According to a new report by MarketsandMarkets™, the global Custom Antibody Market is expected to experience significant growth over the next five years. The market, estimated to be worth $579 million in 2024, is projected to reach $901 million by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
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The rise in demand for custom antibodies is attributed to advancements in therapeutic antibody development, increased investment in research and development in the biotechnology and pharmaceutical sectors, and the growing focus on personalized medicine. Custom antibodies, designed to target specific antigens, play a critical role in diagnostics, therapeutic applications, and drug discovery.
Key drivers of growth include:
· Increased use of custom antibodies in cancer research and immunotherapy.
· Rising demand for advanced diagnostic and therapeutic tools in the healthcare sector.
Growing focus on precision medicine and targeted therapies.
The report highlights that North America holds the largest market share, with substantial growth opportunities in the Asia-Pacific region, driven by expanding research initiatives and advancements in biopharmaceutical industries.
Content Source:
https://www.marketsandmarkets.com/PressReleases/custom-antibody.asp
https://www.marketsandmarkets.com/ResearchInsight/custom-antibody-market.asp
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