Global Protein Assays Category - Procurement Market Intelligence Report
Procurement research report on the protein assays market provides procurement professionals with up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services. This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Covered in this report
According to procurement analysts, there is a steady growth in R&D spend of pharmaceutical and biotech companies. Pharmaceutical and biotech companies are increasing their R&D spend on building new laboratories and procuring new lab equipment. This has increased the consumption of protein assays, which are integral to biotech research. For instance, over the past five years, R&D expenses of top pharmaceutical companies grew over 2%. This happened despite the decline in revenues of the companies over the same period. This can be attributed to the continuous pressure on pharmaceutical companies to develop new drugs, as patents on existing drugs continue to expire.
Category driver
One of the procurement best practices for buyers is to analyze suppliers' sourcing strategy. Buyers should analyze the source of suppliers' raw materials such as bottles and ampules and chemicals for reagents. Suppliers of raw materials should follow all the international and regional regulations, as noncompliance may lead to disruption in the supply of these products.
Some of the aspects that buyers should look for as far as suppliers' sourcing strategies are concerned are as follows:
Solutions can be categorized into:
Procurement research report on the protein assays market provides procurement professionals with up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services. This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Covered in this report
According to procurement analysts, there is a steady growth in R&D spend of pharmaceutical and biotech companies. Pharmaceutical and biotech companies are increasing their R&D spend on building new laboratories and procuring new lab equipment. This has increased the consumption of protein assays, which are integral to biotech research. For instance, over the past five years, R&D expenses of top pharmaceutical companies grew over 2%. This happened despite the decline in revenues of the companies over the same period. This can be attributed to the continuous pressure on pharmaceutical companies to develop new drugs, as patents on existing drugs continue to expire.
Category driver
One of the procurement best practices for buyers is to analyze suppliers' sourcing strategy. Buyers should analyze the source of suppliers' raw materials such as bottles and ampules and chemicals for reagents. Suppliers of raw materials should follow all the international and regional regulations, as noncompliance may lead to disruption in the supply of these products.
Some of the aspects that buyers should look for as far as suppliers' sourcing strategies are concerned are as follows:
- Adoption of quality management systems by suppliers to ensure that high-quality raw materials are procured
- Use of low-cost country sourcing strategy for procuring raw materials
- Availability of mechanisms with suppliers to conduct regular audits at their vendors' facilities regarding EHS compliance and plant utilization rate
Solutions can be categorized into:
- Dye-binding Assays
- Copper-ion-based Assays
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Global Protein Assays Production Hubs
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients/Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- Thermo Fisher Scientific
- PerkinElmer
- Bio-Rad Laboratories
- Merck KGaA
- General Electric
PART 8: APPENDIX
- Glossary
- Key Notes
- About
Executive Summary
New Report Released: Global Protein Assays - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Protein Assays - Procurement Market Intelligence Report: Thermo Fisher Scientific, PerkinElmer, Bio-Rad Laboratories, Merck KGaA, General Electric.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to analyze suppliers' sourcing strategy.”
According to the report, one of the key growth contributors for the Global Protein Assays market is the increase in personalized therapies.
Further, the report states that major procurement challenge experienced by the buyers is the difficulty in assessing safety compliance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Thermo Fisher Scientific
- PerkinElmer
- Bio-Rad Laboratories
- Merck KGaA
- General Electric
Methodology
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