The BiSpecific MAbS Market Is Expected To Witness Growth Exponentially By 2032
As per the bi-specific MAbS market report by The Business Research Company, the increasing prevalence of cancer and other chronic diseases is projected to contribute to the growth of the bispecific monoclonal antibodies market over the forecast period. Bispecific monoclonal antibodies are developed for the treatment of various cancers, infectious diseases, central nervous system disorders, and autoimmune disorders. Bispecific monoclonal antibodies are considered to be more effective than monoclonal antibodies (moAbs) as these target two or more tumor antigens on cells to disrupt cancer progression.
The global bi-specific mabs market grew from $5.13 billion in 2022 to $6.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bi-specific mabs market is expected to grow from $13.16 billion in 2027 at a CAGR of 18.3%.
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Major competitors in the bi-specific MAbS market include Johnson & Johnson, Novartis AG, Hoffmann-La Roche Ltd., Novo Nordisk A/S, Bayer AG, Thermo Fisher Scientific, Inc., Bistro-Myers Squibb. Mylan N.V., Daiichi Sankyo Company Ltd. and Abbott.
The bi-specific MAbS market is segmented -
• By Type: Catumaxomab (Removab), Blinatumomab, Duligotumab, SAR 156597
• By Product Type: In Vivo, In Vitro
• By Indication: Cancer, Autoimmune Diseases, Inflammatory Diseases, Infectious Diseases, Microbial Diseases, Other Indications
• By End Use: Hospitals, Research Institutes, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Bi-specific MAbs or bispecific monoclonal antibodies refer to antibodies that have two binding sites and are designed to bind to two antigens that are either distinct or have two different epitopes. Monoclonal antibodies (MoAbs) do not have the clinical therapeutic effects of BsAbs, which have a wide range of applications for the treatment of different diseases as well as tumour immunotherapy.
The Table Of Content For The Bi-Specific MAbS Market Include:
1. Executive Summary
2. Bi-Specific MAbS Market Characteristics
3. Bi-Specific MAbS Market Trends And Strategies
4. Bi-Specific MAbS Market - Macro Economic Scenario
5. Bi-Specific MAbS Market Size And Growth
6. Bi-Specific MAbS Market Segmentation
27. Bi-Specific MAbS Market Competitive Landscape And Company Profiles
28. Bi-Specific MAbS Pipeline Analysis
29. Key Mergers And Acquisitions In The Bi-Specific MAbS Market
30. Bi-Specific MAbS Market Future Outlook and Potential Analysis
The "Global Bi-Specific MAbS Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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