Newark, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 403.04 million in 2021 global custom antibody market will reach USD 960.51 million in 2030. Major firms are investing more money in creating better diagnostics, medications, devices, technologies, and treatment choices due to the rising demand for cancer therapies. Custom antibody has become more popular, giving industry participants additional opportunities. The development of contract research organizations to offer better services at cheaper costs and with greater competence has given market participants new opportunities. More research is being done in the public healthcare sector to find better treatment choices due to increasing government financing to develop improved public healthcare infrastructure. Major market participants are cooperating and partnering to create cutting-edge technology and diagnoses for cancer therapy. Each of these elements will influence the market's growth.
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Key Insight of the Global Custom Antibody Market
North America will dominate the market during the forecast period.
Due to the growing emphasis on creating antibody-based treatments, North America now holds a dominant position in the bespoke antibody industry. The market expansion in this region is also driven by increased research activity and investment and worries regarding the quality of catalogue antibodies. Government initiatives and increased funding for monoclonal antibody treatment research and development are also contributing to the expansion of this market. Additionally, the rising prevalence of chronic ailments like cardiovascular and blood diseases and the expanding use of online pharmacy platforms drive the market's expansion during the anticipated timeframe.
In 2021, the oncology segment dominated the market with the largest market share of 28.15% and market revenue of 113.45 million.
The research area segment is divided into neurobiology, infectious diseases, oncology, cardiovascular disease, immunology, stem cells, and others. In 2021, the oncology segment dominated the market with the largest market share of 28.15% and market revenue of 113.45 million.
In 2021, the monoclonal antibodies segment dominated the market with the largest market share of 29.32% and market revenue of 118.17 million.
The type segment is divided into polyclonal antibodies, monoclonal antibodies, recombinant antibodies, and others. In 2021, the monoclonal antibodies segment dominated the market with the largest market share of 29.32% and market revenue of 118.17 million.
In 2021, the mice segment dominated the market with the largest market share of 41.27% and market revenue of 166.33 million.
The source segment is divided into rabbits, mice, and others. In 2021, the mice segment dominated the market with the largest market share of 41.27% and market revenue of 166.33 million.
In 2021, the antibody development segment dominated the market with the largest market share of 43.35% and market revenue of 174.71 million.
The service segment is divided into antibody production & purification, antibody development, and antibody fragmentation & labelling. In 2021, the antibody development segment dominated the market with the largest market share of 43.35% and market revenue of 174.71 million.
In 2021, the pharmaceutical and biotechnology companies segment dominated the market with the largest market share of 41.24% and market revenue of 166.21 million.
The end-user segment is divided into contract research organizations, pharmaceutical and biotechnology companies, and academic and research institutes. In 2021, the pharmaceutical and biotechnology companies segment dominated the market with the largest market share of 41.24% and market revenue of 166.21 million.
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Advancement in market
Cambridge Research Biochemicals (CRB), a top independent manufacturer of custom-made peptide and antibody tools based in the UK and supplying researchers in the pharmaceutical, life science, and academic sectors, has been acquired by Biosynth, a provider of essential raw materials to the life science industry. The peptide business of Biosynth, which already has operations in the US and the Netherlands, gains much knowledge from CRB. Leading proficiency in complicated peptide chemistry and fluorescent dye labelling are two examples. To serve customers by creating unique, complex, or unusual mono- and polyclonal antibodies not found in catalogues, CRB also brings additional custom antibody capability to Europe.
Market Dynamics
Driver: the increasingly hectic and busy lifestyles.
The rising number of cancer patients is significantly attributed to rising alcohol and cigarette use. Chronic disease incidence is rising as a result of these lifestyle changes. Skin and lung cancer risk factors include exposure to UV radiation and hazardous chemicals. Numerous therapies are used to treat the rising number of cancer patients, which will propel the worldwide custom antibody market, given its efficacy and capacity to provide a successful treatment plan. A further factor in the market's expansion will be a greater understanding of the causes, signs, and cancer therapies, including custom monoclonal antibodies.
Restraints: The high costs of custom antibodies.
The mAbs are very expensive. The lack of proper access to healthcare facilities and the limited financial capacity of the middle- and low-income groups in emerging and underdeveloped countries present a substantial obstacle for market participants and could impede the industry's expansion.
Opportunities: Growing the research and development.
The potential for various chronic diseases that were previously incurable to be cured thanks to personalized antibodies has prompted both public and commercial players to expand their financing for research and development. Similar to this, different uses of cell therapies using custom antibodies are being researched to understand how they might be used to treat diseases and ailments. Scientific advancements and discoveries have expanded government financing for research to improve the healthcare industry. The market will accelerate due to partnerships, collaborations, and acquisitions made to enhance medicine and improve global health indices.
Challenges: the high production costs.
The high cost and time associated with identifying and developing viable antibodies hampered the market expansion. Additionally, emerging and impoverished economies lack cancer awareness and the possible treatment options. The lack of accessibility to necessary medications and treatment options further exacerbates the problem for the global custom antibody market. Due to limited financial resources and access to healthcare services and other facilities, most individuals go undiagnosed. During the anticipated period, this aspect is anticipated to restrain market expansion.
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Some of the major players operating in the global custom antibody market are:
• Genscript
• Merck Group
• Thermo Fisher Scientific Inc.
• Rockland Immunochemicals Inc.
• Abcam PLC
• Cell Signaling Technology, Inc
• Bio-Rad Laboratories, Inc.
• Agilent Technologies, Inc.
• Promab Biotechnologies, Inc
• Biolegend, Inc.
• Innovagen Ab.
• Proteogenix
Key Segments covered in the market:
By Research Area
• Neurobiology
• Infectious Diseases
• Oncology
• Cardiovascular Disease
• Immunology
• Stem Cells
• Others
By Type
• Polyclonal Antibodies
• Monoclonal Antibodies
• Recombinant Antibodies
• Others
By Source
• Rabbits
• Mice
• Others
By Service
• Antibody Production & Purification
• Antibody Development
• Antibody Fragmentation & Labeling
By End User
• Contract Research Organizations
• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
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