Monoclonal Antibody Custom Service Market Industry Current Trends, Application, Growth Factors, Development
Research Reports
Apr 19, 2022
The global monoclonal antibody custom service market is expected to exhibit a robust 10.84?GR over the forecast period, according to the latest research report from Market Research Future (MRFR). The global monoclonal antibody custom service market is mainly driven by the growing demand for cancer research and the increasing awareness about the benefits of monoclonal custom antibodies in the same.
Monoclonal antibody custom services are used to produce hybridomas of the exact cell type that the research requires. This has driven the demand from the monoclonal antibody custom services market, as this provides the researchers with an exact match of the type of cell being studied.
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The growing demand for long-term cancer research aimed at finding highly targeted medication is likely to be a major driver for the global monoclonal antibody custom services market over the forecast period. Cancer has become a major healthcare and economic burden in recent years, leading to the development of strong research environments looking for targeted therapies to cure all forms of cancer. This is likely to remain a major driver for the global monoclonal antibody custom services market over the forecast period, as the threat of cancer is growing and monoclonal antibodies represent one of the most promising ways of beating it.
The growing demand for healthcare research and increasing investment in personalized medication is also likely to be a major driver for the global monoclonal antibody custom services market over the forecast period. The growing threat of communicable diseases is also likely to drive the monoclonal antibody custom services market over the forecast period. The rising investment being made by governments of numerous countries in their healthcare sector and healthcare R&D in particular is likely to be a major driver for the global monoclonal antibody custom service market over the forecast period.
Competitive Analysis:
Leading players in the global monoclonal antibody custom services market include Thermo Fisher Scientific, Abnova Corporation, Abcam plc, Envigo, ProMab Biotechnologies Inc., Creative-Biolabs, and Genscript.
Industry Updates:
In March 2019, Genscript announced plans to fund the production of the first sustainable Drosophilia antibody library. The project to create a library of Drosophilia antibodies is ongoing at Harvard University, with the company pledging its funding as well as research and technical support to the project.
In April 2019, ImmunoPrecise launched a new antibody discovery platform called DeepDisplay.
Segmentation
The global monoclonal antibody custom service market is segmented on the basis of type, application, end use, and region.
On the basis of type, the global monoclonal antibody custom services market is segmented into rat custom monoclonal antibodies, rabbit custom monoclonal antibodies, and others. Rat custom monoclonal antibodies dominated the global monoclonal antibody custom services market in 2016 and are likely to remain the dominant segment over the forecast period due to the widespread support for the use of lab rats. However, the rabbit custom monoclonal antibodies segment is expected to exhibit the higher CAGR of 11.48% over the forecast period.
On the basis of application, the market is classified into diagnostic application, therapeutic application, and protein purification. The diagnostic application segment is sub-segmented into biochemical analysis and diagnostic imaging. The biochemical analysis segment is further segmented into pregnancy, cancer, hormonal disorder, and infectious diseases. The diagnostic imaging segment is further segmented into cardiovascular diseases, cancer, and bacterial infections. The therapeutic application segment is further segmented into MAb as therapeutic agents and MAb as targeting agents.
On the basis of end use, the market is segmented into hospitals, research and academic laboratories, pharmaceutical and biotechnology companies, and others.
Regional Analysis:
Regionally, the global monoclonal antibody custom services market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is expected to retain the lead in the global monoclonal antibody custom services market over the forecast period due to the widespread support for advanced medical research procedures in the region. However, Asia Pacific is expected to exhibit growth at a higher CAGR of 11.47% over the forecast period.
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