Procalcitonin Antibody Market Is Growing Exponentially In Order To Gain More Demand By 2026

Procalcitonin Antibody Market Expansion to be
Persistent During 2026
Procalcitonin Antibody Market, By Antibody Type (Polyclonal
Procalcitonin Antibody and Monoclonal Procalcitonin Antibody), By
End User (Hospitals, Research Institutes, and Others), and By
Geography (North America, Latin America, Europe, Asia Pacific, Middle
East, and Africa) – Size, Share, Outlook, and Opportunity Analysis,
2018 - 2026
Coherent Market Insights added Latest Research Report titled " Procalcitonin Antibody Market, By
Antibody Type (Polyclonal Procalcitonin Antibody and Monoclonal Procalcitonin Antibody), By End
User (Hospitals, Research Institutes, and Others), and By Geography (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018
- 2026 " to its Large Report database.
Procalcitonin (PCT) is a peptide precursor of the hormone calcitonin, and belongs to calcitonin (CT)
superfamily of peptides. Procalcitonin is a 116 amino acid peptide that has an estimated molecular
weight of 14.5 kDa. It can be segregated into three parts, namely immature calcitonin, calcitonin
carboxyl-terminus peptide-1, and amino terminus of the PCT region. Procalcitonin was first classified
by Bernard Roos and Leonard J. Deftos in the early 1970s. Procalcitonin is produced by C cells of the
thyroid and by endocrine cells of the lung.
Procalcitonin Antibody Market Dynamics
Procalcitonin variance in healthy individuals and microbial infected individuals has led to the use of
PCT as a marker to develop antibiotic therapy and improve identification of bacterial infections.
Increasing prevalence of various chronic diseases such as hepatitis, sepsis, tuberculosis, and HIV is
expected to propel growth of the procalcitonin antibody market. For instance, according to the World
Health Organization (WHO) fact sheet of 2018, cancer was responsible for 8.8 million deaths in 2015
globally. Moreover, according to the World Health Organization report of 2017, around 1.0 million
deaths occurred due to HIV related illnesses worldwide. Furthermore, WHO 2017, fact sheet revealed
that 71 million people were having chronic hepatitis C infection.
Approximately 399,000 people die each year from hepatitis C, mostly from cirrhosis and hepatocellular
carcinoma. These incidences have led to the adoption of new techniques and procedures by research
institutes and hospitals for quick diagnosis of the diseases, so that it can be treated within the earliest
time frame. Moreover, increasing funding for research and development by commercial market players
and government agencies for the development of efficient, safer, and innovative products for the
treatment of diseases such as cancer is fueling growth of the procalcitonin antibody market. For
instance, in 2018, the U.S government approved US$ 3 billion funds for the National Institutes of
Health research and development activities.
Procalcitonin Antibody Market Taxonomy
On the basis of antibody type, the global procalcitonin antibody market is segmented into:
•Polyclonal Procalcitonin Antibody
•Monoclonal Procalcitonin Antibody
On the basis of end user, the global procalcitonin antibody market is segmented into:
•Hospitals
•Research Institutes
•Others
Procalcitonin Antibody Market – Competitive Landscape
Key market players operating in the global procalcitonin antibody market include bioMerieux, HyTest,
Roche Diagnostics, Snibe, Thermo Fisher Scientific, Vazyme Biotech, Hotgen Biotech, Getein Biotech,
and Hangzhou Realy Tech Co., Ltd. Market players are involved in developing technologies, new
product launches, mergers, and collaborations with major companies, in order to retain dominance in
the global market.
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Procalcitonin Antibody Market – Regional Insights
On the basis of region, the global procalcitonin antibody market is segmented into North America,
Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is estimated to account
for the largest share in the global procalcitonin antibody market, owing to increasing adoption of new
techniques in research, and huge national healthcare spending. For instance, according to the U.S
Centers for Medicare & Medicaid Services, national healthcare spending is projected to grow at an
average rate of 5.5% per year from 2017 to 2026 and will reach around US$ 5.7 trillion by 2026.
Asia Pacific is expected to exhibit significant growth in the procalcitonin antibody market, followed by
Europe, owing to increasing healthcare researches and rising geriatric population vulnerable to sepsis
disease. According to the Center for Strategic and International Studies, in 2015, 9.5% of the
population in China was 65 years or older and as per the United Nations, it is projected to reach to
27.5% by 2050.
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Procalcitonin (PCT) is a peptide precursor of the hormone calcitonin, and belongs to calcitonin (CT) superfamily of peptides. Procalcitonin is a 116 amino acid peptide that has an estimated molecular weight of 14.5 kDa. It can be segregated into three parts, namely immature calcitonin, calcitonin carboxyl-terminus peptide-1, and amino terminus of the PCT region. Procalcitonin was first classified by Bernard Roos and Leonard J.