PUBLISHER: Grand View Research | PRODUCT CODE: 1888547
PUBLISHER: Grand View Research | PRODUCT CODE: 1888547
The global antibody drug conjugates market size was estimated at USD 12.26 billion in 2024 and is projected to reach USD 32.11 billion by 2033, growing at a CAGR of 10.49% from 2025 to 2033. This growth is primarily driven by the increasing prevalence of cancer and the growing demand for targeted therapies that offer greater efficacy with reduced systemic toxicity.
The antibody-drug conjugates (ADC) market is experiencing significant growth, driven by advancements in targeted therapies, increasing clinical trials, and strategic investments by pharmaceutical companies. Ongoing research and development activities support this expansion, with ongoing advancements in targeted therapy and precision medicine increasing the appeal of ADCs as a preferred treatment option in oncology. The rising global incidence of various cancer types has created a demand for therapies that offer high efficacy with fewer adverse effects. ADCs address this need by delivering potent cytotoxic agents directly to cancer cells while sparing healthy tissues, thereby improving patient outcomes. The increasing number of clinical trials and regulatory approvals reflects the commitment of pharmaceutical companies to invest in this novel treatment class.
For instance, in June 2025, the U.S. approved Datroway (datopotamab deruxtecan), an ADC targeting the TROP 2 protein, for the treatment of advanced non-small cell lung cancer in adults who had previously undergone treatment. Additionally, in February 2025, the FDA approved Datroway for the treatment of unresectable or metastatic hormone receptor-positive, HER2-negative breast cancer in adults who had undergone prior endocrine-based therapy and chemotherapy. Similarly, in April 2025, GSK received UK regulatory approval for Blenrep, an ADC for the treatment of adults with multiple myeloma in combination with another medication after at least one prior therapy. These developments highlight the continued growth and validation of ADC therapies.
Global Antibody Drug Conjugates Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global antibody drug conjugates market report based on application, product, payload, technology, distribution channel, and region: