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Polyclonal Antibodies Market Growth & Competitive Outlook 2024-2033
Polyclonal Antibodies Market Growth
According to The Business Research Company's, The polyclonal antibodies market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to biomedical research demand, increased diagnostic applications, increase in chronic diseases, wide range of applications ..
The polyclonal antibodies market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to expanding diagnostic technologies, therapeutic advancements, rise in infectious diseases, increased research funding, collaborations and partnerships.. Major trends in the forecast period include advancements in antibody engineering, growing role in cancer immunotherapy, rise of biosimilar polyclonal antibodies, application in neurological disorders, regulatory advances and compliance..
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Market Drivers and Trends:
The increasing prevalence of cancer is expected to propel the growth of the polyclonal antibodies market going forward. Polyclonal antibodies are used in cancer research and treatment for biomarker detection, immunohistochemistry, targeted therapy, and immunotherapy, improving cancer diagnosis, treatment, and patient outcomes. The increase in cancer patients contributes to the growth of the polyclonal antibodies market. For instance, in September 2022, according to Cancer Australia, an Australia-based cancer control organization founded in Australia and its territories to help cancer sufferers and increase awareness of the disease, 2,572 new instances of stomach cancer are expected to be detected in 2022 (1,661 male cases and 911 female cases) in Australia. By the time they are 85 years old in 2022, a person has a 1 in 114 (or 0.87%) chance of having stomach cancer (1 in 1.1 or 87% for men and 1 in 167 or 0.60% for women). Therefore, the increasing prevalence of cancer drives the growth of the polyclonal antibodies market.
Research and development are the key trend gaining popularity in the polyclonal antibodies market. Major companies involved in polyclonal antibodies are focused on research and development to improve their observation power and sustain their position in the market. For instance, In July 2022, GigaGen Inc., a US-based biotechnology company, published a research article titled 'GMP manufacturing and IND-enabling studies of a recombinant hyperimmune globulin targeting SARS-CoV-2,' in the international, peer-reviewed journal Pathogens. This paper describes the company's recombinant polyclonal product that targets SARS-CoV-2, GIGA-2050, for the first time, as well as the GMP (good manufacturing practice) production and IND (Investigational novel Drug)-enabling investigations of its novel class of pharmaceuticals, recombinant polyclonal antibodies. GIGA-2050 has over 12,000 antibodies from a single master cell bank (MCB). Before GIGA-2050, manufacturing procedures for considerably smaller recombinant antibody mixes frequently involved creating separate MCBs for each monoclonal antibody and combining the MCBs before manufacture.
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Major Key Players of the Market:
Abcam plc; GenScript Biotech Corporation; Merck KGaA; Thermo Fisher Scientific Inc.; Becton Dickinson and Company; BioLegend Inc.; Bio-Rad Laboratories Inc.; Cell Signaling Technology Inc.; F. Hoffmann-La Roche Ltd.; PerkinElmer Inc.; Creative Diagnostics; Agilent Technologies; Analytik Jena GmbH; Atlas Antibodies; Danaher Corporation; DC Biosciences Ltd.; Illumia Inc.; ImmonoPresice Antibodies Ltd; Fujirebio; Omega BioTek Inc.; Dovetail Genomics LLC; Abnova Corporation; Santa Cruz Biotechnology Inc.; Enzo Life Sciences Inc.; Rockland Immunochemicals Inc.; IGY Life Sciences; Genway Biotech; Good Biotech; Gallus Immunotech Inc.; BioGenes GmbH; Capralogics Inc.; Bio X Cell
Polyclonal Antibodies Market 2024 Key Insights:
• The polyclonal antibodies market will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Polyclonal Antibodies Market Surges Amid Rising Cancer Prevalence
• Gigagen's Pioneering Research And Development In Recombinant Polyclonal Antibodies Targeting Sars-Cov-2 Reshapes The Landscape
• North America was the largest region in the polyclonal antibodies market in 2023
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