High reproducibility, scalability and uniformity across different production batches augmenting popularity
High reproducibility, scalability and uniformity across different production batches augmenting popularity
Fact.MR, Rockville MD: The global CHST15 antibody market is set to experience high gains in 2021, underpinned by unceasing research & development initiatives to bolster rare genetic disorders across multiple geographies, according to Fact.MR’s ongoing study. As rare genetic disorders patterns continue evolving, advanced therapeutic approaches are likely to nudge CHST15 antibody adoption in the long-term forecast until 2031.
According to the 2021 Rare Disease Day statistics, over 300 million people are afflicted with one or more of the over 6,000 genetic anomalies, affecting around 4-6% of the global population. More than seven out of ten rare diseases are genetic which generally manifest themselves during childhood. Such trends are underscoring the importance of fostering high-grade diagnostics to prevent further deterioration in later years, consequently widening CHST15 antibody deployment.
Demand for monoclonal CHST15 antibodies is experiencing a significant incline, attributed to its extensive deployment in important drug formulations. Promising trials for COVID-19 infections reduction have led to their emergency use authorization across the United States, such as Regeneron’s casirivimab and imdevimab antibodies and Eli Lily’s bamlanivinab drug. Furthermore, as of January 2021, over 70 monoclonal antibodies are under development, with trials entering Phase II and Phase III in various countries.
“Prominent monoclonal antibody manufacturers such as Eli Lilly, have entered phase III clinical trials to verify the effectiveness of CHST15 antibodies for treating rare diseases, providing a significant nudge to future growth,” says a Fact.MR analyst.
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Key Takeaways from Fact.MR’s CHST15 Antibody Market Study
- Immunohistochemistry applications to stimulate bulk of the CHST15 antibody demand
- Monoclonal CHST15 antibodies are expected to remain in the limelight on the back of therapeutic drug development
- By end user, biopharmaceutical companies is poised to emerge as the primary CHST15 antibody utilizers
- Canada to emerge as a lucrative CHST15 antibody hub, attributed to increasing research for ascertaining genetic patterns of rare diseases
- Proliferating life sciences developments to catapult CHST15 antibody applications in the UK
- Increasing institutional research funding to heighten adoption across the French and German markets
- China and Japan to emerge as promising hotspots amid increasing potential of CHST15 antibodies in detecting and addressing respiratory disorders fueled by COVID-19
CHST15 Antibody Market- Prominent Drivers
- The CHST15 antibody market growth is spurred by burgeoning developments in the biotechnology and life sciences sectors
- Proprietary companies possessing adequate technological knowledge dominate the global CHST15 market
- Opportunities are aplenty across the emerging economies of the Asia-Pacific, Latin America and the MEA
CHST15 Antibody Market- Key Restraints
- High prices associated with the premium nature of CHST15 antibody diagnosis is likely to confine penetration amongst high-income patients
- Additional costs incurred on availing cold storage facilities, attributed to the low temperature range is restricting adoption by medium-scale laboratories
Discover more about the CHST15 antibody market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/2855/chst15-antibody-market
Competitive Landscape
Prominent CHST15 antibody manufacturers included in Fact.MR’s study include LifeSpan BioSciences Inc., R&D Systems, Novus Biologicals, Aviva Systems Biology Corporation, Biorbyte Ltd., Abbexa Ltd., GeneTex Inc., Proteintech Group Inc., Prosci Inc., OriGene Technologies Inc., Sigma-Aldrich Corporation and Boster Biological Technology among others.
Introducing new identification techniques using highly advanced quantifying approaches is a primary strategy deployed by some of the aforementioned players. In July 2019, for instance, LifeSpan BioSciences Inc. released the first batch of its PathPlusTM series of antibodies for the immunohistochemical detection of 200 high-value cancer targets in formalin fixed paraffin embedded tissues.
In February 2021, Sigma-Aldrich (Merck) inked an agreement with Alteogen Inc. to develop and produce recombinant biologics for the development and clinical evaluation of next generation therapeutics of monoclonal antibody drugs. Under this agreement, Merck has agreed to provide late-stage contract development manufacturing organizational (CDMO) services through its BioReliance® end-to-end solutions.
More Insights on the Global CHST15 Antibody Market
In its latest report, Fact.MR offers unbiased analysis of the global CHST15 antibody market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of target species (human, gibbon & monkey, mouse & rat, guinea pig, horse, bovine and others), application (ELISA, western blot, immunohistochemistry, flow cytometry, immunocytochemistry & immunofluorescence and others), type (monoclonal CHST15 antibody and polyclonal CHST15 antibody) and end user (biopharmaceutical companies, hospitals & clinics, research institutions and diagnostic laboratories) across seven regions (North America, Latin America, Europe, CIS & Russia, Japan, APEJ and Middle East & Africa)
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