Immunochemicals are materials that largely find use in the analysis of molecular mechanisms and reactions, particularly for applications in life sciences, healthcare, and drug development solutions.
Growing demand for immunochemicals in healthcare diagnostics and genetics research is projected to drive expansion of the immunochemicals sector throughout the forecast period between 2020 and 2030. The covid-19 pandemic is likely to prove beneficial to market players.
Growing government investments into drug development, rising incidences of chronic ailments and strategic collaborations among academic bodies and market players are key factors that drive developments in the immunochemicals market.
Immunochemicals Market Insights by Type
In terms of type, immunochemicals can be classified into catalog antibodies and custom antibodies. Catalog antibodies account for leading market share through 2020. The large number of existing chronic ailments, and investments from healthcare bodies and research centers contribute to advancements in the sector.
On the other hand, short-term opportunities from the covid-19 crisis, and increased interest towards personalized healthcare and medicine are likely to drive development in the custom antibodies segment. Consequently, custom antibodies are expected to reflect a relatively higher growth rate through the projection period.
Immunochemicals Market Insights by Application
The global immunochemicals market is segmented into research for oncology, autoimmune diseases, infectious diseases, neurology, and metabolic diseases among others. Applications in infectious disease and oncology are expected to reflect strong growth during forecast period. This can be attributed to a larger number of patients, and the growing demand for targeted therapeutics.
Immunochemicals find use in drug development, genomics, and proteomics. Proteomic uses account for a major market share owing to applications in biomarker detection and cancer profiling in the industry.
Immunochemical market is driven by players in the biotechnology and pharmaceutical sectors. Academic and research bodies are also reflecting strong growth in demand. Pharmaceutical and biotechnology uses hold substantial market share, with uses in drug discovery endeavors.
Regional Outlook of Immunochemicals Market
In terms of regional markets, North America is a dominant region in the global immunochemicals sector. This can be largely attributed to greater awareness in the healthcare sector about the therapeutic uses of immunochemicals offerings in disease management practices in the United States and Canada.
Further, investments into research for life science studies and advances made in healthcare infrastructure is aiding growth of immunochemicals market in the region. The United States is the predominant market for immunochemicals for North America, with larger investments, as compared to Canada.
Europe is another major market for immunochemicals. France, Germany, and the United Kingdom hold significant market share in the immunochemicals industry, with research efforts into applications of genetics.
The immunochemicals market in Asia Pacific will reflect relatively higher growth rates in near future. This can be attributed to innovations in the biotechnology industry to cater to the increased demand for antibodies in terms of research efforts.
Also, recent policies of support from government bodies for biotechnology research & development and rise of China and India as key hubs for clinical research are bolstering the growth of the sector in the region. Improvements in terms of infrastructure and the low costs of labor are providing impetus through activities in the clinical research organization sector. This factor is boosting the demand for immunochemicals assays in the Asia Pacificregion.
For deeper information on the prospects of the regional markets for immunochemicals, ask an expert analyst
Immunochemicals Market Competitive Landscape
The immunochemicals market is largely fragmented in nature, owing to the presence of numerous regional scale players in the industry. Some of the more important participants in the market include Thermo Fisher Scientific Inc., Abcam Plc, Sigma Aldrich Corporation, Agilent Research Laboratories, Santa Cruz Biotechnology Inc., Beckman Coulter GmbH, Rockland Immunochemicals Inc., Bio-Rad Laboratories, Biolegend Inc., Perkin Elmer Inc, Cell Signaling Technology Inc., and GenScript Biotech Corp.
Key players in the market are pushing to bolster their market position through strategic industry and academic collaborations for the development and commercialization of offerings. Vertical value chain integration has been gaining importance among market participants, while leveraging short term opportunities during the covid-19 crisis.
In Sept 2020, GEI Delaware Technical Community College teamed up with Rockland Immunochemicals to launch its new offering CRISPR in a Box, including target DNA molecules, gene editing tools, cell free extracts, and more, which is primarily to be used in the education sector. The company is leveraging the covid-19 pandemic, with potential application of the product for remote learning practices.
The Wistar Institute a leading player in immunology, infectious disease, and cancer diagnostics has partnered with Rockland Immunochemicals have entered into a partnership to bolster product pipelines in terms of cutting-edge biomarker and biologics offerings.
Public Health Virology of Forensic and Scientific Services has joined hands with the University of Queensland. The objective of the collaboration has been to develop SARS CoV 2 viral proteins for improved accuracy in diagnostics for the covid-19 crisis.
Covid-19 Impact on Immunochemicals Market
The ongoing coronavirus pandemic is expected to be positively impacting the global immunochemicals market. Potential for applications in the detection of the virus through antibodies in serology and fecal testing are likely to contribute to demand and production of these materials through the crisis period.
Continued investments into the field of biotechnology will also contribute to market developments during this period. The industry is likely to continue building on the growth during the pandemic, with applications in diagnosis of other chronic ailments, in terms of long term market prospects.
The Analyst’s Viewpoint
“Improvements to antibody technology and increasing incidents of cancer are major influencers for the global immunochemicals market. Antibodies find use in diagnostics in terms of cancer-related proteins, recognizing candidate biomarkers, signaling genetic pathways, in addition to analysis of enzyme operations. These factors will influence the immunochemicals market for the foreseeable future.”
Global Immunochemicals Market: Scope of the Report
A recent report by Fact.MR on the global immunochemicals market provides a 10-year forecast between the period 2020 to 2030. The report encompasses critical drivers, restraints, opportunities, and threats towards the expansion of the global immunochemicals market. A comprehensive analysis of segments on the basis of type and region has been incorporated in the report.
Regional analysis on the basis of business execution, supply chain analysis, and market value provides detailed perspective on the scope of the global immunochemicals industry. A section on market structure has also been added. The section provides in-depth analysis of market players and strategies for the growth of the market.
A recent study by Fact.MR on the immunochemicals market offers a 10-year forecast for the period between 2020 and 2030. The study analyzes crucial trends that are currently influencing the growth of the immunochemicals market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and new players associated with the manufacturing of immunochemical products. The study also provides the dynamics that are responsible for influencing the status of the immunochemicals market over the forecast period.
A detailed assessment of immunochemicals value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the immunochemicals market along with their product portfolios enhances the reliability of this comprehensive research study.
Immunochemicals Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the Immunochemicals market across the globe.
A comprehensive estimate on the immunochemicals market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of immunochemicals during the forecast period. Price point comparison by region with global average price is also considered in the study.
Immunochemicals Market: Segmentation
Fact.MR has studied the immunochemicals market with detailed segmentation on the basis of by form and, end-use, and key region.
Key Questions Answered in Fact.MR’s Immunochemicals Market Report
- Which regions will continue to remain the most profitable regional markets for immunochemicals market players?
- Which factors will induce a change in the demand for immunochemicals during the assessment period?
- How will changing trends impact the immunochemicals market?
- How can market players capture the low-hanging opportunities in the immunochemicals market in developed regions?
- Which companies are leading the immunochemicals market?
- What are the winning strategies of stakeholders in the immunochemicals market to upscale their position in this landscape?
Immunochemicals Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the immunochemicals market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the immunochemicals market during the forecast period.
Country-specific valuation on demand for immunochemicals has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
Immunochemicals Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the immunochemicals 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 drawn conclusions.
Secondary resources referred to by analysts during the preparation of immunochemicals market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the immunochemicals market report as a primary resource.
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