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Global Antibody Production Market expected

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Global Antibody Production Market is expected to grow at a CAGR of 14.2% to reach US$ 16.32 billion in 2024. The growth is coupled with an increasing need for protein curatives and rising widespread presence of infectious disease. The other factors propelling the growth of the Global Antibody Production Market are the patent cessation of successful monoclonal antibodies, raised R&D disbursement of biotechnology and pharmaceutical companies, rising acceptance of targeted immunotherapy and therapeutic antibodies by governing authorities.

The increasing focus of biopharmaceutical & biotechnology companies to produce antibody therapeutics is a major factor driving the growth. These therapeutics are highly effective in the treatment of rheumatoid arthritis, cancer, and other chronic diseases. Thus, the production of therapeutic antibodies is increasing, which is expected to drive the growth of the Global Antibody Production Market during the forecast period.

North America had the highest market share in 2017. The Global Antibody Production Market is driven by the factor including the presence of many large biotechnology and biopharmaceutical firms in this region. In addition, the highly developed healthcare & research infrastructure and increased focus on drug discovery in North America have fuelled the regional Global Antibody Production Market growth.

The Asia Pacific is expected to exhibit the highest growth during the forecast period, owing to untapped opportunities in this region. There are many biopharmaceutical and clinical research organizations companies, which are targeting Asian countries, such as China & India for drug discovery and development. The presence of less stringent regulations for antibodies development & production, vast genome pool, and developing healthcare infrastructure in this region are some of the major factors contributing to the growth of the sector in this region.

In 2017, the monoclonal antibody segment was the highest revenue-generating segment of the market, due to increasing investment in monoclonal antibody research and many antibody-based product launches. Thus, the growing adoption of these products is expected to be the key factor driving the Global Antibody Production Market.

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