Research Antibodies Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology, Share and Forecasts 2020 - 2027
iCrowd Newswire
14 Jul 2021, 10:24 GMT+10
The global research antibodies market is projected to be worth USD 5,325.8 Million by 2027, according to a current analysis by Emergen Research. The market for research antibodies is witnessing a high demand due to its growing application in neurobiology, infectious diseases, oncology, stem cells, and immunology, among others. Increased investments in research in the field of stem cells is also a crucial growth factor of the Research Antibodies market.
Another factor driving the demand for the market is an increased incidence of neurodegenerative diseases such as Multiple Sclerosis, Huntington's disease, and Parkinson's. These diseases have a severe impact on human health, and the growing incidence is creating a need for effective therapies. The advancement in technology and the growing geriatric population is also having a positive impact on market growth. The rapid surge in the number of cancer patients all across the globe has also propelled their research activities. There are several public and private companies that have projects in pipelines to come up with effective therapy for the disease.