Press release
Conjugation and Labeling Services Market Growth Projections and Key Players 2023-2031.
Conjugation and Labeling Services Market
According to the latest research by InsightAce Analytic, the global Conjugation and Labeling Services Market size is expected to record a promising CAGR of 8.62% during the forecast period of 2023-2031.
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Labeling techniques involve the covalent binding of different molecules, including biotin, reporter enzymes, fluorophores, and radioactive isotopes, to a target protein or nucleotide sequence. While several types of labels are available, their different uses are preferable for specific applications.
Many drug research and development organizations lack expertise in bioconjugation chemistry, in-house capacity, and advanced bioconjugation technologies crucial to the synthesis process. Several organizations choose to outsource their antibody conjugation and protein labeling services to leverage the experience and expertise of the providers. These events will support business growth by providing protein labeling, immunotherapy and immunotherapy services to the CROs.
The COVID-19 pandemic negatively impacted product sales due to decreased hospital visits and lower diagnosis rates.
Some of the prominent players in the Conjugation and Labeling Services Market are:
• AltaBioscience
• Bachem
• Bio-Synthesis
• Cayman Chemical
• CliniSciences
• Eurogentec
• GBI
• Mimotopes
• Peptide Institute
• piCHEM
• Other Prominent Players
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Market Dynamics:
Drivers:
Major driving factors of the conjugation and labeling services market are the increasing demand for therapeutic drugs, the high incidence of cancer, and rising R&D investments. Also, the rising number of pharmaceutical drug innovations is anticipated to fuel the conjugation and labeling services market growth in the near future. There will be rapid approval of peptide drug conjugates in treating cancers in the coming days due to the robust clinical pipeline of drugs. Moreover, advanced medical technology and the health-conscious public enhance business growth.
In Addition, conjugation and labeling services are expected to be driven by the surging partnerships, mergers, and acquisitions of market players.
Challenges:
Label-free techniques are preferred over labeled techniques because of their drawbacks, such as wet-lab complexity and flexibility. Additionally, the high-cost bioconjugation techniques limit the market growth.
Regional Trends:
North America holds the maximum market share due to the increased government investments in the healthcare sector, rapid adaption of advanced technologies, and the high prevalence of cancer. Due to factors such as well-established research facilities for the development of innovative drugs, and preclinical research, the United States has the largest market share in the North American region.
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Key developments in the market:
• In March 2023, Bachem signed a new framework agreement to provide large volumes of peptides following a joint development project.
• In July 2018, AltaBioscience partnered with Life Science Group Ltd. to supply a full range of custom antibody generation & associated services.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Molecules
• Proteins
• Peptides
• Small Molecules
• Antibodies
• Other Molecules
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Molecular Conjugates/Labels
• Polymers
• Haptens
• Enzymes
• Fluorescent Tags
• Bead Coupling / Particle Conjugates
• Quantum Dots
• Isotopes
• Other Molecular Conjugates/Labels
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Conjugation and Labeling Services Market Revenue (US$ Million) by Country, 2023 to 2031
• U.S.
• Canada
Europe Conjugation and Labeling Services Market Revenue (US$ Million) by Country, 2023 to 2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Conjugation and Labeling Services Market Revenue (US$ Million) by Country, 2023 to 2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Conjugation and Labeling Services Market Revenue (US$ Million) by Country, 2023 to 2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Conjugation and Labeling Services Market Revenue (US$ Million) by Country, 2023 to 2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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info@insightaceanalytic.com
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