Press release
Antibody Drug Conjugates Market Size, Share, Industry, Forecast and outlook (2024-2031)
DataM Intelligence
Global Antibody Drug Conjugates Market Achieves Remarkable Growth, Projected to Reach USD 16,594.6 Million by 2030
The global Antibody Drug Conjugates (ADCs) market has witnessed substantial growth, reaching a size of USD 5,032.8 million in 2022. According to market projections, the industry is set to experience a lucrative expansion, reaching up to USD 16,594.6 million by 2030, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period from 2024 to 2031.
The driving force behind this robust growth is attributed to the escalating prevalence of cancer globally and the continual advancements in antibody engineering and conjugation technologies.
ADCs, at the forefront of targeted cancer treatment, effectively manage drug toxicity by directing potent compounds towards specific cells, thereby sparing healthy cells from harm.
Key Highlights:
YL201: A Pioneering ADC for Targeted Cancer Treatment
YL201, a notable ADC, comprises a monoclonal antibody targeting a tumor-associated antigen (TAA) linked to a cytotoxic agent with potential antineoplastic activity. Administered intravenously, YL201 selectively targets and binds to TAAs on tumor cells. Upon binding, the cytotoxic agent is released, executing an unknown mechanism of action to eliminate TAA-expressing cancer cells.
Market Dynamics
The global ADC market is propelled by factors such as the rising prevalence of cancer, escalating investments in cancer-related research and development, the surge in innovative and targeted cancer treatment options, and continuous advancements in antibody engineering and conjugation technologies.
Market Scope and Metrics
CAGR: 16.6%
Size Available for Years: 2021-2030
Forecast Period: 2024-2031
Data Availability: Value (USD)
Segments Covered: Application, Technology, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.
To know more Insights - Download Sample: https://www.datamintelligence.com/download-sample/antibody-drug-conjugates-market
Market Segment Analysis
Application: The Breast Cancer segment dominates the market share, accounting for approximately 48.6% during the forecast period.
Geographical Share
North America: Holds the largest market share (51.4%) during the forecast period due to active new drug pipeline projects and new product launches. With 264 ADCs in pharma's pipeline, 161 are being developed in North America, making it the continent with the highest number of ADCs in development.
Major Companies
The major global players in the Antibody Drug Conjugates market include Takeda Pharmaceutical Company Ltd., Hoffmann-La Roche Ltd., Pfizer Inc., AstraZeneca, Gilead Sciences Inc., Seagen Inc., Astellas Pharma, Daiichi Sankyo Company Ltd., GlaxoSmithKline Plc, and ADC Therapeutics.
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Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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