Monoclonal Antibodies (MAs) Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Monoclonal Antibodies (MAs) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The monoclonal antibodies (mabs) market size has grown rapidly in recent years. It will grow from $234.37 billion in 2023 to $261.66 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to prevalence of chronic diseases, increasing investment in r&d, growing awareness of mabs, growing elderly population.

The monoclonal antibodies (mabs) market size is expected to see rapidly grown in the next few years. It will grow to $424.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to expanding therapeutic indications, personalized medicine, biosimilars and generics, combination therapies, pandemic preparedness, biopharmaceutical investment. Major trends in the forecast period include immunotherapy advancements, subcutaneous administration, next-generation antibodies, subcutaneous formulations, digital health integration, advancements in biotechnology.

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Market Drivers and Trends:

The increasing prevalence of cost-efficient biosimilar monoclonal antibodies is driving the monoclonal antibody market's growth. 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. A biosimilar monoclonal antibody costs 20%-25% less than the original biologic drug. The number of clinical trials for a biosimilar is comparatively smaller than that of the original biologic drug, and this proves to be the reason for the low cost of a biosimilar drug. In India, a new biosimilar policy called the 'Guidelines on Similar Biologics' prepared by the Central Drugs Standard Control Organization (CSDCO) is expected to give a major boost to the Indian biosimilar drugs industry.

The monoclonal antibody market has been witnessing multiple strategic initiatives in recent years. Top companies in the market are strategically acquiring start-ups and mid-sized companies to broaden their products and services. Strategic collaborations, acquisitions, and partnership agreements help vendors expand their existing product portfolio and geographical reach. 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. Furthermore, Boehringer Ingelheim, a Germany-based research-driven pharmaceutical company, announced a collaboration with MabGenesis, Inc., a Japan-based biopharmaceutical company pioneering in the development of therapeutic monoclonal antibody drugs for the treatment of human diseases. Through this collaboration, Boehringer Ingelheim and MabGenesis discover and develop novel therapeutic monoclonal antibodies for the treatment of various diseases and strategic research and development strategies. Companies in the industry are increasingly realigning their portfolios and pursuing profitable inorganic growth opportunities. Additionally, M&A interest is also being fueled by stronger corporate balance sheets, liquid debt markets, and continued favourable interest rates globally.

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Major Key Players of the Market:

Johnson & Johnson; Merck & Co. Inc.; AbbVie Inc.; Amgen Inc.; Novartis International AG; Pfizer Inc.; Thermo Fisher Scientific Inc.; Eli Lilly and Company; Bristol-Myers Squibb Company; F. Hoffmann-La Roche Ltd.; Sanofi S.A.; Abbott Laboratories; Mylan N.V.; Novo Nordisk A/S; Daiichi Sankyo Company Ltd.; Seattle Genetics Inc.; Teva Pharmaceutical Industries Ltd.; Shanghai Junshi Biosciences Co. Ltd.; GenScript Biotech Corporation; Sigma-Aldrich Co. LLC; AbGenomics Inc.; ADC Therapeutics SA; Agensys Inc.; Alexion Pharmaceuticals Inc.; ALMAC Group Ltd.; Ambrx Biopharma Inc.; Astellas Pharma Inc.; Celgene Corporation; Celldex Therapeutics Inc.; Baxter International Inc.; Fresenius SE & Co. KGaA; Hikma Pharmaceuticals plc; Jiangsu Hengrui Medicine Co. Ltd.; Piramal Enterprises Ltd.; Troikaa Pharmaceuticals Ltd.; CD BioSciences Inc.; Kanto Corporation; Molecular Depot LLC; Epigentek Group Inc.; Creative Biolabs Inc.; Advanced ChemTech Inc.; Diagnostic BioSystems Inc.; Tonbo Biosciences Inc.; Abraxis LLC; GlaxoSmithKline plc

Monoclonal Antibodies (MAs) Market 2024 Key Insights:

• The monoclonal antibodies (mabs) market size will grow to $424.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.
• Rising Popularity Of Cost-Efficient Biosimilar Monoclonal Antibodies Fuels Monoclonal Antibody Market Growth
• Strategic Expansion And Collaborative Initiatives Shaping The Monoclonal Antibody Market
• North America was the largest region in the monoclonal antibodies (MAbS) market in 2023

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