Custom Antibody Market is projected to reach USD 860 million by 2028 from USD 548 million in 2023, at a CAGR of 9.4% during the forecast period. The growth of this market is mainly driven by expanded use of antibody biomarkers identification and validation in diagnostics. Furthermore, increased R&D funding coupled with high investment by market players in custom antibody is likely to upsurge market growth in coming years.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164328301

Browse in-depth TOC on "Custom Antibody Market “

312 – Tables

40 – Figures

277 – Pages

Key Market Players
Some of the prominent players in the custom antibody market are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies (US), Abcam plc. (UK), Cell Signaling Technology, Inc (US), Bio-Rad Laboratories, Inc (US), GenScript (China), and among others.

Custom Antibody Market Dynamics

DRIVERS: Increased Funding is likely to upsurge the market growth

Antibody development and research has gained momentum, owing to the depleting mAbs pipeline, rising incidence of chronic and debilitating disorders such as cancer and infectious diseases; and growing need to develop effective and promising cures for several diseases that adversely affect the quality of life across the globe. The continuous rise in the funding for antibody research by government agencies is further supporting the growth of this market. For instance, in April 2022, Japan invested USD 970 million in regenerative medicine, focusing on induced pluripotent stem cells (iPS) to survive with the world’s oldest population. The stem cells can then be used to repair human tissues or grow organs, indirectly impacting antibody research in the country. The funding will enable the country to continue to support custom antibody startups and SMEs, strengthen the emerging asiatic bioeconomy and help unlock the societal benefits of custom antibody.

RESTRAINTS: Cost and complexities associated with antibody

The development of antibodies requires detailed knowledge and qualitative considerations, which require high capital investments and time limitations. In addition, the technologies required for antibody production include large bioreactors, filtration systems, and media & buffers for upstream/ downstream processing and purification. Thus, on average, the cost to produce custom mAbs goes on increasing depending on the additional services required, based on the procedures followed by each player. While developing the site-specific antibody requires consideration of the antigen against which antibodies need to be generated, followed by their specificity and reproducibility. Thus, the cost associated with antibodies can potentially hamper the market growth to a certain extent.

OPPORTUNITIES: Emerging Markets

The rising investments by emerging countries in antibody drug discovery are responsible for the growth of the global market in the region. For instance, the Australian government has allocated USD 3.6 billion in basic research to support science, research, and innovation in the country from 2020 to 2021 to develop new products for treating lung conditions, including mepolizumab, a monoclonal antibody used to treat severe asthma. While the growing incidence of infectious and chronic disorders and increasing R&D initiatives to develop innovative treatment and diagnostic options are some of the factors likely to project the use of a custom antibody in the coming years. Additionally, developments in research infrastructure and the low-cost manufacturing advantage offered by emerging countries are expected to encourage market players to invest in emerging markets like Asia Pacific during the forecast period.

Request 10% Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=164328301

North America dominated custom antibody market in 2022.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2021, North America accounted for the largest share in global market, followed by Europe and the Asia Pacific. The large share of the North American market is owing to various factors such presence of wide customer base and established distribution channels. Increased research funding for custom antibody is furthermore driving the market growth in North America.

Report Link: ( Custom Antibody Market )

TABLE OF CONTENTS:

1 INTRODUCTION (Page No. - 26)

STUDY OBJECTIVES
CUSTOM ANTIBODY MARKET DEFINITION
MARKET SCOPE
CURRENCY CONSIDERED
LIMITATIONS
STAKEHOLDERS
SUMMARY OF CHANGES
RESEARCH METHODOLOGY (Page No. - 32)
RESEARCH APPROACH
MARKET ESTIMATION METHODOLOGY
DATA TRIANGULATION APPROACH
GROWTH RATE ASSUMPTIONS
GROWTH FORECAST
EXECUTIVE SUMMARY (Page No. - 42)
FIGURE 7 GLOBAL CUSTOM ANTIBODY & MARKET, BY SERVICE, 2023 VS. 2028

FIGURE 8 GLOBAL MARKET SHARE, BY TYPE, 2023 VS. 2028

FIGURE 9 GLOBAL MARKET SHARE, BY SOURCE, 2023 VS. 2028

FIGURE 10 GLOBAL MARKET SHARE, BY APPLICATION, 2023 VS. 2028

FIGURE 11 GLOBAL MARKET SHARE, BY INDICATION, 2023 VS. 2028

FIGURE 12 GLOBAL MARKET SHARE, BY END USER, 2023 VS. 2028

FIGURE 13 GLOBAL MARKET: GEOGRAPHICAL SNAPSHOT

PREMIUM INSIGHTS (Page No. - 48)
CUSTOM ANTIBODY MARKET OVERVIEW
NORTH AMERICA: MARKET SHARE, BY TYPE & COUNTRY (2022)
GLOBAL MARKET SHARE, BY SOURCE (2022)
GLOBAL MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
MARKET OVERVIEW (Page No. - 51)
INTRODUCTION
MARKET DYNAMICS
FIGURE 18 GLOBAL CUSTOM ANTIBODY & MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

TABLE 4 GLOBAL MARKET: IMPACT ANALYSIS

CUSTOM ANTIBODY MARKET, BY SERVICE (Page No. - 69)
INTRODUCTION
ANTIBODY DEVELOPMENT
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Research Insights: https://www.marketsandmarkets.com/ResearchInsight/custom-antibody-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/custom-antibody.asp

Related Reports:

https://www.prnewswire.com/news-releases/custom-antibody-market-worth-860-million--marketsandmarkets-301757535.html