Newark, March 14, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 0.85 Billion Immunoprecipitation market will reach USD 1.52 Billion by 2033. Rising government initiatives towards cancer cases, increasing investments in R&D across countries and technological advancements in the field of Immunoprecipitation may fuel the growth of the Immunoprecipitation Market. Governments across various countries have taken active measures to spread awareness about treating cancer. For instance, the Indian government has started raising about treating cancer cases not only over offline media (boards, hoardings, In-store advertisements, In-mall activations) but also over online channels (Social media channels, TV, radio, and others).
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Immunoprecipitation Market Size by Type (Individual Protein Immunoprecipitation, Co-immunoprecipitation (Co-IP), Chromatin Immunoprecipitation (ChIP), RNA Immunoprecipitation (RIP) and Other Types), End User (Pharmaceutical and Biotechnology Industries, Contract Research Organizations (CROs), and Academic and Research Institutes), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033
North America emerged as the largest global Immunoprecipitation market, accounting for 54.6% of the total market. Owing to increasing investments and government funding in the field of biotechnology research coupled with increasing collaborations between the market players and rising awareness towards personalized medicine. Whereas Asia Pacific exhibits the highest growth rate in the market owing to the rapidly growing biotechnological and pharmaceutical industry.
The Chromatin Immunoprecipitation (ChIP) segment has dominated the market accounting for 42% of the total market.
Chromatin Immunoprecipitation (ChIP) has dominated the market accounting for 42% of the total market. Owing to rapid technological advances. For instance: Chromatrap technology helps the researchers to gauge and analyze multiple antibodies simultaneously. Which helps in analyzing accurate data and generating faster results. Whereas, Individual Protein Immunoprecipitation is expected to provide a lucrative growth rate in the future, owing to the technological breakthrough in the field of Immunoprecipitation Market.
The Academic and research institutes accounted for the largest share of the market share of 44.1% in 2023.
Academic and research institutes have dominated the Immunoprecipitation market. Thereby acquiring 44.1% in the year 2023. Owing to rising government funding and rapidly growing investments in R&D by different market players. Contract Research Organizations (CROs) happen to be the fastest-growing segment within the market. Owing to increasing collaborations, and growth in outsourcing research activities in the global market.
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Latest Development:
• In June 2023, Thermo Fisher Scientific introduced the Thermo Scientific Metrios 6 Scanning Transmission Electron Microscope ((S)TEM), a cutting-edge automated metrology solution. Engineered to boost productivity and ensure high-quality data, this product is particularly advantageous for the demanding requirements of high-volume semiconductor manufacturing.
• In March 2023, Through a strategic partnership, Thermo Fisher Scientific has joined forces with Arsenal Bio, aiming to propel the advancement of manufacturing processes for innovative cancer treatments. This collaboration is anticipated to not only enrich the company's product portfolio but also contribute to its market share growth
Market Dynamics
Drivers: Rapidly growing incidences of cancer, tumors, and other cardiovascular diseases
The rapid surge in the prevalence of cancer, tumors, and cardiovascular diseases is a significant driver fueling the growth of the Immunoprecipitation Market. According to the National Institute of Health (NIH), the incidence of cancer is projected to experience a substantial increase of 12.5% from 2020 to 2025. This escalating trend necessitates the extensive application of Immunoprecipitation in the treatment of cancer patients. Consequently, the rising number of cancer cases directly contributes to the expansion of the Immunoprecipitation Market.
Restraint: Increasing operation cost and the price to cure cancer
Tremendous involvement of operation cost to cure the tumor is one major restraint that may hamper the growth of the Solid Tumor Therapeutics Market. With higher prices involved with curing tumor cells, patients get limited access to high-quality treatment for cancer.
Opportunity: Rising government initiatives towards cancer cases
Governments across various countries have taken active measures to spread awareness about treating cancer. For instance, the Indian government has started raising about treating cancer cases not only over offline media (boards, hoardings, In-store advertisements, In-mall activations) but also over online channels (Social media channels, TV, radio, and others).
Challenge: Co-Immunoprecipitation Limiting Market Growth
Challenges associated with Co-Immunoprecipitation are limiting the growth of the Immunoprecipitation Market. Despite its potency, this technique faces constraints that hinder its broad adoption, impacting the expansion of the market. Overcoming these limitations and improving the efficiency of Co-Immunoprecipitation methods is essential to surmount obstacles and promote the overall growth of the Immunoprecipitation Market
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Some of the major players operating in the Immunoprecipitation market are:
• Air Liquide
• Thermo Fisher Scientific Inc
• Abcam Plc
• BioLegend
• Bio-Rad Laboratories
• Biologics International Corp
• Creative Proteomics
• GenScript Biotech Corporation
• Merck KGaA
• Novus Biologicals
• Takara Bio Inc
Key Segments cover in the market:
By Type:
• Individual Protein Immunoprecipitation
• Co-immunoprecipitation (Co-IP)
• Chromatin Immunoprecipitation (ChIP)
• RNA Immunoprecipitation (RIP)
• Other
By End-User:
• Pharmaceutical and Biotechnology Industries
• Contract Research Organizations (CROs)
• Academic and Research Institutes
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About the report:
The global Immunofluorescence Assay market is analysed based on value (USD trillion). All the segments have been analysed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes Porter's five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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