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Kenneth Research recently added a report on Antibody Production Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Antibody Production Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Antibody Production Market products.
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The global Antibody Productionmarket was valued at USD 7.42billion in 2016 and is projected to reach USD 21.04billionby 2025, growing at a CAGR of 12.28% from 2017 to 2025.
Antibody production is a crucial part of biotechnology and drug development procedures in the R&D departments. With increasing demand of personalized medicine and cases of organ transplantations, the market expected to grow at a high rate during the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Favorable Govt. Regulations such as U.S. Fda Clearance of Therapeutic Mabs
1.2 Increasing Adoption of Targeted Immunotherapy in treatment
1.3 Increase in R&D Expenditure
1.4 Rising Number of Fast Track and Orphan Drug Designations
2. Market Restraints
2.1 Cost Constraints Related to the Adoption of Membrane Filters
Market Segmentation:
1. By End User:
1.1 Pharmaceutical and Biotechnology Companies
1.2 Diagnostic Laboratories
1.3 Research Institutes
2. By Process:
2.1 Upstream Processing
2.2 Bioreactors
2.2.1 Large-Scale Bioreactors
2.2.2 Single-Use Bioreactors (SUBS)
2.3 Consumables
2.3.1 Media
2.3.2 Reagents and Buffers
2.4 Downstream Processing
2.4.1 Chromatography Instruments
2.4.2 Chromatography Resins
2.4.2.1 Affinity Chromatography Resins
2.5 Ion Exchange (IEX) Chromatography Resins
2.6 Hydrophobic Interaction Chromatography (HIC) Resins
2.7 Multimodal Chromatography Resins
2.8 Filtration
2.8.1 Filtration Systems
2.8.2 Filtration Consumables and Accessories
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. GE Healthcare (A SUBSidiary of General Electric Company)
2. Merck KGAA
3. Thermo Fisher Scientific, Inc.
4. Sartorius AG
5. Pall Corporation (Acquired By Danaher Corporation)
6. Sigma-Aldrich Corporation (Acquired By Merck KGAA)
7. Eppendorf AG
8. Cellab GmbH
9. Integra Biosciences AG
10. Fibercell Systems Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Antibody Productionmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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