According to HTF Market Intelligence, the Global Custom Antibody Market market to witness a CAGR of 6.9% during forecast period of 2023-2028. Global Custom Antibody Market Breakdown by Application (Hospitals and Clinics, Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Contract Research Organizations) by Type (Monoclonal, Polyclonal, Recombinant) by Service (Antibody Development, Antibody Production & Purification, Antibody Fragmentation & Labeling) by Source (Mice, Rabbit, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Custom Antibody Market market size is estimated to increase by USD 158 Million at a CAGR of 6.9% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 455 Million.
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The custom antibody market refers to the industry involved in the production, distribution, and sale of customized antibodies. Antibodies are proteins produced by the immune system to recognize and neutralize foreign substances such as bacteria and viruses. Custom antibodies are antibodies that are specifically designed and produced for a particular research, diagnostic or therapeutic application. The custom antibody market includes services such as antibody production, purification, conjugation, and labeling for various applications in research, diagnostics, and therapeutics. The market also includes related products such as antibody kits, reagents, and consumables.
Custom Antibody Market market – Key Segment Analysis
The market share growth by the Antibody Development segment will be significant during the forecast period. The segment is driven by the Increasing investments in research and development by pharmaceutical and biotechnology companies
Rise in the demand for customized antibodies in various diagnostic and therapeutic applications
Growing adoption of personalized medicine and targeted therapies.
Custom Antibody Market market – Competition Analysis
The global Custom Antibody Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Thermo Fisher Scientific Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Merck Group (Germany), Abcam plc (United Kingdom), Cell Signaling Technology, Inc. (United States), Agilent Technologies, Inc. (United States), GenScript (United States), BioLegend, Inc. (United States), Rockland Immunochemicals (United States), ProMab Biotechnologies (United States).
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Custom Antibody Market
Market Drivers
- Increasing investments in research and development by pharmaceutical and biotechnology companies
- Rise in the demand for customized antibodies in various diagnostic and therapeutic applications
- Growing adoption of personalized medicine and targeted therapies
Market Trend
- Growing demand for personalized medicine and targeted therapies
- Increasing research activities in the fields of immunology, cancer biology, and infectious diseases
- Advancements in antibody engineering and production technologies
Market Opportunities
- Expansion of product offerings into emerging markets
- Development of innovative antibody production technologies to improve efficiency and reduce cost
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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