G-Protein Coupled Receptors (GPCRs) Market Will Record an Upsurge in Revenue during 2021-2026
April 07, 2022
Stratview Research has recently added a new report titled G-Protein Coupled Receptors (GPCRs) Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the G-Protein Coupled Receptors (GPCRs) Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Thermo Fisher Scientific (The U.S),
- Eurofins Scientific (Luxembourg),
- Abcam plc (UK),
- Enzo Biochem Inc. (The U.S),
- Merck KGaA (Germany),
- QIAGEN (Germany),
- Becton-Dickinson and Company (The U.S),
- Promega Corporation (The U.S),
- WuXi AppTec (The U.S). and
- PerkinElmer Inc. (UK).
Market Highlights
The Global G-Protein Coupled Receptors (GPCRs) Market is estimated to grow from USD 2.9 billion in 2020 to USD 4.2 billion by 2026 at a healthy CAGR of 6.7% during the forecast period. The global market growth is primarily driven by the increasing prevalence of diseases such as cancer, cardiovascular and respiratory issues. The presence of various approved drugs and drugs that are under clinical studies which target these receptors is likely to drive the growth of the G-protein-coupled receptors market at a significant rate. Furthermore, increasing spending on research and development activities in drug discovery and development is likely to create lucrative growth opportunities for the players operating in the GPCRs market over the forecast period.
Segment-wise analysis
Based on application, the market has been divided into cancer research, central nervous system (CNS) research, metabolic research, cardiovascular research, and respiratory research, and others. The cancer research segment accounted for the substantial market share in 2020 owing to its widespread use in the detection of tumour angiogenesis through GPCR assays.
The market in North America accounted for the largest share in 2020 owing to rising incidences of cancer, approved GPCR based drugs, and increased spending on new drug discovery and development, particularly in the U.S. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing consumer awareness and high spending on R&D activities for drug development by the government in countries such as India and China.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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