PUBLISHER: The Insight Partners | PRODUCT CODE: 1871505
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871505
The Europe custom antibody services market is projected to grow significantly, reaching approximately US$ 395.31 million by 2031, up from US$ 194.22 million in 2023, with a compound annual growth rate (CAGR) of 9.3% during the forecast period.
Executive Summary and Market Analysis
The custom antibody services market in Europe is on a steady upward trajectory, primarily driven by the rising demand for personalized medicine, advancements in oncology and neurology research, and the growth of the biotech and pharmaceutical industries. Key European nations, including Germany, the UK, and France, are at the forefront of this growth due to their robust research infrastructure and substantial funding support. The increasing emphasis on targeted therapies and the adoption of recombinant antibodies are also significant factors contributing to market expansion. Furthermore, collaborations between academic institutions and contract research organizations (CROs) are fostering innovation, while regulatory support and technological advancements bolster Europe's competitive edge in the global custom antibody services market.
Market Segmentation Analysis
The Europe custom antibody services market can be segmented based on product type, service type, application, disease indication, source, and end user:
Market Outlook
Emerging countries are increasingly launching research and development initiatives focused on genomics and proteomics, with Europe making notable progress in genomics research through various initiatives and funding programs. The 1+ Million Genomes (1+MG) initiative, initiated in 2018, aims to enhance access to genomic and health data across Europe, supported by a €20 million grant for the Genome of Europe project. The Horizon Europe program, along with its predecessor Horizon 2020, has funded numerous genomics projects, including QUANTOMICS, which focuses on livestock genomics. Additionally, the Marie Sklodowska-Curie Actions (MSCA) provides €6.6 billion in fellowships for interdisciplinary research, including genomics, while EU4Health, with a budget of €5.1 billion, supports healthcare initiatives related to genomics. The rise in government-backed research initiatives is expected to create lucrative opportunities for the custom antibody services market in the coming years.
Country Insights
The Europe custom antibody services market includes countries such as the UK, Germany, France, Italy, Spain, and others, with Germany holding the largest market share in 2023. The anticipated growth in Germany is attributed to the increasing prevalence of chronic diseases, particularly cancer, which is a leading cause of morbidity and mortality. According to the World Health Organization (WHO), Germany reported 628,519 new cancer cases and 252,065 deaths in 2020. The rising cancer incidence drives the demand for targeted therapies, where custom antibodies can play a crucial role in improving treatment efficacy and minimizing side effects.
For instance, in September 2023, AMSBIO provided a custom monoclonal antibody to researchers at the Technical University Dortmund to study the role of EDI3 in breast cancer development, demonstrating the practical applications of custom antibodies in research.
The presence of various market players in Germany, such as BioGenes GmbH, which offers a wide range of custom antibodies and services, further supports market growth. The company is involved in product innovation and development, providing antibodies targeting various proteins and small molecules.
Company Profiles
Key players in the custom antibody services market include Thermo Fisher Scientific Inc., Sino Biological Inc., GenScript Biotech Corporation, Biochain Incorporated, R&D Systems, Inc., and others. These companies are employing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to their customers.