The Global Monoclonal Antibody Therapy Market is growing continuously and expected to reach USD ~140 Billion by the end of 2022. Monoclonal Antibody Therapy Market Expected to Grow at CAGR 10.5% by 2022
Segments
The global monoclonal antibody therapy market has been segmented on the basis of application, end user, source, and lastly, region. The application-based segmentation segments this market into analytical & chemical uses, autoimmune diseases, cancer treatment, diagnostic test, hematological disorders, and others. Based on the end user, the market has been segmented into clinics, hospitals, research laboratories, and others. Regarding source, the market has been segmented into chimeric, human, humanized, recombinant, and other.
Market Drivers
The Global Monoclonal Antibody Therapy Market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. Antibodies are an important part of the immune system. Generally, our body creates antibodies in response to an antigen entering the body. These antibodies attach to the antigen in order to mark it as harmful which is then destroyed by the body’s immune system. Monoclonal Antibodies are the antibodies produced in the laboratory which can mimic the function of a normal antibody to attack the antigen.
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However, monoclonal antibodies are engineered in such a way that they identify and attach to the mono-specific targeted antigen on the surface of the cancer cell or any other foreign cell. It is often referred to as a targeted immunotherapy. Monoclonal antibodies identify and destroy the tumor cells without causing any harm to the normal healthy cells of the body. The major application of the monoclonal antibody therapy is the treatment of the cancer. Having said that, Monoclonal antibody therapy can only be done for the cancers in which the antigens have been identified so far. Some of the common monoclonal antibodies are Alemtuzumab, Rituximab, Trastuzumab, Gemtuzumab ozogamicin, Ibritumomab Tioxetan.
Key Players
Market Research Future (MRFR) recognizes the following companies as the key players in Monoclonal Antibody Therapy Market: There are plenty of large and small market players which operate in this market all over the globe.
The key players in the global monoclonal antibody therapy market include AbbVie Inc. (USA), Amgen Inc. (USA), Bayer AG (Germany), Biogen Inc. (USA), Bristol – Myers Squibb Company (USA), F. Hoffmann-La Roche Ltd. (Switzerland), GenScript (USA), GlaxoSmithKline PLC (UK), Johnson & Johnson (UK), Merck KGaA (Germany), Novartis AG (Switzerland), Pfizer Inc. (USA), Sanofi (France), and Sigma-Aldrich Co. LLC (USA).
Latest Industry News
- Tychan has successfully conducted the Phase 1 trial of TY014, a first-in-class monoclonal antibody candidate treatment for Yellow Fever (YF). 13 DEC 2018
- The meta-analysis of 10 randomized controlled trials has confirmed that human monoclonal antibody denosumab can more effectively increase the bone mass in patients with low bone mineral density or osteoporosis. This is something that any other bisphosphonate therapy cannot do. 13 DEC 2018
Regional Analysis
The regional segmentation of the global blood glucose test strip market segments the global market into regional markets known as The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa. North America is the largest regional market. In this region, the market is growing due to the presence of major manufacturers, technological advancement, and heavy research and development (R&D) with regards to the medical sector. The topmost country-specific markets in this region are USA and Canada. Many key market players are based in this region, especially in the USA. In South America, the market is smaller than North America as this region has less advanced medical facilities. The two strongest economies that can become suitable markets are Argentina and Brazil.
Europe is the second largest regional market, and it is expected to grow during the forecast period. The factors backing the growth of this market include a high density of population, established healthcare sector, high level of technological advancement that is second only to North America, and presence of many key market players. The main country-specific markets in this region are the strongest economies known as France, Germany, and the UK, followed by the remaining countries of Europe.
The Asia Pacific is another significant market as healthcare sector is developing in countries like China and India. Advanced medical facilities and rapid technological advancement are available in Japan. The rural market in countries like China and India is still untapped which due to the high density of population can be a lucrative market once tapped into. Many key market players are based in this region too. During the forecast period, the Asia Pacific region is likely to emerge as the fastest growing regional market.
The MEA region has the least market share due to poor countries, lack of awareness, lack of education, low standard of medical facilities, lack of healthcare facilities, and majority governments not considering healthcare a priority.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
List Of Tables
TABLE 1 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY SOURCE, 2013-2022 (USD MILLION)
TABLE 2 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY APPLICATION, 2013-2022 (USD MILLION)
TABLE 3 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY END USER, 2013-2022 (USD MILLION)
TABLE 4 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY REGION, 2013-2022 (USD MILLION)
List Of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY SOURCE
FIGURE 4 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY APPLICATION
FIGURE 5 GLOBAL MONOCLONAL ANTIBODY THERAPY MARKET, BY END USER
Continued…
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