Press release
Multiple Cancer Monoclonal Antibodies Market : Embracing Size Expansion with 11.19% CAGR Surge by 2031
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According to the latest research by InsightAce Analytic, the global Multiple Cancer Monoclonal Antibodies market will be valued at US$ 56.88 Million in 2021. It is expected to reach US$ 136.91 Billion by 2031, with a CAGR of 11.19% during a forecast period of 2023-2031.
Cancer monoclonal antibodies are targeted immune cells, identical clones of a single parent cell, and specialized antibodies directed at particular cellular targets. Because of their unique characteristics, monoclonal antibodies are thus very adaptable and play a significant part in treating malignant cells with a specific target. Therefore, it has been established that monoclonal antibodies are more efficient than other cancer therapy.
The market for multi-cancer monoclonal antibodies is driven by increased cancer cases and other types of solid tumors. Increased immunological sickness in the family and adopting an unhealthy lifestyle contribute to the market growth for multi-cancer monoclonal antibodies.
The global market for multi-cancer monoclonal antibodies will, nevertheless, experience growth due to improvements in cancer treatment technologies brought about by rising manufacturer investments and expanding government and pharmaceutical organization efforts to raise public awareness of the condition. The market is growing due to several factors, including increasing investments in genomic research and development and a demand for and results in monoclonal antibodies that specifically target cancer. The global market for cancer monoclonal antibodies may be hampered by high medical and surgical expenditures and strict FDA guidelines for monoclonal antibody approval.
North America is anticipated to contribute to the Multiple Cancer Monoclonal Antibodies market. The market for multi-cancer monoclonal antibodies is expanding due to increased government support for the study and development of cancer disorders and the attention of international market participants and cutting-edge technologies. In addition, the Europe Multiple Cancer Monoclonal Antibodies market is expected to register significant growth due to a rise in the number of people who lack growth hormone. Additionally, the market in the region is probably being driven by an increase in research and development in the Asia Pacific because more generic medications are available, and cancer and associated illnesses are more common.
Major market players operating in the Multiple Cancer Monoclonal Antibodies market include
Abbvie, Amgen, Bayer HealthCare, Biogen Idec, Eli Lilly, Genmab, Gilead Sciences, GlaxoSmithKline, Novartis, Pfizer, Roche, and Seattle Genetics, among others.
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Recent collaborations and agreements in the market:
• In August 2021, the FDA approved the injectable SKYTROFA from Ascendis Pharma. The corporation will be able to make a sizable profit when this product is launched on the world market.
• In July 2018, the U.S. FDA granted Ferring Pharmaceuticals Inc. approval to market ZOMACTON, a somatropin injection, for the treatment of short stature born small for gestational age or growth failure as well as short stature caused by Turner syndrome and idiopathic short height.
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Market Segments
Global Multiple Cancer Monoclonal Antibodies Market, by Product Type, 2023-2031 (Value US$ Mn)
• Cetuximab
• Nivolumab
• Atezolizumab
• Ramucirumab
• Pembrolizumab
• Pembrolizumab Companion Diagnostic
• Ipilimumab
• Cancer Biosimilar Drugs (Bevacizumab, Trastuzumab, Nimotuzumab, etc.)
Global Multiple Cancer Monoclonal Antibodies Market, by Indication Type, 2023-2031 (Value US$ Mn)
• Lung Cancer
• Bladder Cancer
• Breast cancer
• Endometrial cancer
• Ovarian cancer
• Oesophageal cancer
• Prostate cancer
• Multiple Myeloma
• Lymphoma
• Renal Cell Cancer
• Others
Global Multiple Cancer Monoclonal Antibodies Market, by region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Multiple Cancer Monoclonal Antibodies Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Multiple Cancer Monoclonal Antibodies Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Multiple Cancer Monoclonal Antibodies Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Multiple Cancer Monoclonal Antibodies Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Multiple Cancer Monoclonal Antibodies Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Multiple Cancer Monoclonal Antibodies market
To receive an industry overview and future trends of the Multiple Cancer Monoclonal Antibodies market
To analyze the Multiple Cancer Monoclonal Antibodies market drivers and challenges
To get information on the Multiple Cancer Monoclonal Antibodies market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Multiple Cancer Monoclonal Antibodies market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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