Global G-Protein Coupled Receptors Market Report and Forecast 2024-2032

Global G-Protein Coupled Receptors Market Report and Forecast 2024-2032

Global G-Protein Coupled Receptors Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global g-protein coupled receptors market grew significantly in 2023. Aided by their escalating significance in drug discovery and the burgeoning biopharmaceutical sector, the market is projected to further grow at a CAGR of 6.1% between 2024 and 2032.

G-protein coupled Receptors, often abbreviated as GPCRs, are membrane proteins that play a pivotal role in cellular signal transduction. These receptors have become the epicentre of pharmacological research due to their broad applicability in drug development, accounting for about 40% of the current prescription drug market. They are targeted for a myriad of diseases, including cardiovascular conditions, neurological disorders, and even various types of cancers.

A predominant force driving the g-protein coupled receptors market growth is their ever-growing application in drug discovery and development. The continuous evolution of GPCR-based drugs, designed to treat a diverse array of diseases from hypertension to even psychiatric disorders, has significantly increased the commercial interest in these receptors. Moreover, advances in biotechnology have enabled a more profound understanding of GPCRs' structure and function, leading to more efficient drug design and therapeutic interventions.

As per the g-protein coupled receptors market analysis, the biopharmaceutical sector's rapid expansion has also buoyed the GPCRs market. As biopharma companies invest extensively in research and development, the importance of GPCRs in novel drug formulation is becoming increasingly evident. The sector's ability to produce targeted and efficient medicines using GPCR pathways has invigorated the market's potential.

Technological advancements in the areas of cryo-electron microscopy and X-ray crystallography are some of the crucial g-protein coupled receptors market trends that have significantly improved the structural determination of GPCRs. This, in turn, has empowered researchers to devise better drug molecules, fostering market growth. These state-of-the-art techniques have provided detailed insights into the receptor's interaction with various drugs, paving the way for improved pharmacotherapy.

The surge in partnerships and collaborations between biopharmaceutical companies and academic institutions is another noteworthy trend amplifying the g-protein coupled receptors market demand. These collaborations focus on enriching the drug pipeline and speeding up the drug discovery processes by leveraging the potential of GPCRs.

Market Segmentation

The market can be divided based on type, therapeutic areas, and region.

Market Breakup by Type

• Calcium Level Detection Assays
• GTP Gamma S Binding Assays
• cAMP Assays
• cGMP Assays
• Reporter Gene Assays
• Others

Market Breakup by Therapeutic Areas

• Cardiovascular System
• Central Nervous System (CNS)
• Immune System
• Oncology
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global g-protein coupled receptors market. Some of the major players explored in the report by Expert Market Research are as follows:

• Abcam PLC
• Becton, Dickinson and Company [NYSE: BDX]
• PerkinElmer, Inc.
• Merck KGaA
• Enzo Life Sciences, Inc.
• Qiagen NV
• Promega Corporation
• Thermo Fisher Scientific Inc.
• HD Biosciences Co., Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.