The research antibodies and reagents market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Research Antibodies And Reagents Market Size In 2022 And Forecast

The global research antibodies and reagents market is expected to grow from $12.40 billion in 2021 to $13.19 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The research antibodies and reagents market is expected to reach $16.90 billion in 2026 at a CAGR of 6.4%

The research antibodies and reagents market consists of sales of research antibodies, reagents and related services by entities (organizations, sole traders, and partnerships) that produce research antibodies and reagents to diagnose and treat different diseases.

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Increased Investments In Medical And Health R&D Is Driving The Growth Of The Research Antibodies And Reagents Market

According to the American Association for the Advancement of Science’s (AAAS) statistics published in December 2019, the total investment in medical and health research in the US grew by 6.4%. The health industry invested $129.5 billion (66.7%), followed by federal agencies investments of $43 billion (22.2%), and $21.7 billion (11.2%) invested by foundations, state & local governments, academic research institutions, and voluntary health associations. Thus, increasing investment in healthcare research and development will increase the utilization of research antibodies and reagents.

Competitive Landscape And The Regional Analysis Of The Research Antibodies And Reagents Market

Major players in the research antibodies and reagents market are Becton Dickinson and Company, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., F. Hoffmann La-Roche Ltd, Merck KGaA, PerkinElmer Inc., Lonza Group AG, Abcam plc, GenScript Biotech Corporation, and Bio-Techne Corporation.

The Research Antibodies And Reagents Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the research antibodies and reagents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the research antibodies and reagents market.

Technological Advancement – A Key Trend In The Research Antibodies And Reagents Market

Technological advancements in the area of purification of antibodies and reagents show opportunities for the growth of the research antibodies and reagents market during the forecast period. Irreproducible antibodies and reagents are a major challenge for the industry as this will affect the outcome of the research.

Research Antibodies And Reagents Market Segmentation By The Business Research Company

1) By Technology: Western Blot, Immunofluorescence, Immunohistochemistry, Flow Cytometry, Enzyme-Linked Immunosorbent Assay (ELISA), Multiplex Immunosorbent Assay, Immunoprecipitation, Others

2) By Application: Proteomics, Drug Discovery and Development, Genomics

3) By End-User: Pharmaceutical and Biotechnology Industry, Academic and Research Institutes, Contract Research Organizations (CROs)

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