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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Custom Antibody Market Size
The global custom antibody market size was valued at USD 393.3 million in 2023, driven by rising demand for personalised medicine across the globe. The market is expected to grow at a CAGR of 12.7% during the forecast period of 2024-2032, with the values likely to rise from USD 443.1 million in 2024 to USD 1149.1 million by 2032.
Custom Antibody Market Report Snapshots
Custom Antibody Market Analysis
*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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Key Questions Answered in the Report
The market attained a value of about USD 393.3 million in 2023, driven by the increasing prevalence of customised medicine across the globe.
The market is anticipated to grow at a CAGR of 12.7% during the forecast period of 2024-2032, likely to reach a market value of USD 1149.1 million by 2032.
The market demand is driven by the rising prevalence of chronic diseases as well as antibiotic resistance which requires new antibody-based drugs for effective treatment on patients.
The current market trend is around the expanding division of pharmaceutical companies to devise novel drugs and therapeutics. In August 2023, China based Biocytogen Pharmaceuticals Co. Ltd. launched two new divisions, focusing on animal models and preclinical services along with development and discovery of new antibody-based drugs.
Product types include monoclonal, polyclonal, and recombinant antibodies, among others.
Based on services, the market is divided into antibody development, antibody production and purification, antibody fragmentation and labelling, among others.
Mice and rabbit among others are the common sources.
Common application areas include oncology, infectious diseases, neurology, stem cells, immunology, and cardiovascular diseases, among others.
Major distribution channels include direct tender and third party distributors, among others.
Major end users include pharmaceutical, biotechnology companies, academic and research institutes, CRO, hospitals and clinics, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Thermo Fisher Scientific Inc., Creative Diagnostics, Abcam plc., Bio-Rad Laboratories, Inc, Kaneka Eurogentec S.A., YenZym Antibodies, LLC., Abmart, Labcorp Drug Development, LifeSpan BioSciences, Inc., GenScript, Agilent Technologies, Proteogenix, Raybiotech, Inc., ProSci Incorporated, and Innovagen AB.
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