Press release
Global Antibody Library Technologies Market Worth US$ 172.9 Mn in Revenues by 2026-End
“Owing to the limitation and shortcomings of the conventional molecular display technologies, medical research organizations are now shifting towards new age display less’ technologies, capable of isolating antibodies up to subnanomolar affinities.” – Analyst, Persistence Market Research
As the market becomes more competitive, players aim to offer additional services complementary to antibody libraries.
Consolidation between technology developers and drug development organizations in order to increase the consumer base has been identified as a prominent trend in the global market for antibody library technologies.
Widespread adoption of cell-free display platform will persist throughout the forecast period, owing to the compact nature of such contemporary display platforms. For instance, the popularity of cell-free ribosome display technology has grown significantly amongst end-users in recent years.
Phage display to remain as the predominant antibody library technology in 2017 and beyond. Moreover, constant technological advancement is expected to support its widespread adoption in the medium term. Phage display was the first in vitro technology developed for antibody selection and is extensively used by scientists all over the world. In 2016, sales revenue of phage display technology reached US$ 68.0 Million and is likely increase at 5% CAGR over 2024. Based on application, antibody library technologies are primarily used in drug discovery programs. Nearly US$ 81.3 Million worth antibody library technologies were purchased for drug development purposes in 2016. Meanwhile, biopharmaceutical companies remain the major end users of such technologies and are expected to create an incremental opportunity of US$ 44.Mn between 2016 and 2026 for the market.
Amongst all the key regions, the antibody library technologies market in North America accounted for a massive revenue share of 57.5% in 2015. This is primarily due to the favorable government initiatives for development of cost-effective monoclonal antibodies in the US, which is driving the demand for antibody library technologies in the region. North America will continue to be most lucrative market over the forecast period followed by Europe and APAC.
A Sample of this Report is Available Upon Request @ http://www.persistencemarketresearch.com/samples/11155
Some of the leading companies profiled in the PMR report include MorphoSys AG, Dyax Corp., Abzena Plc., XOMA Corporation, AvantGen Inc., Creative-Biolabs, AbCheck s.r.o., Philogen S.p.A, Adimab LLC, Invenra Inc. AnaptysBio, Inc., Abwiz Bio Inc., Abgent Inc., Vaccinex Inc., and AxioMx Inc. Collaborations and cross-licensing have been key market strategies for many of these companies having operations across the globe.
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About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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