(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 15, 2021, 03:17 /Comserve / -- The global monoclonal antibodies market is expected to reach US$161.7 billion in 2024, increasing at a CAGR of 7.21%, for the duration of 2020-2024.
COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.
The global monoclonal antibodies market is expected to reach US$ 161.7 billion in 2024, increasing at a CAGR of 7.21%, for the duration of 2020-2024. The factors such as, increasing incidences of new cancer cases, escalating sales of biologics, growth in geriatric population, increasing pharmaceutical R & D spending, rise in prevalence of diabetes and upsurge in healthcare expenditure would drive the growth of the market. However, the market growth would be challenged by high cost involved in the development of the therapeutic monoclonal antibodies, threats associated with drugs counterfeiting and legal regulations. A few notable trends include accelerating growth rates of infectious diseases, growth in the pharmaceutical & biotechnology M & A, development of new monoclonal antibodies and emergence of stereo-specific monoclonal antibodies.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Monoclonal Antibodies Market Insights by Latest Trends, Future Growth, Top Companies, Revenue Forecast, Demand Forecast with Potential Impact of COVID-19 (2020-2024)
The global monoclonal antibodies market is very lucrative as there is wide scope for its application for various indications. The rising prevalence of cancer is leading to the demand for humanized monoclonal antibodies as such class of drugs can target cancer cell at rapid speed as well as reduce their multiplication. In addition, monoclonal antibodies have found application in research and development of various novel drugs as well as therapies, which is providing a great opportunity for its market growth across the world.
The fastest growing regional market is North America due to the presence of biopharmaceutical key players and the well-established healthcare infrastructure. It is followed by Europe and Asia Pacific, which also hold considerable share in the global market, owing to the increased application of monoclonal antibodies. Further, the rising number of coronavirus cases is augmenting the need for precise therapeutic options, which is leading to the development of mono-specific and thereby would help the monoclonal antibodies market to grow considerably in coming year.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Monoclonal Antibodies Market Insights by Latest Trends, Future Growth, Top Companies, Revenue Forecast, Demand Forecast with Potential Impact of COVID-19 (2020-2024)
Scope of the report:
The report provides a comprehensive analysis of the global monoclonal antibodies market.
The major regional markets (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Johnson & Johnson, Novartis AG, Merck & Co., AbbVie Inc., Bristol-Myer Squibb and Amgen AG) are also presented in detail.
Key Target Audience:
Monoclonal Antibodies Manufacturers
Pharmaceuticals and Biopharmaceutical Firms
End Users (Hospitals and Research Institutes)
Investment Banks
Healthcare and Medical Consultants.
Government Bodies & Regulating Authorities
TABLE OF CONTENT
1. Overview
1.1 Introduction
1.2 Types of Monoclonal Antibodies
1.3 Source of Monoclonal Antibodies
1.4 Advantages and Disadvantages of Monoclonal Antibodies
1.5 Monoclonal Antibodies Applications
1.6 Monoclonal Antibody Production Process
2. Impact of COVID-19
2.1 Rise in COVID-19 Death Toll
2.2 Growth in Government Spending on Healthcare
2.3 Adoption of Plasma Therapy
2.4 COVID-19 Monoclonal Antibody Candidate Drugs in Trial
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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