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The global antibody discovery market was valued at USD 1.60 Billion in 2023, driven by the rising incidence of chronic and infectious illnesses across the globe. The market is anticipated to grow at a CAGR of 10.10% during the forecast period of 2024-2032, with the values likely to reach USD 3.80 Billion by 2032.
Base Year
Historical Year
Forecast Year
The process of antibody discovery involves identifying and developing highly specific antibodies for a specific antigen. By using specific techniques and carefully planned tests, antibodies such as IgG can selectively attach to their desired targets. Precision is essential in medical and research settings to ensure that antibodies can successfully bind to their intended targets.
Rising Incidence of Chronic and Infectious Illnesses is Likely to Drive Market Growth
The market growth is being driven by the increase in chronic diseases such as diabetes, cancer, and autoimmune diseases. Around 129 million Americans are affected by significant chronic illnesses like heart disease, cancer, and hypertension. Antibody therapies are successful in treating these illnesses by attaching to molecules that cause the disease with few side effects, resulting in a higher need for antibody discovery services.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Antibody Type
Market Breakup by Services
Market Breakup by End User
Market Breakup by Region
Segmentation Based on Application to Witness Substantial Growth
The market is divided into monoclonal antibodies, polyclonal antibodies, and others, based on antibody type. Monoclonal antibodies are predicted to lead the global antibody market share because of their accuracy, specificity, and wide range of uses in treating different illnesses. Novel monoclonal antibodies, including bispecific antibodies and ADCs, have further enhanced their therapeutic potential.
The market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates the market share which can be attributed to the high incidence of chronic diseases, rising demand for personalized medicine, and substantial investment in research and development (R&D) for new antibody therapies in the region.
The key features of the market report comprise patent analysis, clinical trial analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Biocytogen Pharmaceuticals is a global biotech company. In December 2023, they revealed a collaboration with Ona Therapeutics, a Spanish biotech company specializing in creating groundbreaking antibody therapeutics for advanced cancer.
Evotec SE is a leading pharmaceutical company that leverages advanced science, technology, and collaborations ...
Sartorius AG is an international provider of pharmaceutical and laboratory equipment, focusing on Bioprocess S...
Charles River Laboratories International, Inc. is a pharmaceutical company based in the United States that off...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Creative Biolabs, Bruker Cellular Analysis Inc., BioDuro-Sundia, Aragen Life Sciences Ltd, Abzena, and AbTherx, Inc.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Antibody Type |
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Breakup by Service |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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