Global Research Antibodies Market Analysis Report 2022: A Lucrative Market has E… – Press Release

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Dublin, May 04, 2022 (GLOBE NEWSWIRE) — The “Global Research Antibodies Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.

The Research Antibodies market was valued at US$3.581 billion in 2020 and is expected to grow at a CAGR of 7.00% over the forecast period to reach a total market size of US$5.751 billion by 2027.

As of today, antibodies are among the most important tools for studying the function of proteins in cells. Neurodegenerative diseases such as Huntington’s disease, Multiple Sclerosis, and Parkinson’s are encouraging neurobiological research. As geriatrics grows and treatments become scarce, the demand for antibodies for research is also rising.

The strategies of developing personalized medicine, progressing therapeutics, and developing novel and effective therapies are being sought now more than ever before. According to the United Nations (UN) data of World Population Prospects for 2019, the world’s population will double within 30 years, from 7.7 billion to 9.7 billion, and at the same time, the world will age more rapidly. The number of people over the age of 65 will rise from one in 11 in 2019 to one in six by 2050 (16%), up from one in 11 at the beginning of this year (9%).

There are several factors that have influenced the research antibody market, including the growing interest in genomics, the development of higher-quality antibodies for research reproducibility, as well as an increase in R&D activities within the life sciences sector.

Powered by the increasing demand for tailored medicine and structure-based drug design, the global market for research antibodies is expected to grow rapidly over the next few years. One example is the USD 3.7 million National Institute of Health grant in 2019 to the Washington University School of Medicine for an open-source database that aims to boost cancer genomics and precision medicine.

Growth Factor:

An increase in research and development

A significant…

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