According to our new research study on “Custom Antibody Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Service, Type, Source, Research Area and End User,” the market is expected to reach US$ 833.71 million by 2028 from US$ 371.54 million in 2020; it is anticipated to grow at a CAGR of 10.7% from 2021 to 2028. The report highlights trends predominating in the market and factors driving its growth. The market growth is mainly attributed to the factors such as the growing support from governments, continuously changing disease profiles, rising public-private partnerships, and increasing funding activities that are widely enhancing the performance of biotechnology. However, the production for the monoclonal and polyclonal antibodies varies based on the animals being used to derive them. In addition, the packages of custom antibodies also determine the cost demanded different applications that various players offer to hinder the market growth.
Customized antibodies can be generated in a mouse, rat, or hamster, to meet any host requirements. Companies are providing wide range of antibodies according to the researcher’s requirements. There are variety of customized antibodies in the market which includes polyclonal and monoclonal antibody, recombinant monoclonal antibody, hybridoma antibody, polyclonal recombinant antibody, and others. Companies are offering complete support services for all types and steps of antibody production from peptide design, synthesis, and carrier protein conjugation to animal immunization, serum collection, or hybridoma fusion, titer analysis, and final antibody purification.
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Thermo Fisher Scientific Inc; Bio-Rad Laboratories Inc; Merck KGaA; ABCAM; GenScript; Rockland Immunochemicals, Inc; ProMab; BioLegend, Inc; Agilent Technologies, Inc; Cell Signaling Technology, Inc; are among the leading companies operating in the custom antibody market.
The growth of the custom antibody market is attributed to the factors such as the high demand in research, growing support from governments, continuously changing disease profiles, rising public–private partnerships, and increasing funding activities are widely enhancing the performance of biotechnology. However, the production for the monoclonal and polyclonal antibodies varies based on the animals being used to derive them. The cost is also determined by the packages of custom antibodies demanded for different applications that are offered by different players hinders the market growth.
Production and Development Services Offered by Custom Antibody Providers
Various companies are aggressively offering research and development services for custom antibodies. A few of such services launched in by these companies are mentioned below.
Such custom antibody production services offered by companies are accelerating the market growth.
The custom antibody market is segmented into antibody production, antibody development, antibody production and purification, antibody fragmentation, and labelling based on service. In 2020, antibody development held the largest share of the market and is anticipated to grow at the fastest rate during the forecast period. Antibody development is among the essential and critical processes in biotechnology-related systems. Antibodies are used for various analytical and clinical testing. The antibodies are specific to certain types of antigens, which helps in determining desired analytical results.
Based on type, the custom antibody market is segmented into monoclonal antibodies, polyclonal antibodies, and other custom antibodies. In 2020, the monoclonal antibodies segment held the largest share of the market, whereas the polyclonal antibodies segment is expected to grow during the forecast period.
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