PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1413758
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1413758
The global market for next-generation antibody therapeutics is on the brink of exponential growth, driven by their high efficiency and safety. Advancements in monoclonal antibody technology are contributing to the market's expansion, with biosimilar antibody products gaining traction. The ongoing investments in the healthcare sector, especially during the COVID-19 pandemic, are expected to propel the market in the coming years. Fairfield Market Research predicts robust revenue growth over the next five years, with North America, led by the developing market in the US, and the Asia Pacific, driven by booming economies like China and India, playing significant roles in the market's expansion.
However, challenges such as higher costs and stringent regulatory measures, including lengthy approval procedures, may hinder market growth by 2031.
The global next-generation antibody therapeutics market is segmented based on technology and application. The drug-antibody conjugates segment continues to dominate the market, while oncology remains the largest therapeutic application.
The global market for next-generation antibody therapeutics is divided into four primary regions: North America, Europe, Asia, and the rest of the world. North America stands out as the largest market, with a substantial value recorded in 2023. By the end of 2031, the North American market is expected to experience significant growth, with a notable Compound Annual Growth Rate (CAGR) and reaching a substantial value.
The global next-generation therapeutic antibodies market includes numerous pharmaceutical, biopharmaceutical, and biotechnology companies. Leading players are actively engaged in R&D and manufacturing. Prominent companies in the market include ImmunoGen, Inc., Bayer AG, Biogen, Xencor, Inc., F. Hoffmann-La Roche Ltd., Kyowa Hakko Kirin Co., Ltd., Dyax Corp., Amgen, Inc., and Seattle Genetics, Inc.