Recombinant Therapeutic Antibodies & Proteins Market Set for Rapid Growth and Trend by 2023
Restraint to the growth of the market includes lack of variety in formulations as most the recombinant antibodies and proteins can only be administered via injections. There are several problems associated with the administration of protein drug via injection such as it increases the overall cost of the treatment, need of trained caregiver during the course of treatment barring a few such as insulin and others. Additionally patent expiration of branded drugs and budget constraints are another major factor limiting the growth and exploration of application areas.
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Geographically the market is largely dominated by the developed economic regions such as North America and Europe owing to rapid growth of the biotechnology derived techniques in these two regions. Additionally significant research support in terms of infrastructure and funding has also driven recombinant therapeutic antibodies and proteins market in past one decade. Emerging markets such as Asia Pacific and Rest of the World market are expected to be the fastest growing market pertaining to developing economic scenario and increasing demand for therapeutics market. Owing to such reforms and growth in developing economic countries have successfully contributed in attracting prominent players to these regions as a strategy to increase customer base and business expansion.
Major branded monoclonal antibodies in the market include Rituxan (rituxumab), Synagis (Palivizumab), Campath (Alemtuzumab), Erbitux (Cetuximab). Whereas branded therapeutic proteins in the market comprises Levemir (Datemir insulin), Neulasta (PEG-Filgrastim), Enbrel (Etanercept), Ontak (rIL2-diptheria toxin) and others. Recombinant proteins currently in clinical trial phase include AERAS-404, Interferon alpha2a Fusion Protein, Anakinra, Aldesleukin and others.
Some of the prominent players operating in the global recombinant therapeutic antibodies and protein market include Bristol-Myers Squibb, Celldex Therapeutics, Inc., Eli Lilly and Company, GlaxoSmithKline plc, Merck & Co., Inc., Novartis International AG, Schering AG, Johnson & Johnson and others.
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