USD 42 billion in 2020 with a 2.6% increase in 2019. For the first time in decades, MENA countries are facing a common issue with no political or religious agenda. The advent of high-throughput screening of approved compounds and small molecules has allowed researchers to effectively evaluate large drug libraries for checking their in vitro antiviral activity against novel targets. Russia has developed a new treatment for COVID-19 patients and is soon going to conduct trial in partnership with Saudi Arabian health. Thus, such increased research and development activities boost the adoption of protein binding assays in drug discovery and development in the Middle East and Africa.
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Market Overview and Dynamics
The protein binding assay market in MEA is expected to grow from US$ 16.41 million in 2021 to US$ 30.64 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028. Growing Label- Surge in CRO Industry in emerging markets; contract research organizations (CROs) have rapidly emerged as a force in drug development and clinical trial recruiting. emerging countries are emerging as attractive outsourcing locations for drug manufacturers. Low manufacturing and operating costs are driving the growth of the CRO industry. Recent growth in the pharmaceutical industry indicates a positive outlook for protein binding assay market. The CRO industry is experiencing strong growth owing to surging technological innovations, changing regulations, and increasing outsourcing levels. There is a continuous growth in scientific base and capabilities owing to the growing contribution of clinical research, centralized healthcare institutions, well-qualified and highly motivated investigators, and excellent clinical trial facilities.
Key Market Segments
Based on technology is segmented into ultracentrifugation ultrafiltration, equilibrium dialysis, surface plasmon and others. In 2020, the equilibrium dialysis segment is likely to hold the largest share of the market, by technology. Based on the end user was segmented into contract research organization, pharmaceutical & biotechnology companies, and research & diagnostic laboratories. In 2020, the pharmaceutical & biotechnology companies segment is likely to hold the largest share of the market, by end user.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the protein binding assay market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Biotium, Inc, Eurofins Scientific, General Electric Company, MERCK KGaA, MicroConstants, Inc, Ltd, Sartorius AG, SOVICELL GMBH, and THERMO FISHER SCIENTIFIC INC. among others.
Reasons to buy report
- To understand the MEA protein binding assay market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA protein binding assay market
- Efficiently plan M&A and partnership deals in MEA protein binding assay market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA protein binding assay market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA PROTEIN BINDING ASSAY MARKET SEGMENTATION
By Technology
- Equilibrium Dialysis
- Ultracentrifugation
- Ultrafiltration
- Surface Plasmon
- Others
By End User
- Contract Research Organization
- Pharmaceutical and Biotechnology Companies
- Research and Diagnostic Laboratories
By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Company Profiles
- Biotium, Inc
- Eurofins Scientific
- General Electric Company
- MERCK KGaA
- MicroConstants, Inc
- Sartorius AG
- SOVICELL GMBH
- THERMO FISHER SCIENTIFIC INC.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Protein Binding Assay Market – By Technology
1.3.2 MEA Protein Binding Assay Market – By End User
1.3.3 MEA Protein Binding Assay Market– By Country
2. MEA Protein Binding Assay Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Protein Binding Assay Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Middle East and Africa – PEST Analysis
4.3 Experts Opinion
5. MEA Protein Binding Assay Market – Key Market Dynamics
5.1 Drivers
5.1.1 Growing Drug Discovery Activities and pharmaceutical R&D expenditure
5.1.2 Rising Pressure to Reduce Drug Discovery and Development Costs
5.2 Market Restraints
5.2.1 Challenges with Existing Technologies
5.3 Market Opportunities
5.3.1 Surge in CRO Industry in Emerging Markets
5.4 Future Trends
5.4.1 Label-Free Receptor Assays to Emerge as Powerful Assay Platform in Coming Years
5.5 Impact Analysis
6. Protein Binding Assay Market– MEA Analysis
6.1 MEA Protein Binding Assay Market Revenue Forecast and Analysis
7. MEA Protein Binding Assay Market Analysis and Forecast to 2028 – Technology
7.1 Overview
7.2 MEA Protein Binding Assay Market Share by Technology 2021 & 2028 (%)
7.3 Equilibrium Dialysis
7.3.1 Overview
7.3.2 Equilibrium Dialysis: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Ultracentrifugation
7.4.1 Overview
7.4.2 Ultracentrifugation: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Ultrafiltration
7.5.1 Overview
7.5.2 Ultrafiltration: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
7.6 Surface Plasmon
7.6.1 Overview
7.6.2 Surface Plasmon: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
8. MEA Protein Binding Assay Market Analysis and Forecast to 2028 – End User
8.1 Overview
8.2 MEA Protein Binding Assay Market Share by End User 2021 & 2028 (%)
8.3 Contract Research Organization
8.3.1 Overview
8.3.2 Contract Research Organization: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical and Biotechnology Companies
8.4.1 Overview
8.4.2 Pharmaceutical and Biotechnology Companies: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Research and Diagnostic Laboratories Market
8.5.1 Overview
8.5.2 Research and Diagnostic Laboratories: MEA Protein Binding Assay Market Revenue and Forecast to 2028 (US$ Mn)
9. MEA Protein Binding Assay Market – Country Analysis
9.1 Middle East & Africa: Protein Binding Assay Market
9.1.1 Overview
9.1.3 Middle East & Africa: Protein Binding Assay Market, by Country, 2021 & 2028 (%)
9.1.3.1 Saudi Arabia: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1.1 Saudi Arabia: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1.2 Saudi Arabia Protein Binding Assay Market, by Technology – 2019–2028 (USD Million)
9.1.3.1.3 Saudi Arabia: Protein Binding Assay Market, by End User, 2019–2028 (USD Million)
9.1.3.2 UAE: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.2.1 UAE: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.2.2 UAE Protein Binding Assay Market, by Technology – 2019–2028 (USD Million)
9.1.3.2.3 UAE: Protein Binding Assay Market, by End User, 2019–2028 (USD Million)
9.1.3.3 South Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.3.1 South Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.3.2 South Africa Protein Binding Assay Market, by Technology – 2019–2028 (USD Million)
9.1.3.3.3 South Africa: Protein Binding Assay Market, by End User, 2019–2028 (USD Million)
9.1.3.4 Rest of Middle East and Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.4.1 Rest of Middle East & Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.4.2 Rest of Middle East and Africa: Protein Binding Assay Market, by Technology – 2019–2028 (USD Million)
9.1.3.4.3 Rest of Middle East and Africa: Protein Binding Assay Market, by End User, 2019–2028 (USD Million)
10. MEA Protein Binding Assay Market– Industry Landscape
10.1 Overview
10.2 Developments
10.2.1 Overview
11. Impact Of COVID-19 Pandemic on MEA Protein Binding Assay Market
11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 THERMO FISHER SCIENTIFIC INC.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 MERCK KGaA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Eurofins Scientific
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 General Electric Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SOVICELL GMBH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Biotium, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 MicroConstants, Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sartorius AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Number of Registered Studies for Clinical Trials
Table 2. Top 10 Pharmaceutical R&D Spenders, 2019
Table 3. MEA Protein Binding Assay Market – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Protein Binding Assay Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia: Protein Binding Assay Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Protein Binding Assay Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 7. UAE: Protein Binding Assay Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 8. South Africa Protein Binding Assay Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 9. South Africa: Protein Binding Assay Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of Middle East and Africa: Protein Binding Assay Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Middle East and Africa: Protein Binding Assay Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 12. Developments Done by Companies
Table 13. Glossary of Terms, Protein Binding Assay Market
LIST OF FIGURES
Figure 1. MEA Protein Binding Assay Market Segmentation
Figure 2. MEA Protein Binding Assay Market Segmentation, By Country
Figure 3. MEA Protein Binding Assay Market Overview
Figure 4. Equilibrium Dialysis Segment Held the Largest Share by Technology Segment in MEA Protein Binding Assay Market
Figure 5. UAE to Show Significant Growth During Forecast Period
Figure 6. Middle East and Africa PEST Analysis
Figure 7. MEA Protein Binding Assay Market– Revenue Forecast and Analysis – 2020- 2028
Figure 8. MEA Protein Binding Assay Market Share by Technology 2021 & 2028 (%)
Figure 9. Equilibrium Dialysis: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 10. Ultracentrifugation: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Ultrafiltration: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Surface Plasmon: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Others: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. MEA Protein Binding Assay Market Share by End User 2021 & 2028 (%)
Figure 15. Contract Research Organization: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Pharmaceutical and Biotechnology Companies: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Research and Diagnostic Laboratories: MEA Protein Binding Assay Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Middle East & Africa: Protein Binding Assay Market, by Key Country – Revenue (2021) (USD Million)
Figure 19. Middle East & Africa: Protein Binding Assay Market, by Country, 2021 & 2028 (%)
Figure 20. Saudi Arabia: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. UAE: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. South Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. Rest of Middle East and Africa: Protein Binding Assay Market – Revenue and Forecast to 2028 (USD Million)
Figure 24. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets
- Biotium, Inc
- Eurofins Scientific
- General Electric Company
- MERCK KGaA
- MicroConstants, Inc
- Sartorius AG
- SOVICELL GMBH
- THERMO FISHER SCIENTIFIC INC.
- To understand the MEA protein binding assay market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA protein binding assay market
- Efficiently plan M&A and partnership deals in MEA protein binding assay market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA protein binding assay market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.