Understand How The Diagnostic Specialty Antibodies Market Is Poised To Grow Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Diagnostic Specialty Antibodies Global Market Report 2023, the diagnostic specialty antibodies market is expected to show significant growth in the forecast period.
Key insights from the diagnostic specialty antibodies market forecast include:
- Market Size
The worldwide diagnostic specialty antibodies market should rise from $26.76 billion in 2022 to $28.33 billion in 2023, with a 5.9% CAGR. By 2027, it’s anticipated to reach $35.26 billion, growing at a 5.6% CAGR. - Major Driver
The expanding number of HIV diagnoses drives the diagnostic specialty antibodies market’s growth. It signifies an increasing count of individuals diagnosed with HIV (Human Immunodeficiency Virus). For example, in July 2022, UNAIDS reported a 1.6% rise in the global HIV population from 37.8 million in 2020 to 38.4 million in 2021, with approximately 1.5 million new HIV infections in 2021. Hence, the increasing HIV diagnosis rate fuels the diagnostic specialty antibodies market.
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- Key Trend
Product innovation is a prominent trend in the diagnostic specialty antibodies market. Leading companies concentrate on launching novel products and solutions to enhance their market position. For instance, in January 2023, Creative Diagnostics, a US-based biotechnology materials provider, expanded its monoclonal antibody offerings with 1,000 new targets, including conjugated and carrier-free formulations. These versatile antibodies are designed for various applications, offering single-epitope recognition for improved specificity in ELISA methods and suitability for WB, FC, IHC, ICC, IF, and IP. Rigorous validation ensures their quality. - Largest Region
North America was the largest region in the diagnostic specialty antibodies market in 2022. - Major Players
Major players in the diagnostic specialty antibodies market are F. Hoffmann-La Roche AG, Sanofi SA, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Boehringer Ingelheim International GmbH, Merck KGaA, Becton Dickinson and Company, Regeneron Pharmaceuticals Inc, Agilent Technologies Inc., Sartorius AG, Bio-Rad Laboratories Inc., Quest Diagnostics Inc., STEMCELL Technologies Inc., Abcam PLC, Telix Pharmaceuticals Limited, Aytu BioScience Inc., Enzo Life Sciences Inc., Rockland Immunochemicals Inc., Santa Cruz Biotechnology Inc., Creative Diagnostics, Novus Biologicals LLC, Confo Therapeutics SA, Precirix NV, Creative Biolabs Inc., and Polymun Scientific ImmunbiologischeForschung GmbH.
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Key Diagnostic Specialty Antibodies Market Segments
The global diagnostic specialty antibodies market is segmented –
1) By Antibody Type: Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Polyclonal Antibodies
2) By Application: Hepatitis, Tuberculosis, Dengue, Oncology, Human Immunodeficiency Virus (HIV), Infectious Disease, Other Applications
3) By End User: Diagnostic Laboratories, Hospitals
The Diagnostic Specialty Antibodies Global Market Report 2023 provides an in-depth analysis on the diagnostic specialty antibodies market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the diagnostic specialty antibodies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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