Europe Monoclonal Antibodies Market is Blooming at a CAGR of 11.1 % from 2021 to 2028| Novartis AG,Pfizer Inc., GlaxoSmithKline plc., Amgen Inc

The Europe monoclonal antibodies market is expected to reach US$ 61,019.8 million by 2028 from US$ 29,254.3 million in 2021. The market is estimated to grow at a CAGR of 11.1% from 2021-2028.

Today, mAB treatment for people suffering from COVID-19 approved by the FDA intended for emergency use reveals that it proves successful in reducing the chances of severe diseases, hospitalization, and death by almost 70% by shortening hospital stays. Apart from that, coverage of mAB products for treating COVID-19 is another contributing factor for the growth of this market during the onset of the pandemic. Furthermore, the National Institute for Health and Care Excellence (NICE) updates managing COVID-19 guidelines with monoclonal antibody recommendations.

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The European market is severely hit due to the exponential increase of COVID-19 cases in the region. Many nations are revealing more patients per day now than during the first wave earlier this year. Lockdowns are being reintroduced in UK, Spain, and Italy, and Ireland, as per the European Centre for Disease Prevention and Control (ECDC). Due to the second wave of COVID-19 crises, the government of many nations is heading towards mounting up testing capacity. Countries in the European regions were profoundly affected due to the COVID-19 pandemic. For instance, countries such as Italy, Spain, and France have recorded the most significant number of positive cases and have registered the maximum number of deaths.

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Major Key players covered in this report:

• Novartis AG
• Pfizer Inc.
• GlaxoSmithKline plc.
• Amgen Inc
• DAIICHI SANKYO COMPANY, LIMITED
• F. Hoffmann-La Roche Ltd.
• AstraZeneca
• Eli Lilly and Company
• Bayer AG
• Bristol-Myers Squibb Company

Europe Monoclonal Antibodies Market Segmentation

By Source
Human
Humanized
Chimeric
Murine

By Production Method
In-Vitro
In-Vivo

By Indication

Cancer
Autoimmune Diseases
Infectious Diseases
Inflammatory Diseases
Microbial Diseases
Others

By Application

Therapeutic Applications
Diagnostic Applications
Research Applications

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The rising rate of coronavirus results in increased stress on the region's healthcare system, raising the demand for diagnostic tests in its healthcare system, supporting the expansion of the sector in this region. Moreover, In December 2021, Pfizer and BioNTech announced that the companies will amend the clinical safety study while evaluating the safety, tolerability, and immunogenicity of the Pfizer-BioNTech COVID-19 vaccine in children 6 months to under 5 years of age.

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This release was published on openPR.