According to the report Global Cancer Monoclonal Antibodies Market published by Market Data Forecast, the global market is projected to reach USD 45 billion by 2021 from USD 161.4 billion in 2016, at a CAGR of 11.2% from 2016 to 2021.
Cancer is a severe diseases causing millions of death worldwide every year. Cancer starts from a single cell and genetically transforms a normal cell in to tumour cell and is gradually spread to other cells. With the dramatic increase in the number of people affected by cancer, many pharmaceutical players started to invest on monoclonal antibodies. While the drugs are used for the treatment of cancer, drugs like chemotherapy agents have adverse side effects as they affect the normal cells as well along with cancerous cells. This prompted the increased usage of Monoclonal Antibodies for the treatment of cancer.
Monoclonal Antibodies having the potential to offer less toxic and efficient therapeutic alternatives to the patients have been emerging in the recent years. Monoclonal Antibodies are used to treat a wide array of diseases related to autoimmune, inflammatory and especially cancer. Monoclonal Antibodies (mAbs) are mono-specific antibodies bodies comprising of identical immune cells that are clones of a single parent cells and are directed to a specific cellular targets. Thus Monoclonal Antibodies are highly customizable due to its specific nature and can play a crucial role in eliminating the cancerous cell while sparing the normal cells during the cancer treatment. The monoclonal antibodies are proved to be more effective than chemotherapies and drugs for cancer treatment.
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Global Cancer Monoclonal Antibodies Market: Drivers & Restraints
Increasing investment in research and development of genomic studies, technological advancements in genetic sequencing and target gene selection, specificity of monoclonal antibodies to target only the cancer cells with no side effects are the some of the driving forces of the market. However, there are few restraints for the growth of the market like high development cost being the major one. And also, stringent regulatory guidelines, long durations required for the research and development of antibodies, longer periods of clinical trials are some of the hurdles faced by the market.
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Global Cancer Monoclonal Antibodies Market: Segmentation
- Hodgkins and Non-Hodgkins lymphoma
- Murine Antibodies
- Chimeric and Humanised Antibodies
- Fully Humanized Antibodies
By Conjugate Cancer Therapies
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Global Cancer Monoclonal Antibodies Market: Overview
At present, the market is witnessing the emergence of targeted and combination therapies for the treatment of cancers and inflammatory diseases. These therapies exploit the surface properties of the infected cells and cause fewer adverse side effects than the conventional non-targeted therapies. As targeting multiple pathways minimizes the threat of developing treatment-resistant disorders, combination therapies are highly preferable in treating cancers. Also, several vendors in the market are collaborating and entering strategic alliances to develop and market the novel drugs.
The dramatic increase of the number of cancer patients has led many pharmaceutical players to invest in monoclonal antibodies market. Increased prevalence of cancer being the key driver for the monoclonal antibodies market, it is expected to grow lucratively in the next 5 years with the presence of strong products in the pipeline.
Global Cancer Monoclonal Antibodies Market: Region-wise Outlook
On the basis of geography Global Cancer Monoclonal Antibodies Market is analyzed under various regions namely North America, Europe, Asia-pacific, Latin America and Africa & Middle-East. North America is the largest market for Cancer Monoclonal Antibodies Market accounting for approximately XX% due to high government support and the increasing number of patients suffering from hemophilia. Europe is the second largest market for Cancer Monoclonal Antibodies Market. Asia-Pacific region is estimated to be the fastest growing region owing to its high population base and increasing healthcare expenditure.
.Key Questions Answered
- What is the current and future Cancer Monoclonal Antibodies Market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Cancer Monoclonal Antibodies space globally?
- What are the key, high growth markets that Cancer Monoclonal Antibodies manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Cancer Monoclonal Antibodies currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Cancer Monoclonal Antibodies?
- What are the challenges and barriers that have hindered widespread adoption of Cancer Monoclonal Antibodies?
Global Cancer Monoclonal Antibodies Market: Key Players
The highly customizable nature of the monoclonal antibodies are attracting various organizations, research institutes and multinational companies to use it as a tool to cure cancer. The major players in the Cancer Monoclonal Antibodies Market are Amgen, Genmab, glaxosmithkline, Bristol Myers Squibb, Roche, Eli Lilly, Immunogen, Novartis, Seattle Genetics and Spectrum Pharmaceuticals.
Reasons to buy Global Cancer Monoclonal Antibodies Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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