According to our new research study on "Antibody Discovery Market Forecast to 2030 - Global Analysis - by Antibody Type, Nature, Services, End User, and Geography" the market value is expected to reach US$ 4.92 billion by 2030 from US$ 2.94 billion in 2022; it is anticipated to register a CAGR of 6.7% from 2022 to 2030.
Factors such as the increasing investments in research & development and the rising incidence of cancer propel the antibody discovery market growth. However, high cost of production impede the growth of the market.
Proliferation of Biotechnology Industry in Developing Regions Creates Opportunities for the Antibody Discovery Market
The remarkable precision of antibodies in identifying antigens makes them invaluable tools for scientists and clinicians. In modern biotechnology, antibodies are required in numerous processes, from fundamental research to innovative medical evaluations. The development of therapeutic antibodies has opened new avenues in treating various diseases, demonstrating the transformative ability of these particles. Antibodies are also crucial in antibody-based diagnostics as they provide accurate and reliable approaches to disease identification. Growing support from governments, rising public-private partnerships, continuously changing disease profiles, and increasing funding activities are widely enhancing the performance of biotechnology industries in regions such as Asia Pacific, South & Central America, and the Middle East & Africa.
As per the Organization for Economic Co-operation and Development (OECD), China was a frontrunner in terms of R&D expenditure as of 2019. Heavy investments encourage the adoption of advanced technologies in the healthcare sector. Governments of countries in regions such as Asia and the Middle East & Africa offer tax incentives, cheaper land, and direct investments for encouraging biotechnology companies to expand their capacities and strengthen their capabilities. Thus, countries such as the UAE, Saudi Arabia, Oman, Muscat, Bahrain, Taiwan, Malaysia, India, China, Singapore, and Japan are among the most advantageous destinations for the biotechnology industries. Furthermore, these Asian countries are more focused on exploring the application of genomics, proteomics, and biomarkers in diagnostics and therapeutics. Therefore, the ongoing proliferation of biotechnology industries in developing regions is expected to create opportunities for the antibody discovery market in the coming years.
The "Global Antibody Discovery Market" is segmented on the basis of Antibody Type, Nature, Services, End User, and Geography.
Antibody Type Overview
Based on antibody type, the antibody discovery market is segmented into monoclonal antibodies, polyclonal antibodies, and others. The monoclonal antibodies segment held a larger market share in 2022. The same segment is anticipated to register a higher CAGR of 6.9% during the forecast period. Monoclonal antibodies (mAbs) are designed to interact specifically with diseased cells without harming healthy cells. Cancer therapy is one of the significant application areas wherein monoclonal antibodies are used. These are widely accepted biologics and are expected to present high-value opportunities to pharmaceutical manufacturers during the forecast period. Moreover, awareness about the applications of mAb therapies is increasing notably among patients and physicians. As a result, the approval of blockbuster mAbs for the treatment of various indications is expected to favor the antibody discovery market growth during the forecast period. Several drugs such as Avastin, Herceptin, Remicade, and Rituxan have been approved by the FDA for cancer, rheumatoid arthritis, Crohn's disease, ulcerative colitis, etc.
Nature Overview
Based on nature, the antibody discovery market is segmented into human and humanized, chimeric, and murine. The human and humanized segment held a larger market share in 2022, and the same segment is anticipated to register a higher CAGR during the forecast period. Human and humanized antibodies are engineered genetically by grafting complementarity-determining regions (CDRs) from a non-human antibody with the desired antigen binding specificity into the corresponding CDRs of another antibody, more prominently derived from humans. These antibodies are gaining significant acceptance and popularity because of their higher specificity and stability, and lower costs. Additionally, human and humanized antibodies have a strong track record of clinical efficacy.
Service Overview
The antibody discovery market, based on service, is divided into phage display, hybridoma, transgenic animal, yeast display, and single cell. The phage display segment dominated the market share in 2022, and the same segment is anticipated to register the highest CAGR of 7.3% during the forecast period. The phage display technique is used for in vitro antibody selection. Viruses that infect bacteria are mainly used as gene vectors for the expression of antibody fragments (proteins), which are typically single-chain variable fragments (scFv) or Fab fragments present on the virus. The expressed antibody fragments can then be examined for binding to a specific target of interest. Speed, simplicity, and cost-effectiveness associated with the process of identification of binders are among the major advantages of phage display technology.
The global antibody discovery market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America regional market is expected to grow with a CAGR of 6.8% during 2022-2030. The North America antibody discovery market is segmented into the US, Canada, and Mexico. The increasing prevalence of cancer, the strong presence of antibody research organizations, and technological advancements in the R&D sector help in the market expansion in North America. An upsurge in funding further enables the development of new technologies by allowing the pooling of resources and expertise across countries and organizations and conducting research work into existing antibody treatments. This has led to a better understanding of the immune system, and the development of effective and targeted antibodies. Additionally, the increased funding allows scientists to conduct large-scale clinical trials that are mandatory to evaluate the effectiveness of a particular antibody. The strategic presence of key players positioned in North America drives the expansion of the antibody discovery market size. However, Asia Pacific region is expected to register highest CAGR during the forecasted period. China is predicted to hold the largest market share in 2022, and India is expected to show a significant growth rate in the market. The biopharmaceutical industry in China is undergoing a tremendous shift, evolving from a generics-focused landscape to a thriving innovation hub. Additionally, progress in industrialization, and the application of novel drugs, high-end medical devices, and techniques contribute to the antibody discovery market growth in China.
Antibody Discovery Market, by Region, 2022 (%)
Source: The Insight Partners Analysis
Creative Biolabs, Evotec, BioDuro-Sundia, Bruker Cellular Analysis, Biocytogen, Charles River Laboratories, Aragen Life Sciences Pvt. Ltd, Twist Bioscience, NanoCellect Biomedical, and Sartorius AG. are among the leading market players of antibody discovery market. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which allows them to serve a large set of customers and subsequently increase their market share.
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