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(MoneyNewsWire.Net, January 10, 2018 ) According to the report Antibodies Market, published by Market Data Forecast, the Global market is projected to reach USD 179.9 billion by 2022, at a CAGR of 11.2% from 2017 to 2022
Antibodies are a type of proteins produced by immune system of the body to counteract pathogens such as bacteria and viruses. Each antibody recognizes and binds to the particular antigen against which the antibody is designed to fight. They are used to diagnose diseases such as autoimmune disorders and they are also used to treat diseases such as arthritis, psoriasis and multiple sclerosis. They are used in research applications to study their production process and also in drug development.
Get a comprehensive overview of the Antibodies Market: http://www.marketdataforecast.com/market-reports/global-antibodies-market-1177/
Antibodies Market: Drivers & Restraints
Increasing prevalence of autoimmune diseases and several chronic diseases has increased the demand for therapeutic antibodies. Increase in the research activities to develop innovative products, growth in the healthcare expenditure due to rise in disposable incomes and increase in the investments from governments for drug development are expected to drive the market growth.
However, Unfavorable approval guidelines and high prices of treatment and products are hindering the market growth.
Get accurate market forecast and analysis on the Antibodies Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/global-antibodies-market-1177/request-sample
Antibodies Market: Segmentation
By Product Type
• Monoclonal Antibodies
o Murine
o Chimeric
o Humanized
o Human
• Polyclonal Antibodies
o Type I
o Type II
o Type III
o Type IV
o Type V
o Type VI
o Type VII
o Type VIII
• Antibody-Drug Complexes
o Immunogen Technology
o Seattle Genetics Technology
o Immunomedics Technology
By Indication
• Cancer
• Autoimmune Diseases
• Infectious Diseases
• Cardiovascular Diseases
• CNS Disorders
• Others
By End User
• Hospitals/Clinics
• Research Institute
• Diagnostic Laboratories
By Application
• Medical
• Experimental
o Western Blot
o ELISA
o Radioimmune Assays
o Immunofluorescence
o Others
By Geography
• North America
o United States
o Canada
• Europe
o U.K
o Spain
o Germany
o Italy
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Middle East
o Africa
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: http://www.marketdataforecast.com/market-reports/global-antibodies-market-1177/customize-report
Antibodies Market: Overview
Based on the product type, Polyclonal antibodies hold the largest market share. It is because of their ability to identify different epitopes of a specific antigen increasing the probability of identifying the target. Monoclonal antibodies is expected to be the fastest growing market segment as they are designed to target a single epitope of a specific antigen and are effective in neutralizing pathogens and are pursued rigorously in pharmaceutical industries.
North America leads the Antibodies market. It is because of the presence of large number of research institutions and pharmaceutical companies developing innovative products and also due to the high adoption rate. Asia Pacific is expected to be the fastest growing market due to the increasing healthcare expenditure and also because of the untouched markets in this region.
Antibodies Market: Key Players
Major players in the Antibodies market are Novartis AG, Abbott Diagnostics, Eli Lilly and company, Pfizer Inc., ThermoFisher Scientific Inc., A.G. Scientific, Inc., F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb, and AbbVie Inc.
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