Antibody isotyping kits are used to determine the class of monoclonal antibodies and it is performed for better characterization of antibodies. Antibody isotyping kits falls under the category of immunoassay kits. Antibody isotyping kits used to detect and diagnose various infectious diseases like dengue, HIV, influenza, Ebola and hepatitis and it also gives information related to immune response after infection, vaccination and drug therapy. Increased prevalence of this disease is projected to create growth opportunities for antibody isotyping market in near future. Certain technological advances makes antibody isotyping kits more convenient and easy to use. In April 2019, Bio-Rad introduced isotype specific secondary antibodies in a global antibody isotyping market. This antibodies can improve positive signals by eliminating possibilities of false positive or negative results and it also having the less cross reactivity. Because of this, the competition between the other key players is significantly increased.
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Antibody Isotyping Kits Market: Drivers and Restraints
Increasing incidence of infectious disease and increased use of antibody isotyping in oncology are the factors which is propelling the growth of antibody isotyping kits market. As stated by the Centres for Disease Control and Prevention (CDC), globally 10 million cases of tuberculosis were registered and about 1.3 million deaths were caused by the same in 2017. Additionally, technological advancements by key players, increased sensitivity as well as cost effectiveness of antibody isotyping kits supplement the growth of antibody isotyping kits market.
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Furthermore, increased age makes person more prone to the infection hence, increased geriatric population act as a key factor to drive the growth of antibody isotyping kits market. Expanding biotechnology and pharmaceutical industries and increased academic research activity is anticipated to drive the antibody isotyping kits market in near future. However, low detection limit, complex regulatory framework for approval of new product and implementation of excise duty by US government on antibody isotyping kits are the measure threats in path of antibody isotyping kits market.
Antibody Isotyping Kits Market: Overview
The global market for Antibody Isotyping Kits is marked by presence of various small scale manufacturers but the market is dominated by major key players like Thermo Fisher Scientific and Roche diagnostics. The antibody isotyping kits market is competitive in nature because major key players implementing new strategies like partnerships, regional expansion to increase their revenue shares. ELISA antibody isotyping kits holding the largest share in market due to its increased popularity over the years because it is capable to detect various food allergies, viral infections such as HIV and influenza and increased prevalence of this diseases is expected to trigger the market during forecast period.
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Antibody Isotyping Kits Market: Regional Wise Outlook
Globally, Antibody Isotyping Kits market divided into following region- Latin America, North America, Europe, Asia-Pacific, Japan and Africa (MEA). North America accounted the largest share in a global market due to well-developed healthcare infrastructure, increasing use of immunoassay in clinical diagnostics and significant product penetration. Additionally high investment into research and development activities by key players, increased funds by government are some factors which is anticipated to drive the market during forecast period. Asia specific is also experiencing significant growth in forthcoming years due to increased healthcare spending in emerging economies like India, South Korea and china
The major key players involved in the market of Antibody Isotyping Kits include
Thermo Fisher Scientific, Bio-Rad, Becton, Dickinson & CompanyAbbott laboratories; Roche Diagnostics, Danaher Corporation, BioMérieux, Ortho Clinical, Siemens Healthineers, Sysmex Corporation, Quidel Corporation, Creative diagnostics and others.