Press release
Monoclonal Antibody Custom Service Market is Projected to grow at a CAGR of 10.84% from 2017 to 2023
Monoclonal Antibodies are a class of antibodies derived from a single ancestral cell. These antibodies have tendency to grow indefinitely and are very particular for a location in the body derived from a single clone. Monoclonal antibody custom service offers the development of both rat and mouse hybridomas for the production of custom monoclonal antibodies from synthesized peptide or recombinant protein antigens. These services provide a comprehensive services for antibody cloning, expression, engineering, and purification in addition to custom antibody development for multiple pharmaceutical and biotechnological companies. Increasing investment in research & development, increasing prevalence of chronic diseases, infections, and rising occurrence of immunological diseases are the key factors driving the market growth. However, high cost of monoclonal antibody services may hinder the growth of market to an extent.
It is estimated that monoclonal antibody custom service market is expected to grow at a CAGR 10.84% during the forecast period 2017-2023.
Taste the market data and market information presented through more than 296 market data tables and figures spread over 251 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “monoclonal antibody custom service market research report–Global forecast till 2023.”
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Key Findings
• The global monoclonal antibody custom service market is expected to reach USD 1,461.93 million by 2023 at a CAGR of 10.84%.
• On the basis of type, rat custom monoclonal antibody market is expected to command the largest market share of48.83% over the review period. However rabbit monoclonal antibody market is expected to grow at the fastest CAGR of 11.48% during the forecast period 2017-2023
• The Americas hold the largest share of the monoclonal antibody custom service market and is expected to reach USD 523.77 million by 2023
• Asia pacific is the fastest growing market, which is expected to grow at a CAGR of 11.47% over the 2017-2023
Major Key Players in Global Monoclonal Antibody Custom Service Market
Some of key the players in the market are Thermo Fisher Scientific, GenScript, Abnova Corporation, Creative-Biolabs, Abcam plc, ProMab Biotechnologies Inc, Envigo, and others.
The global monoclonal antibody custom service market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas is the leading market across the globe on account of increasing patient population. According to the National Cancer Institute in 2016, 1.6 million new cases of cancer were diagnosed in the US.
Europe accounts for the second largest market in the world. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The increasing government support for development of the healthcare domain drives the European market.
Asia-Pacific region is projected to be the fastest growing region during the forecast period. The high growth rate is due to increasing risk of infectious diseases in this region.
The Middle East and Africa holds the least share of the global market owing to the presence of poor and slow developing countries, especially, in African region.
Key Players
Some of key the players in the market are Thermo Fisher Scientific, GenScript, Abnova Corporation, Creative-Biolabs, Abcam plc, ProMab Biotechnologies Inc, Envigo, and others.
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Segmentation
The global monoclonal antibody custom service market is segmented on the basis of type, application, and end-users.
On the basis of type, the market is segmented into rat custom monoclonal antibody, rabbit custom monoclonal antibody, and others.
On the basis of application, the market is classified into diagnostic application, therapeutic application, and protein purification. The diagnostic application further segmented into biochemical analysis, and diagnostic imaging. The biochemical analysis is further segmented into pregnancy, cancer, hormonal disorder, and infectious diseases. The diagnostic imaging is further segmented into cardiovascular diseases, cancer, and bacterial infections. The therapeutic application is further segmented into MAb as therapeutic agents, MAb as targeting agents.
On the basis of end -users, the market is segmented into hospital, research & academic laboratories, pharmaceutical & biotechnology companies, and others.
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LIST OF TABLE
TABLE 1 PRIMARY INTERVIEWS 19
TABLE 2 GLOBAL MONOCLONAL ANTIBODY CUSTOM SERVICE MARKET, BY TYPE 2014-2023 (USD MILLION) 33
TABLE 3 GLOBAL RAT CUSTOM MONOCLONAL ANTIBODY MARKET, BY REGION 2014-2023 (USD MILLION) 34
TABLE 4 GLOBAL RABBIT CUSTOM MONOCLONAL ANTIBODY MARKET, BY REGION, 2014-2023 (USD MILLION) 35
TABLE 5 GLOBAL MONOCLONAL ANTIBODY CUSTOM SERVICE MARKET, BY APPLICATION 2014-2023 (USD MILLION) 38
TABLE 6 GLOBAL DIAGNOSTIC APPLICATION MARKET, BY REGION 2014-2023 (USD MILLION) 41
TABLE 7 GLOBAL THERAPEUTIC APPLICATION MARKET, BY REGION 2014-2023 (USD MILLION) 43
TABLE 8 GLOBAL PROTEIN PURIFICATION MARKET, BY REGION, 2014-2023 (USD MILLION) 44
TABLE 9 GLOBAL MONOCLONAL ANTIBODY CUSTOM SERVICEMARKET, END USER, BY REGION, 2014-2023 (USD MILLION) 46
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