The size of the research antibodies and reagents market was USD 12 billion in 2023, powering at a rate of 6.7% by the end of this decade to touch USD 18.7 billion by 2030. The industry is powered by the growth of proteomics and genomics funding, increase in the requirement for superior reproducibility, and growth in R&D actions in the life-sciences sector.
The reagents category led the product segment with a share of about 60% in 2023, and it will be the larger contributor in the years to come. This is because of the development in the application of biosciences and biotech within the healthcare and pharma industries and the increase in pharma and biotech research for discovering new, more-efficient drugs.
Also, the media & sera subcategory had the largest share. This is powered by the numerous advantages of these chemicals, for example easier purification and downstream processing, and their use in all assays, cell cultures, and procedures.
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North America research antibodies and reagents market led the industry with a share of about 55%, in 2023, and it will grow at a robust rate in the years to come as well, credited to the substantial pharma and biotech R&D activities.
Also, the increasing vulnerability of the individuals to all kinds of ailments, existence of main healthcare businesses, and governments’ widespread support for the establishment of W R&D centers increase the industry.
Moreover, the rapid incorporation of newly advanced technologies and the growing occurrence of chronic ailments.
Also, the industry is expanding because of the growing investments for the expansion of structure-based drug designs, rising research in genomics and proteomics, and growing emphasis of stakeholders on biotech research projects.
It is because of the expansion of proteomics and genomics; the development of the research antibodies and reagents is on the rise. This trend will continue in the years to come as well.