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Unveiling the Global Antibody Drug Conjugates Market: An Exquisite Industry Analysis, Futuristic Demand, and Growth Forecasts until 2032 || Bayer AG, Concortis Biotherapeutics, F. Hoffmann-La Roche Ltd
Antibody Drug Conjugates Market
The Business Research Company's Antibody Drug Conjugates Global Market Report 2023 identifies the rising incidences of cancer globally is the major driver for the antibody drug conjugates market's growth in the forecast period. The major causes of most cancers include obesity, smoking, alcohol, and improper eating habits. Cancer Research UK predicts that there will be 27.5 million new cases of cancer each year by 2040. The rising incidences of cancer are expected to increase the demand for antibody-drug conjugates, driving the market's growth.
The global antibody drug conjugates market size grew from >$5.9 billion in 2022 to $7.2 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. 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 market size of the global antibody drug conjugates is expected to grow from $16.15 billion in 2027 at a CAGR of 22.4%.
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Major competitors in the antibody-drug conjugates (ADCs) market are Bayer AG, Concortis Biotherapeutics, F. Hoffmann-La Roche Ltd., Immunomedics Inc., Oxford BioTherapeutics.
A key trend in the antibody drug conjugates market includes increasingly collaborating or partnering with other companies. For instance, in March 2022, Sanofi, a France-based multinational pharmaceutical and healthcare company, collaborated with a US-based biotechnology company, Seagen Inc., to create up to three cancer targets for antibody-drug conjugates (ADCs), develop them, and market them. The collaboration would make use of the exclusive monoclonal antibody (mAb) technology from Sanofi and the exclusive ADC technology from Seagen..
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The antibody drug conjugates market is segmented -
1) By Type: Monoclonal Antibodies, Linker, Drug/Toxin, Other Types
2) By Application: Blood Cancer, Breast Cancer, Ovarian Cancer, Lung Cancer, Brain Tumor, Other Applications
3) By Product: Adcertis, Kadcyla, Other Products
4) By Technology: Immunogen Technology, Seattle Genetics Technology, Immunomedics Technology, Other Technology
5) By End User: Hospital, Clinics, Other End Users
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the antibody-drug conjugates (ADCs) market.
The Business Research Company's "Global Antibody Drug Conjugates Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Antibody Drug Conjugates Market Include:
1. Executive Summary
2. Antibody Drug Conjugates Market Characteristic
3. Antibody Drug Conjugates Market Trends And Strategies
4. Antibody Drug Conjugates Market - Macro Economic Scenario
5. Antibody Drug Conjugates Market Size And Growth
……………
27. Antibody Drug Conjugates Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antibody Drug Conjugates Market
29. Antibody Drug Conjugates Market Future Outlook And Potential Analysis
30. Appendix
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