Global Market Study on Antibody Testing: Rise in Prevalence of Chronic Diseases to Heighten Demand


Antibody Testing  Market
  • Published On : Sep-2020 |
  • Pages : 235 Pages |
  • Format : Antibody Testing  Market Antibody Testing  Market Antibody Testing  Market Antibody Testing  Market

Burden of chronic diseases is expected to continue growing in the coming years, which will be a major reason for the expansion of the antibody testing market size. With diagnosis being the first step to any kind of treatment, test kits will be imperative to diagnose any condition to start related treatment.

Disease burden, for example, the burden of diabetes, is expected to increase from 84 million in 1995 to 228 million in 2025 in the developing world, which will create demand for antibody testing kits. Furthermore, constant investments by big market players to launch novel diagnostic kits to cater to unmet demand is also a positive factor aiding the antibody testing market to register robust growth.

Antibody Testing Market Trends

Laboratory Automation & Microfluidics Technology Integration in Immunoassays to Present Opportunities: Advancements in technology have caused disruptions everywhere, and the field of diagnostics has not remained untouched with this. Growing demand for tests without compromising on the quality and accuracy of results has resulted in the automation of many processes. Rapid antibody testing kits are thus very much part of this growing automation to provide swift, yet accurate results. Not only technology advancements in lab automation, but also in immunoassays will create opportunities for players in the antibody testing market space. For example, development of multi analyte immunoassays and integration of microfluidics in immunoassays have unleashed a plethora of possibilities for the antibody testing market.

Collaborative & Innovation-driven Strategies by Key Players to Give Major Push: The antibody testing market is a very fragmented space, with many players dominating niche markets. Our research has shown that, major growth strategies followed by industry giants involve acquisitions and collaborations to expand both, their product portfolio and geographical reach, so as to increase their antibody testing market share. These partnerships and acquisitions are providing companies with better market penetration without consuming too much time for brand building or visibility.

  • For instance, Agilent Technologies Inc in 2016, acquired Multiplicom N.V– a leading European diagnostic company, and strengthened its presence in the European market. 

Apart from this, major market players are investing in research & development, and will be launching new products in the market to stay relevant.

  • For example, in September, 2020, F. Hoffmann-La Roche Ltd launched the Elecsys Anti-SARS-CoV-2 S test, a quantitative test to measure antibodies against the virus.
  • Another example of adjusting with the changing market is of Bio-Rad Laboratories, which has received an approval by the US FDA for Emergency Use Authorization (EUA) for the use of its SARS-CoV-2 Droplet Digital PCR (ddPCR) test kit.

COVID-19 Impact on Antibody Testing Market

The crisis unleashed by the COVID-19 pandemic is unprecedented, with disruptions caused in almost all industries and all regions of the world. Demand for antibody testing kits to diagnose the COVID-19 infection is at an all-time high, and is not likely to subdue in the near future. Rising infection rates coupled with emergence of cases with re-infections are likely to drive the demand for COVID-19 test kits, resulting in the growth of the antibody testing market. 

The current pandemic is not a standalone phenomenon, but is believed to be a part of a larger pattern of approaching pandemics due to climate change and changing dynamics of the planet. Keeping this in view, the industry should be prepared with novel antibody testing kits to deal with future crises.

Analysts’ Viewpoint

PMR analysts, after conducting thorough research and analysis of the antibody testing market, have drawn a conclusion that, the market looks extremely promising in the coming future. At the moment, serological test kits and immunoglobulins kits are the most sought-after by major market players. It is for the same reason that these segments are dominating the global antibody testing market. Regional analysis determines that the markets in North America and Europe will be leading the global antibody testing market through 2030

Antibody Testing Market - Scope of the Report

The latest publication by Persistence Market Research (PMR) on the global antibody testing market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global antibody testing market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, and opportunities of the antibody testing market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030. 

Important indicators for the successful growth of the antibody testing market are presented in this comprehensive report, which include supply chain analysis, value chain analysis, Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in PMR's research. This research study can support readers to know the demand for antibody testing and quantitative development opportunities during the study period. 

The research is beneficial for shareholders in the antibody testing market, including antibody testing market investors and service providers, and can help them in developing suitable business strategies to flourish in the antibody testing market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the antibody testing market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.   

Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the antibody testing market are also included in the current study. Depending on potential developments in the antibody testing market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this report, minor companies and new entrants in the antibody testing industry can be aided in making suitable company choices to achieve traction in the antibody testing market.  

Key Segments of Antibody Testing Market

PMR’s study on the antibody testing market offers information divided into four important segments—product, indication, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Product

  • Serological Test Kit
    • Serological Assay Test Kits
    • Serological Rapid Assay Kits
  • Immunoglobulin Kits
    • Immunoglobulin Assay Test Kits
    • Immunoglobulin Rapid Assay Kits
  • Lateral Flow Assay Kits
    • Lateral Flow Assay Test Kits
    • Lateral Flow Rapid Assay Kits
  • Chemicals and Reagents
  • Consumables

Indication

  • Pregnancy 
  • Cardiovascular Disease
  • Autoimmune Disease
  • Infectious Disease
  • Oncology
  • Endocrine Disease
  • Diabetes
  • Others

End User

  • Hospital
  • Academic and Research Institutes
  • Diagnostic Laboratories
  • Biopharmaceutical Companies
  • Homecare Settings

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Answered in PMR’s Antibody Testing Market Report

  • Which regions will continue to remain the most profitable regional markets for antibody testing market players?
  • Which factors will induce a change in the demand for antibody testing during the assessment period?
  • How will COVID-19 change the trends in the antibody testing market?
  • How can market players capture the low-hanging opportunities in the antibody testing market in developed regions?
  • What are the winning strategies of stakeholders in the antibody testing market to upscale their position in this landscape?
  • What are the restraints that investors need to be aware of and tackle while investing in antibody testing market?
  • What are the developmental trends in antibody testing sectors that will impact the market?
  • How can businesses in the antibody testing market avail the growth opportunities in developed and emerging economies?

Antibody Testing Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the antibody testing market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the antibody testing market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts interviewed specialized industry experts, medical professionals, and research scholars using antibody-based test kits, and key executives of product manufacturing companies, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the antibody testing market, and makes PMR’s projections on the growth prospects of the antibody testing market more accurate and reliable.

Companies covered in Antibody Testing Market Report

  • Thermo Fisher Scientific.
  • Abbott Laboratories
  • Bio-Rad Laboratories, Inc.
  • Beckton, Dickinson and Company
  • F. Hoffmann-La Roche
  • Agilent Technologies
  • DiaSorin
  • Zeus Scientific
  • Abcam
  • Trinity Biotech
  • Werfen (Biokit)
  • Promega
  • BioLegend
  • Meridian Bioscience
  • Bio-Techne (R&D Systems)
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