Increasing research in biotechnology and pharmaceutical sector, rising global prevalence of infectious and chronic diseases, and rapid advancements in protein therapeutics are some key factors expected to drive market revenue growth.
Increasing research in biotechnology and pharmaceutical sector, rising global prevalence of infectious and chronic diseases, and rapid advancements in protein therapeutics are some key factors expected to drive market revenue growth
According to Emergen Research, the global antibody services market size was USD 1.41 billion in 2020 and is expected to reach USD 3.30 billion in 2028 and register a revenue CAGR of 11.1% during the forecast period, 2021-2028.
Market Dynamics:
Antibodies are biological products that are widely used in both academic and pharmaceutical research applications. Antibody production is the main sign of adaptive immune responses and are majorly produced to neutralize or eliminate antigens or pathogens. Antibody production has become a crucial component of several modern research disciplines and polyclonal antibody production is an essential research activity to expand its application scope for various disease indications.
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Increasing research and development activities, growing number of companies offering customized antibody production and purification services, and availability of outsourcing options and technical expertise in antibody production and antigen designing are some key factors expected to drive market revenue growth over the forecast period. Antibody production process involves generation of specific antibodies which covers immunogen preparation, immunization, hybridoma production, screening, and results. Availability of comprehensive monoclonal and polyclonal antibody production services and antibody development services at cost-effective prices and with faster turnaround time is another major factor expected to drive market revenue growth going ahead.
Antibody production and development involves multiple steps that need technical expertise and robust screening and assays to ensure quality and efficient production. Outsourcing antibody production, development, and purification services to organization such as CROs can simplify these process, save time and effort, and free up resources that can be used for other critical experiments. Major companies in the market have started offering a broader portfolio and catalog of antibody services including monoclonal and polyclonal production services with faster turnaround times and high-quality antibodies. Advancements in technologies and procedures to generate, purify, and modify antibodies for research applications, development of antibodies to use as antigen-specific probes for various diagnostic and research applications, and advancements in molecular recognition tools are some key factors expected to drive market revenue growth over the forecast period. However, high costs of antibody services, low awareness regarding antibody services, and lengthy procedures and time-intensive production of monoclonal antibodies are some key factors that can potentially hamper market growth ton a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
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Monoclonal Segment to Register Robust Revenue CAGR:
Monoclonal segment is expected to register significant revenue growth over the forecast period attributable to rising commercialization of numerous antibody-based products, increasing use of monoclonal antibodies to develop robust therapeutics, and increasing investment to accelerate monoclonal antibody research. Monoclonal antibody therapy has the potential to reduce deaths and hospitalizations in patients with risk factors for severe disease progression. Monoclonal antibodies are highly specific, selective, and have high binding affinity and hence are widely used in research and development for advanced therapeutics. This is another factor expected to boost production of monoclonal antibody and drive revenue growth of the segment over the forecast period.
Bioscience Companies Segment Revenue to Support Market Growth:
Bioscience companies segment is expected to account for largest revenue share in the global market over the forecast period attributable to rapid advancements in research infrastructure, growing focus on drug discovery and development, increasing investment in biopharmaceutical sectors, and increasing collaboration between research institution and bioscience companies to advance clinical research.
Asia Pacific Market Revenue to Expand Significantly:
Asia Pacific is expected to register robust revenue CAGR over the forecast period attributable to rising investment in pharmaceutical and biotechnology research, growing demand for protein therapeutics due to rising incidence of chronic illnesses, rapid adoption of personalized therapies, and growing presence of key pharmaceutical companies in the region. In addition, availability of cost-effective reagents and materials to accelerate antibody development and production, increasing public and private research funding, and rapid development in healthcare and research infrastructure are some other factors expected to contribute to revenue growth of the market in the region.
Major Companies in the Market Include:
- GE Healthcare
- Thermo Fisher Scientific, Inc.
- Sartorius AG
- Merck KGaA
- Pall Corporation
- Sigma-Aldrich Corporation
- Eppendorf AG
- Cellab GmbH
- INTEGRA Biosciences AG
- FiberCell Systems Inc.
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For the purpose of this report, Emergen Research has segmented the global antibody services market based on service, type, end-use, and region:
Service Outlook (Revenue, USD Billion; 2018–2028)
- Antibody Development
- Antigen Preparation
- Immunization & Hybridoma Production
- Antibody Characterization
- Antibody Production & Purification
- Antibody Fragmentation & Labeling
Type Outlook (Revenue, USD Billion; 2018–2028)
- Monoclonal
- Polyclonal
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Bioscience Companies
- Bioscience Research Institutions
- Hospitals
- Others
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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