PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454118
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1454118
Recombinant Antibodies Market size was valued at USD 12,110 Million in 2023, expanding at a CAGR of 6.5% from 2024 to 2032.
Synthetic monoclonal antibodies, or recombinant antibodies, are created in vitro using recombinant DNA technology as a substitute for the traditional hybridoma-based approach of manufacturing monoclonal antibodies. Recombinant antibodies may be created without vaccinating animals since synthetic genes are employed to make them outside of the immune system. These synthetic antibodies are superior to traditional animal-derived antibodies in a number of respects and may be used in any application due to their high specificity, sensitivity, and repeatability.
Recombinant Antibodies Market- Market Dynamics
Increasing cases of cancer and infectious disease drives market growth
Over the projected period, the market for recombinant antibodies is anticipated to grow as a result of the rising incidence of infectious diseases and cancer cases worldwide. By identifying and attaching to antigens expressed on the surface of cancer cells, recombinant antibodies are engineered to precisely target cells that are cancerous. Compared to conventional chemotherapy, this focused approach reduces adverse effects and decreases harm to healthy cells. This may also be used to passive immunization, which offers instant defense against infectious pathogens. They can be given to those who are at danger or have been exposed to infections, such as in the event of certain viral epidemics, since they are made to resemble the immune response. For instance, according to estimates from the Global Cancer Observatory (GLOBOCAN), there will be 19.3 million incident cases of cancer globally in 2020. India placed third, behind the United States of America and China. 2.08 million new cases of cancer would be detected in India in 2040, up 57.5 percent from 2020.
Recombinant Antibodies Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2024-2032)
Based on type segmentation, the Single Chain Antibody segment is expected to capture the largest revenue share over the projected period
Based on application segmentation, the Pharmaceutical & Biotechnology segment is expected to dominate the market over the projected period
Based on region, North America is expected to dominate the market over the forecast period
The Global Recombinant Antibodies Market is segmented based on Type, Application and Region.
Based on the type, the Recombinant Antibodies market is bifurcated into Single Chain Antibody, Full Human Antibody, Humanized Antibody, Chimeric Antibody and Bispecific Antibody. The Single Chain Antibody segment is expected to capture the largest revenue share over the projected period. Recombinant DNA technology is used to manufacture single chain antibodies, enabling the modification of binding specificity and affinity. This characteristic increases their adaptability in focusing on particular antigens associated with a range of illnesses. Because of their smaller size and simpler structure than typical antibodies, scFv molecules are useful in some situations. greater tissue penetration may be made possible by their lower size, which might lead to greater therapeutic results.
Based on the application, the global Recombinant Antibodies market is segmented into Hospitals & Diagnostic Laboratories, Pharmaceutical & Biotechnology, Research Institutes and Others. The Pharmaceutical & Biotechnology segment is expected to dominate the market over the projected period. Major pharmaceutical and biotechnology companies invest heavily in research and development activities related to recombinant antibodies. Thus, driving the segment expansion.
Recombinant Antibodies Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. The regional market expansion is attributed to the presence of major players. Additionally, the rising prevalence of cancer and others infectious disease significantly drive the market growth in the region.
The key players operating in the market are Bio-Rad Laboratories, GE Healthcare, F. Hoffmann-La Roche, BIOLEGEND, BD Biosciences, Creative Biolabs, Merck KGaA, Abnova, Abcam, SinoBiological, BBI Solutions, ProMab Biotechnologies and Beckman Coulter. These players adopted various strategies to gain major market share in the industry including product launch, acquisition, collaboration and others.
In November 2023, Lonza declared the opening of its new GS Effex(R) cell line to facilitate the production of more potent therapeutic antibodies. The GS Effex(R) cell line was created in response to urgent market demands brought on by the move toward more advanced therapeutic antibodies. GS Effex(R), which is derived from Lonza's top-performing GS Xceed(R) cell line, integrates well with Lonza platforms. When coupled with robust cell growth and the capacity to generate potent therapeutic antibodies, this unique cell line offers a solution for therapeutic development spanning from early-stage research to commercial manufacture.
GLOBAL RECOMBINANT ANTIBODIES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Bio-Rad Laboratories
GE Healthcare
F. Hoffmann-La Roche
BIOLEGEND
BD Biosciences
Creative Biolabs
Merck KGaA
Abnova
Abcam
SinoBiological
BBI Solutions
ProMab Biotechnologies
Beckman Coulter