Press release
Research Antibodies and Reagents Market 2024-2033: New Technologies, Business Insights, Future Scope And Major Players
Research Antibodies and Reagents Market
The Business Research Company offers in-depth market insights through Research Antibodies and Reagents Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The research antibodies and reagents market size has grown strongly in recent years. It will grow from $15.19 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increase in pharmaceutical r&d expenditure, increased geriatric population, increased healthcare expenditure, increase in government funds for research and growth in the number of healthcare facilities.
The research antibodies and reagents market size is expected to see strong growth in the next few years. It will grow to $24.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to the increasing geriatric population, increasing prevalence of cancer and chronic diseases, increasing research and development spending, rise in healthcare expenditure, increasing financing for proteomics ventures, rising requirement for customized medicine and emergence of infectious diseases. Major trends in the forecast period include focusing on considering nanotechnology for identifying low-abundant molecules, launching innovative technological products to improve sales and profitability, focus on using advanced antibody purification technologies, consider acquiring and merging with other research agencies and centers and investing in r&d labs and initiatives..
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Market Segmentation:
The research antibodies and reagents market covered in this report is segmented -
1) By Technology: Western Blot, Immunofluorescence, Immunohistochemistry, Flow Cytometry, Enzyme-Linked Immunosorbent Assay (Elisa), Others
2) By Application: Proteomics, Genomics, Other Applications
3) By End User: Pharmaceutical & Biotechnology Industry, Academic & Research Institutes, Contract Research Organizations (CROs)
Major Driver - Boosting Investment In Medical And Health Research And Development Drives Research Antibodies And Reagents Market
Increasing investment in medical and health research and development (R&D) is predicted to contribute to the growth of the research antibodies and reagents market. In the field of life science research, antibodies and reagents are essential components for the investigation of biological processes or causes of diseases through careful experimentation, observation, laboratory work, analysis, and testing. For instance, in April 2021, according to a report published by the Congressional Budget Office, a US-based government agency that provides budget and economic information, pharmaceutical companies will have invested $83 billion on research and development activities around the world. Thus, increasing investment in healthcare research and development will increase the utilization of the research antibodies and reagents market.
Competitive Landscape:
Major companies operating in the research antibodies and reagents market report are Thermo Fisher Scientific Inc., Abcam plc, Cell Signaling Technology, Inc., Merck KGaA, Santa Cruz Biotechnology, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Johnson & Johnson, F. Hoffmann-La Roche AG, Becton Dickinson and Company, Biocon, Immunochina, Takara Bio, GE Healthcare, Zhejiang Kangte Biotechnology Co., Ltd., Wuxi Tech-star Technology Co., Ltd., Shaanxi Bloom Tech Co., Ltd., PerkinElmer Inc., Lonza Group AG, GenScript Biotech Corporation, Bio-Techne Corporation.
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Top Trend - Opportunities Arising From Technological Advancements In Antibody And Reagent Purification
Technological advancements in the area of purification of antibodies and reagents show opportunities for the growth of the research antibodies and reagents market during the forecast period. Irreproducible antibodies and reagents are a major challenge for the industry, as this will affect the outcome of the research. For instance, in April 2021, Native Antigen Company, a UK-based developer and manufacturer of antigens and antibodies, launched a SARS-CoV-2 Neutralisation Assay Development Kit, which includes all the necessary reagents for measuring Spike-antibody binding. The kit is specifically designed for the identification and qualitative measurement of neutralizing antibodies, with a focus on the RBD-ACE2 interaction.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Research Antibodies and Reagents Market Characteristics
3. Research Antibodies and Reagents Market Trends And Strategies
4. Research Antibodies and Reagents Market - Macro Economic Scenario
5. Research Antibodies and Reagents Market Size And Growth
…..
27. Research Antibodies and Reagents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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