By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Custom Antibody market accounted for USD 0.073 billion in 2022 and is projected to exhibit a significant CAGR growth over the study period. The North American region's dominance can be attributed to increased investments in the development of structure-based drug designs, expanded genomics and proteomics research, increased demand for high-quality research tools for data reproducibility, rising interest in the development of antibody-based therapeutics, and the presence of several international players in this region.
Also, the region has a vast number of clinical research organizations that are associated with the development of new therapeutic antibodies. These have accelerated progress in the biotechnology sector, increasing demand for high-throughput technology solutions in laboratory workflows. North America's market dominance is anticipated to remain unchallenged during the forecast period due to the region's rapid adoption of cutting-edge technological solutions, significant investments in R&D, and rising wages for highly qualified workers.
Further, the major countries studied in the market report are the U.S., Germany, Canada, the UK, Italy, France, Spain, China, Japan, Australia, India, South Korea, and Brazil.
Figure2: CUSTOM ANTIBODY MARKET SHARE BY REGION 2022 (%)
Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review
European custom antibody market accounts for the second-largest market share. Factors such as increased research expenses, technological advancement, a decline in human health, and the need for innovative and effective therapies all contribute to this region's growth. According to Capra Science, a European company specializing in custom antibody production, llama-derived nanobodies may have therapeutic applications in Parkinson's disease. As a result, increased R&D activities drive demand for custom antibodies and revenue growth in the European market.
Further, the German market of custom antibody held the largest market share, and the UK market of custom antibody was the fastest-growing market in the European region.
The Asia-Pacific Custom Antibody Market is projected to grow at the fastest CAGR between 2024 and 2032. This is primarily due to increased government and business investment, biotechnology research expansion, and awareness of personalized therapeutics. Due to economic developments, China and India receive more investments from international investors. Similarly, regional players are expanding their presence in the market for custom antibodies. Moreover, the China market of custom antibody held the largest market share, and the Indian market of custom antibody was the fastest-growing market in the Asia-Pacific region.