Research Antibodies and Reagents Market Worth 13,276.5 Million USD by 2023Published On: January 24, 2018
The global research antibodies and reagents market will grow at a CAGR of 6.5% from 2018 to 2023 to reach USD 13,276.5 million by 2023, according to latest publication from Meticulous Research™. The global research antibodies and reagents market is driven by various factors such as rising proteomics & genomic research studies, increase in the funding for research activities, and growing industry-academia collaborations. In addition, growing demand for protein therapeutics & personalized medicines, rising investment & focus on the area of stem cell research, need for new biomarker identification, and emerging Asia-Pacific and Latin American markets provides significant opportunities for various stakeholders in this market. However, various issues related to quality and stability of research antibodies such as cross-reactivity and storage conditions and intense pricing pressure on the leading players are the major challenges affecting the growth of research antibodies and reagents market to some extent.
Key Market Segments to Watch
The global research antibodies and reagents market is mainly segmented by product (reagents, and research antibodies), technology (western blotting, immunosorbent assays, immunofluorescence, immunohistochemistry, flow cytometry, immunoprecipitation, and others), application (proteomics, drug discovery & development, and genomics), end user (pharmaceuticals & biotechnology industry, academics & research institute, and contract research organizations), and geography.
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On the basis of product type, reagents commanded the largest share in the global research antibodies and reagents market in 2017, mainly due to the huge demand for various reagents in many routine assays and techniques with increasing focus on understanding molecular basis of diseases and routine use in target based assays during the basic research.
On the basis of technology, western blotting held the largest share in the global research antibodies and reagents market in 2017. This was mainly attributed to increasing focus on biomedical research for initiating developments in diagnosis and therapy, rising funding for biomarker discovery, and raising demand for antibody & cell-based research and subsequent adoption of this technology in these research studies due to their high sensitivity & specificity to quantify the very low levels of proteins in the sample.
On the basis of application, proteomics held the largest share in the global research antibodies and reagents market in 2017. This was mainly attributed to rising uptake of research antibodies in the significantly growing proteomics market. The upsurge in proteomics research is attributed to the rising need for designing more effective drugs through protein based disease profiling, growing demand for personalized & protein therapeutics, and increasing public & private sector spending on proteomics research.
Based on end user, pharmaceutical and biotechnology industry commanded the largest share in 2017, due to the rising adoption of research antibodies & reagents in the proteomics research and drug discovery and development with the growing focus of industry vendors on innovating therapeutics for various chronic diseases.
Regional market growth trends
Geographically, this market is segmented into North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia Pacific (Japan, China, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share in the global research antibodies and reagents market in 2017, followed by Europe and Asia-Pacific. However, Asia Pacific and Latin America regions are expected to witness significant growth during the forecast period, due to rapidly developing countries, rising preference for these regions due to cost effective research outsourcing, growing investment from government & non-government bodies in this sector, and various technological & infrastructure advancements.
Key players in the global market
The key players in the global research antibodies and reagents market are GE Healthcare (U.S.), Merck & Co., Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Amgen Inc. (U.S.), Sanofi (France), F. Hoffmann La-Roche Ltd (Switzerland), Rockland Immunochemicals Inc. (U.S.), Johnson & Johnson (U.S.), Agilent Technologies, Inc. (U.S.), Eli Lilly and Company (U.S.), Becton Dickinson and Company (U.S.), Danaher Corporation (U.S.), PerkinElmer, Inc. (U.S.), GenScript Biotech Corporation (U.S.), Lonza (Switzerland), Bio-Techne Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Teva Pharmaceutical Industries Limited (Israel), Santa Cruz Biotechnology, Inc. (U.S.), BioLegend, Inc. (U.S.), Abcam PLC (U.K.), and Cell Signaling Technology, Inc. (U.S.).
Key questions answered in the report-
- Which are the high growth market segments in terms of product type, technology, applications, end users, and regions/countries?
- What is the historical market for research antibodies and reagents across the globe?
- What are the market forecasts and estimates from the period 2018-2023?
- What was the historical market for research antibodies and reagents?
- What are the major drivers, restraints, opportunities, and challenges in the global research antibodies and reagents market?
- Who are the major players in the global research antibodies and reagents market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the global research antibodies and reagents market?
- What are the recent developments in the global research antibodies and reagents market?
- What are the different strategies adopted by the major players in the global research antibodies and reagents market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global research antibodies and reagents market and how do they compete with the global players?
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