Press release
Next Generation Antibody Therapeutics Market is projected to be valued at US$ 1,104.4 Mn by the end of 2022 and is expected to account for US$ 3,691.8 Mn by 2027
Next Generation Antibody Therapeutics Market 2022-2027
The Next Generation Antibody Therapeutics Market is expected to grow on a vigorous note shortly. Though telemedicine has turned out to be an easily accessible service, proper amalgamation with therapy decisions is of utmost importance. At-home lab tests are a good by-product of telehealth. Remote monitoring and diagnosis are cost-effective. It also saves on downtime. So, saving on time and investing in convenience would be one of the trends of the healthcare vertical in the years to come.
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 2022 and is expected to expand at a CAGR of 13.0% from 2022 to 2027, to account for US$ 6,761.1 Mn by 2027.
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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 2021 and is expected to account for US$ 3,691.8 Mn by 2027 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.
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
By Geography
North America
Europe
Asia
Rest of the World (RoW)
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Key Questions Answered in the Next Generation Antibody Therapeutics Market Report
How is the Next Generation Antibody Therapeutics market expected to grow over the projected period?
What direction is the Next Generation Antibody Therapeutics market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Next Generation Antibody Therapeutics market in future?
What are the key market drivers in the Next Generation Antibody Therapeutics market?
What are significant opportunities and improvement areas for Next Generation Antibody Therapeutics manufacturers?
What are the key developments and trends taking over the Next Generation Antibody Therapeutics market?
Which are the emerging countries that are expected to create significant growth opportunities in the Next Generation Antibody Therapeutics market?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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