(PharmaNewsWire.Com, January 16, 2017 ) According to the report North America Antibodies Market, published by Market Data Forecast, the market is projected to reach USD 82.177 Billion by 2021, at a CAGR of 12.45 % from 2016 to 2021.
Antibodies are proteins that are processed in response to specific antigens by plasma cells which are also called as immunoglobulin. These are used as diagnostics as well as therapeutic intensions for many indications of diseases. Effective harmonisation of product growth, approval and registration guidelines in some of the major markets, such as United States and European Union will rapidly speed up the research and development of antibody related products.
Continuous development of innovative products, inclined rate of adoption to the therapeutic antibodies in cost-sensitive markets, chronic illnesses is rising due to population shift and inclining longevity, swift approval by regulatory authorities for breakthrough therapies, and adoption of diagnostic antibodies. Cost of treatment has been increased and side effects collaborated with antibodies treatment can enhance the enlargement of the antibodies market.
Some of the major companies dominating the market are AM Biotechnologies, Aptagen, Aptamer Sciences Inc., Aptamer Solutions Ltd., Aptus Biotech S.L., Base Pair Biotechnologies Inc., NeoVentures Biotechnology Inc., SomaLogic Inc, TriLink BioTechnologies Inc., and Vivonics, Inc.
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