Antibody Testing Market Scope
Antibodies are immunoglobulins, which are Y-shaped proteins formed by the immune system to help protect the body from foreign invaders. An antibody test is a blood test that tests for the existence of antibodies. When the body battles an infection, such as COVID-19, or when patients undergo a vaccine, such as a flu shot, antibodies are formed. Which is how a virus's immunity is created. These tests are also known as serology tests. After the illness has passed, these checks are deployed to assess the incidence of disease in a population. Serology examinations include blood samples, which are obtained from a person's arm or a finger stick. Prevalence of Covid and SARS cases are major factors owing to growth in Antibody Testing market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Alere Inc. (United States), Hoffmann La Roche, Abbott Laboratories, Bio-Rad Laboratories Inc. (United States), ERBA Diagnostics Inc. (United States), Trinity Biotech plc (Ireland), Thermo Fisher Scientific Inc. (United States), Antibodies Inc. (United States), EUROIMMUN AG (Germany) and Immuno Concepts (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Antibody Testing market throughout the predicted period.
Alere Inc. (United States), Hoffmann La Roche, Abbott Laboratories, Bio-Rad Laboratories Inc. (United States), ERBA Diagnostics Inc. (United States), Trinity Biotech plc (Ireland), Thermo Fisher Scientific Inc. (United States), Antibodies Inc. (United States), EUROIMMUN AG (Germany) and Immuno Concepts (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Inova Diagnostics (United States), Zeus Scientific Inc. (United States) and Ortho Clinical Diagnostics (Unites States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Antibody Testing market by Type , by Application (Hospitals, Clinical Laboratories and Test Centers) and Region with country level break-up.
On the basis of geography, the market of Antibody Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 22nd June, 2020 - Abbott Reported Today That It Has Started Shipping Its Laboratory-Based Serology Blood Test for Detecting the Antibody Igg (Immunoglobulin G), The Supply Contract Includes Over A Million Test Kits for IgG Lab-Based Antibody Tests to India.
On 18th August, 2020 - Trinity Biotech (Leading Diagnostics Developer & Manufacturer), has obtained an Emergency Use Authorization (EUA) from the US Food and Drug Administration for its Covid-19 IgG ELISA Antibody Test.
United States, Food and Drug Administration “Information on the Use of Serological (Antibody) Tests” – Provides A Comprehensive List of Guidelines Which Restrict the Use of Serological (Antibody) Tests to Diagnose COVID-19; Instead, They Can Be Used to Determine If an Individual Has Been Exposed. and European Union, MDCG Regulation (EU) 2017/745 “Guidance on state of the art of COVID-19 rapid antibody tests” - Defines Certain Instruments Must Meet the Manufacturer's Specified Performance Requirements, Including Analytical Sensitivity, Diagnostic Precision, Analytical Specificity, Diagnostic Specificity, Precision, Repeatability, Reproducibility, Monitoring of Identified Related Interference, and Detection Limits.
Influencing Trend:
Technical Progress in Medical Industry and Heavy Investments in Research & Development
Market Growth Drivers:
Prevalence of SARS-CoV-2 Cases and Emergence of Advance and Effective Techniques
Challenges:
Sudden Demand Shocks Such as Due to Covid-19
Restraints:
Does Not Detect Virus
Opportunities:
Low Penetration in Remote Regions
Key Target Audience
Antibody Test Manufactures, New Entrants and Investors, Antibody Test Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others