The global Antibody Therapy Market is expected to reach US$ 727.78 Bn in 2032, with a favorable rate of 13.2% during the forecast period. The availability of a robust antibody therapy pipeline increases the company's chances of achieving higher market revenue.
As novel medicines and pharmaceuticals for treating diseases are licensed, the market for antibody therapy is growing. The increasing need for targeted pharmacological therapy and technological advancements are boosting the antibody therapy market.
FMI presents a comparative analysis of the market growth rates and development prospects in the global antibody therapy market. According to the Future Market Insights analysis, demand in the global organic spices market is expected to rise with a robust CAGR of 13.2% during the forecast years of 2022-2032.
Key Takeaways
- The worldwide antibodies market will be driven by rising cancer and other chronic disease prevalence, rising regulatory approvals and launch of medicines, and rising research partnerships to create a robust therapeutic pipeline.
- COVID-19 significantly influenced the global economy, affecting all nations by disrupting activities in every industry, regardless of size. The rising prevalence of COVID-19 patients influenced the healthcare industry.
- The antibody therapy industry has gained significant traction due to a surge in demand for COVID-19 therapeutic development.
- Strong market growth is projected due to government backing for the launch of new treatments. The rising frequency of cancer and other chronic diseases is one of the primary factors driving the global monoclonal antibodies market.
- Increasing regulatory approvals and the debut of new medicines are complementing market growth. The global cancer risk is rapidly increasing, and more secure clinical treatment is being sought over traditional methods.
- The North American antibody therapy market maintained a 49.1% share in 2021. As a result of the rising need for targeted medications in the region.
Competitive Landscape
Bristol-Myers Squibb, GlaxoSmithKline plc, Takeda Pharmaceuticals, Eli Lilly and Company, Merck & Co, Inc., Seagen, Johnson & Johnson, Novartis AG, Regeneron Pharmaceuticals, and F. Hoffmann-La Roche Ltd. are some of the key companies profiled in the full version of the report.
Key players who have exited the market are implementing cost-cutting measures. In the coming years, antibody therapy is projected to become more affordable and accessible. In addition, the comprehensive research projects will result in new monoclonal antibody therapy product introductions. Antibodies have a robust therapeutic pipeline, resulting in a rapid growth rate.
Key Segments Covered in Antibody Therapy Industry Research
By Type:
- Monoclonal Antibodies
- Oncology, Autoimmune Disease
- Infectious Disease
- Other
- Antibody Drug Conjugates
By End User:
- Hospitals
- Speciality Centers
- Others
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Monoclonal Antibody Therapy Market AnalysisMonoclonal antibodies are laboratory-produced antibodies that are whose purpose is to serve as the substitute of natural antibodies that can enhance or repeat the immune system's attack on harmful cells.
Market Research Future (MRFR) has published and released a research report about the global monoclonal antibody therapy market that estimates boost for this Monoclonal Antibody Therapy Market Size at 10.5% CAGR (Compound Average Growth Rate) between 2016 and 2022.
In terms of market value, the worth of global monoclonal antibody therapy market has been estimated to be the US $ 140 bn by the end of the forecast period.Analyzing the market structure, this report offers insights about factors affecting the market growth.
Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include mergers and acquisitions, joint ventures, new product developments, research and developments (R), and strategic alliances.The major factors strengthening the growth of the global monoclonal antibody therapy market are rising health awareness, an unhealthy lifestyle lowering the immunity of consumers and increasing spending on healthcare.The global monoclonal antibody therapy market has been segmented on the basis of application, end user, source, and lastly, region.
The application-based segmentation segments this market into analytical & chemical uses, autoimmune diseases, cancer treatment, diagnostic test, hematological disorders, and others.
Regarding source, the market has been segmented into chimeric, human, humanized, recombinant, and other.The regional segmentation of the global blood glucose test strip market segments the global market into regional markets known as The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa.
