Neuroscience Antibodies and Assays Market To Reach USD 7.06 Billion By 2028 | At a CAGR 10.4% - Reports and Data

The global neuroscience antibodies and assays market size is expected to reach USD 7.06 Billion by 2028 at a CAGR of 10.4%, according to the latest report by Reports and Data. Increasing prevalence of neurological disorders, rapid advancements in neurological research, and growing support by government and healthcare organizations to accelerate drug discovery and development for neurological disorders are key factors expected to drive market revenue growth over the forecast period. Increasing research and development in biopharmaceutical sector and rising demand for high-quality neuroscience antibodies to study novel and potential drug targets are also expected to drive market growth going ahead.

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Rising incidence of neurological disorders, rapid progress in drug discovery and development, and increasing discovery of new potential drug targets are key factors driving market growth

The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Neuroscience Antibodies and Assays Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Prominent companies operating in the market include Thermo Fisher Scientific, Inc., Abcam, Bio-Rad, Merck KGaA, BioLegend, Cell Signaling Technology, F. Hoffmann-La Roche, GenScript, Rockland Immunochemicals, Santa Cruz Biotechnology, Siemens, and Tecan.

Neuroscience Antibodies and Assays Market Segmentation:

Product Outlook (Revenue, USD Billion; 2018-2028)
Consumables
Reagents
Antibodies
Primary Antibodies
Secondary Antibodies
Assay Kits
Instruments
Microplate Readers
Immunoassay Analyzers
Other Instruments

Technology Outlook (Revenue, USD Billion; 2018-2028)
Immunochemistry/Immunoassays
ELISA
Western Blotting
Others Immunoassays Technologies
Molecular Diagnostics
Clinical Chemistry
Other Technologies

Application Outlook (Revenue, USD Billion; 2018-2028)
Research
In Vitro Diagnostics
Drug Discovery and Development

End-use Industry Outlook (Revenue, USD Billion; 2018-2028)
Pharmaceutical and Biopharmaceutical Companies
Academic and Research Institutes
Hospital and Diagnostic Centers

Regional Outlook:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Frequently asked questions addressed in the report:

What is the revenue growth rate of the global Neuroscience Antibodies and Assays market over the forecast period?
What are the major factors driving the growth of the Global Neuroscience Antibodies and Assays Market?
What are the key challenges impacting the global Neuroscience Antibodies and Assays market growth?
What are the outcomes of the SWOT Analysis and Porter's Five Forces Analysis conducted in the report?

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