Antibody Production Market is expected to grow at a CAGR of 12.3% between 2016 and 2021
The antibody production market is projected to reach USD 13.28 billion by 2021 from USD 7.45 billion in 2016, at a CAGR of 12.3% during the forecast period of 2016 to 2021. The antibody production market comprises products required during the different stages of bioprocessing of antibodies, such as upstream processing, downstream processing, and filtration.
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The consumables segment is expected to account for the largest share of the antibody production products market, by upstream processing. Media and reagents are the major consumables involved in the upstream processing of antibodies. Media contain compounds that help in regulating the cell cycle. Reagents and buffers aid in maintaining an optimal pH level. The mandatory requirement of changing consumable sets for every batch results in their repeat purchase, thereby driving the growth of this market segment. Among the end users in the market, the pharmaceutical and biotechnology companies segment is expected to account for the largest share of the antibody production market, and register the highest CAGR during the forecast period. Pharmaceutical and biotechnology companies use antibody production equipment and consumables to produce therapeutic antibodies as well as to carry out R&D for developing novel immunotherapies.
North America is expected to account for the largest share of the antibody production market in 2016, followed by Europe. The large share of the North America region can be attributed to the rising cancer incidence, government funding for medical research in the U.S., need for quality cancer treatment, and growth in the number of regulatory approvals and authorization for use of mAbs in Canada. Asia-Pacific is expected to witness the highest growth rate in the forecast period, mainly due to increasing government and private-sector investments in China’s life sciences market, increasing government initiatives and growing pharmaceutical industry in India, and infrastructural development along with government support for strong academic and commercial R&D in the rest of Asia-Pacific.
The antibody production market witnesses high competitive intensity as there are several large and many small firms with similar product offerings. These companies adopt various strategies (new product launches, agreements, partnerships, collaborations acquisitions, and expansions) to increase their market shares and establish a strong foothold in the global market.
The prominent players in the antibody production market include GE Healthcare (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sartorius AG (Germany), Merck KGaA (Germany), Pall Corporation (U.S.), Sigma-Aldrich Corporation (Germany), Eppendorf AG (Germany), Cellab GmbH (Germany), INTEGRA Biosciences AG (Switzerland), and FiberCell Systems Inc. (U.S.).
Related Report:
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The Antibody Drugs market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Antibody Drugs industrial chain, this report mainly elaborate the definition, types, applications and major players of Antibody Drugs market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Antibody Drugs market.
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on Thursday July 26 2018, 2:00 PM EDT.
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