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.
Emergen Research has published its latest report titled “Antibody Services Market By Service (Antibody Development, Antibody Production & Purification, Antibody Fragmentation & Labeling), By Type (Monoclonal, Polyclonal), By End-Use (Bioscience Companies, Bioscience Research Institutions, Hospitals, Others), and By Regions Forecast to 2028”
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 can be used to quantify, detect, deliver cargo (such as tiny medicines) and activate specific protein interactions. Bioscientists rely on research-grade antibodies as basic detection tools. Antibodies can be used to mark and identify certain proteins present within a diseased cell at a specific stage of its life cycle, for example, by a researcher seeking to figure out why a cell function has gone wrong. Therefore, the demand for biological products such as antibodies is high in pharmaceutical, biologics and academic research, which drives market revenue growth over the forecast period. Further, antibodies play a crucial role in the immune system’s response to a viral infection, measurement of hormones and identification of allergies.
In addition, rising prevalence of infectious diseases, and rising adoption of targeted immunotherapy and growing number of research institutes and clinical trials, are some major factors surge demand for antibodies in the market. Large pharmaceutical corporations have also shifted their focus to biopharma due to biologics’ high success rates. However, high capital investments on drug discovery process, and stringent government regulations, are some factors expected to restrain antibody services market over the forecast period.
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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
Antibody Development Segment Revenue to Expand at a Rapid CAGR:
Antibody development segment is expected to register a rapid revenue CAGR over the forecast period attributed to rising R&D expenditure of biotechnology companies, increasing demand for protein therapeutics, large scale adoption of targeted immunotherapy, and favorable government policies on therapeutic antibodies.
BioScience Companies Segment to Register Significant Revenue Growth:
BioScience companies segment is expected to register significant revenue growth over the forecast period due to rising government funding for medical research, increasing focus on drug development procedures to develop new and effective vaccines (especially, during Covid 19 pandemic) and rapid development in healthcare infrastructure.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to rapid development in research infrastructure, presence of biotech and pharmaceutical companies, and increasing government and private investments on drug discovery services. Further, increasing prevalence of infectious diseases and growing number of biotech firms are some other factors expected to contribute to market growth in the region.
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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.
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
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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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