According to a new report published by Reports Monitor titled, “Custom Monoclonal Antibody Market by type, application, End-user: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the custom monoclonal antibody Market is projected to grow rapidly from 2017 to 2025. North America accounts for highest share of the market and is expected to grow continuously throughout the forecast period.
Monoclonal antibodies are class of antibodies that are obtained from single parent cell and are identical unique offsprings of a hybridoma. Monoclonal antibodies have a monovalent affinity, meaning that they can determine identical epitope which might be present on different surfaces of various antigens. Custom monoclonal antibodies are produced in accordance with predefined protein antigen or particular peptide to which they have increased activity, affinity, and specificity. Being very precise in nature custom monoclonal antibodies has been proven as a progressive development in the field of healthcare where it can be used in cancer treatment to defeat the tumor or malignancy of the cells.
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Growing funding of government in research and development and technological advancement are key forces mainly driving the global market for custom antibody. According to report published in 2016 in R&D magazine Asia holds over 42% of the total R&D investment and China’s investment is rising 10% per year whereas, global expenditure of custom monoclonal antibodies was estimated to be around USD 2.06 trillion. In addition commonly occurring infections and immunological diseases, the predominance of chronic disorders and sedentary lifestyle is fuelling the growth of the market. Unlike chemotherapy custom monoclonal antibody does not cause any damage to healthy cells instead target only diseased cells providing an opportunity to set up its own market.
Key Findings and scope
• Considering type, rat custom monoclonal antibody market is anticipated to hold the major share of the market in terms of volume and value followed by rabbit custom monoclonal antibody.
• As per estimate provided by American Cancer Society in 2017, approximately 1.6 million new cases are expected to be diagnosed in United States. North America is predicted to be fastest growing region geographically.
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Major Key players included in the report are: Thermo Fischer, Genscript, Abnova Corporation, Creative Biolabs, Abcam Plc, Proman biotechnologies, Envigo, F. Hoffmann-La Roche, Johnson & Johnson, BMS, and AbbVie
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
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