Monoclonal Antibodies Market Factors Helping to Maintain Strong Position Globally 2022-2027 | Amgen Inc., Merck Group, Novartis AG, Eli Lilly and Company

Over the past few decades, the widespread prevalence of cancer and various autoimmune, viral, and inflammatory diseases have motivated industry players to invest in the research and development of novel treatment methods. Given this scenario, genomics has exhibited robust development, including the introduction of advanced genetic solutions such as next-generation sequencing (NGS) technology.

This has translated into increased production of monoclonal antibodies - an antibody created by cloning a unique white blood cell that can later be replicated to create more clones. Monoclonal antibody therapy has proven to be highly effective and relatively more financially feasible, especially among cancer patients. The current success of monoclonal antibody therapy and its promising future potential are expected to create extremely viable business opportunities in the global monoclonal antibodies market over the forecast period.

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Sound Investments in Healthcare, High Treatment Efficacy to Accelerate Market Growth

Monoclonal antibodies are a fast-emerging therapy, with a heavy influx of investments being made by prominent market players for extensive research and development. Monoclonal antibodies have been found to be highly efficacious for treating chronic diseases such as cancer, autoimmune diseases, inflammatory diseases, viral diseases, and other infectious ailments. During the COVID-19 pandemic, it was found that the usage of monoclonal antibodies helped reduce hospitalizations, emergency room visits, and fatality rate.

The favorable outlook for monoclonal antibodies is expected to maintain its momentum in the coming years. Notably, humanized monoclonal antibodies are expected to gain traction during the assessment period. Additionally, several clinical trials are in their later stages, setting the stage for significant expansion of the monoclonal antibodies market.

Global Monoclonal Antibodies Market is Segmented as Below:

By Production Method
• In Vivo
• In Vitro

By Source
• Chimeric
• Humanized
• Human
• Murine

By End Users
• Hospitals
• Research Institutes
• Others

By Indications
• Cancer
• Infectious Diseases
• Autoimmune Diseases
• Inflammatory Diseases
• Others

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

High Prevalence of Cancer to Generate High Demand for Monoclonal Antibodies

In the recent past, the application of monoclonal antibodies to treat various types of cancers has showcased a considerable increase. The World Health Organization states that the number of cancer cases is predicted to touch 24.1 million by the end of the year 2030. Such a steep increase in cases has propelled government authorities, regulatory bodies, and private market players to focus their attention on developing novel treatment methods. In this context, monoclonal antibodies have proven to be a highly effective and non-toxic treatment method in comparison to other contemporary alternatives. The consistently growing incidence of cancer is projected to create new possibilities in advanced monoclonal antibody development and research. Over the forecast period, these factors are forecasted to positively influence the expansion of the global monoclonal antibodies market.

Robust Healthcare Posture Enables North America to Sustain Regional Dominance

The presence of advanced healthcare infrastructure, extensive government funding, and concentration of major market players are some of the key factors enabling North America to emerge as the leading monoclonal antibodies market. During the study period, the high prevalence of cancer, growing geriatric population, and a consistent influx of investments in monoclonal antibodies-related R&D are expected to further expand North America's monoclonal antibodies market.

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Leading Market Players

Some of the key players in the global monoclonal antibodies market include F Hoffmann-La Roche AG, Novartis AG, Amgen Inc., Eli Lilly and Company, Merck Group, Daiichi Sankyo Company, Alexion Pharmaceuticals Inc, and Bristol-Myers Squibb Company.

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