Press release
Combination Antibody Therapy Market to Showcase Healthy Expansion at 14.2% CAGR During 2016-2024
Combination antibody therapy is receiving higher recognition from the oncological branch of medical science research. This is primarily due to the growing use of combination therapy over single drug treatments such as radiation or chemotherapy. In addition, companies that manufacture combination antibody drugs are actively focusing on developing superior drugs that will deliver standout results. Factors such as encouraging government policies, growing concerns over higher cancer prevalence worldwide, and increasing research and development activities coupled with heavier investments are expected to boost the overall market growth in the near future. Likewise, healthy R&D pipelines are leading towards higher product offerings and also propelling the growth of global combination antibody therapy market to a significant extent.
Request Sample Report@ https://www.persistencemarketresearch.com/samples/11740
Bottlenecks
The prolonged attrition rate in product development cycle and arbitrary and stringent drug approval procedures are the major downsides of the market that are likely to inhibit the market growth during the forecast period. Moreover, lack of awareness on understanding the difference between immunotherapies and chemotherapies amongst healthcare professionals, which is restricting the optimal use of immunotherapies alongside conventional treatment modalities is an additional factor impeding the market growth. Further, late diagnosis or ignorance of any carcinogenic disorders may inevitably lead to higher cost of treatment.
Market Forecast
Based on combinations, antibody/antibody is projected to be the predominant segment of the market over the forecast period. In terms of revenue, the segment is expected to witness a healthy CAGR of over 17% between 2016 and 2024. The growth is attributed to the increasing preference of antibody/antibody drugs as they have a lower risk of side effects for various cancer therapies. Whereas, the chemotherapy/antibody segment will hold the second position, accounting for 38.3% share of the market in 2016.
Demand for combination antibody therapy will be high for breast cancer and lung cancer treatment on the basis of applications. The lung cancer segment is anticipated to expand at a value CAGR of 17.1% during the assessment period.
By end user, hospitals are expected to be the largest segment of the market throughout the forecast period. In 2015, the segment was valued at US$ 26,906.5 Million, which is expected to surpass US$ 95,885 Million by 2024 end, reflecting a CAGR of 15.2%.
From a regional perspective, North America will continue to be the leading market for combination antibody therapy over the forecast period. In addition, the region is set to witness a CAGR of over 13% in terms of value. Whereas, APAC is expected to reflect the fastest growth of the market during the forecast period in terms of value. Further, the market in the region is estimated to witness a 3.4X growth in terms of sales over 2024 owing to increasing prevalence of carcinogenic disorders in APAC.
Request TOC@ https://www.persistencemarketresearch.com/methodology/11740
Competitive Dashboard
Key participants functioning in the global market for combination antibody therapy include Roche Holdings AG, Amgen Incorporated, Novartis AG, Celgene Corporation, Biogen Inc., Seattle Genetics Inc., Genmab A/S, Bristol-Myers Squibb Company, Eli-Lilliy and Company and Sanofi.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Combination Antibody Therapy Market to Showcase Healthy Expansion at 14.2% CAGR During 2016-2024 here
News-ID: 1192889 • Views: …
More Releases from Persistence Market Research
Computer Numerical Control (CNC) Machines Market Forecast, Technological Advance …
Market Overview
The global Computer Numerical Control (CNC) machines market is witnessing robust growth as industries increasingly adopt advanced manufacturing technologies to boost precision, speed, and productivity. In 2023, the market was valued at US$6.2 billion and is forecast to expand at a CAGR of 9.5%, reaching US$11.7 billion by 2030. CNC machines, which automate control of machining tools through computer programming, have become an indispensable part of sectors such as…
Millimeter Wave Body Scanner Market to Witness Strong Demand Across Airports & P …
Market Overview
The millimeter wave body scanner market has emerged as a critical segment within global security technologies, particularly in high-risk environments such as airports, government buildings, and public event venues. These scanners utilize non-ionizing millimeter wave technology to detect concealed objects on a person's body without physical contact, delivering both enhanced accuracy and safety compared to older technologies like X-ray scanners. The increasing need for advanced threat detection systems, coupled…
Industrial Cooling System Market, Driving Efficiency and Reliability in Next-Gen …
Market Overview
The global industrial cooling system market is witnessing steady growth, driven by rising demand for energy-efficient solutions and expanding applications across industries such as manufacturing, oil & gas, chemicals, power generation, and data centers. Cooling systems are indispensable for maintaining operational efficiency, protecting sensitive machinery, and ensuring workforce safety in environments with extreme heat generation. According to recent projections, the market is expected to expand at a CAGR of…
Industrial Automation and Control System Market Insights, Innovations, Segments, …
Market Overview
The global industrial automation and control system market is experiencing rapid transformation as industries embrace digital technologies to boost productivity, reduce costs, and enhance operational efficiency. Valued at US$165.1 Bn in 2023, the market is projected to reach US$307.7 Bn by 2030, expanding at a strong CAGR of 9.3% during the forecast period. The increasing integration of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), robotics,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
