$5190
$4152
The custom antibody services market size is projected to reach US$ 1,216.35 million by 2031 from US$ 590.33 million in 2023. The market is expected to register a CAGR of 9.5% during 2023–2031. Technological advancements utilizing recombinant antibodies are likely to bring new trends in the custom antibody services market in the coming years.
Custom Antibody Services Market Analysis
The factors driving the custom antibody services market include government funding and support for research in antibody-related fields, coupled with the expansion into translational medicine. The growing emphasis on personalized medicine is fueling the demand for custom antibody solutions. Technological advancements using recombinant antibodies are boosting the growth of the custom antibody services market. Increasing demand for customized diagnostic and therapeutic treatments has boosted players to invest in product development and expansion strategies.
Custom Antibody Services Market Overview
Custom antibodies are essential to personalized therapies, as they can be designed to target specific molecular markers that are unique to an individual patient's disease. The custom antibody services market in the UK is anticipated to grow substantially owing to the growing prevalence of chronic diseases such as cancer and cardiovascular diseases. According to Cancer Research UK, ~360,000 people are diagnosed with cancer annually in the nation. The annual count of cancer diagnoses is projected to reach 500,000 by 2040. Antibodies have been demonstrated to prolong overall disease-free survival and delay disease progression in several cases. Custom antibody services are needed for the development of more targeted therapeutic antibody treatments to treat cancer more effectively.
Custom antibodies can help target specific tumor markers, improving the effectiveness and reducing side effects of cancer treatment. In September 2023, AMSBIO supplied a custom monoclonal antibody to researchers at the Technical University Dortmund, Germany, to unravel the role of EDI3 (a glycerophosphodiesterase enzyme involved in choline metabolism) in breast cancer development, its regulation by HER2 signaling, and its potential as a therapeutic target.
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Custom Antibody Services Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Custom Antibody Services Market: Strategic Insights
Mrinal
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Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Custom Antibody Services Market Drivers and Opportunities
Rising Approvals of Biosimilars Favors Market Growth
The Food and Drug Administration (FDA) approves biosimilar products and provides the scientific and regulatory advice needed to introduce safe and effective biosimilars to the market. The approval of biosimilar products can improve patient care by increasing the number of medication options at potentially lower costs.
A few recent approvals of biosimilar products are mentioned below:
Biosimilars Name | Approval Date | Reference Product |
Alymsys (bevacizumab-maly) | April 2022 | Avastin (bevacizumab) |
Cimerli (ranibizumab-eqrn) | August 2022 | Lucentis (ranibizumab) |
Fylnetra (pegfilgrastim-pbbk) | May 2022 | Neulasta (pegfilgrastim) |
Stimufend (pegfilgrastim-fpgk) | September 2022 | Neulasta (pegfilgrastim) |
Vegzelma (bevacizumab-adcd) | September 2022 | Avastin (bevacizumab) |
Idacio (adalimumab-aacf) | December 2022 | Humira (adalimumab) |
Biosimilars can reduce treatment costs and improve patient access to biologic therapies. In recent years, a vast range of biosimilars have been approved by the FDA. According to ScienceDirect.com, biosimilars can retain costs and expand the availability of monoclonal antibodies. Furthermore, in Europe, five rituximab biosimilars, six trastuzumab biosimilars, and eight bevacizumab biosimilars are available as anti-cancer drugs. Thus, the rising approvals of biosimilars fuel the growth of the custom antibody services market.
Rise in Government Research and Development Activities in Emerging and Developed Economies
Governments of various emerging countries are launching several research and development initiatives focusing on genomics and proteomic methods. For instance, The Proteomics Society, an organization in India, aims to promote the field of proteomics and the professional interests of the Proteomics Community in the country. The organization also helps facilitate research collaborations and workshops, driving the demand for custom antibody products. The Single Cell Proteomics Initiative of the US was established in 2022 from international laboratories that were proficient in performing Single-Cell Proteomics (SCP) workflows. The goal of the Single-Cell Initiative under the Biology and Disease-Driven Human Proteome Project unveiled in 2022 fostered the development and application of SCP methods and technologies. This initiative aims to accelerate knowledge exchange and resources within established and newly interested SCP researchers. The initiative organizes webinars, workshops, and symposia to showcase the modern advances and challenges in SCP, which are complemented by generating dedicated resources. Therefore, the rise in research and development initiatives by governments of various developing economies is expected to create lucrative opportunities for the growth of the custom antibody services market during the forecast period.
Custom Antibody Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the custom antibody services market analysis are product type, service type, application, source, disease indication, and end user.
- Based on product type, the custom antibody services market is categorized into monoclonal, polyclonal hybridoma, recombinant antibody, and others. The monoclonal segment held the largest share of the market in 2023.
- By service type, the custom antibody services market is segmented into antibody discovery and development, antibody production services, and others. The antibody discovery and development segment held the largest share of the market in 2023.
- Based on application, the market is categorized into immunohistochemistry, western blot & IP, ELISA, fluorescence-activated cell sorting, mass spectrometry, and others. The ELISA segment dominated the market in 2023.
- In terms of disease indication, the custom antibody services market is segmented into oncology, infectious diseases, immunology, cardiovascular diseases, and others. The oncology segment dominated the market in 2023.
- By source, the custom antibody services market is segmented into chicken, rabbits, rats, guinea pigs, mouse or humanized mice, and others. The mouse or humanized mice segment held the largest share of the market in 2023.
- In terms of end user, the custom antibody services market is segmented into the life science industry, pharmaceutical & biotech companies, academic & research institutes, and contract research organizations. The life science industry segment held the largest share of the market in 2023.
Custom Antibody Services Market Share Analysis by Geography
The geographic scope of the custom antibody services market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America held a significant share of the market in 2023. The growth of the market is driven by rising collaborations between government entities and market players to encourage the utilization of custom antibodies in clinical diagnostics. In addition, the acceptance and adoption of advanced technological solutions, increasing investments in drug discovery and development, extensive government support for clinical research, and an upsurge in research activities in clinical diagnostics are projected to accelerate the growth of the custom antibody services market in the region.
The growing number of cancer and genomic research programs run by universities in the US and Canada, increasing focus on developing antibody-based therapeutics, the presence of a large number of global players, and the burgeoning demand for high-quality research tools for data reproducibility are a few of the other factors contributing to the expansion of the market across North America.
Custom Antibody Services Market Report Scope
Custom Antibody Services Market News and Recent Developments
The custom antibody services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the custom antibody services market are listed below:
- Sino Biological, Inc., opened its new Center for Bioprocessing (C4B) in Houston, Texas, US, at Levit Green, adjacent to the world-renowned Texas Medical Center. Referred to as the C4B, the new center specializes in contract research services, including custom recombinant protein and recombinant antibody development and manufacture. The new center focuses on developing and producing research- and diagnostic-grade proteins and antibodies utilizing mammalian cells, which possess the unique machinery to yield natural, in vivo-like products with high bioactivity. (Source: Sino Biological, Inc., Press Release, October 2023)
- Fortis Life Sciences acquired the premium antibody company Bethyl Laboratories. Based in Texas, Bethyl Laboratories has a long history of offering its customers the highest quality primary and secondary antibodies, as well as other protein detection reagents. (Source: Fortis Life Sciences, Press Release, March 2021)
Custom Antibody Services Market Report Coverage and Deliverables
The “Custom Antibody Services Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Custom antibody services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Custom antibody services market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Custom antibody services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the custom antibody services market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Custom antibodies are essential to personalized therapies, as they can be designed to target specific molecular markers that are unique to an individual patient's disease. Custom antibody services are specialized services provided by companies to develop antibodies tailored to specific needs for research, diagnostic, and therapeutic purposes. These services include the entire process, from antigen design, immunization, and antibody production to purification and validation.
The factors driving the growth of the custom antibody services market include the increasing prevalence of chronic diseases and rising approvals of biosimilars. However, the high costs and complexities associated with antibody production using transgenic animals hampers the growth of the custom antibody services market.
The custom antibody services market majorly consists of the players, including Thermo Fisher Scientific Inc.; Sino Biological Inc.; GenScript Biotech Corporation; Biochain Incorporated; R&D Systems, Inc.; Kaneka Eurogentec S.A.; Fortis Life Sciences; Precision Antibody; Biocytogen Pharmaceuticals Beijing Co Ltd; and Abgenex.
The custom antibody services market was valued at US$ 590.33 million in 2023.
The custom antibody services market is expected to be valued at US$ 1,216.35 million by 2031.
The custom antibody services market, by product type, is segmented into monoclonal, polyclonal hybridoma, recombinant antibody, and others. In 2023, the monoclonal segment held the largest share of the market.
The List of Companies - Custom Antibody Services Market
- Thermo Fisher Scientific Inc.
- Sino Biological Inc.
- GenScript Biotech Corporation
- Biochain Incorporated
- R&D Systems, Inc.
- Kaneka Eurogentec S.A.
- Fortis Life Sciences
- Precision Antibody
- Biocytogen Pharmaceuticals Beijing Co Ltd
- Abgenex.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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