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North America Custom Antibody Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service ; Type ; Source ; Research Area ; End User

North America Custom Antibody Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service ; Type ; Source ; Research Area ; End User

  • July 2021
  • 174 pages
  • ID: 6134724
  • Format: PDF
  • The Insight Partners


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The custom antibody market in North America is expected to grow from US$ 186.5 million in 2021 to US$ 374.3 million by 2028; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028. Various companies are aggressively offering research and development services for the production of custom antibodies. In June 2021, GenScript announced the launch of MonoRab, a custom rabbit monoclonal antibody (mAb) service. It is added in the company’s integrated premium antibody service portfolio. MonoRab is the company’s proprietary technology that utilizes the combination of hybridoma technologies and early-stage monoclonal antibody sequencing. The custom rabbit mAbs delivered with the use of these technologies are more specific and possess higher affinity as well as diversified abilities required for a broad range of applications. Further, in March 2020, Absolute Antibody Ltd announced the launch of high-throughput recombinant antibody production service for its FleXpress. The company’s services facilitating the rapid expression of many antibodies, up to a volume of 80 ml scale; they also help boost the production capacities, thereby enabling the companies to meet rising demands for recombinant antibodies.
The custom antibody market is segmented on the bases of service, type, source, research area, and end user.Based on service, the market is segmented into antibody development, antibody production and purification, and antibody fragmentation and labelling.

In 2020, the antibody development segment held the largest share of the market; it is further estimated to grow at a significant CAGR during the forecast period. The market growth of the segment is ascribed to the growing focus of researchers on high-quality custom antibodies for the reproducibility of results.
The approval of custom antibodies have bolstered the development of COVID-19 vaccines.The custom antibody market players such as Thermo Fisher Scientific (US) and Abcam plc (US), witnessed a negative impact on their services in early 2020 due to the temporary shutdown of their laboratories.

However, as lockdown limitations were gradually lifted, research laboratories around the world started reopening.As a result, most service providers prioritized actions to provide assistance to organizations and companies performing critical work related to the treatment and the prevention of COVID-19, and collaborations in the UK, US, and China concentrated on the development of SARS-CoV-2 diagnostic tools, drugs, and vaccines.

As per the reports of Abcam plc., the company witnessed 6.7% growth in the first half of 2021 compared to the same period in 2020. Custom Products & Licensing (CP&L) revenue has seen an increase of 15.9%. Additionally, Thermo Fisher Scientific observed 15.2% growth in the third quarter of 2020 compared to the same period in 2020. Therefore, the COVID-19 pandemic has been boosting the custom antibody market growth.
The North America custom antibody market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the North America custom antibody market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the North America custom antibody market. Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Merck KGAA, Abcam, Genscript, Rockland Immunochemicals, Inc., Promab, Biolegend, Inc., Agilent Technologies, Inc., and Cell Signaling Technology, Inc. are among the major market players operating in North America.

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