Press release
Companies In Global Antibodies Market Expedite Product Innovations To Stay At Forefront In Market: Fact.MR
The market for antibodies worldwide is expected to reach US$ 197.3 billion in value by 2022 and expand at a remarkable CAGR of 11.9% over the following ten years. By the end of 2032, the market is projected to have grown by a factor of three and achieve a valuation of US$ 608 billion.Antibodies market growth potential in North America is anticipated to be driven by substantial spending in healthcare research and development. By the end of 2032, this regional market is anticipated to hold close to 49% of the global market share.
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Key Segments in Antibodies Industry Research
By Product Type :
Monoclonal Antibodies
Polyclonal Antibodies
Immune Checkpoint Antibodies
Epitope Tag Antibodies
Isotype Control Antibodies
Primary Antibodies
Assay Antibodies
Others
By Application :
Drug Discovery & Development
Basic Research
Toxicity Screening
Biopharmaceutical Production
Drug Screening
Tissue Engineering
Forensic Testing
Others
By End User :
Biopharmaceutical Companies
Contract Research Organizations (CROs)
Academic & Research Institutes
Forensic Science Laboratories
Food & Beverage Companies
Diagnostic Centers
Others
By Region :
North America
Latin America
Europe
APAC
MEA
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Competitive Landscape
Leading antibody manufacturers are concentrating on expanding their research and accelerating the creation of novel antibodies in order to introduce new goods and acquire a competitive edge over rival manufacturers.
On September 19, 2022, Sandoz, a leader in biosimilars and generic pharmaceuticals, announced the progress of its biosimilar pipeline. This included positive results for the proposed biosimilar denosumab from ROSALIA Phase I/III clinical trial study. Denosumab is a human monoclonal antibody designed to bind and inhibit RANKL to reduce bone loss.
In March 2022, Sanofi, a leading pharmaceutical organization announced that it will partner with IGM Biosciences to create, develop, manufacture, and commercialize six new immunoglobulin M antibody agonists. Through this partnership, Sanofi has committed to over US$ 6 billion in potential milestone payments.
Why are Suppliers of Antibodies Investing in the U.S.?
The United States is a good market for antibodies because of its advanced healthcare system and robust research activity. The United States is a very lucrative market for suppliers and producers of antibodies due to the presence of prominent industry players and advanced healthcare infrastructure. Another element that will boost antibody market potential in the upcoming years is the U.S. government's growing backing.
Other reasons that will have a beneficial impact on the country's antibody market through 2032 include the high prevalence of chronic diseases, the ageing population, the high potential for patient spending, and the rising incidence of malignancies. Throughout the forecast period, the demand for cancer monoclonal antibodies is expected to increase significantly in the United States.
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