Key Factor Supporting Next Generation Drug Conjugates Market Development in 2025: Rising Prevalence Of Cancer Is Driving The Growth Of The Next Generation Drug Conjugates Market

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How Large Will the Next Generation Drug Conjugates Market Size By 2025?
The market size of next-generation drug conjugates has seen a remarkable increase in recent years. The market, which is expected to escalate from $2.15 billion in 2024 to $2.47 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 14.8%. Factors contributing to growth during the historical phase include a deeper knowledge of tumor biology, the effectiveness of preliminary drug conjugates, a rise in oncology, an upsurge in investment and funding, and enhanced patient advocacy and awareness.

How Big Is the Next Generation Drug Conjugates Market Size Expected to Grow by 2029?
The market size for next generation drug conjugates is anticipated to witness a swift expansion in the upcoming years, projected to increase to "$4.41 billion in 2029 with a compound annual growth rate (CAGR) of 15.6%. The increase during the forecast period is linked to the rise in combined treatment methods, enlargement of clinical studies, attention to uncommon illnesses, strategic partnerships, and the emergence of bioinformatics tools. Noteworthy trends anticipated during this forecast period include the progression in monoclonal antibody technology, combined therapies with JAK inhibitors, application of artificial intelligence in drug discovery, production of biosimilars, and breakthroughs in subcutaneous formulations.

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Which Key Market Drivers Powering Next Generation Drug Conjugates Market Expansion and Growth?
The anticipated increment in cancer cases is projected to fuel the expansion of the next-generation drug conjugates market. Cancer is a disease featuring the unrestrained proliferation and dissemination of abnormal cells within an organism. The surge in cancer cases is predominantly a result of factors like aging demographics, lifestyle influences, environmental exposures, enhanced detection methods, genetic predispositions, and infectious agents. Next-generation drug conjugates work to combat cancer by providing targeted treatments directly to the cancer cells, thereby maximizing therapeutic effectiveness while curtailing the harm to healthy tissues. For example, a publication presented by the Australian Institute of Health and Welfare in August 2024 stated that by 2034, Australia would see around 209,000 new cases of cancer, a substantial rise from the projected 169,000 cases set for 2024. This elevation evidences the influence of a growing population and escalating cancer rates. As such, the escalating incidence of cancer is stimulating the expansion of the next-generation drug conjugates market.

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What Are the Key Trends Driving Next Generation Drug Conjugates Market Growth?
Leading firms in the next-generation drug conjugates market are engaging in strategic collaborations to boost their research and development prowess, expedite product innovation, and broaden their market footprint. These strategic partnerships involve companies harnessing each other's assets and strengths to reap mutual advantages and triumphs. For example, Prelude Therapeutics Incorporated, an American clinical-stage precision oncology firm, joined forces with AbCellera Biologics Inc., a Canadian biotech company, in November 2023, to create industry-leading precision antibody-drug conjugates (ADCs) for cancer treatment. This collaboration will focus on the discovery, development, and sale of breakthrough antibody-drug conjugates (ADCs), beginning with a program concentrating on a SMARCA degrader bound to a novel antibody. This plan is designed to extend the therapeutic uses of Prelude's selective SMARCA2 degraders to a larger patient demographic, particularly those suffering from cancers not associated with SMARCA4 mutations.

What Are the Emerging Segments in the Next Generation Drug Conjugates Market?
The next generation drug conjugates market covered in this report is segmented -

1) By Next-Generation Drug Conjugates Type: Peptide Receptor Radionuclide Therapy, Ligand Mediated RNAI Conjugate, Ligand Conjugated Anti Sense Medicine, Peptide Drug Conjugate
2) By Targeting Ligand Type: Amino Sugar, Lipid, Peptide, Small Molecule, Virus-Like Particles
3) By Payload Type: Oligonucleotide, Radionuclide, Peptide, Small Molecule
4) By Therapy: Monotherapy, Combination Therapy
5) By Indication: Gastroenteropancreatic Neuroendocrine Tumors, Prostate Cancer, Leptomeningeal Carcinomatosis Caused By Breast Cancer Brain Metastases, Hereditary Transthyretin Amyloidosis, Atherosclerotic Cardiovascular Diseases, Severe Hypertriglyceridemia, Hereditary Angioedema, Acute Hepatic Porphyria, Other Indications

Subsegments:
1) By Peptide Receptor Radionuclide Therapy (PRRT): Somatostatin Analogues, Radiolabeled Peptides
2) By Ligand Mediated RNAi Conjugate: SiRNA Ligand Conjugates, ShRNA Ligand Conjugates
3) By Ligand Conjugated Anti-Sense Medicine: Oligonucleotide Ligand Conjugates, Antisense Oligonucleotide Ligand Conjugates
4) By Peptide Drug Conjugate: Cytotoxic Peptide Conjugates, Therapeutic Peptide Conjugates

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Who Are the Global Leaders in the Next Generation Drug Conjugates Market?
Major companies operating in the next generation drug conjugates marker are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Novartis International AG, AstraZeneca PLC, Daiichi Sankyo Company Limited, Eisai Co Ltd., Bicycle Therapeutics plc, Zymeworks Inc., Genentech Inc., MacroGenics Inc., Abzena plc, Innate Pharma S.A., CytomX Therapeutics Inc., ImmunoGen Inc., Ascentage Pharma Group International, Mersana Therapeutics Inc., Antengene Corporation Limited, Nurix Therapeutics Inc., Tubulis GmbH

Which are the Top Profitable Regional Markets for the Next Generation Drug Conjugates Industry?
North America was the largest region in the next generation drug conjugates market in 2024. The regions covered in the next generation drug conjugates marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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