The Latin America Antibodies Market was worth $ 7.617 Billion in 2016 and estimated to reach $ 11.406 Billion by the end of 2021 with a growing potential of 8.41 %.
Antibodies (Ab’s) are proteins produced by differentiated B-Cells (Known as Plasma cells) that are used by the immune system to detect and neutralize pathogens such as Viruses and bacteria. Antibodies can be triggered by and directed at microorganisms, foreign proteins, or toxins. These antibodies are used as diagnostics as well as Therapeutic purposes for several indications of diseases, including but not limited to, rheumatoid arthritis, Crohn’s disease, macular degeneration, asthma, and hypercholesterolemia.
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Some of the major factors that are influencing the Latin America Antibodies market are rising rate of adoption to therapeutic antibodies in cost sensitive market, innovative products, growing chronic illnesses due to population shift and increasing longevity, quick approval for breakthrough therapies by regulatory authorities, and adoption of diagnostic antibodies. Side effects associated with antibodies treatment and increasing cost of treatment are the factors that are hampering the growth of the market.
Based on product type, the market is segmented into Monoclonal Antibodies, Polyclonal Antibodies, and Anti-body drug complexes. The monoclonal antibodies are further segmented into Murine, Chimeric, Humanized, and Human. The polyclonal antibodies are further categorized into Type I, Type II, Type III, Type IV, Type V, Type VI, Type VII, Type VIII. The Antibody-Drug Complexes are further segmented into Immunogen Technology, Seattle Genetics Technology, and Immunomedics Technology.
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Based on Indication, the market is segmented into Cancer, Auto immune diseases, Infectious diseases, cardiovascular diseases, and CNS disorders, others (Inflammatory, Microbial Diseases, & Other). Based on end users, the market is segmented into Hospitals/Clinics, Research institute, Diagnostics laboratories.
Based on Application, the market is segmented into Medical, Experimental. The Experimental segment is further categorized into Western blot, ELISA, Radioimmune Assays, immunofluorescence, others (Immunohistochemistry, Immunoprecipitation, & Immunocytochemistry). Based on Geography, the Latin America Antibodies market is analysed under various regions namely Brazil, Argentina and Mexico.
The key players that are influencing the Latin America Antibodies market are Abbott Diagnostics, Novartis AG, Pfizer Inc., ThermoFisher Scientific Inc., Eli Lilly and company, A.G. Scientific, Inc., Bristol-Myers Squibb, F. Hoffmann-La Roche Ltd., AbbVie Inc.
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