The global antibody discovery market size is calculated at USD 8,700 million in 2024 and is predicted to reach around USD 22,570 million by 2034, expanding at a CAGR of 10% from 2024 to 2034.
Antibody therapeutics is revolutionizing medicine by providing patients with illnesses that were previously thought to be incurable with a fresh hope. The creation of new medicine classes known as therapeutic antibodies has been made possible by it. The market is expected to rise as therapeutic antibodies gain popularity due to their potency, specificity, and adaptability. The demand for these medications is being driven by their encouraging outcomes in conditions including cancer and autoimmune disorders. Compared to conventional small-molecule medications, monoclonal antibodies, protein-based therapies, and other biologics provide a number of benefits. These include their low side effects and higher specificity. The need for antibody finding technologies will increase as interest in these biologics grows.
Another important element driving antibody discovery market expansion is the expanding range of applications for antibodies outside of pharmaceuticals. Antibodies are being utilized more and more in diagnostic procedures such as immunoassays and point-of-care testing in the modern world. In a similar vein, their use in biotechnology and research applications is growing. It is projected that further developments in antibody technology will lead to the creation of more potent cures for a number of illnesses. This is good news for the market over the next decade. Businesses are trying to create next-generation antibody forms, such as bispecific antibodies, antibody-drug conjugates (ADCs), and modified antibodies with enhanced functionality and selectivity. In a similar vein, new technologies like ML and Al are being added to discovery processes. These elements will further accelerate the target industry's growth.
Published by Laxmi Narayan
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| Stats ID: | 7769 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7769 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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