Antibody Development Segment to Lead Market During 2021–2028
According to our new research study on "Custom Antibody Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Service, Type, Source, Research Area and End User," the market is expected to reach US$ 833.71 million by 2028 from US$ 409.26 million in 2021; it is anticipated to grow at a CAGR of 10.7% from 2021 to 2028. The report highlights trends predominating in the market and factors driving its growth. The market growth is mainly attributed to the factors such as the growing support from governments, continuously changing disease profiles, rising public-private partnerships, and increasing funding activities that are widely enhancing the performance of biotechnology. However, the production for the monoclonal and polyclonal antibodies varies based on the animals being used to derive them. In addition, the packages of custom antibodies also determine the cost demanded different applications that various players offer to hinder the market growth.
The custom antibody market is segmented into antibody production, antibody development, antibody production and purification, antibody fragmentation, and labelling based on service. In 2020, antibody development held the largest share of the market and is anticipated to grow at the fastest rate during the forecast period. Antibody development is among the essential and critical processes in biotechnology-related systems. Antibodies are used for various analytical and clinical testing. The antibodies are specific to certain types of antigens, which helps in determining desired analytical results.
Thermo Fisher Scientific Inc; Bio-Rad Laboratories Inc; Merck KGaA; ABCAM; GenScript; Rockland Immunochemicals, Inc; ProMab; BioLegend, Inc; Agilent Technologies, Inc; Cell Signaling Technology, Inc; are among the leading companies operating in the custom antibody market.
Report : Custom Antibody Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service (Antibody Development, Antibody Production and Purification, and Antibody Fragmentation and Labelling), Type (Monoclonal Antibodies, Polyclonal Antibodies, and Other Custom Antibodies), Source (Mice, Rabbits, and Others), and Research Area (Oncology, Immunology, Stem cells, Infectious Diseases, Neurobiology, Cardiovascular Diseases, and Others), End Users (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Contract Research Organizations), and Geography
The report segments the custom antibody market as follows:
By Research Area
By End Users