Stringent regulations surrounding the production and storage of antibodies increases costs. Maintaining antibody effectiveness over longer shelf lives is difficult. The development of new antibody technologies requires large investments in R&D. Intellectual property issues around antibody development discourages innovation. Educating researchers on proper antibody selection and application takes significant resources. The market is also constrained by the limited number of validation studies supporting new antibody types.
Market Opportunities: Demand for antibodies in drug discovery & research
There has been huge demand for antibodies in drug discovery and disease research. Customized antibody services allow for targeting new disease areas. Outsourcing antibody manufacturing to specialized companies can boost efficiency. Adopting single-use technologies assists in avoiding contamination issues. Collaboration between industry and academia helps identify promising new applications.
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