The Asia-Pacific Monoclonal Antibodies Market is currently valued at USD 4.32 billion in 2015 and is forecasted to be a USD 8.14 Billion market by 2020 with a tremendous growth rate of 13.5%.
Cancer is the leading cause of death across the globe currently. It starts from a single cell in the body genetically transforming a normal cell to a tumour and is eventually spread to other cells. Typically, drugs and chemotherapy are used as a treatment to cure cancer. The adverse side effects that comes with them has made the pharmaceutical companies to concentrate on monoclonal antibodies.
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Monoclonal antibodies have the ability to offer less toxic and more efficient therapeutic alternatives to treat the disease. Recent years have seen the emergence of monoclonal antibodies being used to treat wide array of diseases that are related to cancer. These antibodies are mono-specific comprising of identical immune cells which are clones of a single parent cell and are directed towards a specific cellular target. Thus monoclonal antibodies due to its customizable nature can be used to treat the cancerous cells not effecting the normal ones.
With the increase in the cases of cancer in the recent past, the pharmaceutical companies has started investing aggressively in monoclonal antibodies. The primary drivers for the market include increased investment in R&D for genomic studies, specificity to target only the cancer cell by monoclonal antibodies and technological evolvement in genetic sequencing and target gene selection. However, high costs of development, longer durations required for clinical trials and research & development of antibodies are a few factors to overcome in order for the market to evolve.
Cancer Monoclonal Antibodies Market : Segmentation
- By Application
- Hodgkins and Non-Hodgkins lymphoma
- By Type
- Murine Antibodies
- Chimeric and Humanised Antibodies
- Fully Humanized Antibodies
- Conjugate Cancer Therapies
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