Antibody Discovery Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Antibody Discovery Market is segmented By Type of Service Offered (Antigen Designing, Hit Generation, Lead Selection, Lead Optimization, Lead Characte....
Antibody Discovery Market Size
Market Size in USD
CAGR12.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 12.3% |
| Market Concentration | High |
| Major Players | WuXi Biologics, GenScript, Genmab, Harbour BioMed, ImmunoPrecise |
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Antibody Discovery Market Analysis
The antibody discovery market is estimated to be valued at USD 2.8 Bn in 2024 and is expected to reach USD 6.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031. Advances in antibody engineering technologies like phage display have increased the demand for antibody discovery services. The market is driven by the rising prevalence of chronic and infectious diseases and the growth of therapeutic antibodies to treat such disorders.
The antibody discovery market is expected to witness significant growth due to increasing R&D spending by pharmaceutical and biotechnology companies. Further, the rise in research activities pertaining to antibody-based therapeutics and diagnostics will support the growth of this market. Additionally, the growing focus on development of next-generation antibody therapeutics is anticipated to provide lucrative opportunities for vendors in the coming years.