The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Mammalian Polyclonal Immunoglobulin G (IgG) Antibody Global Market Report 2024, the mammalian polyclonal immunoglobulin g (IgG) antibody market is expected to show promising growth in the forecast period.

Market Overview

• The mammalian polyclonal immunoglobulin G (IgG) antibody market has experienced strong growth in recent years.
• In 2023, the market size reached $1.22 billion and is expected to grow to $1.31 billion in 2024, at a CAGR of 7.8%.

Factors Driving Historic Growth

• Focus on Rare Diseases: Increasing research and treatment efforts for rare diseases.
• Expanding Applications: Growing use of IgG antibodies in various research applications.
• Demand for Therapeutic Antibodies: Rising need for antibodies in therapeutic treatments.
• Regulatory Guidelines: Evolving quality standards and regulatory guidelines.
• Biopharmaceutical Sector Expansion: Growth of the biopharmaceutical industry.

Forecasted Growth

• The market is projected to grow to $1.78 billion by 2028, at a CAGR of 7.9%.
• Precision Medicine: Increased adoption of precision medicine approaches.
• Immunotherapy Research: Growth in research activities related to immunotherapy.
• Biopharmaceutical R&D Investments: Rising investments in biopharmaceutical R&D.
• Healthcare Infrastructure: Development of emerging healthcare infrastructures.
• Contract Manufacturing: Shift towards contract manufacturing for antibody production.

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Trends Shaping the Future

• Technological Advancements: Innovations in antibody engineering.
• Next-Generation Sequencing (NGS): Emergence of NGS assays.
• Biomarker Discovery: Advances in biomarker discovery techniques.
• Bioconjugation Technologies: Improvements in bioconjugation methods.
• Therapeutic Applications: Enhanced therapeutic applications of IgG antibodies.

Impact of Animal Health Spending

• Increased Spending: Rising expenditure on animal health is driving market growth.
• Pet Ownership: Growth in pet ownership and demand for animal products.
• Veterinary Care: Advances in veterinary care and stronger human-animal bonds.
• Regulations: Stricter regulations promoting animal well-being.
• Market Impact: Higher spending boosts demand for specialized IgG antibodies.

Key Market Players

• Thermo Fisher Scientific Inc.
• Merck KGaA
• PerkinElmer Inc.
• Bio-Rad Laboratories Inc.
• GeneTex
• GenScript Biotech Corporation
• Jackson ImmunoResearch Laboratories
• Abcam Inc.
• R&D Systems
• Sino Biological
• Fortis Life Sciences
• Santa Cruz Biotechnology Inc.
• Rockland Immunochemicals Inc.
• Novus Biologicals LLC
• Creative Diagnostics
• Fitzgerald Industries International Inc.

Development in Therapeutics

• New Therapeutics: Companies are developing therapeutics with species-matched isotypes.
• Example: In March 2022, Absolute Antibody launched dog IgG2 and dog IgG4 isotypes for oncology research.

Strategic Acquisitions

• Danaher Corporation Acquisition: In December 2023, Danaher Corporation acquired Abcam Limited to enhance its life sciences and diagnostics portfolio.
• Abcam Limited: A US-based producer of protein research tools, including polyclonal antibodies.

Market Segmentation

• By Product:
  • Cardiac Markers
  • Metabolic Markers
  • Renal Markers
  • Other Products
• By Type:
  • Goat
  • Rabbit
  • Horse
  • Mouse
  • Other Types
• By Application:
  • Enzyme Linked Immuno Absorbant Assay (ELISA)
  • Immunoturbidimetry
  • Immunoelectrophoresis
  • Antibody Identification
  • Immunohistochemistry
  • Immunocytochemistry
  • Western Blotting
• By End User:
  • Pharmaceutical and Biotechnology Companies
  • Hospitals
  • Diagnostic Centers
  • Academic and Research Centers

Regional Insights

• North America was the largest region in the mammalian polyclonal immunoglobulin G (IgG) antibody market in 2023.

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