Antibody Testing Market Size is Estimated to grow at a CAGR of 12.1% during the forecast period


Posted February 22, 2024 by Jameslin

Antibody testing market was assessed to be worth USD 198.2 billion globally, and a 12.1% compound annual growth rate is anticipated for the forecast period.

 
Antibody testing market was assessed to be worth USD 198.2 billion globally, and a 12.1% compound annual growth rate is anticipated for the forecast period. The immune system contains antibodies to defend against foreign invaders. A blood test for antibodies is known as an antibody test. It is used to diagnose diseases, track the effectiveness of treatments, and evaluate immune status. It entails a variety of diagnostic techniques to identify particular antibodies in the body.

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Impact of Covid-19
The market for antibody testing was greatly affected by COVID-19, which in turn caused a spike in the need for serology tests to detect prior infections. Antibody testing are desperately needed in order to evaluate population immunity and comprehend the virus's dissemination, as a result of the pandemic. Increased market research, development, and manufacturing of these tests impacted technical breakthroughs and novel approaches to diagnosis.
Growth Drivers
Antibody tests are in high demand due to an increase in infectious illness cases and the necessity for rapid and precise diagnostic methods. The market is growing because of the constant innovation in point-of-care testing techniques, automation, and assay development that improves the sensitivity, speed, and accuracy of antibody tests. The COVID-19 pandemic spurred study, and the need for antibody testing increased as chronic illnesses like cancer and autoimmune diseases became more common.
The market is expanding dramatically due to the rising need for antibodies in the treatment of cancer and autoimmune diseases. The need for antibodies is expected to increase as the number of viral infections rises. According to data from the National Stem Cell Foundation, 4% of people worldwide suffer from an autoimmune disease. Rheumatoid arthritis and diabetes are the two most prevalent auto-immune illnesses.
Segmentation
Product Based
· Kits
· Chemical and Reagents
· Consumables
Based on Indication
· Pregnancy
· Infectious Disease
· Oncology
· Cardio-vascular disease
· Oncology
· Endocrine disease
· Autoimmune Diseases
· Other Disease
Based on End User
· Hospitals
· Academics and Research Institute
· Diagnostic laboratories
· Biopharmaceuticals company
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Middle East and Africa
· Europe
Key Players
· Thermo Fisher Scientific
· Abbott Laboratories
· Bio-Rad Laboratories INC
· Beckton Dickinson and Company
· Agilent Technologies
· Diasorin
· Abcam
· Trinity Biotech
· Zeus Scienctific
· Other Players

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Issued By James
Country United States
Categories Health , Manufacturing , Medical
Tags antibody testing market , antibody testing market size , antibody testing market share , antibody testing market news
Last Updated February 22, 2024