PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1159581
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1159581
Global Monoclonal Antibodies Market Overview:
According to SPER Market Research, the Global Monoclonal Antibodies Market is estimated to reach USD 604.06 billion by 2032 with a CAGR of 11.33%.
Monoclonal antibody (mAb) treatment is a type of immunotherapy that makes use of monoclonal antibodies to bind precisely to particular proteins or cells. The identical immune cells that make up monoclonal antibodies serve as copies of a distinct parental cell. These antibodies have monovalent affinity, which enables them to attach to a specific antigen when delivered. Due to their site-specificity, monoclonal antibodies are valuable tools for drug detection and purification and have significant applications in molecular biology, biochemistry, and medicine.
The market is primarily driven by an increase in the prevalence of cancer, an increase in the demand for biosimilar monoclonal antibodies that are less expensive, high demand for biologics, an increase in genomics R&D activities, and the introduction of technologically cutting-edge genetic platforms like next-generation sequencing. Additionally, a rise in research partnerships for the creation of a strong drug pipeline, increased patient and physician awareness of the uses of monoclonal antibody (mAb) therapy, and an increase in the approval of blockbuster mAbs for a number of applications all contribute to the market's expansion. The utilization of cutting-edge genetic engineering technology in the production of mAbs, the presence of well-developed healthcare infrastructure, government support for infection control & management, and an increase in the incidence of diseases linked to a sedentary lifestyle are additional factors driving market expansion. However, it is anticipated that low demand in developing nations may limit the market's expansion for monoclonal antibodies. On the other hand, throughout the projection period, growth possibilities in developing markets are anticipated to provide profitable potential.
The monoclonal antibody and pharmaceutical drug markets in the USA are governed by the Food and Drug Administration (FDA), a federal department of the US Department of Health and Human Services. The USFDA's regulatory support for the treatment of uncommon illnesses and rising product releases are anticipated to fuel the expansion of the monoclonal antibody therapeutics market.
Impact of COVID-19 on the Global Monoclonal Antibodies Market
The COVID-19 outbreak was deemed an international public health emergency by the World Health Organization (WHO) on January 30, 2020. A total of 210 nations throughout the world have been impacted by COVID-19. An unprecedented worldwide public health threat, COVID-19 is expected to have a favourable effect on the market for monoclonal antibodies and the development of monoclonal antibody treatment. The fast creation of several SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) neutralising monoclonal antibodies was driven by the realisation of the urgent need for medicines to be accessible on a worldwide scale (mAbs). Therefore, throughout the projection period, COVID-19 infection increased growth and possibilities for major players of monoclonal antibodies.
Scope of the Report:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Source, By Indication, By End User, By Application, By Production Type
Geographies covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered Abbott Laboratories, AbbVie, AbGenomics, ADC Therapeutics, Agensys, Alexion Pharmaceuticals, ALMAC Group, Ambrx, Amgen, Astellas Pharma, AstraZeneca plc, Bayer AG, Bristol-Myers Squibb, Celgene, Celldex Therapeutics, Daiichi Sankyo Company ltd., Eli Lilly, GenScript, GlaxoSmithKline Plc, Hoffman Roche Ltd, Johnson & Johnson, Merck & Co. Inc., Mylan N.V, Norvatis AG, Novo Nordisk A/S, Pfizer Inc, Sanofi, Seattle genetics, Shanghi Junsi bioscience ltd, Sigma-Aldrich Co. LLC, Teva pharmaceutical industries, Thermofischer Scientific.
Global Monoclonal Antibodies Market Segmentation:
By Source: Based on the Source, Global Monoclonal Antibodies Market is segmented as; Murine, Chimeric, Humanized and Human.
By Indication: Based on the Indication, Global Monoclonal Antibodies Market is segmented as; Cancer (Breast cancer, Colorectal cancer, Lung cancer, Ovarian cancer, Others), Autoimmune Diseases, Inflammatory Diseases, Infectious Diseases, Others.
By End User: Based on the End User, Global Monoclonal Antibodies Market is segmented as; Hospitals, Research Institutes, Others.
By Application: Based on the Application, Global Monoclonal Antibodies Market is segmented as; Anti-Cancer, Immunological, Anti-Infective Monoclonal Antibodies (MAbs), Neuropharmacological, Cardiovascular and Cerebrovascular, Others.
By Production Type: Based on the Production Type, Global Monoclonal Antibodies Market is segmented as; In Vivo and In Vitro.
By Region: The availability of a highly established healthcare infrastructure, strong patient awareness, and expanding opportunities for cancer research, among other reasons, contributed to North America having the greatest market share.