Get a Sample Research Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-monoclonal-antibodies-market
Over the last few years, various monoclonal antibodies targeting immunological checkpoints such as CTLA-4, PD-1, and PD-L1 have been approved, each with its own mode of action. Manufacturers are concentrating their efforts on creating medications from many classifications to treat various disorders, from cancer to rare diseases. Monoclonal antibodies combined with chemotherapeutic drugs are increasingly being used to treat various malignancies. For instance, the United States Food and Drug Administration (FDA) approved Darzalex (daratumumab) in combination with pomalidomide and dexamethasone in 2017 to treat patients with multiple myeloma who had previously received two treatments.
Key Growth Drivers:
- Rise in the prevalence of cancer
The surging prevalence of cancer is a major factor driving the monoclonal antibodies market's growth rate during the forecast period of 2022-2029. Monoclonal antibodies are becoming increasingly used in the treatment of many cancers in industrialized countries, owing to the rapid rise of the worldwide monoclonal antibody market. As per the GOLOBOCAN 2020 research, there were 19.3 million new cancer diagnoses and approximately 10 million cancer-related deaths worldwide.
- Emergence of COVID-19 pandemic
The emergence of COVID-19 pandemic is anticipated to propel the ' 'market's growth rate. The sudden increase in the number of people with COVID-19 and the related mortality risk has prompted the development of viable treatments. Furthermore, due to the virus's potential to reduce disease burden, various industry participants are actively involved in the development of novel monoclonal antibodies for prevention and therapy of COVID-19 virus.
Furthermore, rising initiatives by public and private organizations to spread awareness and rising healthcare expenditure will expand the monoclonal antibodies market. Additionally, sedentary lifestyle of people and surging geriatric population will result in the expansion of monoclonal antibodies market. Along with this, rising demand for personalized medicine and surging prevalence of chronic and infectious diseases will enhance the market's growth rate.
The report outlines the involvement of key players, including:
Pfizer Inc. (U.S.), GlaxoSmithKline plc (U.K.), Novartis AG (Switzerland), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd.(Israel), Sanofi (France), F. Hoffmann-La Roche Ltd. (Switzerland), Zydus Cadila (India), Lupin (India), Amneal Pharmaceuticals LLC. (U.S.), Regeneron Pharmaceuticals Inc. (U.S.), Biogen (U.S.), Eli Lilly and Company (U.S.), AbbVie Inc. (U.S.), Eisai Co., Ltd. (Japan), Amgen Inc. (U.S.), Bayer AG (Germany), Bristol-Myers Squibb Company (U.S.), AstraZeneca (U.K.), Johnson Johnson Private Limited (U.S.)
Key Market Segmentation
Production Methods (In Vivo, In Vitro), Source (Murine, Chimeric, Humanized, Human, Others), Indication (Cancer, Autoimmune Diseases, Inflammatory Diseases, Infectious Diseases, Others), Route of Administration (Intravenous, Subcutaneous, Intravitreal, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
The Monoclonal Antibodies market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:
- North America: United States, Canada, and Mexico.
- Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
- Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
- Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
- South America: Brazil, Argentina, and other countries in South America.
Know More about This Premium Research Report @ https://www.databridgemarketresearch.com/reports/global-monoclonal-antibodies-market
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
Contact Us
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com
