The global monoclonal antibodies market size reached US$ 207.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 307.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Monoclonal antibodies (mAbs) are laboratory-produced proteins used to serve as substitute antibodies that can enhance, modify, restore, and mimic the attack of the immune system on unwanted cells. They are utilized for detecting and targetting cancer cells for destruction by enhancing the immune system. They are also employed to block the connection between a cancer cell and proteins that promote cell growth. In addition, they prevent the formation of proteins for enabling immune system cells to work efficiently against cancer cells. Besides this, mAbs transport the radiation treatment directly to cancer cells and minimize the effect of radiation on healthy cells.
Monoclonal Antibodies Market Trends:
At present, the growing prevalence of chronic diseases, such as cancer, heart disease, stroke, diabetes, and arthritis, represents one of the key factors driving the market. Besides this, leading manufacturers are extensively investing in research and development (R&D) activities to introduce enhanced mAb drugs for treating neurodegenerative diseases, such as Alzheimer's, Huntington's, Parkinson's, and Lewy body diseases. They are also focusing on various marketing strategies to expand their customer base, which is contributing to the growth of the market. In addition, the increasing demand for humanized mAbs to treat various antigens, such as cancer cells, immunosuppression, and immunomodulatory molecules, are offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the demand for cost-efficient biosimilar mAbs to treat cancer across the globe. This, along with the burgeoning healthcare industry, is propelling the growth of the market. Moreover, technological advancements in various genetic platforms, such as next-generation sequencing, is offering a positive market outlook. Additionally, there is an increase in the employment of advanced genetic engineering technology in mAbs production around the world. This, coupled with the rising awareness among the masses about the benefits of mAb therapy, is bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global monoclonal antibodiesmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on production method, source, indication and end use.
Breakup by Production Method:
Breakup by Source:
Breakup by Indication:
Breakup by End Use:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AbbVie Inc., Amgen Inc., Biogen Inc., F. Hoffmann-La Roche AG, GSK plc, Johnson & Johnson, Merck KGaA, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Sanofi S.A. and Thermo Fisher Scientific Inc.
Base Year of the Analysis
Production Method, Source, Indication, End Use, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
AbbVie Inc., Amgen Inc., Biogen Inc., F. Hoffmann-La Roche AG, GSK plc, Johnson & Johnson, Merck KGaA, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Sanofi S.A. and Thermo Fisher Scientific Inc.
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Key Questions Answered in This Report
The global monoclonal antibodies market was valued at US$ 207.4 Billion in 2022.
We expect the global monoclonal antibodies market to exhibit a CAGR of 6.9% during 2023-2028.
The growing adoption of monoclonal antibodies as probes to identify materials in laboratories or home-testing kits is primarily driving the global monoclonal antibodies market.
The sudden outbreak of the COVID-19 pandemic has led to the rising utilization of monoclonal antibodies to develop effective and affordable therapies for combating the spread of the coronavirus infection.
Based on the production method, the global monoclonal antibodies market has been segmented into in vivo and in vitro, where in vitro currently exhibits a clear dominance in the market.
Based on the source, the global monoclonal antibodies market can be divided into murine, chimeric, humanized, and human. Currently, human accounts for the majority of the global market share.
Based on the indication, the global monoclonal antibodies market has been segregated into cancer, autoimmune diseases, inflammatory diseases, infectious diseases, and others. Among these, cancer currently exhibits clear dominance in the market.
Based on the end use, the global monoclonal antibodies market can be bifurcated into hospitals, research institutes, and others. Currently, hospitals hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global monoclonal antibodies market include AbbVie Inc., Amgen Inc., Biogen Inc., F. Hoffmann-La Roche AG, GSK plc, Johnson & Johnson, Merck KGaA, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Sanofi S.A., and Thermo Fisher Scientific Inc.
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