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Growth Accelerated by Increasing Investment in Monoclonal Antibody Therapeutics Market and Development

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 Growth Accelerated by Increasing Investment in Monoclonal Antibody Therapeutics Market and Development

Monoclonal antibodies are highly specific antibodies that are produced by identical immune cells which are clones of a unique parent cell. They recognize and bind to a specific antigen. Monoclonal antibody therapeutics are used for treating various diseases including cancer, cardiovascular diseases, and inflammatory conditions. The monoclonal antibody therapeutics have gained immense popularity owing to their high specificity and low toxicity. They provide targeted drug delivery and clearance of diseased cells without harming normal cells.


The global Monoclonal Antibody Therapeutics Market is estimated to be valued at US$ 72.59 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing investment in research and development activities related to monoclonal antibody therapeutics by key players is one of the major trends that is driving the growth of the market. According to the report by Coherent Market Insights, the global spending on biopharmaceutical R&D is expected to reach US$ 215-240 billion by 2024, indicating a significant scope for development of novel monoclonal antibody therapeutics. The rising funding from both public and private sectors is enabling researchers to develop better disease-targeting capabilities of monoclonal antibodies and novel combination therapies which would aid in lowering the healthcare burden globally. This, along with supportive regulations, is expected to boost the adoption of monoclonal antibody therapeutics, thereby propelling the market growth over the forecast period.

Segment Analysis

The global monoclonal antibody therapeutics market is segmented by source, treatment area, therapy, and end user. Among treatment areas, the oncology segment dominates the market owing to various monoclonal antibody drugs approved for the treatment of different types of cancers such as breast cancer, colon cancer, lung cancer, and blood cancer. The oncology segment accounts for around 40% revenue share of the total monoclonal antibody therapeutics market.

Key Takeaways

The global monoclonal antibody therapeutics market is expected to witness high growth over the forecast period of 2023 to 2030. Global Monoclonal Antibody Therapeutics Market Demand is estimated to be valued at US$ 72.59 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030.

Regional analysis

North America dominates the global monoclonal antibody therapeutics market and is expected to continue its dominance over the forecast period. Higher healthcare expenditure and presence of advanced healthcare infrastructure and key players in the region drive the growth of monoclonal antibody therapeutics market in North America.

Key players

Key players operating in the monoclonal antibody therapeutics market are IOI Loders Croklaan, Ghana Nuts Company Ltd., and The Savannah Fruits Company.


Get More Insights on this Topic- https://www.rapidwebwire.com/monoclonal-antibody-therapeutics-market-forecast-analysis-and-overview/  

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