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Protein Therapeutics Market Predicted to Grow at CAGR of 7.1% by 2023 - 2030 | Amgen Inc., Novartis AG, Johnson & Johnson, AbbVie Inc.
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Biosimilars Gain Traction: Biosimilars, which are highly similar but not identical versions of approved biologic drugs, are gaining momentum in the protein therapeutics market. They offer cost-effective alternatives to expensive biologics and increase patient access to these treatments.
Market Segmentation:
Product Type:
Monoclonal Antibodies (mAbs): This segment includes monoclonal antibodies used for therapeutic purposes. It is the largest segment in the protein therapeutics market.
Fusion Proteins: Fusion proteins are created by combining two or more proteins to form a single functional molecule.
Peptide-Based Therapeutics: This segment includes therapeutic peptides that are composed of short chains of amino acids.
Growth Factors: Growth factors are proteins that regulate cell growth, proliferation, and differentiation.
Insulin: Insulin is a protein-based hormone used for the treatment of diabetes.
Therapeutic Area:
Oncology: Protein therapeutics used in the treatment of various types of cancer.
Autoimmune Disorders: Therapies targeting the immune system to treat autoimmune diseases such as rheumatoid arthritis, multiple sclerosis, and lupus.
Metabolic Disorders: Protein-based drugs used to treat metabolic diseases like diabetes and obesity.
Cardiovascular Disorders: Therapies targeting cardiovascular diseases such as hypertension and heart failure.
Technology:
Recombinant Protein Technology: Therapeutics produced using recombinant DNA technology.
Protein Engineering: The modification and optimization of proteins for enhanced therapeutic properties.
Antibody-Drug Conjugates (ADCs): A technology that combines monoclonal antibodies with cytotoxic drugs for targeted cancer therapy.
Bispecific Antibodies: Antibodies designed to simultaneously bind to two different targets, allowing for novel therapeutic approaches.
Route of Administration:
Intravenous (IV) Administration: Therapies administered directly into the bloodstream.
Subcutaneous (SC) Administration: Therapies injected into the fatty tissue just below the skin.
Oral Administration: Protein therapeutics formulated in a way that allows them to be taken orally.
Other Routes: Inhalation, intramuscular, and transdermal routes of administration.
Geography:
North America: Includes the United States and Canada.
Europe: Includes countries within the European Union and other European countries.
Asia-Pacific: Includes countries such as China, Japan, India, and Australia.
Latin America: Includes countries in Central and South America.
Middle East and Africa: Includes countries within the Middle East and African regions.
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Competitive Landscape:
Roche Holding AG
Amgen Inc.
Novartis AG
Johnson & Johnson
AbbVie Inc.
Eli Lilly and Company
Pfizer Inc.
Merck & Co., Inc.
Sanofi SA
AstraZeneca PLC
Recent developments:
COVID-19 Vaccine Development: The protein therapeutics market witnessed significant developments in the context of the COVID-19 pandemic. Several companies, including Pfizer/BioNTech, Moderna, and AstraZeneca/Oxford University, developed protein-based vaccines, such as mRNA vaccines and viral vector vaccines, to combat the virus.
Advancements in Bispecific Antibodies: Bispecific antibodies, which can simultaneously bind to two different targets, have gained attention in the protein therapeutics field. Many companies, including Genentech, Roche, and Regeneron, have made progress in developing bispecific antibodies for various therapeutic areas, such as oncology and immunology.
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