logo
logo
Sign in

Monoclonal Antibodies Market Insights, Research and Growth Factor till 2032

avatar
Ganesh Shinde
Monoclonal Antibodies Market Insights, Research and Growth Factor till 2032

The global market for monoclonal antibodies was valued at US$ 186 billion in 2021 and is expected to grow at a CAGR of 12% between 2022 and 2032. The rising prevalence of chronic diseases such as cancer, cardiovascular disease, and others is driving demand for biologics, which will drive the monoclonal antibodies (mAbs) market. Similarly, increasing applications of mAb therapies for targeted therapies, as well as rising patient and physician awareness of such therapies, are expected to contribute significantly to market growth.

Human mAbs efficiently modulate effector functions and are less immunogenic than chimeric or humanised mAbs. Using phage display and hybridoma technologies, these antibodies can be produced in transgenic mice. The production of fully human mAbs is expected to gain traction in the near future as a result of recent advances in genetic engineering technology. 

North America held the largest market share of 46.2% in 2021, owing to, among other things, a well-developed healthcare infrastructure, high patient awareness, and increased cancer research prospects. Furthermore, rising government spending on cancer research, as well as the presence of key players such as Pfizer Inc., Amgen, Inc., and Merck & Co., will drive market growth. Rising healthcare spending globally, increased patient awareness, and advanced hospital infrastructure availability in developed countries are all expected to contribute to the segment's dominance during the forecast period.

Competitive Landscape 

The market is expected to become more competitive in the near future as many companies focus their efforts on research and development of innovative diagnostic techniques through product line expansions, acquisitions, and mergers. Key players in the Monoclonal Antibodies market are Novartis AG; Pfizer Inc; GlaxoSmithKline plc; Amgen Inc.; Merck & Co., Inc.; Daiichi Sankyo Company, Limited; Abbott Laboratories; AstraZeneca plc; Eli Lilly And Company; Johnson & Johnson Services, Inc. and many more.

Key players covered in the report include:

  • Novartis AG
  • Pfizer Inc.
  • GlaxoSmithKline Plc.
  • Amgen Inc.
  • Merck & Co. Inc.
  • Daiichi Sankyo Company Limited
  • Abbott Laboratories

Read More@ https://www.futuremarketinsights.com/reports/monoclonal-antibodies-market

Key Segments Profiled in the Monoclonal Antibodies Market Industry Survey

Monoclonal Antibodies Market by Production Type:

  • In Vivo
  • In Vitro

Monoclonal Antibodies Market by Source Type:

  • Murine
  • Chimeric
  • Humanized
  • Human

Monoclonal Antibodies Market by End User:

  • Hospitals
  • Specialty Centers
  • Others

Monoclonal Antibodies Market by Application:

  • Oncology
  • Autoimmune Diseases
  • Infectious Diseases
  • Neurological Diseases
  • Others


collect
0
avatar
Ganesh Shinde
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more