Antibody Testing Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global antibody testing market was valued at USD 198.2 billion, and a CAGR of 12.1% is expected during the forecast period. Antibodies are found in the immune system to protect us from foreign invaders. An antibody test is a screening for antibodies in the blood. It involves various diagnostic methods to detect specific antibodies in the body and is used for various purposes like disease diagnosis, monitoring treatment efficacy, and assessing immunity status. The market has been significantly expanding due to growing demand for accurate and rapid testing. Several key drivers shaping the growth of the market are

·         Pandemic Response

·         Advancements in technology

·         Disease management and monitoring

·         Rising chronic diseases

·         Increased awareness and accessibility

·         Point-of- care testing

Antibodies tests involve checking for specific antibodies in the blood to determine past exposure to certain infections, like COVID-19. It indicates if someone has developed an immune response to the virus.

Impact of Covid-19

COVID-19 significantly impacted the antibody testing market, leading to a surge in demand for serology tests to identify past infections. The pandemic prompted an urgent need for antibody tests to assess population immunity and understand the virus’s spread. The market saw increased research, development, and production of these tests, influencing technological advancements and innovation in diagnostic techniques. Fluctuation occurred due to varying accuracy of tests, changing healthcare policies, and evolving infection rates, affecting the growth patterns.

Growth Drivers

Rising cases of infectious diseases and the need for quick and accurate diagnostic tools fuel the demand for antibody tests. Continuous innovation in assay development, automation, and point-of-care testing methods enhances the accuracy, sensitivity, and speed of antibody tests, driving the growth of the market. The COVID-19 pandemic accelerated research, and the increasing prevalence of chronic diseases like autoimmune diseases and cancer led to a growing demand for antibody testing. During the pandemic, all other diseases were neglected completely, especially in the early phase. The market for antibodies is expanding as a result of expanding proteomics and genomics research fields, as well as increased research and development efforts in the life science industry. Due to the ongoing need for sample collection, consumables are the leading segment.

Increasing demand for antibodies in the treatment of autoimmune disease and cancer is growing the market significantly. Rising cases of viral infection are anticipated to drive the demand for antibodies. The National Stem Cell Foundation has reported that 4% of the world population is affected by some kind of auto-immune disease. The most common auto-immune diseases are diabetes and rheumatoid arthritis. Rising cases of Parkinson’s disease among the older population are a key factor fueling the demand for antibodies. Hospitals are expected to generate the highest demand throughout the forecast period.

Segmentation

Product Based

·         Kits

·         Chemical and Reagents

·         Consumables

Based on Indication

·         Pregnancy

·         Infectious Disease

·         Oncology

·         Cardio-vascular disease

·         Oncology

·         Endocrine disease

·         Autoimmune Diseases

·         Other Disease

Based on End User

·         Hospitals

·         Academics and Research Institute

·         Diagnostic laboratories

·         Biopharmaceuticals company

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Antibodies Testing Market Product Based Segmentation

On the basis of product-based segmentation, the antibody testing market is segmented into kits, consumables, chemicals, and reagents. Consumables are the leading segment and are expected to dominate the market during the forecast period. In the antibody testing market, consumables refer to items like sample collection kits or assay components, while chemicals and reagents involve substances used in testing procedures. Rising cases of infectious diseases are driving the growth of the market significantly.

 Antibodies testing Market End-User Segmentation

On the basis of end-user segmentation, the antibody testing market is segmented into hospitals, academic and research institutes, diagnostic laboratories, and others. Diagnostic Laboratories is the leading segment and is expected to maintain its dominance during the forecast period. The growing population is increasing the demand for good hospitals for the treatment of several chronic diseases. Specialized labs and blood banks are established to conduct a wide range of antibody tests, providing services to healthcare providers and patients. Hospitals are another leading segment.

 Antibodies testing Market Indication based Segmentation

On the basis of indication, the antibody testing market is segmented into pregnancy, infectious disease, oncology, cardio-vascular disease, endocrine disease, autoimmune diseases, and other diseases. The infectious diseases segment held the largest share of the market and is expected to remain the same during the forecast period. In oncology, antibody testing serves various crucial purposes. Antibody tests aid in detecting specific biomarkers or tumor-associated antigens that indicate the presence of cancer. Prognosis and monitoring help assess the progression of the disease, monitor treatment effectiveness, and detect any recurrence of the cancer. Antibody testing plays a pivotal role in cancer research, facilitating the understanding of tumor biology and the development of new strategies. Certain antibody tests assist in identifying suitable targeted therapies or immunotherapies based on the tumor’s specific molecular characteristics.

 Regional Outlook

 On the basis of regions, the antibody testing market is segmented into 5 parts: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America is leading the market due to the advanced healthcare system and technological advancements in the region. The North American market is typically growing due to the presence of some key companies in the region. The United States and Canada are key markets. European market due to the presence of Germany, France, and the United Kingdom. Rapid urbanization, rapid industrialization, and an increasing geriatric population in China and India are experiencing significant growth in the market. Middle East, Africa, and Latin America due to the need to get rid of chronic diseases efficiently. Increased awareness and rising advancements in healthcare infrastructure are driving the growth of the market. The demand for antibodies testing increased in the region due to rising investment in healthcare infrastructure

Key Players

·         Thermo Fisher Scientific

·         Abbott Laboratories

·         Bio-Rad Laboratories INC

·         Beckton Dickinson and Company

·         Agilent Technologies

·         Diasorin

·         Abcam

·         Trinity Biotech

·         Zeus Scienctific

·         Other Players

Global Antibody Testing Market research report presents a strategic analysis of the global Antibody Testing Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Antibody Testing revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Antibody Testing market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Antibody Testing Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Antibody Testing Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Antibody Testing revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

How Can You Benefit from This Report?

In this report you can:

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This report detailed and all-inclusive data on Antibody Testing Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

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·         Regional and country assessment and opportunity analysis;

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·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

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·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

·         Investment managers;

·         Financial professionals;

·         M&A managers.

Regional Coverage

The report on the global Antibody Testing Market breaks down the world into the following regions & countries and covers every single one of them:

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