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(Medical-NewsWire.com, April 15, 2021 ) According to research report the Neuroscience Antibodies Market is expected to reach USD 4.18 Billion by 2023 from USD 2.57 Billion in 2018, at a CAGR of 10.2%.
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Growth in this market is driven by the increasing investments in neuroscience research, rising incidence of neurological diseases and growth in the pharmaceutical and biotechnology industries.
The Neuroscience Antibodies Market is fragmented, with the presence of several large as well as emerging players. In 2017, Thermo Fisher Scientific (US), Abcam (UK), Bio-Rad (US), and Merck KGaA (Germany) were the leading players in the neuroscience antibodies and assays market. Other major players include BioLegend (US), Cell Signaling Technology (US), F. Hoffmann-La Roche (Switzerland), GenScript (China), Rockland Immunochemicals (US), Santa Cruz Biotechnology (US), Siemens (Germany), and Tecan (Switzerland).
Based on technology, the neuroscience antibodies and assays market is segmented into immunoassays/immunochemistry, molecular diagnostics, clinical chemistry, and other technologies. In 2018, immunoassays/immunochemistry segment is expected to account for the largest share of the neuroscience antibodies and assays market. The large share of this segment is attributed to the development of novel antibodies and assays for immunoassay techniques, technological developments in immunoassays, and rising government initiatives in the genomics and proteomics research sector.
Based on application, the neuroscience antibodies and assays market is segmented into research, drug discovery and development, and in vitro diagnostics. The in vitro diagnostics applications segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing incidence and prevalence of neurological diseases across the globe, especially in developing countries.
Based on product, the Neuroscience Antibodies Market is segmented into consumables and instruments. The consumables segment is expected to account for the largest market share in 2018 and is projected to register the highest CAGR during the forecast period. The consistent usage of consumables and their frequent purchases, and rising government initiatives in the genomics and proteomics research sector are the major factors supporting the growth of the consumables segment.
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In 2018, North America is expected to dominate the Neuroscience Antibodies Market followed by Europe. The increasing investments for the development of structure-based drug designs, rising demand for high-quality research tools for data reproducibility, and the focus of stakeholders on research projects involving proteins, growing research in the field of genomics and proteomics, associated biomolecules, and genes are the key factors driving the growth of the market in North America.
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