The 2023 report on the “IVD Antibodies Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global IVD Antibodies Market is valued approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. The IVD Antibodies or In Vitro Diagnostics (IVD) Antibodies refers to diagnostic tools utilized for clinical diagnostics and research applications. These are used in combination with diagnostic assays to detect and diagnose numerous chronic and infectious diseases including cancer, tuberculosis, HIV etc.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growing prevalence of chronic and infectious diseases and increasing number of proteomics and genomics research activities as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to World health Organization Estimates – as of 2021, globally around 41 million people succumbs to Noncommunicable diseases (NCDs), representing around 71% of all global deaths. Cardiovascular diseases account for highest number of NCD death, or 17.9 million deaths annually, followed by cancers (9.3 million deaths), respiratory diseases (4.1 million deaths), and diabetes (1.5 million deaths). Furthermore, leading market players are coming up with new products to leverage the growing adoption of antibody based invitro diagnostics products.
For instance, in May 2020, Biocare unveiled seven novel IVD IHC antibody markers for clinical diagnostics and research applications. Biocare redeveloped its S100 protein antibody and launched one mouse monoclonal and five novel rabbit monoclonal antibodies in the immuno-oncology space: CTLA-4 [CAL49], GITR [CAL8], LAG3 [CAL26], PD-1 [CAL20], CD22 (M) [BLCAM/1796], and E-cadherin [CDH1/2208R]. Also, growing R&D spending in healthcare sector as well as rising emergence of antibodies-based diagnostic products are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with IVD antibodies coupled with low penetration rate in emerging markets impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global IVD Antibodies Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing prevalence of cancer and cardiovascular diseases as well as presence of leading market players. Whereas, Asia pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising incidences of infectious diseases and surging healthcare infrastructure in the region, would create lucrative growth prospects for the global IVD Antibodies Market across the North American region.
Major market players included in this report are:
Thermo Fisher Scientific
Rockland Immunochemicals Inc.
Abcam plc.
SDIX, LLC.
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GenScript
Bio-Rad Laboratories, Inc.
HyTest Ltd.
Advy Chemical Pvt. Ltd.
MEDICAL & BIOLOGICAL LABORATORIES CO., LTD.
Abbott
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Cardiac Markers
Tumor Markers
Kidney Injury Markers
Infection and Inflammation Antibodies
By Application:
Immunology
Cancer
Cardiovascular Diseases
By End User:
Hospitals
Diagnostic Laboratories
Homecare Settings
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
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ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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