Growing Incidences of Neurodegenerative Diseases Will Escalate Growth of Global Research Antibodies Market
The proteins comprising B cells are called antibodies. Such B-cells are a part of the immune system of the human body. The major function of antibodies is to link antigens and flag them for destruction. The research antibodies can bind the particular molecules that make them fit probes in cell research. The research antibodies are vital tools for studying protein function in cells. They are utilized in identifying the molecules of interest in cells.
The growing research and development activities by the pharmaceutical and biopharmaceutical companies to innovate advanced products are fuelling the growth of the global research antibodies market. There is a significant growth in the incidences of neurodegenerative diseases like Parkinson's disease, multiple sclerosis, and Huntington's disease. Also, the surge in the population and non-availability of proper treatment are further boosting the demand for research antibodies to innovate novel and effective treatments along with advanced therapeutics and personalized medicines. Government is boosting the funding for technological advancements and research & development activities to innovate advanced medicine for cancer treatment. However, all these emerging factors will escalate the growth of the global market.
The global research antibodies market can be segmented into end user, application, source, technology, type, product, and region.
By end user, the market can be segmented into pharmaceutical & biotechnology companies, contract research organization, academic & research institutes, and others.
By application, the market can be segmented into neurobiology, stem cells, oncology, immunology, infectious disease, and others.
By source, the market can be segmented into goat, rabbit, mouse, and other sources.
By technology, the market can be segmented into immunoprecipitation, flow cytometry, western blotting, immunofluorescence, immunohistochemistry, and other technologies.
By type, the market can be segmented into polyclonal and monoclonal antibodies.
By product, the market can be segmented into secondary and primary products.
North America accounts for the largest share in the global research antibodies market due to the growing research & development activities in the field of research antibodies in the region. The ongoing technological advancements in the field of research antibodies will also propel the growth of the regional market.
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Zion Market Research has published a new report titled “Research Antibodies Market by Product (Reagents and Antibodies); by Technology (Enzyme-linked Immunosorbent Assay, Flow Cytometry, Immunohistochemistry, Immunoprecipitation, Immunofluorescence, Western Blotting and Others); by Application (Genomics, Drug Development, Proteomics and Other Applications), for Contract Research Organizations, Academic & Research Institutes and Pharmaceutical & Biotechnological Companies: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025”. According to the report, global demand for research antibodies market was valued at approximately USD 9.74 billion in 2018, and is expected to generate revenue of around USD 13.91 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.
Some of the significant players in the global research antibodies market are Agilent Technologies, Cell Signalling Technology; Inc., Lonza Group, BD, Abcam PLC, Bio-Rad Laboratories, Merck Millipore, Thermo Fisher Scientific, F. Hoffmann La Roche Ltd., and PerkinElmer; Inc. To cite, Thermo Fisher Scientific Inc. in 2018 partnered with Montreal Neurological Institute with the objective to develop, produce, and characterize antibodies for advanced neurological research.
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