- The advancements in the field of antibody development technologies have had a revolutionizing impact on the overall diagnostic science and industry
- With increasing number of factors – physical as well as environmental – leading to wide range of infections, the diagnostic specialty antibodies market is expected to witness a promising demand
ALBANY, New York, May 26, 2020 /PRNewswire/ -- Transparency Market Research has recently come up with a new research report that provides a detailed information about the overall working dynamics of the global diagnostic specialty antibodies market. The research report offers detailed as well as meaningful insights on the key market segments, driving and restraining factors, geographical outlook, and the overall condition of the vendor landscape of the global diagnostic specialty antibodies market.
According to the research report, the global diagnostic specialty antibodies market is expected to showcase a healthy CAGR of 5.3% over the course of the given forecast period ranging from 2019 to 2027. Given the rate of development, the market is expected to rise up to a valuation worth US$35.8 Bn by the end of 2027. Initially, the market was valued at US$22.6 Bn in the year 2018.
Global Diagnostic Specialty Antibodies Market – Key Takeaways
Based on the type of antibody, the global diagnostic specialty antibodies market is expected to be dominated by the segment of monoclonal antibodies. The segment accounted for a considerable chunk of the global market in 2018 and is expected to continue to dominate over the course of the forecast period.
In terms of end user, the global diagnostic specialty antibodies market is projected to be dominated by the segment of hospitals even though specialty antibody applications are categorically used in the diagnostic and research procedures. The hospitals segment is expected to witness a healthy growth rate in the coming years of the forecast period.
In terms of application, the global market is segmented into infectious disease diagnostics, HIV diagnostics, oncology diagnostics, dengue diagnostics, tuberculosis diagnostics, hepatitis diagnostics, and other diagnostics.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Diagnostic Specialty Antibodies Market (Antibody Type - Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Polyclonal Antibodies; Application - Hepatitis Diagnosis, Tuberculosis Diagnostics, Dengue Diagnostics, Oncology Diagnostics, HIV Diagnostics, Infectious Disease Diagnostics; End user - Hospitals, Diagnostic Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027. TOC - https://www.transparencymarketresearch.com/report-toc/54984
Global Diagnostic Specialty Antibodies Market – Key Driving Factors
There are several factors that are exerting a positive influence on the overall development of the global diagnostic specialty antibodies market. One of the key driving factors for the market growth has been the increasing demand for these diagnostic specialty antibodies for prompt as well as highly accurate diagnosis of variety of diseases.
In recent years, due to the evolving and constantly changing consumer lifestyles, people have become susceptible to large array of infections. Moreover, these infections have the tendency to have a quick community spread and infect large population in rapid time.
In order to stop such rapid spread and quickly & accurately identify the infection, the diagnostic specialty antibodies market is witnessing a highly promising growth.
Another important factor for the growth of the global market has been the recent developments and advancements in the field of antibody development technologies.
It has massively revolutionized the field of diagnostic science and the way antigens and antibodies are produced.
Global Diagnostic Specialty Antibody Market – Geographical Outlook
There are five key regions of the global diagnostic specialty antibodies market viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global market is being dominated by the regional segment of North America and accounted for a considerable share in 2018.
Presence of key players, highly developed healthcare infrastructure, and constant technological advancements are some of the key factors driving the growth of the regional market.
Analyze Sodium Lauryl Sulfate Marketgrowth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea.
Global Diagnostic Specialty Antibody Market – Key Players
F. Hoffmann-La Roche AG, Sanofi, and Abbott Laboratories are the major players operating in the diagnostic specialty antibody market.
The global diagnostic specialty antibody market has been segmented as follows:
Global Diagnostic specialty antibody Market, by Antibody Type
Recombinant Polyclonal Antibodies
Global Diagnostic specialty antibody Market, by Application
Infectious Disease Diagnostics
Global Diagnostic specialty antibody Market, by End-user
Global Diagnostic specialty antibody Market, by Region
Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Monoclonal Antibody Therapeutics Market – The research report by Transparency Market Research states that the global monoclonal antibody therapeutics market was worth US$86.7 bn in 2015 and is expected to reach US$245.8 bn by 2024. Between the forecast years of 2016 and 2024, the overall market is expected to rise at a CAGR of 12.6%.
Radiopharmaceutical Market – The demand for radiopharmaceuticals is expected to witness considerable growth during the forecast period, due to their widening applications in oncology, cardiology, neurology, etc. Thus, the global radiopharmaceutical market is expected to reach a value of ~US$ 5.4 Bn by the end of 2027.
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