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The Next Generation Antibody Therapeutics Market to Be Driven By the Use of Natural Language Processing

03-07-2022 07:43 AM CET | Health & Medicine

Press release from: Persistence Market Research

The Next Generation Antibody Therapeutics Market to Be Driven

The Next Generation Antibody Therapeutics Market is bound to grow robustly in the years to come. With smart technology and 5G being increasingly adopted, the healthcare vertical is witnessing a paradigm shift. These technologies can thus increase the convenience quotient (CQ), as abysmal disruption happens in the patients' lives. This convenience quotient would be the trend running in the healthcare vertical shortly.

According to a new market report published by Persistence Market Research "Global Market Study on Next-Generation Antibody Therapeutics: Biosimilar Antibody Products to Witness Highest Growth by 2022", the global next-generation antibody therapeutics market is project to be valued at US$ 2,250.0 Mn by the end of 2015 and is expected to expand at a CAGR of 13.0% from 2015 to 2022, to account for US$ 6,761.1 Mn by 2022.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/3713

Next-generation antibody therapeutics refers to improved antibody therapeutics with enhanced efficiency, greater safety, and improved delivery. Advancements in monoclonal antibody technologies have led to the development of next-generation therapeutic antibodies with reduced functional size, greater bifunctional properties, and low immunogenicity. Next-generation antibody-based therapeutics enhances existing properties of therapeutic antibodies for the treatment of various medical conditions such as cancer, infectious diseases, and autoimmune diseases.

Some of the major players in the market:

F. Hoffmann-La Roche Ltd.
Kyowa Hakko Kirin Co., Ltd.
Seattle Genetics, Inc.
ImmunoGen, Inc.
Amgen, Inc.
Biogen.
Bayer AG.
Xencor, Inc.
Other.

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Globally, the next-generation antibody therapeutics market is witnessing significant growth due to technological advancements in antibody therapeutics and increasing the prevalence of chronic diseases. In addition, rising healthcare expenditure and growing R & D activities are driving the growth of the next-generation antibody therapeutics market. However, stringent regulatory requirements and long approval time for new drug restrains the growth of the market. Similarly, high costs of next-generation antibody therapeutics is a major concern for the market.

North America is the largest market for next-generation antibody therapeutics. This is mainly due to increasing prevalence of chronic diseases and increasing healthcare spending in the region. The North America next-generation antibody therapeutics market is projected to be valued at US$ 1,104.4 Mn by the end of 2015 and is expected to account for US$ 3,691.8 Mn by 2022 at a CAGR of 14.5%. On the basis of technology, biosimilar antibody products are the fastest growing segment. On the basis of therapeutic application, oncology is the largest segment in next-generation antibody therapeutics market.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/3713

The next-generation antibody therapeutics market is segmented as follows:

By Technology

Antibody-Drug Conjugates (ADCs)
Bispecific Antibodies (BsAbs)
Fc Engineered Antibodies
Antibody Fragments and Antibody-like Proteins
Biosimilar Antibody Products

By Therapeutic Application

Oncology
Autoimmune/Inflammatory Diseases

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/next-generation-antibody-therapeutics-market.asp

By Geography

North America
Europe
Asia
Rest of the World (RoW)

Related Reports:

Medical Implants Sterile Packaging Market - https://www.persistencemarketresearch.com/market-research/medical-implants-sterile-packaging-market.asp

Irritable Bowel Syndrome Treatment Market - https://www.persistencemarketresearch.com/market-research/irritable-bowel-syndrome-treatment-market.asp

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