Transporter Assay Market Trends and Forecast
The future of the global transporter assay market looks promising with opportunities in the enterprise and hospital markets. The global transporter assay market is expected to grow with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing demand for personalized medicine & targeted drug therapies and rising prevalence of chronic diseases necessitating advanced diagnostic tools.
• Lucintel forecasts that fluorescence detection is expected to witness the highest growth over the forecast period.
• Within this market, enterprise is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Transporter Assay Market
• United States: Pharmaceutical companies like Pfizer and Merck have recently announced increased investments in transporter assay technologies to enhance drug safety and efficacy. The FDA has also updated guidelines to encourage the adoption of transporter assays in drug development.
• Germany: Boehringer Ingelheim has initiated a new project focusing on transporter assays to improve drug absorption studies. The German government supports these initiatives through grants aimed at advancing pharmaceutical research and development.
• Japan: Takeda Pharmaceuticals has expanded its transporter assay capabilities, aiming to streamline drug discovery processes. The Japanese Ministry of Health, Labour and Welfare has introduced new regulations to integrate transporter assays into standard drug testing protocols.
• China: WuXi AppTec has announced the establishment of a new facility dedicated to transporter assay research. The Chinese government has set ambitious targets to boost the biotech sector, including substantial funding for innovative drug testing methods like transporter assays.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Transporter Assay Market by Segment
The study includes a forecast for the global transporter assay market by type, application, and region.
Transporter Assay Market by Type [Value from 2018 to 2030]:
• Fluorescence Detection
• Radioactivity Detection
• Electrophysiology
• Others
Transporter Assay Market by Application [Value from 2018 to 2030]:
• Enterprise
• Hospital
Transporter Assay Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Transporter Assay Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transporter assay companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transporter assay companies profiled in this report include-
• BioIVT
• Creative Biogene
• Creative BioMart
• Profacgen
• PortaCellTec Biosciences
• Solvo Biotechnology
• Merck
Recent Development in the Transporter Assay Market
• Thermo Fisher Scientific: Thermo Fisher Scientific launched a new range of transporter assay kits that significantly improve the efficiency and accuracy of drug transport studies. These kits are designed to provide high-throughput screening capabilities, aiding in the discovery of new drug candidates and enhancing the understanding of drug-drug interactions.
• Corning Incorporated: Corning Incorporated announced the development of advanced 3D cell culture systems integrated with transporter assays. These systems offer more physiologically relevant data, allowing for better prediction of in vivo drug behavior, and are expected to revolutionize preclinical testing by providing more accurate and reliable results.
• BioIVT: BioIVT expanded its portfolio by acquiring Cypex, a company known for its transporter proteins and related assays. This acquisition enables BioIVT to offer a more comprehensive suite of products and services, strengthening its position in the transporter assay market and providing enhanced support to pharmaceutical and biotechnology companies.
• Lonza Group: Lonza Group introduced a new line of transporter assays compatible with their existing bioinformatics platforms. These assays are designed to streamline data analysis and interpretation, facilitating faster and more accurate decision-making in drug development. This innovation is expected to enhance the efficiency of pharmacokinetic and toxicological studies.
• Promega Corporation: Promega Corporation launched a novel bioluminescent transporter assay technology. This technology offers increased sensitivity and specificity, making it easier to detect and quantify transporter activity. The bioluminescent assays are particularly useful for high-throughput screening applications, enabling more efficient drug discovery processes.
Features of the Global Transporter Assay Market
Market Size Estimates: Transporter assay market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transporter assay market size by type, application, and region in terms of value ($B).
Regional Analysis: Transporter assay market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the transporter assay market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transporter assay market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for transporter assay market?
Answer: The global transporter assay market is expected to grow with a CAGR of 9.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the transporter assay market?
Answer: The major drivers for this market are growing demand for personalized medicine & targeted drug therapies and rising prevalence of chronic diseases necessitating advanced diagnostic tools.
Q3. What are the major segments for transporter assay market?
Answer: The future of the transporter assay market looks promising with opportunities in the enterprise and hospital markets.
Q4. Who are the key transporter assay market companies?
Answer: Some of the key transporter assay companies are as follows:
• BioIVT
• Creative Biogene
• Creative BioMart
• Profacgen
• PortaCellTec Biosciences
• Solvo Biotechnology
• Merck
Q5. Which transporter assay market segment will be the largest in future?
Answer: Lucintel forecasts that fluorescence detection is expected to witness the highest growth over the forecast period.
Q6. In transporter assay market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the transporter assay market by type (fluorescence detection, radioactivity detection, electrophysiology, and others), application (enterprise and hospital), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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