Press release
Global Monoclonal Antibody Therapeutics Market: Spike in Cancer Cases around the World to Ensure Swift Uptake, predicts TMR
The extensive research report by Transparency Market Research states that the global monoclonal antibody therapeutics market will be worth US$245.8 bn by 2024 from US$86.7 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to rise at a CAGR of 12.6%.
Access to Affordable Healthcare across North America Amplifies Demand for Monoclonal Antibody Therapeutics
View Full Report at : http://www.transparencymarketresearch.com/monoclonal-antibody-therapeutics-market.html
Monoclonal antibody therapeutics are used for treating cancer, autoimmune diseases, infection, ophthalmological diseases, and hematological diseases among others. Of these, the autoimmune diseases segment is projected to rise at a phenomenal pace during the forecast period. Increasing incidence of autoimmune diseases that affect the overall population has triggered a significant demand for these therapeutics. All throughout the forecast period of 2016 and 2024, the global market is expected to rise at a CAGR of 13.5%.
In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Regionally, North America is expected to dominate the global market due to growing healthcare facilities across the region. Furthermore, affordable healthcare available to patients has also augmented the demand for monoclonal antibody therapeutics across North America during the forecast period. By the end of 2024, the North America monoclonal antibody therapeutics market is expected to acquire a share of 37.9% in the global market.
Approvals and Commercialization of New Products Ups Sales
The global monoclonal antibody therapeutics market is expected to grow at a remarkable pace due to the high incidence of chronic diseases like cancer. The growing health concerns and the increasing diagnoses of cancer in various stages as boosted the demand for these therapeutics in recent years. The latest research by the World Health Organization predicts that the world will witness a 70% spike in the overall cancer cases, of which 60% of the cases will be attributable to Latin America, Asia, and Africa.
The incremental approvals in monoclonal antibody products across Europe and the U.S. have also contributed to soaring revenue of the global market. The report by TMR suggests that about five to six monoclonal antibodies are approved each year in these regions. Out of the 60 monoclonal antibodies approved in Europe in 2015, 48 have hit the market. Thus, the widening product portfolio that comes in a broad price range has also played a key role in encouraging the uptake of monoclonal antibody therapeutics.
High Cost of Production Dissuades Market Growth
Though the market is estimated to have a bright potential, it is likely to be shadowed by a few restraints. The increasing production of biosimilars that are also used for treating various chronic conditions and autoimmune diseases are expected to eat into the market share of monoclonal antibody therapeutics market. Furthermore, the patent cliff of several products is also likely to have a negative impact on the overall earnings of the global market. The market is also anticipated to face a tough challenge due to the high cost of monoclonal antibodies as their production is exceptionally time-consuming and demands strict adherence to rules and regulations.
This review is based on Transparency Market Research’s report, titled “Monoclonal Antibody Therapeutics Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast, 2016 – 2024.”
Download Sample Copy of Report at : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18209
The monoclonal antibody therapeutics market has been segmented as follows:
Monoclonal Antibody Therapeutics Market, by Application
Cancer
Autoimmune diseases
Infection
Hematological diseases
Ophthalmological diseases
Others
Monoclonal Antibody Therapeutics Market, by Source
Human
Humanized
Chimeric
Others
Monoclonal Antibody Therapeutics Market, by End Users
Hospitals
Private Clinics
Research Institute
Monoclonal Antibody Therapeutics Market, by Geography
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
U.K.
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
India
Japan
China
Australia
New Zealand
Rest of Asia Pacific
Middle East and Africa
South Africa
Saudi Arabia
A.E.
Rest of MEA
Browse : Our new press releases http://www.transparencymarketresearch.com/pressrelease/monoclonal-antibody-therapeutics-market.htm
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Monoclonal Antibody Therapeutics Market: Spike in Cancer Cases around the World to Ensure Swift Uptake, predicts TMR here
News-ID: 413981 • Views: …
More Releases from Transparency Market Research - Pharmaceutical
Neurovascular Devices Market Business Opportunities and Growth Challenges Report
Global Neurovascular Devices Market: Overview
The global population is aging rapidly. According to WHO, the chances of health risks are greater in geriatric people than the young generation. Old age is considered to be one of the biggest risk factors that are responsible for developing various diseases such as cardiovascular and neurological conditions. It is because of these factors, the global neurovascular devices market is experiencing robust growth in the…
Pneumococcal Vaccines Market anticipated expand at a CAGR of 3.3% from 2018 to 2 …
Transparency Market Research (TMR) has published a new report titled, “Pneumococcal Vaccines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global pneumococcal vaccines market was valued at US$ 7,247.6 Mn in 2017 and is anticipated expand at a CAGR of 3.3% from 2018 to 2026. Increase in patient pool, growth of the pharmaceutical industry, government initiatives to increase vaccination programs, rise…
Swab and Viral Transport Medium Market projected to expand at a CAGR of ~3% from …
Swab and Viral Transport Medium Market:
Introduction
Transparency Market Research has published a new report titled, ‘Global Swab and Viral Transport Medium Market ’. According to the report, the global swab and viral transport medium market was valued at US$ 0.9 Bn in 2019 and is projected to expand at a CAGR of ~3% from 2020 to 2030. Viral transport medium (VTM) enables safe transfer of viruses, chlamydia, and mycoplasma for…
Radiofrequency Ablation Devices Market by Product, Geography and Forecast to 202 …
Transparency Market Research (TMR) has published a new report titled, 'Radiofrequency Ablation Devices for Pain Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027'. According to the report, the global radiofrequency ablation devices for pain management market was valued at US$ 543.0 Mn in 2018 and is projected to expand at a CAGR of above 11.0% from 2019 to 2027.
Overview
Radiofrequency ablation is a minimally invasive surgical…
More Releases for America
Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics…
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on…
