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Monoclonal Antibodies (MAbS) Market 2023 - By Market Size, Industry Trends, Share, Market Analysis, Key Drivers, Top Major Players And Forecast To 2032
Monoclonal Antibodies (MAbS) Market
The Business Research Company's Monoclonal Antibodies (MAbS) Global Market Report 2023 identifies increasing prevalence of cost-efficient biosimilar monoclonal antibodies as the major driver for the Monoclonal Antibodies (MAbS) market's growth in the forecast period. The biosimilars' aim is to curb the increasing cost of healthcare and handle economic pressure from the patient pod and governments to reduce the cost of medication and increase access to treatment. Biosimilars are pharmaceuticals that are developed to have similar properties to a biological drug that has already been approved.
The global monoclonal antibodies (mabs) market grew from $188.18 billion in 2022 to $209.98 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. 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 monoclonal antibodies (mabs) market is expected to grow from $330.35 billion in 2027 at a CAGR of 12.0%.
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Major competitors in the Monoclonal Antibodies (MAbS) market are Johnson & Johnson, Merck, AbbVie, Amgen, GlaxoSmithKline PLC., Norvatis AG, Pfizer Inc.
A key trend in the Monoclonal Antibodies (MAbS) market includes Strategic collaborations, acquisitions, and partnership agreements. Top companies in the market are strategically acquiring start-ups and mid-sized companies to broaden their products and services. For instance, in March 2022, Sanofi S.A., a France based pharmaceutical and healthcare company specialising in the discovery, development, manufacturing, and commercialization of drugs, announced a strategic collaboration with Seagen Inc., a US-based pharmaceutical company specialising in the development and commercialization of novel, powerful monoclonal antibody-based cancer treatments. Under this agreement, the partnership will use Seagen's and Sanofi's exclusive monoclonal antibody (mAb) and antibody-drug conjugate (ADC) technologies to design, develop, and market ADCs for up to three cancer targets.
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https://www.thebusinessresearchcompany.com/report/monoclonal-antibodies-global-market-report
The Monoclonal Antibodies (MAbS) market is segmented -
• By Source: Murine, Chimeric, Humanized, Human
• By Application: Anti-Cancer, Immunological, Anti-Infective Monoclonal Antibodies (MAbs), Neuropharmacological, Cardiovascular And Cerebrovascular, Other Applications
• By End Users: Hospitals, Private Clinics, Research Institute
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Monoclonal Antibodies (MAbS) market.
The Business Research Company's "Global Monoclonal Antibodies (MAbS) 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 Monoclonal Antibodies (MAbS) Market Include:
1. Executive Summary
2. Monoclonal Antibodies (MAbS) Market Characteristics
3. Monoclonal Antibodies (MAbS) Market Trends And Strategies
4. Monoclonal Antibodies (MAbS) Market - Macro Economic Scenario
5. Monoclonal Antibodies (MAbS) Market Size And Growth
………………………………..
27. Monoclonal Antibodies (MAbS) Market Competitive Landscape And Company Profiles
28. Monoclonal Antibodies (MAbS) Pipeline Analysis
29. Key Mergers And Acquisitions In The Monoclonal Antibodies (MAbS) Market
30. Monoclonal Antibodies (MAbS) Market Future Outlook and Potential Analysis
31. Appendix
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