Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1582.65 Million | USD 2413.44 Million | 4.8% | 2023 |
The global Research Antibodies market size was worth around USD 1582.65 million in 2023 and is predicted to grow to around USD 2413.44 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.8% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Research Antibodies market on a global and regional level.
Antibodies also called immunoglobulin are proteins prepared by B cells of the immune system. The antibodies recognize foreign substances or antigens and bind to the epitope regions of antigens and flag them for destruction. Thus it helps in protecting the body from foreign invasion. The antibodies can be constructed in the laboratory through recombinant DNA technology. The ability of immunoglobulin to recognize and bind to specific molecular structures or sequences makes it the ideal tool for cell research and protein function studies for the isolation of molecules of interest.
The demand for the research antibodies market is driven by increasing cell-based research and development activities, genomics and proteomics research for the development of new protein therapeutics, increasing acceptance of personalized medicine, growing collaborations between industries and academic institutes, increasing focus on new biomarker development, etc. However, time-intensive antibody development methods and cost are major factors that may restrain the market growth along with quality concerns. Emerging markets are expected to bring new growth opportunities for major manufacturers of research antibodies. Growth in the biopharmaceutical industry and increasing R&D spending in emerging markets may open new avenues for the research antibodies market.
The report provides a company market share analysis in order to give a broader overview of the key players in the research antibodies market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the research antibodies market on a global and regional basis.
The study provides a crucial view of the research antibodies by segmenting the market based on product, technology, application, end-user, and region. All the segments of the research antibodies market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on product, the global research antibodies market is bifurcated into reagents and antibodies. The reagents segment accounted for the largest market share in 2023 whereas the antibodies segment is expected to grow at the highest CAGR over the forecast period. Continuous and large volume use of reagents for routine assays has attributed to the largest market share of reagents. Increasing the use of antibodies for research in various application areas such as oncology, stem cell research, immunology, infectious diseases, etc. will help to register the highest CAGR over the forecast period. Based on the type of antibodies product segment is categorized into secondary and primary antibodies. Based on source antibodies product segment is categorized into rabbit, mouse, and others. Based on research applications antibodies product segment is categorized into infectious diseases, oncology, immunology, and other applications.
Enzyme-linked immunosorbent assay (ELISA), flow cytometry, immunohistochemistry, immunoprecipitation, immunofluorescence, western blotting, and others constitute the technology segment of the global research antibodies market. The western blotting technology segment dominated the market with the largest revenue share in 2023. Western blotting technology allows quantification at as low as 0.1 nanogram level and thus is widely used technology across the globe. Enzyme-linked immunosorbent assay technique is expected to grow at the highest CAGR over the forecast period.
Based on applications market is segmented into genomics, drug development, proteomics, and other applications. The proteomics application segment held the largest market share in 2018. This large share is attributed to the increasing demand for proteomic-based approaches in cancer profiling and biomarker selection, increasing R&D spending, and government grants for proteomics research.
The end-user segment is divided into include contract research organizations, academic & research institutes, and pharmaceutical & biotechnological companies. Pharmaceutical & biotechnological companies were the largest end users of the research antibodies market in 2023. Availability of funds, increasing R&D activities for new therapeutics development, and drug discovery and development process attribute to the largest market share of pharmaceutical & biotechnological companies.
Report Attributes | Report Details |
---|---|
Report Name | Research Antibodies Market |
Market Size in 2023 | USD 1582.65 Million |
Market Forecast in 2032 | USD 2413.44 Million |
Growth Rate | CAGR of 4.8% |
Number of Pages | 126 |
Key Companies Covered | Merck Group, Thermo Fisher Scientific, Inc., Abcam plc, Bio-Rad Laboratories, Inc., Cell Signaling Technology, Inc., F. Hoffmann-La Roche Ltd, Agilent Technologies, Inc., GenScript, Danaher Corporation, Lonza, PerkinElmer, Inc., Becton, Dickinson and Company, and BioLegend, Inc. among others |
Segments Covered | By Product, By Technology, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the global research antibodies market in 2023. The presence of major manufacturers, availability of funds, presence of developed R&D infrastructure, increasing demand for personalized medicine, technological advancements in immunology and proteomics research, increasing chronic disease burden, etc. are factors driving the market in this region. Europe was the second dominating market. The presence of developed infrastructure, availability of budgets, and increasing R&D spending for drug discovery and development services are factors that boost the market growth in this region. Latin America is expected to register application rate growth over the forecast period. Asia Pacific region will be a highly growing market for research antibodies. Pharmaceutical and biopharmaceutical industry growth in emerging countries like India and China, the wide presence of contract research organizations, and government initiatives to promote proteomics research are expected to propel market growth in the Asia Pacific. Middle East and Africa will register slower growth compared to other regions due to a lack of infrastructure and funds.
Major players included in the report are:
Global Research Antibodies Market: Product
Global Research Antibodies Market: By Technology
Global Research Antibodies Market: By Application
Global Research Antibodies Market: By End User
Global Research Antibodies Market: By Region
FrequentlyAsked Questions
Research antibodies are specialized proteins used in scientific research to detect, quantify, and study specific molecules, typically proteins, within a sample.
According to study, the Research Antibodies Market size was worth around USD 1582.65 million in 2023 and is predicted to grow to around USD 2413.44 million by 2032.
The CAGR value of Research Antibodies Market is expected to be around 4.8% during 2024-2032.
North America has been leading the Research Antibodies Market and is anticipated to continue on the dominant position in the years to come.
The Research Antibodies Market is led by players like Merck Group, Thermo Fisher Scientific Inc., Abcam plc, Bio-Rad Laboratories Inc., Cell Signaling Technology Inc., F. Hoffmann-La Roche Ltd, Agilent Technologies Inc., GenScript, Danaher Corporation, Lonza, PerkinElmer Inc., Becton, Dickinson and Company, and BioLegend Inc. among others.
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