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The global neuroscience antibodies and assays market size is estimated to grow by USD 2.20 billion at a CAGR of 9.64% between 2023 and 2028. Recombinant-based engineering is one of the major technological advances in antibody manufacturing techniques. The manufacturing process of recombinant antibodies is chemically defined, giving high purity and ultralow batch-to-batch variability. In comparison with conventional antibodies, recombinant antibodies have several advantages, such as improved tissue penetration, broader biodistribution, and smaller size. Further, automated immunoassay systems have significantly helped to reduce time, labor, and human errors and improve the efficiency of the immunoassay workflow by automating several key steps, such as wash steps, detection and data management, reagent additions, and incubations. Technological advances in microplate readers are increasing the speed and sensitivity of assays and reducing the risk of wasting expensive reagents, samples, and time. Therefore, technological advances in antibody manufacturing will enhance the growth of the neuroscience antibodies and assays market during the forecast period.
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The market share growth by the consumables segment will be significant during the forecast period. A wide range of antibodies, assay kits, and reagents are used in neuroscience assays to discover new disease targets, provide high-throughput screening of clinical compounds, understand the mechanism of action, and develop clinically relevant biomarkers.
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The consumables segment was the largest and was valued at USD 1.86 billion in 2018. The demand for neuroscience antibodies, antigens, assay kits, and reagents has significantly increased due to the discovery of new potential drug targets, signaling molecules, and structural proteins in the brain. Furthermore, the growing significance of neuroscience processes and neuronal diseases research, and the wide availability of antibodies, assay kits, and reagents will drive the growth of the consumables segment and propel the global neuroscience antibodies and assays market during the forecast period.
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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The neuroscience antibodies and assays market in North America is expected to increase during the forecast period. North America, particularly the US and Canada, boasts world-class research institutions, universities, and medical centers. The region has a growing prevalence of neurological disorders, including Alzheimer's disease, Parkinson's disease, and neuropsychiatric conditions. The rising incidence of these disorders drives the need for research tools, diagnostics, and potential therapeutic interventions. The increasing demand for the diagnosis of neurological disorders has boosted the demand for neuroscience antibodies and assays. For instance, there is a growing societal awareness of mental health issues in North America. This awareness drives research into the neurological basis of mental health conditions and increases the demand for tools for biomarker discovery and diagnostic development.
For instance, according to the National Institutes of Health, Alzheimer's disease affects an estimated 6.5 million Americans aged 65 and up now. This figure could rise to 13.8 million by 2060 if no medical breakthroughs are made to prevent, halt, or cure Alzheimer's disease. Thus, the high prevalence of neurological disorders, the growing aging population, high healthcare expenditure on treating neurological diseases, and favorable reimbursement policies for neuro-diagnostic procedures are expected to drive the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Abcam plc - The company offers neuroscience antibodies and assays that include anti Ki67 antibodies, anti-vimentin antibodies, anti-beta catenin antibodies, and anti-BrdU antibodies.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Increasing initiatives and support from governments and healthcare organizations are notably driving the market growth. Governments and healthcare organizations are taking various initiatives to improve access to healthcare for patients with neurological disorders. For instance, the World Health Organization (WHO) is working with its partners and stakeholders to improve access to care for individuals with epilepsy. Furthermore, the National Institute of Neurological Disorders and Stroke (NINDS), a component of NIH, aims to reduce the burden of neurological diseases through research and by improving treatments and preventive measures.
Similarly, Brain Awareness Week, organized by the Dana Alliance for Brain Initiative, is a global campaign that aims to advance public awareness about the progress and benefits of brain research. However, public spending on neurological diseases has also increased, which, in turn, is expected to promote the growth of the market during the forecast period.
Increasing clinical trials is an emerging trend shaping the market growth. The globalization of clinical trials has consistently expanded over the past two decades, which has been credited to numerous components, including organized trials, voluntary members, accessibility of qualified local investigators, improved infrastructure facilities, and the low expense of clinical trials in developing nations. The potential clinical advantages for disease-specific biomarkers incorporate faster and more accurate disease analysis and potential diminishing in sample size and time of clinical trials, which will accelerate drug development. The use of biomarkers in the clinical field of neurological disorders is expected to figure out whether a medication achieves its proposed target or changes the course of the disease.
Moreover, both the US FDA and the European Medicines Agency (EMA) perceive the role of biomarkers in the medication improvement process, which has led to the formation of an ethical committee between the developed and emerging countries to provide standard, effective, and consistent ethical guidance. This avoids the exploitation of participants in clinical trials with the help of the US FDA monitoring for low-cost and effective clinical trials in developing countries. Thus, the increase in clinical trials will drive the growth of the market during the forecast period.
The high development cost of neuroscience antibodies is a significant challenge hindering the market growth during the forecast period. The development cost of neuroscience antibodies is significantly high. Unlike therapeutic antibodies, which can generate billions of USD in revenue, research antibodies sometimes do not even compensate for their development costs, which are in the range of only thousands of USD. Development costs are significantly different depending on the type of antibody generated. Several companies find it challenging to generate significant annual sales for their research antibodies. Several monoclonal antibodies do not reach the break-even point for a research application. Hence, most commercial research antibodies are still polyclonal ones, which cost significantly less in development.
Furthermore, due to the high development cost, manufacturers of neuroscience antibodies forego exhaustive in-depth quality control of the research antibodies. Such products can lead to unfounded conclusions, waste of research efforts, and faulty research publications that need to be retracted, which will impede the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Neuroscience Antibodies and Assays Market Customer Landscape
The neuroscience antibodies and assays market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.64% |
Market Growth 2024-2028 |
USD 2.20 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.13 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 46% |
Key countries |
US, Germany, UK, France, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abcam plc, Abnova Corp., Bio Rad Laboratories Inc., Biosensis Pty Ltd., BMG LABTECH GmbH, Cell Signaling Technology Inc., Chemie Brunschwig AG, Elabscience Biotechnology Inc., Enzo Biochem Inc., F. Hoffmann La Roche Ltd., Fujirebio Holdings Inc., GenScript Biotech Corp., Kaneka Corp., Merck KGaA, NSJ Bioreagents, PerkinElmer Inc., Proteintech Group Inc., Rockland Immunochemicals Inc., Santa Cruz Biotechnology Inc., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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