Selbyville, Delaware. The Monoclonal Antibodies (mAbs) Market report upholds the future market predictions related to Monoclonal Antibodies (mAbs) market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Monoclonal Antibodies (mAbs) market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Monoclonal Antibodies (mAbs) market, the report also offers a full study of the future trends and developments of the market.
According to a new study the worldwide monoclonal antibodies market is anticipated to reach over USD 148.9 billion by 2026. 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. In terms of geography, North America accounted for the majority share in the global monoclonal antibodies market.
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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. The other factors that augment that market growth include the increasing the demand for personalized medicine and rising awareness among medical professional and patients about the latest medical therapies. 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.
Personalized medicine is being redefined by monoclonal antibodies that are the cutting-edge form of immunotherapy. The surge in the demand for personalized medicine plays a crucial role in boosting the monoclonal antibodies market by giving an impetus to the development of personalized drug targets as every patient responds differently to different treatment regimens. Moreover, other factors such as specificity, homogeneity and relatively fewer adverse events that entail usage of personalized medicine contribute to significant market growth.
Monoclonal antibodies constitute a major share of the pharmaceutical market with several monoclonal antibodies still in the pipeline. With over 30 monoclonal antibodies approved for use by regulatory authorities, many monoclonal antibodies are in the pipeline at the pre-clinical stage and various stages of clinical trials. Furthermore, availability of advanced technology for monoclonal antibodies production has egged on many other market players to develop their own pipelines. 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.
There has been an increase in the research and development activities in the field of monoclonal antibodies. Several biomedical and technological advances in genetic engineering and next generation genome sequencing have fuelled the growth of the monoclonal antibody market. Also, multiple new targets have been identified during preclinical research, which has led to the development and production of newer monoclonal antibodies by using various cytotechnological methodologies. In addition to this, favorable government initiatives to enable cost-effective production of monoclonal antibodies would give impetus to the monoclonal antibodies market growth. Also, pre-defined guidelines by regulatory bodies would ensure the safe, effective and high quality manufacturing of monoclonal antibodies Recently, the European Commission approved the first biosimilar mAb Celltrion’s Truxima (biosimilar rituximab), thereby boding well for its potential approval in the U.S.
Global Monoclonal Antibodies (mAbs) Market: Drivers and Restraints: This section of the Monoclonal Antibodies (mAbs) Market Analysis report we are covering various drivers and restraints that have affected the global Monoclonal Antibodies (mAbs) market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Monoclonal Antibodies (mAbs) market share, which consists of Monoclonal Antibodies (mAbs) industry environment, advancement market, product innovations, latest developments, and Monoclonal Antibodies (mAbs) market risks.
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The widespread and rapidly increasing prevalence of cancer and other chronic diseases have resulted in the soaring demand of biological medicines, thereby augmenting the growth 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. Also, high spending power of patients in developed countries, increasing disposable incomes in developing countries and better healthcare facilities further facilitate market growth. Going forward, increasing awareness about the latest medical therapies among medical professional and patients, and increasing utilization of monoclonal antibodies in treatment regimens is anticipated to propel the market growth.
Based on indication, the global monoclonal antibodies market is segmented in to cancer, inflammation, cardiovascular diseases, transplant rejection, respiratory and infectious diseases. The cancer segment is expected to lead the market during the forecast period owing to rapidly expanding patient pool, awareness about monoclonal antibodies among physicians and patients, improving medical facilities, high spending power in developed countries and increasing disposable incomes in developing countries.
The leading companies operating in this industry include Pfizer, Inc., GlaxoSmithKline PLC, Novartis AG, Merck & Co., Inc., Eli Lily & Co., AstraZeneca, Amgen, Inc., Abbott Laboratories, Thermo Fisher Scientific, Inc., Bistro-Myers Squibb. Mylan N.V., Daiichi Sankyo Company, Ltd., Bayer AG, Hoffmann-La Roche Ltd., and Novo Nordisk A/S. The market players have adopted various strategies such as novel product development, new product release, and venture capital investments among others to establish a foothold in the market and increase their customer base.
Some of the Highlights about Table of Content of Monoclonal Antibodies (mAbs) Market
1 Monoclonal Antibodies (mAbs) Market overview
- Market Introduction
- Research Objectives
- Years Considered
- Monoclonal Antibodies (mAbs) Market Research Methodology
- Economic Indicators
- Currency Considered
2 Executive Summary
- World Market Overview
- Global Monoclonal Antibodies (mAbs) Consumption analysis and forecast
- Monoclonal Antibodies (mAbs) Consumption CAGR by Region
3 Market Drivers, Challenges and Trends
- Monoclonal Antibodies (mAbs) Market Drivers and Impact
- Growing Demand from Key Regions
- Growing Demand from Key Applications and Potential Industries
- Market Challenges and Impact
- Monoclonal Antibodies (mAbs) Market Trends
4 Marketing, Distributors and Customer
- Sales Channel
- Direct Channels
- Indirect Channels
5 Key Players Analysis
- Company Details
- Main Business Overview
- Product Benchmarking
- Recent Developments and Technological Advancement in Monoclonal Antibodies (mAbs) Market
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