Global Polyclonal Antibodies Market to Project with +4% CAGR by 2029, says Brandessence Market Research

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26 Apr, 2023, 14:10 GMT

LONDON, April 26, 2023 /PRNewswire/ --

Key Takeaways:

  • Global Polyclonal Antibodies Market is expected to witness a CAGR of 4% over 2022-2029.
  • Growing chronic disease prevalence, increase in healthcare expenditure, and widespread technological advancements are propelling market growth.
  • Middle East & Africa is witnessing substantial progression due to evolving healthcare expenditure and rising demand for personalized medicines.
  • The numerous players operating in this industry are facing intense competition from each other.

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Global Polyclonal Antibodies Market Outlook (2022-2029)

The Global Polyclonal Antibodies Market is anticipated to amplify with a CAGR of 4% over the assessment timeline of 2022-2028.

Polyclonal antibodies are predominantly produced by numerous B-cells in response to a foreign substance termed as an antigen. These antibodies comprise of a mixture of diverse antibodies which can recognize specific parts of the antigen, known as epitopes. These epitomes are produced by a single clone of B-cells. Polyclonal antibodies are commonly used in research and diagnostics because they can recognize multiple epitopes on a target molecule, which increases the chances of detection. They are also utilized in therapies, such as antivenoms, which are used to treat bites from different species of venomous snakes or spiders.   

Competitive Hierarchy

The prominent players  defining the competitive terrain of  the Global Polyclonal Antibodies Market are Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Abcam plc (UK), BD (U.S.), Bio-Rad Laboratories Inc. (U.S.), Cell Signaling Technology Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Danaher (U.S.), Agilent Technologies (U.S.), PerkinElmer Inc. (U.S.), Lonza (Switzerland), GenScript (China), BioLegend Inc. (U.S.), Illumia Inc. (U.S.), ImmonoPresice Antibodies Ltd (Canada), Fujirebio (Sweden), Analytik Jena GmbH (Germany), Omega BioTek Inc. (U.S.), Dovetail Genomics (U.S.), and Atlas Antibodies (Sweden).

Segmental Outlook

  • Based on product type, the secondary antibody segment is presently leading the owing to their cost effectiveness, versatility, and broad range of applications.
  • In terms of application, the commercial segment is projected to amass notable gains over the estimated timeframe. This is due to the increasing number of biotech and biopharma companies associated with the production of polyclonal antibodies.

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Region-Wise Outlook

Middle East & Africa

The industry in this region is gaining significant traction because of the ever-rising healthcare spending, rising pervasiveness of chronic ailments, along with continuous R&D investments. Also, the surge in the geriatric population, elevating demand for personalized medicines, and rapidly evolving medical infrastructure are adding to the growth of this regional industry.

Europe

Europe has been showcasing promising growth over 2022-2029. This is attributable to the escalating demand for early and accurate disease diagnosis and treatment. Besides, increasing healthcare expenditure, rapidly evolving healthcare infrastructure and technological advancements in the field are further contributing to the industry development in this region.  

Elaborating The Key Trends and Dynamics of This Industry

The rising prevalence of both chronic and infectious diseases along with the increasing healthcare expenditure are primarily augmenting the outlook of this industry sphere. Furthermore, increasing R&D activities in the field, rapidly evolving healthcare infrastructure across various regions, along with widespread technological advancements in the field are creating an upward trend in this market. Besides, surging neurobiology and stem cell-based research activities, escalating demand for therapeutic antibodies, and growing cancer pervasiveness worldwide are adding momentum to the progression of this business vertical. Alongside, increase in the geriatric population base and the affordability of polyclonal antibodies are aiding the expansion of this industry.

Major Growth Drivers

Growing prevalence of chronic diseases- There is a rising prevalence of chronic ailments like cancer, diabetes, COPD, and autoimmune diseases across the globe. Genetic defects, age, unhealthy lifestyle, and surging pollution levels are some of the major reasons leading to the rapid occurrence of such ailments. Polyclonal antibodies are predominantly used in the diagnosis and treatment of these diseases due to their affordability and efficacy. Apart from that, these antibodies can also be customized to target specific antigens, which makes them ideal for use in personalized medicine. It is worth noting that personalized medicines are gaining immense popularity when it comes to the treatment of diseases like cancer. This is because they are specifically developed as per the need of an individual and therefore are highly effective in nature. These factors together are positively swaying the dynamics of this market vertically.

Increasing cognizance about the benefits of these antibodies- The growing awareness about the benefits of polyclonal antibodies, such as their ability to recognize multiple epitopes and their high specificity is another growth stimulant for this market. This increased awareness has accelerated the adoption of these antibodies in research, diagnostics, and therapeutics. Alongside, rapid technological advancements are further helping this industry to evolve.

Challenges

Animal cruelty related ethical concerns- Polyclonal antibodies are generally obtained from animals. They are first immunized using an antigen before extracting these antibodies. But several regulatory bodies have voiced opposition to this practice before of its invasive nature. Some animals also react adversely to these antigens. This is a potential challenge being faced by this industry.

Opportunities

Rising application of polyclonal antibodies in disease diagnostics:

These antibodies are being used in the diagnostics sector which is creating potential growth prospects for this market. These antibodies can be effectively used in point-of-care testing devices to enhance their efficacy. Apart from that, with rapid technological advancements, polyclonal antibodies can also be used in novel diagnostic techniques for the early detection of ailments like cancer. These factors together are projected to create an upward trend in this industry in the ensuing years.

Restraints

High production costs:

The production process of antibodies is quite complicated. Laboratories and research institutes which are facilitating the same should have adequate infrastructure, skilled professionals, and proper equipment. This increases the cost of the entire production process. Smaller laboratories have budget constraints which in turn prevent them from entering this industry. This is obstructing the development of this industry.

Porter's Five Forces Analysis

Threat of new entrants- The production process of polyclonal antibodies is quite complex. It requires adequate infrastructure and expertise, along with high-end technologies and equipment. This makes the entire process quite expensive. This creates a barrier for the new entrants. Apart from that, the already existing companies have already built a strong foothold in the market and have captured a broad consumer base. Due to all these factors, the threat of new entrants is low in this industry.

Bargaining power of suppliers- This industry has a large number of raw materials and equipment suppliers. Thus, the buyers have a diverse range of options to choose from. They generally opt for suppliers who provide quality products at reasonable rates. Every supplier tries to hook the customers by producing quality raw materials and equipment while fixing reasonable rates for the same. Hence the bargaining power of suppliers is low in this market.

Bargaining power of buyers- The buyers get a wide range of options to choose from since there are numerous suppliers operating in this industry. These buyers have strong purchasing power along with the ability to negotiate the prices with their potential suppliers. They mostly try to procure high quality products at lower prices from the suppliers. Thus, the bargaining power of buyers is high in this business space.

Threat of substitute- The threat of substitutes in this market is relatively high. This is because of the existence of alternate technologies and products like monoclonal antibodies, nucleic acid-based assays, and recombinant proteins, among others. These substitutes can be used for disease diagnosis, R&D activities, and treatments.

Competitive Rivalry- The existing players in the market face intense competition from each other. They are keen on staying ahead of the curve and emerging as global leaders. These companies compete on the basis of quality, price, and product portfolio. Therefore, the competitive rivalry in this market is high.

On Special Requirement Polyclonal Antibodies Market Report is also available for below region:

North America

  • U.S, Canada

Europe

  • Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

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Major Developments

Acquisitions

In 2021, Bio-Rad Laboratories, a leading provider of life science research tools, announced the acquisition of Celsee, a microfluidic systems manufacturer. This acquisition expanded Bio-Rad Laboratories' capabilities in the analysis of rare cells, including the detection of circulating tumor cells.

In December 2021, Ziylo, a synthetic glucose binding molecules manufacturer was acquired by Novo Nordisk. This acquisition allowed the latter to enhance its diabetes treatment portfolio.

Partnerships

In May 2021, Sino Biological joined forces with polyclonal antibodies manufacturer Precision Antibody. This decision is likely to enable the former to enhance its offerings in the polyclonal antibodies sector.

In August 2021, BioLegend inked a partnership deal with US based digital cell biology platforms provider Berkeley Lights.

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