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IgG Antibody Market Growth: The Rise of Mammalian Polyclonal Solutions
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According to The Business Research Company's, The mammalian polyclonal immunoglobulin G (IgG) antibody market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increasing focus on rare diseases, expanding applications in research, increasing demand for therapeutic antibodies, evolving regulatory guidelines and quality standards, and expanding the biopharmaceutical sector.
The mammalian polyclonal immunoglobulin G (IgG) antibody market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising adoption in precision medicine, increasing research in immunotherapy, growing investments in biopharmaceutical research and development (R&D), emerging healthcare infrastructure, shift towards contract manufacturing. Major trends in the forecast period include technological advancements in antibody engineering, emergence of next-generation sequencing (ngs) assays, advancements in biomarker discovery, advances in bioconjugation technologies, advances in therapeutic applications.
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Market Drivers and Trends:
The rising consumption of animal based nutritional products is expected to propel the growth of the mannan oligosaccharide market going forward. Animal-based nutritional products refer to food or supplements derived from animal sources that provide essential nutrients such as protein, vitamins, and minerals for human consumption. The rising consumption of animal-based nutritional products can be attributed to various factors, such as perceived nutritional value, cultural and culinary traditions, and urbanization, all of which influence dietary choices and preferences worldwide. Mannan oligosaccharides, which promote intestinal health, strengthen the immune system, and improve growth performance, can be a helpful tool for increasing the sustainable and efficient production of animal-based nutritional products. For instance, in March 2023, according to the Australian Bureau of Statistics, an Australia-based government agency, meat production increased to 121.8 tons in 2021, and it further surged to 125.6 tons in 2022. Therefore, the rising consumption of animal based nutritional products is driving the growth of the mannan oligosaccharide market.
Major companies operating in the mammalian polyclonal IgG antibody market are developing new therapeutics that contain species-matched isotypes to advance the therapeutics offering and medication solution. Species-matched isotypes are antibody versions engineered to match the studied or treated species. For instance, in March 2022, Absolute Antibody, a UK-based provider of recombinant antibody products and services, launched dog IgG2 (IgG-B) and dog IgG4 (IgG-D) isotype versions for oncology research in dogs or as in vitro serological controls for canine immune responses. These species-matched isotypes induce low anti-species immune responses in animal models, enhancing antibody efficacy and cohort consistency. Canine IgG2 is homologous to human IgG1, while canine IgG4 corresponds to human IgG4.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer Inc., Bio-Rad Laboratories Inc., GeneTex, GenScript Biotech Corporation, Jackson ImmunoResearch Laboratories, Abcam Inc., R&D Systems, Sino Biological, Fortis Life Sciences, OriGene Technologies, Cell Signaling Technology Inc., Cedarlane Labs, Capralogics Inc, Proteintech Group, ProSci LLC, Santa Cruz Biotechnology Inc., Rockland Immunochemicals Inc., Novus Biologicals LLC, Creative Diagnostics, Fitzgerald Industries International Inc.
Mammalian Polyclonal Immunoglobulin G (IgG) Antibody Market 2024 Key Insights:
• The mammalian polyclonal immunoglobulin G (IgG) antibody market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Animal Health Spending Driving Growth In Small Mammal And Reptile Food Market
• Development In Therapeutics Is Advancing Mammalian Polyclonal IgG Antibodies Market
• North America was the largest region in the mammalian polyclonal immunoglobulin G (IgG) antibody market in 2023
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