What is Major Trend Observed in Next-Generation Antibody Therapeutics Market?

The global next-generation antibody therapeutics market is set to exhibit substantial growth in the coming years. The prominent factors driving the expansion of the market are the rapid technological advancements, the rising incidence of cancer, and the surging number of collaborations among various market players in order to develop next-generation antibody therapeutics. In addition to this, the rapidly improving infrastructure for life sciences research is massively boosting the advancement of the market across the globe.

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The development of antibody drug conjugates (ADCs), bispecific antibodies (BsAbs), and glycoengineered antibodies has augmented the application areas of antibody therapeutics. ADCs are more effective and safer than the conventionally used antibodies in cancer treatment, as they are made by combining a biologically active cytotoxic drug and a monoclonal antibody for targeting tumor cells. This helps overcome the existing challenges of limited applications of monoclonal antibody therapeutics. Therefore, it can be said that rapid technological advancements are fueling product innovations.

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When therapeutic area is taken into consideration, the market is divided into oncology and autoimmune/inflammatory categories. Between these, the oncology category is predicted to hold huge revenue share in the market during the next few years. On the other hand, the autoimmune/inflammatory category will exhibit rapid expansion in the global market in the years to come, as per the estimates of P&S Intelligence, a market research company based in India.

Globally, the next-generation antibody therapeutics market is predicted to register the highest growth in North America in the coming years. The market will demonstrate a CAGR of more than 40.0% in this region during the coming years. The factors driving the progress of the market in this region are the existence of various established players and a well-developed life sciences research infrastructure, the rising incidence of chronic diseases, and the increasing implementation of favorable government policies regarding antibody therapeutics research.

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This release was published on openPR.