Asia Pacific Custom Antibody Services Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Asia Pacific custom antibody services market size is expected to reach US$ 167.86 million by 2031 from US$ 68.24 million in 2023. The market is estimated to record a CAGR of 11.9% from 2023 to 2031.

Executive Summary and Asia Pacific Custom Antibody Services Market Analysis:

Asia Pacific is the fastest-growing market for custom antibody services across the world. The Asia Pacific custom antibody services market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China, India, and Japan are three significant contributors to the market growth in this region, owing to the rise in geriatric population, increasing chronic and infectious disease prevalence, and burgeoning demand for advanced medical technologies. Additionally, the collaborative efforts of market players to offer more efficient custom antibody services, coupled with the rapidly growing pharmaceutical and biotechnology industries, support the growth of the custom antibody services market in Asia Pacific.

Asia Pacific Custom Antibody Services Market Strategic Insights

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Asia Pacific Custom Antibody Services Market Segmentation Analysis

Key segments that contributed to the derivation of the Asia Pacific custom antibody services market analysis are product type, service type, application, disease indication, source, and end user.

• Based on product type, the Asia Pacific custom antibody services market is segmented into monoclonal, polyclonal hybridoma, recombinant antibody, and others. The monoclonal held the largest share of the market in 2023.
• Based on service type, the Asia Pacific custom antibody services market is segmented into antibody discovery and development, antibody production services, and others. The antibody discovery and development held the largest share of the market in 2023.
• Based on application, the Asia Pacific custom antibody services market is segmented into immunohistochemistry, western blot & IP, ELISA, fluorescence-activated cell sorting, mass spectrometry, and others. The ELISA held the largest share of the market in 2023.
• Based on disease indication, the Asia Pacific custom antibody services market is segmented into oncology, infectious diseases, immunology, cardiovascular diseases, and others. The oncology held the largest share of the market in 2023.
• Based on source, the Asia Pacific custom antibody services market is segmented into chicken, rabbits, rats, guinea pigs, mouse or humanized mice, and others. The mouse or humanized mice held the largest share of the market in 2023. The mouse or humanized mice segment is further sub segmented into monoclonal antibody platform, BsAB discovery platform, bispecific ADC platform, TCR-mimic antibody platform, Anti-GPCR antibody technology platform, and others.
• Based on end user, the Asia Pacific custom antibody services market is segmented into life science industry, pharmaceutical & biotech companies, academic & research institutes, and contract research organizations. The life science industry held the largest share of the market in 2023.

Asia Pacific Custom Antibody Services Market Outlook

The Food and Drug Administration (FDA) approves biosimilar products and provides the scientific and regulatory advice needed to introduce safe and effective biosimilars to the market. The approval of biosimilar products can improve patient care by increasing the number of medication options at potentially lower costs.

A few recent approvals of biosimilar products are mentioned below:

Biosimilars can reduce treatment costs and improve patient access to biologic therapies. In recent years, a vast range of biosimilars have been approved by the FDA. According to ScienceDirect.com, biosimilars can retain costs and expand the availability of monoclonal antibodies. Thus, the rising approvals of biosimilars fuel the growth of the custom antibody services market.

Asia Pacific Custom Antibody Services Market Country Insights

Based on country, the Asia Pacific custom antibody services market comprises Japan, China, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest share in 2023.

China is home to various medical, pharmaceutical, and biotechnology companies operating across the world. It has over ~300 medical contract research organizations (CROs) along with prominent biopharmaceutical product manufacturers. CROs utilize custom antibody services to develop highly specific antibodies for research and drug development. Custom antibodies help CROs provide precise and effective solutions for customer's specific research needs. In 2020, Bio-Thera Solutions (a Chinese biotech company) received US$ 241 million in funding from investors, including the China Life Science Fund, to support the development of its monoclonal antibodies pipeline. These antibodies are widely utilized in various applications, including drug discovery, diagnostics, and therapeutics. In March 2024, Sino Biological, Inc., which provides biological research reagents and contract research services, formed a services partnership with Toronto-based Rapid Novor, Inc. Under the agreement terms, Sino Biological would market Rapid Novor's proprietary de novo REmAb monoclonal antibody sequencing service in combination with its custom monoclonal antibody development and production services. Thus, an upsurge in funding initiatives from governments and investors, and strategic efforts by companies hold potential growth opportunities for the custom antibody services market in China.

Asia Pacific Custom Antibody Services Market Report Highlights

Asia Pacific Custom Antibody Services Market Company Profiles

Some of the key players operating in the market include Thermo Fisher Scientific Inc; Sino Biological Inc.; GenScript Biotech Corporation; Biochain Incorporated; R&D Systems, Inc; Kaneka Eurogentec S.A.; Fortis Life Sciences; Precision Antibody (A&G Pharmaceutical, Inc.; Biocytogen Pharmaceuticals Beijing Co Ltd; Abgenex; Creative Biolabs Inc; Agilent Technologies Inc; Bioklone; and Scantibodies Laboratory, Inc. among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Asia Pacific Custom Antibody Services Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Asia Pacific Custom Antibody Services Market Country and Regional Insights