Antibody Discovery Market Analysis 2018-2023 and Outlook 2024-2033 Featuring Danaher, Eurofins Scientific, Sartorius, Charles River Labs, and Bruker [Yahoo! Finance]
Danaher Corporation (DHR)
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Source: Yahoo! Finance
The global antibody discovery market has grown rapidly in recent years. It will grow from $8.09 billion in 2023 to $8.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth observed in the historical period can be attributed to factors such as a surge in investment for drug discovery, increased funding for research and development activities, and the presence of various healthcare research centers and academic institutions. The antibody discovery market size is expected to see rapid growth in the next few years. It will grow to $13.21 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for antibody drug discovery services and platforms, a surge in funding for the development of novel technologies, a growing demand for precision therapeutics, and the broadening utilization of antibodies beyond their conventional therapeutic roles.
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