1. Monoclonal Antibody Therapy Market Size Worth USD 140 Billion By
2022
Monoclonal Antibody Therapy Market Players
AbbVie Inc., Biogen Inc., Amgen Inc., Bayer AG, F. Hoffmann-La Roche Ltd., Bristol–Myers
Squibb Company, GenScript, Johnson & Johnson, GlaxoSmithKline Plc., Merck KGaA, Pfizer
Inc., Sanofi, Novartis AG, and Sigma-Aldrich Co. LLC, among others are companies that are
studied by MRFR to get deeper understanding of their contributions to the upsurge of the
global antibody therapy market.
Monoclonal Antibody Therapy Market Segmentation
The segment assessment of the monoclonal antibody therapy market is based on source,
end-user, and application. The source-based segments of the monoclonal antibody therapy
market are recombinant, humanized, chimeric, and human among other. The application-
based segments of the monoclonal antibody therapy market are diagnostic test, cancer
treatment, analytical and chemical uses, autoimmune diseases, and hematological
disorders among others. The end user-based segments of the monoclonal antibody therapy
market are research laboratories, hospitals, and clinic others. The research laboratories
segment can rise at considerable pace.
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The widespread adoption for monoclonal antibody therapy for numerous diseases
including inflammatory diseases, cancer, and autoimmune diseases can support the market
rise. Advances in genetic engineering technologies can be identified as a potential growth
factor for the market. The rise in awareness about minimal adverse effects by monoclonal
antibody therapy over drugs and chemotherapy for cancer treatment can bolster market
growth. The growing drug pipeline, treatment approvals, and increase in clinical trials can
hold future growth opportunities for the market, which can cast positive impact on the
market in the years ahead.
Monoclonal Antibody Therapy Market Overview
Market Research Future (MRFR) studied the global monoclonal antibody therapy market
2020 for the study period till 2022. By 2022, the monoclonal antibody therapy market
value can touch about USD 140 Billion at decent CAGR. In present days, the monoclonal
antibody therapy market is observed to enjoy unprecedented success due to effective
clinical outcomes of cancer immunotherapy. The emergence of monoclonal antibodies
blockbuster drugs, such as; such as Remicade, Humira, Rituxan, Remicade, and Herceptin
among other therapeutic antibodies can add to the market rise in the near future.
Physicians are also observed to prescribe phage-displayed antibodies cancer treatment can
benefit the market. The growing popularity of monoclonal antibodies in clinical
2. development and for therapeutic applications can improve the market impetus. Cambridge
antibody technology, and generation sequencing are some reputed technologies used for
researching cancer cells to develop anticancer drugs.
Global healthcare leaders are investing in the upgradation of such technologies to support
novel drug formulations that can improve the market momentum. COVID-19 impacted the
global economy declaring massive slow-down of the IT spending and causing market
volatility due to falling business confidence. These are anticipated to challenge the market
in the years ahead.
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antibody-therapy-market-2089
Monoclonal Antibody Therapy Market Regional Analysis
The study of the monoclonal antibody therapy market spans across America, Asia-Pacific,
Europe, and Middle East & Africa. In Asia Pacific, as chronic diseases become prevalent,
causes, such as; introduction of solutions to compensate patient needs and the availability
of health reimbursement policies concerning therapeutic monoclonal antibody to treat
such diseases can bolster the regional market rise. North America monoclonal antibody
therapy can rise exponentially in the review period. The market growth in this region can
be attributed to the existence of robust healthcare infrastructure. Broad population base of
patient, effective reimbursement policies, increase in awareness regarding fatal diseases,
rise in government support in controlling and management of infection, surge in incidence
of lifestyle-induced diseases, and hike in R&D investment can favor expansion of the
market in the review period. In Europe, the market can witness high turnover in the near
future.
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