Press release
Diagnostic Specialty Antibodies Market 2024-2033: Growth Trends & Forecast Analysis
The diagnostic specialty antibodies market size is expected to see strong growth in the next few years. It will grow to $37.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to expanding disease biomarkers, rapid point-of-care testing, emerging infectious diseases, biosimilar and generic development, ai and machine learning integration. Major trends in the forecast period include technological advancements in assay development, integration of nanotechnology, enhanced specificity and selectivity, integration with wearable devices, continuous assay miniaturization.
Market Overview -
Diagnostic specialty antibodies refer to a class of antibodies that are specifically designed and developed for diagnostic purposes. These antibodies are utilized in various diagnostic tests and assays to detect and identify specific biomarkers, antigens, or pathogens in patient samples.
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Expanding Patient Pool For Hiv Diagnosis Boosts Diagnostic Specialty Antibodies Market
The growing patient pool for HIV diagnosis is expected to propel the growth of the diagnostic specialty antibodies market going forward. The growing patient pool of HIV diagnoses refers to an increasing number of individuals who are being diagnosed with HIV (Human Immunodeficiency Virus). As the number of individuals being diagnosed with HIV increases, the market for diagnostic specialty antibodies expands, creating opportunities for manufacturers to develop and supply specialized antibody-based diagnostic products for HIV testing, enabling the detection of specific biomarkers associated with the virus and aiding in the early detection and monitoring of HIV infection. For instance, in July 2022, according to The Joint United Nations Programme on HIV/AIDS (UNAIDS), the Switzerland-based UN program dedicated to addressing the global HIV or AIDS epidemic, the global population living with HIV increased by 1.6% from 37.8 million in 2020 to 38.4 million in 2021. Further, there were approximately 1.5 million new HIV infections reported in 2021. Therefore, the growing patient pool of HIV diagnoses is driving the growth of the diagnostic specialty antibodies market.
Competitive Landscape -
Major companies operating in the diagnostic specialty antibodies market report are F. Hoffmann-La Roche AG, Sanofi SA, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Boehringer Ingelheim International GmbH, Merck KGaA, Becton Dickinson and Company, Regeneron Pharmaceuticals Inc, Agilent Technologies Inc., Sartorius AG, Bio-Rad Laboratories Inc., Quest Diagnostics Inc., STEMCELL Technologies Inc., Abcam PLC, Telix Pharmaceuticals Limited, Aytu BioScience Inc., Enzo Life Sciences Inc., Rockland Immunochemicals Inc., Santa Cruz Biotechnology Inc., Creative Diagnostics, Novus Biologicals LLC, Confo Therapeutics SA, Precirix NV, Creative Biolabs Inc., Polymun Scientific ImmunbiologischeForschung GmbH.
Product Innovation Drives Growth In The Diagnostic Specialty Antibodies Market
Product innovation is a key trend gaining popularity in the diagnostic specialty antibodies market. Major companies operating in the diagnostic specialty antibodies market are focused on introducing novel products and solutions to strengthen their position in the market. For instance, in January 2023, Creative Diagnostics, a US-based company providing raw materials, antibodies, and reagents for the biotechnology industry, launched 1,000 new targets, including carrier-free formulations and conjugated antibodies, expanding its monoclonal antibody capabilities and product offerings to serve customers worldwide. The newly introduced monoclonal antibodies are designed to be versatile and high-performing tools for various applications. They can be utilized as ELISA (enzyme-linked immunoassay) detection tools in direct, indirect, and sandwich ELISA methods, offering improved specificity due to their single-epitope recognition. These antibodies have undergone rigorous validation and are suitable for a wide range of applications, including Western blotting (WB), flow cytometry (FC), immunohistochemistry (IHC), immunocytochemistry (ICC), immunofluorescence (IF), and immunoprecipitation (IP).
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Key Segments -
The diagnostic specialty antibodies market covered in this report is segmented -
1) By Antibody Type: Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Polyclonal Antibodies
2) By Application: Hepatitis, Tuberculosis, Dengue, Oncology, Human Immunodeficiency Virus (HIV), Infectious Disease, Other Applications
3) By End User: Diagnostic Laboratories, Hospitals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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