The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies can reduce costs, increase efficiency, access expertise, and increase flexibility, thus creating opportunities in the research antibodies and reagents market. Also, an increasing number of local players in emerging markets, such as China, India, and Mexico, are offering their research antibodies and reagents products at lower prices than established market players. As a result, the pricing pressure on established players has increased, who are being compelled to adopt competitive pricing strategies to maintain their market shares and this is challenging market growth.
The report Research
Antibodies & Reagents Market is projected
to reach USD 16.2 billion by 2028 from USD 11.8 billion in 2023, at a CAGR of
6.5% during the forecast period.
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Key Market Dynamics:
Growth Drivers
- Increasing
research activity and funding for R&D
- Growing
industry-academia collaboration
Growth Opportunities
- Emerging
markets
- Personalized
medicine and protein therapeutics
- Growth in
stem cell and neurobiology research
- Increasing
focus on biomarker discovery
- Rising
interest in outsourcing
Challenges
- Cost and
time-intensive antibody development processes
- Pricing
pressure faced by prominent market players.
Trends
- Increasing
research on therapeutic antibodies
- Recombinant
antibodies supporting the smooth transition from in vitro to in vivo
- Growing
consolidation of the life sciences market for antibodies and reagents
Market Segmentation: -
On
the basis of the product, the research antibodies and reagents market are
segmented into reagents and antibodies. The antibodies segment is expected to
grow at highest CAGR in forecast periods (2023-2028). Antibodies are essential
for routine procedures, such as western blotting, flow cytometry, IHC, and
ELISA.
On
the basis of form, the research-use antibodies are categorized into monoclonal,
polyclonal, and recombinant antibodies. The monoclonal antibodies segment
accounted for the largest share of the research antibodies market by form in
2022.
On the Basis of type, the research reagents market
are segmented into media &sera, stains & dyes, fixatives, buffers,
solvents, enzymes, probes, and other reagents. In 2022, the media & sera
reagent segment held the largest share of the global research reagents market.
On the basis of technology, the research antibodies
and reagents market are segmented into ELISA, flow cytometry, western blotting,
Immunohistochemistry, Immunofluorescence, Immunoprecipitation, and other
technologies. In 2022, the Enzyme-linked Immunosorbent Assay (ELISA) segment
accounted for the largest share of the market.
On
the basis of application, the research antibodies and reagents market are
segmented into proteomics, drug development and Genomics. In 2022, the
proteomics segment accounted for the largest share.
On
the basis of end user, the research antibodies and reagents market are
segmented into the pharmaceutical & biotechnology companies, research
labortories, and Contract Research Organizations. The research laboratories
segment accounted for the largest share of the market in 2022.
Regional Analysis:
The
European market is expected to have the second largest market share in 2022.
The growth of the overall market in Europe is attributed to an increase in
R&D activities, rising government funding for drug discovery research, and
increasing growth in the pharmaceutical & biological industries. In Europe,
proteomics and genomics research for cancer and neurobiological diseases have
increased in the last decade. between universities that are designed to promote
excellence in research and education.
Recent
Developments of Research Antibodies & Reagents Industry
- In August 2023, Danaher (US) entered into
a definitive agreement to acquire all the outstanding shares of Abcam plc
(UK). Through this development, Abcam is expected to operate as a
standalone operating company within Danaher’s Life Sciences segment.
- In August 2023, Agilent Technologies,
Inc. (US) announced the opening of a new full-scale Integrated Biology
Center located at Monash University in Malaysia. The facility is focused
on building local capabilities to accelerate research and development (R&D)
in life science research.
- In June 2023, Cell Signaling Technology,
Inc. (US) and Lunaphore Technologies SA (Switzerland) have decided to
partner to integrate CST antibodies into Lunaphore's COMET platform for
Spatial Biology research.
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Top Key Players: -
The
prominent market players are Abcam plc (UK), Cell Signaling Technology, Inc.
(US), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), BD (US),
Bio-Rad Laboratories, Inc. (US), F. Hoffmann-La Roche Ltd (Switzerland),
Agilent Technologies, Inc. (US), Danaher (US), Lonza (Switzerland), GenScript
(China), and Revvity (US).
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