Increasing focus on research on chronic ailments will drive antibody labelling services applications
Increasing focus on research on chronic ailments will drive antibody labelling services applications
Fact.MR, Rockville MD: According to market research firm Fact.MR’s ongoing study, the multi-million dollar worthy antibody labelling market is expected to register impressive growth through 2021 and beyond. The dependence on antibody for diagnostic and therapeutic uses is expected to drive the market in the forthcoming years. With the demand for effective treatments for chronic ailments rising, antibody labelling services are expected to become integral to research and development initiatives.
Antibody labelling services are highly sought-after in various diagnostic procedures such as radioimmunoassay, ELISA, western blot test, enzyme immunoassay and others. Rising cases of various chronic ailments have been calling for innovation of advanced diagnostic and therapeutic. For instance, scientists around the world have been consistently focusing on finding an effective cure for HIV, different types of cancer, and other chronic ailments which might result in mortality.
Studies being conducted on these disease indications often involve examining the therapeutic effect of antibodies on antigens. Against this backdrop, the report perceives increasing research investment as a primary growth driver. According to Fact MR, the increasing use of antibody labelling services in immunohistochemistry, immunoprecipitation, flow cytometry, mass spectrometry, and others will continue aiding the overall expansion of the market.
“Rising cases of chronic ailments has put increasing focus towards research and development activities. This is in turn fuelling the demand for antibody labelling. Besides research and development, market players have been focusing on capacity expansion and strengthening their global footprint to gain competitive advantage,” said a lead analyst at Fact MR.
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Key Takeaways from Fact.MR’s Antibody Labelling Services Market Report
- Policies favoring research have been fuelling antibody labelling services demand in the U.S. and Canada
- Increasing number of diagnostic tests performed will drive growth in the U.K.
- Rising cases of chronic ailments and subsequent demand for effective diagnostic and cure will drive antibody labelling services market in Germany and France
- Biotin labeling is expected to emerge as top-selling type in the market
- Enzyme-linked immunosorbent assay or ELISA will remain chief application for antibody labelling
Antibody Labelling Services Market – Prominent Drivers
- The rising adoption of modern bioengineering and biology tools to improve drug development, therapeutic, and diagnostic applications will increase the use of antibody labelling
- Rising healthcare spending has been aiding clinical and technological advances in the sector. Consequently, antibody labelling services are being widely used in a broad range of applications
- More commonly, the rising use of antibodies to discover effective treatment for chronic ailments will fuel the demand for labelling services
Antibody Labelling Services Market – Key Restraints
- Higher price of antibody labelling services might hamper the growth of the market
Discover more about the antibody labelling service market with figures data tables and table of contents. You can also find detailed market segmentation at https://www.factmr.com/report/3411/antibody-labelling-services-market
Competitive Landscape
Thermo Fisher Scientific, Biologics International Corp., Advansta Inc., GeneCopoeia, Inc., Bio-Rad Laboratories, Inc., Expedeon Ltd., Creative Diagnostics, and others are among the companies profiled in the report.
Companies operating in the market are focusing on merger & acquisitions and strategic collaborations to gain competitive edge. Their key aim is expected to remain adding capacity and novel technologies to their portfolio.
More Insights into Antibody Labelling Service Market
In its latest report, Fact.MR offers unbiased analysis of the global antibody labelling services market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of labelling type (FITC labelling, HRP labelling, biotin labelling), application (western blot, Enzyme-Linked Immunosorbent Assay (ELISA), immunofluorescence, immunohistochemistry, flow cytometry, and screening of paired antibodies), and end user (hospitals, diagnostic laboratories, research laboratories, and pharmaceutical and biopharmaceutical companies) across seven regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, Japan, and Middle East & Africa)
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Source: Fact.MR