Monoclonal Antibodies (mAbs) Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, Size, Share, Trends, Growth Factors, Revenue By Application And Segment Forecasts To 2027.
Global Monoclonal Antibodies (mAbs) Market is expected to witness a significant CAGR during the forecast period. Monoclonal antibodies (mAbs) are identical by nature since a single type of immune cell is responsible for its production. With almost any substance, monoclonal antibodies could keep attached for any modification. Being an inseparable part of targeted therapy approach for several diseases, various receptors on the cell surface restrain essential functions that are responsible for cell death by various mechanisms. Commercially, many mAbs have helped in modification of autoimmune and chronic disease still date.
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The driving factors for monoclonal antibodies market comprise rise in demand for personalized medicine and advances in therapeutic antibodies. In addition, benefits pertaining to use of biologics are likely to stimulate the market development in the near future. By source, the monoclonal antibodies (mAbs) market segmentation includes humanized, chimeric, and murine. By indication, the market is segmented as infectious, inflammatory, vira disease, microbial, and cancer. End-use segmentation for monoclonal antibodies market includes academic institutes, diagnostic laboratories, and hospitals.
Geographical segmentation for monoclonal (mAbs) market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America accounts for a significant market share owing to rise in government initiatives and R&D activities. Rise in biopharmaceutical manufacturing for quality protein drugs also stimulates the market growth during the forecast period. Asia-Pacific regions have accounted for a greater market in the global scenario due to the presence of geriatric population and prevalence of chronic ailments in geriatric population.
Asia-Pacific regions are likely to grow at a higher rate due to rise in revenue generating drugs and huge availability of patient pool. In addition, rise in R&D activities contribute to the growth of APAC market. The prominent players in the monoclonal antibodies (mAbs) industry include AbbVie, Johnson &Johnson, F.Hoffman-La Roche, Amgen, BMS and Merck.
This research report offers a comprehensive analysis of key elements of the Monoclonal Antibodies (mAbs) Market such as potential top key Manufacturers along with their strengths and weaknesses. The Monoclonal Antibodies (mAbs) Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Monoclonal Antibodies (mAbs) market, various statistical tools were utilized to get an accurate result of the Demographic data.
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Global Monoclonal Antibodies (mAbs) Market is expected to grow at a CAGR of 7% to reach US$ 11.78 billion in 2024.
These are widely accepted biologics and are expected to present a billion-dollar opportunity to pharmaceutical manufacturers over the forecast period.
Global Monoclonal Antibodies (mAbs) Market is predicted to grow at a lucrative CAGR due to the presence of a strong product pipeline.
Government support in infection control & management, rising incidence of lifestyle-associated diseases, and the escalating population number are other crucial factors aiding the growth of this sector.
However, the availability of several in vitro methods is expected to hamper the adoption of in vivo production techniques in the coming years.
The associated benefits of employing in vitro methods for antibody generation, including time efficiency, economic viability, and large-scale production, are anticipated to fuel the segment growth over the forecast period.
In 2017, by indication, the cancer segment dominated the global market in terms of revenue; wherein fully-human monoclonal antibodies held a major share of the market.
The monoclonal antibodies (mAbs) market is mainly driven by an active pipeline, wherein many monoclonal antibodies are at the different stages of drug development.
In addition, increased in research and development, favorable government policies and rising prevalence of cancer and other chronic diseases supplement the market growth.
Moreover, emerging targets such as central nervous system disorders, price correction and new delivery strategies for monoclonal antibodies provide opportunities for market growth in the near future.
Also, in the last few years the patents of many monoclonal antibodies have expired thereby encouraging other pharmaceutical companies to undertake production of monoclonal antibodies.
Furthermore several other monoclonal antibodies used in treatment of deadly infections such as HIV/AIDS, Ebola and Zika viral disease are in various phases of clinical trials.
