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Research antibodies are widely used tools for research studies in the field of immunology and cancer research. Monoclonal and polyclonal antibodies are used in flow cytometry, ELISA, immunohistochemistry, western blot to detect protein biomarkers for disease diagnosis and drug development research. The global Research Antibodies Market is estimated to be valued at US$ 4.2 billion in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand from biotechnology and pharmaceutical industries is one of the key trends driving the growth of the research antibodies market. Research antibodies play a vital role in drug discovery and development processes and are extensively used by biotechnology and pharmaceutical companies to study cellular signaling pathways and gene regulation mechanisms. Increasing R&D expenditure by biopharma companies on development of advanced therapeutics such as monoclonal antibodies is augmenting the demand for research antibodies. According to estimates, the global spending on biopharmaceutical R&D is expected to grow at a CAGR of 7.2% during 2023-2027, thereby fueling the adoption of research antibodies in coming years.
SWOT Analysis
Strength: High specificity and selectivity of research antibodies allows detection of target antigens with high sensitivity. Research antibodies are widely used in various life science techniques such as ELISA, western blot, IHC, etc.
Weakness: Quality of research antibodies vary between vendors and batches. Lack of standardized product attributes, characterization and validation methods poses reproducibility challenge.
Opportunity: Growing proteomics and genomics research sectors will drive demand for research antibodies to detect and validate new protein targets. Rising stem cell research and translational science also present opportunities.
Threats: Stringent regulatory approvals for research use and clinical diagnostic use demands high production standards. Cost pressure and commoditization of research reagents threatens pricing and margins.
Key Takeaways
The global research antibodies market is expected to witness high growth over the forecast period due to rising life science research activities.
North America dominates the market currently due to presence of leading CROs, pharmaceutical companies and availability of public and private research funding. The region is expected to retain its dominance in the coming years as well supported by growing translational and clinical research in the US.
Asia Pacific is expected to be the fastest growing market for research antibodies during the forecast period. This is due to increasing government and private investments in life science research and setting up of new research centers and labs. Countries like China and India are expected to drive the growth of the market in the region.
Key players operating in the research antibodies market are Thermo Fisher Scientific, Merck Group, Abcam, Becton, Dickinson and Company, Cell Signaling Technology, Bio-Rad Laboratories, F. Hoffmann-La Roche Ltd., Agilent Technologies, Danaher Corporation, PerkinElmer, and Lonza. These key players are focusing on expanding their product portfolios and presence in emerging markets through acquisitions and collaborations.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
