Nanobodies, also known as single domain antibodies, are antibody fragments derived from camelid animals and sharks. They have found applications in diagnostics and treatment of various diseases due to their stability and affinity to bind tightly to antigens. Nanobodies can easily penetrate tissues and cells making them suitable for detection and elimination of pathogens and diseased cells. The global Nanobodies Market is estimated to be valued at US$ 1256.49 Bn in 2023 and is expected to exhibit a CAGR of 11. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increase in research funding for nanobody-based therapeutics and diagnostics by public as well as private organizations is expected to drive the nanobodies market growth over the forecast period. For instance, the Chan Zuckerberg Initiative and the Bill and Melinda Gates Foundation have provided funding to various startups and research institutes working on developing nanobody therapeutics against several infectious diseases. Additionally, academic-industrial partnerships for nanobody research offer lucrative growth opportunities.
Segment Analysis
The nanobodies market is dominated by the healthcare & therapeutics sub segment which holds around 60% of the market share. Nanobodies have emerged as an attractive therapeutic modality owing to their small size and enhanced tissue penetration capabilities. Nanobodies have demonstrated great potential in disease imaging and targeted drug delivery applications in the healthcare industry.

Key Takeaways

The Global Nanobodies Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 11% during this period and reach a size of US$ 1256.49 Bn by 2030 from US$ 782 Mn in 2023.

Regional analysis

North America currently dominates the nanobodies market and is expected to continue its dominance over the forecast period. This can be attributed to presence of major players and growing R&D investments for development of nanobody based therapeutics in the region. Asia Pacific is expected to be the fastest growing market owing to rising healthcare expenditure, increasing governmental initiatives for nanotechnology research and presence of large patient pool.

Key players

Key players operating in the nanobodies market are Siemens AG, Cisco Systems Inc., IBM Corporation, Schneider Electric SE, General Electric Company, Honeywell International Inc., Huawei Technologies Co. Ltd., ABB Ltd., Hitachi Ltd., Microsoft Corporation, Oracle Corporation, Johnson Controls International plc, Black & Veatch Holding Company, Bentley Systems, Incorporated, SAP SE. Siemens AG currently dominates the nanobodies market owing to its extensive portfolio of nanobody based therapeutics and imaging agents.

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