MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Antibody Market by Product Type (Monoclonal Antibodies, Polyclonal Antibodies, & Antibody-drug Complexes (ADCs)), By End-User (Hospitals, Long-term Care Facilities, & Research Institutes), and Region – Global Forecast to 2028.”, which offers a holistic view of the global antibody market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 915,539 Mn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Antibodies (also called immunoglobulins) are secreted by B cells to neutralize antigens, such as bacteria and viruses. Generally, all antibodies have the same Y-shaped molecular structure of four polypeptides, with two heavy chains and two light chains.
Global Antibody Market: Market Dynamics
Strong growth in the pharmaceutical and biotechnology industries is the main factor driving the growth of the global antibody market. The monoclonal antibody market occupies a large market share because compared with other antibodies, monoclonal antibodies have higher specificity, selectivity, and ease of production. Therefore, it is the first choice for all types of research, which provides opportunities for the growth of the target market. The increasing prevalence of chronic diseases, infections, and immune system diseases is another key factor driving market growth
Increased awareness of recombinant antibodies as potential substitutes may hinder the growth of the target market to a certain extent.
Researchers are paying more and more attention to the development of reproducible, high-quality antibodies. This is increasing research funding and increasing investment in the pharmaceutical and biotechnology industries. This is another factor that is expected to further promote the growth of the target market in the next few years.
Global Antibody Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global antibody market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global antibody market is estimated to expand at a moderate CAGR of 8.5% during the forecast period.
Global Antibody Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end-user, and region. The product type segment includes monoclonal antibodies, polyclonal antibodies, & antibody-drug complexes (ADCs). The end-user includes hospitals, long-term care facilities, & research institutes. The region covered in the analysis is North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By product type: The monoclonal antibodies segment is expected to register a CAGR of over 8.5%, thereby accounting for the highest revenue share among the product type segments.
By end-user: The hospital segment is expected to register a CAGR of over 8.5% over the forecast period, thereby accounting for the highest revenue share among the end-users.
By region: The market in North America accounted for the highest revenue share in the global antibody market in 2020 and is estimated to register a CAGR of over 8.4% between 2020 and 2028.
Global Antibody Market: Competitive Analysis
The research report on the global antibody market includes profiles of major companies such as Novartis AG, Roche Holding AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Amgen Inc, Biogen Inc, Bristol-Myers Squibb Company, AbbVie Inc, Sanofi, Eli Lilly and Company.
The Global Antibody Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Antibody Market for 2021–2028.
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