According to the new market research report "Research Antibodies and Reagents Market by Product (Antibodies (Type, Form, Source, Research Area), Reagents), Technology (Western blotting, Flow Cytometry), Application (Proteomics, Drug Development), End User - COVID-19 Impact - Global Forecast to 2025", published by MarketsandMarkets™, the global market size is projected to reach USD 14.1 billion by 2025 from USD 10.1 billion in 2020, at a CAGR of 6.7% during the forecast period.
The growth is due to evolution of market owing to factors such
as growth in proteomics and genomics research, rising demand for high-quality
antibodies for research reproducibility, and increasing R&D activity and
expenditure in the life sciences industry. Fueled by the growing demand for
personalized medicine and structure-based drug design, the global market is
expected to witness significant growth in the coming years.
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Antibodies and Reagents Market"
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The COVID-19 outbreak has boosted research activity due to
efforts to understand the dynamics of the infection. We estimate that the major
share of research antibody and reagent manufacturing, along with personalized
medicine, will grow at a stable pace in the next five years. Due to the
increase in research activity, both the availability of funding for research
and the demand & manufacturing of reagents and antibodies are expected to
grow. As companies after pandemic have scaled up their operations for testing
and tracking the infection of COVID-19. This has given a chance for growth in
profits for companies operating in the NGS and PCR markets. The growth in
revenue is 5–7%, as COVID-19 testing has increased with the use of the latest
technology of genetic and molecular testing. The shift in demand for research
for COVID-19, neurobiology, and oncology has created a huge scope for testing
solutions, such as western blotting, flow cytometry, ELISA, and drugs for
researchers and laboratories.
The antibodies segment is expected to grow at the highest CAGR
during the forecast period
Based on product, the research antibodies market is segmented
into reagents and antibodies. The antibodies segment is expected to grow at
highest CAGR in forecast period. This is due to the research-use antibodies
offer high specificity and selectivity and are used ubiquitously in biochemical
and medical research for protein-target identification, regulatory characterization,
and discovery.
The primary antibodies segment is accounts for the largest share
of the research reagents market
Based type, the research reagents market is segmented into
primary antibodies and secondary antibodies. The primary antibodies segment held
the largest share of the global research antibodies market in 2019. This
segment is witnessing a strong growth due to the use of these antibodies in
numerous types of assay formats. Their accuracy in biomarker detection and
their high specificity and sensitivity are also driving their adoption
The media & sera reagent is expected to account for the
largest share of the market, by type, in 2019
Based type, the research antibodies and reagents market is
segmented into media &sera, stains & dyes, fixatives, buffers,
solvents, enzymes, probes and other reagents. The media & sera reagent
segment held the largest share of the global research antibodies market in
2019. The large share of this segment is primarily attributed to the use of
these components in all types of assays, cell cultures, and techniques.
The western blotting segment is expected to account for the
largest share of the market, by technology, in 2019
Based on technology, the research antibodies market is segmented
into western blotting, flow cytometry, ELISA, Immunohistochemistry,
Immunofluorescence, Immunoprecipitation, and other technologies. Western
blotting segment is expected to grow at highest CAGR in forecast periods
(2020-2025). This is due to the high adoption of this technique in proteomic
and genomic research. The results achieved are easy to interpret, unique, and
unambiguous, making it suited for evaluating levels of protein expression in
cells, monitoring fractions during protein purification, and comparing the
expression of a target protein from various tissues.
The pharmaceutical & biotechnology segment is expected to
grow at the highest CAGR during the forecast period
Based on end user, the research reagents market is segmented
into the pharmaceutical & biotechnology companies, academic & research
institutions and Contract Research Organizations. The growth of this segment is
due to antibodies provide a gold standard for the detection of a biomolecule or
a pathway and are even capable of detecting specific changes in potential drug
targets. Additionally, highly specific reagents are used to measure
pharmacokinetic parameters in the preclinical and clinical development of
biological drugs. The increasing demand for personalized medicine and
government initiatives in this sector are the key market drivers for this
segment.
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The APAC market is expected to grow at the highest CAGR during
the forecast period
The Asia Pacific research
reagents market is expected to grow at the highest CAGR from 2020 to 2025.The
growth of this market is primarily due to growing proteomics and genomics
research and increasing research funding, investments by pharmaceutical and
biotechnology companies, and growing awareness of personalized therapeutics in
the region. Also, high-growth countries, such as China, India, Japan, South Korea, Taiwan, Australia, and Singapore are the major contributors to the Asia Pacific research antibodies and reagents
market. This region is expected to grow at the highest pace during the forecast
period primarily due to growing proteomics and genomics research and increasing
research funding, increasing investments by pharmaceutical and biotechnology
companies, and growing awareness about personalized therapeutics.
The prominent market players are Thermo Fisher Scientific (US),
Merck Group (Germany), Abcam plc (UK),
Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Cell Signaling
Technology (US), F. Hoffmann-La Roche (Switzerland), Danaher
Corporation (US), Agilent Technologies (US), PerkinElmer (US), Lonza (Switzerland), GenScript (China), and BioLegend (US).
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https://www.marketsandmarkets.com/Market-Reports/flow-cytometry-market-65374584.html
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