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Next-Generation Antibody Therapeutics Market 2023 - By Size, Trend Analysis, Industry Growth, Key Players, Growth Opportunities And Outlook By 2032
Next-Generation Antibody Therapeutics Market
The Business Research Company's Next-Generation Antibody Therapeutics Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the Next-Generation Antibody Therapeutics market's growth in the forecast period. Chronic diseases are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Next-generation antibody therapeutics have a therapeutic function for individuals with chronic illnesses that deliver more focused care, which would benefit patients' outcomes.
The global next-generation antibody therapeutics market is expected to grow from $5.44 billion in 2022 to $6.14 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The next-generation antibody therapeutics market is expected to reach $9.43 billion in 2027 at a CAGR of 11.3%.
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Major competitors in the Next-Generation Antibody Therapeutics market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Bayer AG, Bristol-Myers Squibb Company, AstraZeneca plc, GlaxoSmithKline plc.
A key trend in the Next-Generation Antibody Therapeutics market includes technological advancements. Major companies operating in the next-generation antibody therapeutics market are concentrating on creating technologically advanced products to strengthen their position in the market. For instance, in October 2021, Merck KGaA, a Germany-based science and technology company, launched the new technology ChetoSensar. By addressing solubility issues, ChetoSensar offers renewed hope for antibody-drug conjugates. It has improved the efficacy of its antibody-drug conjugates and high-potency active pharmaceutical ingredient (HPAPI). By enhancing the solubility of antibody-drug conjugates, the novel ChetoSensar technology expands the potential for developing next-generation antibody-drug conjugate therapeutics.
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The Next-Generation Antibody Therapeutics market is segmented -
• By Types Of Antibodies: Monoclonal Antibodies, Polyclonal Antibodies, Biospecific Antibodies, Antibody-Drug Conjugates, Other Types
• By Therapeutic Area: Oncology, Autoimmune Diseases, Infectious Diseases, Neurodegenerative Disorders, Other Therapeutic Areas
• By End-User: Hospitals And Clinics, Research Institutes, Pharmaceutical And Biotechnology Companies, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Next-Generation Antibody Therapeutics market.
The Business Research Company's "Global Next-Generation Antibody Therapeutics 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 Next-Generation Antibody Therapeutics Market Include:
1. Executive Summary
2. Next-Generation Antibody Therapeutics Market Characteristics
3. Next-Generation Antibody Therapeutics Market Trends And Strategies
4. Next-Generation Antibody Therapeutics Market - Macro Economic Scenario
5. Global Next-Generation Antibody Therapeutics Market Size and Growth
…………………………………
32. Global Next-Generation Antibody Therapeutics Market Competitive Benchmarking
33. Global Next-Generation Antibody Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Next-Generation Antibody Therapeutics Market
35. Next-Generation Antibody Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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