According to SPER Market Research, the Global Monoclonal Antibodies Market is primarily driven by a rise in the incidence of cancer, a rise in the demand for less expensive biosimilar monoclonal antibodies, high demand for biologics, a rise in genomics R&D activities, and the introduction of genetic platforms that are at the cutting edge of technology, such as next-generation sequencing.
The market is also expected to grow as a result of an increase in research collaborations for the development of a potent drug pipeline, elevated patient and physician understanding of the benefits of monoclonal antibody (mAb) therapy, and an increase in the approval of blockbuster mAbs for a number of applications.
Monoclonal Antibodies Market Overview:
- Forecast CAGR (2022-2032): 11.33%
- Forecast Market Size (2032): USD 604.06 billion
Impact of COVID-19 on the Global Monoclonal Antibodies Market:
COVID-19, an unprecedented global public health issue, is anticipated to positively impact the market for monoclonal antibodies and the advancement of monoclonal antibody therapy. Realizing the urgent need for medications to be available on a global basis, multiple SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) neutralizing monoclonal antibodies were quickly developed (mAbs). As a result, the COVID-19 infection enhanced growth and opportunity for key monoclonal antibody players over the forecast period.
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Global Monoclonal Antibodies Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Autoimmune Diseases
- Inflammatory Diseases
- Infectious Diseases
By End User,
- Research Institutes
- Anti-Infective Monoclonal Antibodies
- Cardiovascular and Cerebrovascular
By Production Type,
- In Vivo
- In Vitro
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Monoclonal Antibodies Market Key Players:
The Global Monoclonal Antibodies Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; 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.
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Smith Williams, Business Consultant – USA