Immunoprecipitation Market: Increasing Focus on Biomarker Discovery and Increasing Number of Life Sciences Research Activities
The growth of this market is majorly driven by the increasing research in the life sciences industry and the growing need to identify antigens associated with autoimmune diseases (through antigen-antibody interaction to understand disease mechanisms and develop relevant drugs targeting these diseases). The immunoprecipitation market is expected to grow from USD 560 million in 2018 to USD 750 million by 2024, at a CAGR of 5.0% during the forecast period . By product type, kits are expected to be the fastest-growing segment in the immunoprecipitation market during the forecast period. The kits segment is projected to grow at the highest CAGR between 2018 and 2024. Growth in this market can be attributed to factors such as the requirement for repeat purchase of kits, coupled with the increasing number of IP assays to isolate and purify antigens. By type, the Individual IP segment is growing at the highest rate. The individual IP segment is projected to grow at the h...