(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Bispecific Antibodies Market size & share revenue was valued at approximately USD 6.2 Billion in 2023 and is expected to reach USD 7.7 Billion in 2024 and is expected to reach around USD 53.8 Billion by 2033, at a CAGR of 24.1% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Roche Holding AG, Amgen Inc., Novartis AG, Merck & Co. Inc., Regeneron Pharmaceuticals Inc., Genentech Inc., Eli Lilly and Company, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Ablynx NV (A Sanofi Company), MorphoSys AG, Xencor Inc., Gilead Sciences Inc., AstraZeneca plc, Pfizer Inc., and others.Austin, TX, USA, April 04, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “ Bispecific Antibodies Market Size, Trends and Insights By Application (Cancer Therapy, Autoimmune Diseases), By Mechanism of Action (T-cell Engagement, Dual Target Binding), By Type (IgG-Like Molecules, F(ab)2-Like Molecules), By Target Antigens (CD3/CD19 BsAbs, HER2/CD3 BsAbs), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 ” in its research database.
“According to the latest research study, the demand of global Bispecific Antibodies Market size & share was valued at approximately USD 6.2 Billion in 2023 and is expected to reach USD 7.7 Billion in 2024 and is expected to reach a value of around USD 53.8 Billion by 2033, at a compound annual growth rate (CAGR) of about 24.1% during the forecast period 2024 to 2033.”
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Bispecific Antibody Market: Growth Factors and Dynamics
Increasing Focus on Cancer Immunotherapy : The Bispecific Antibody market is experiencing growth due to the rising emphasis on cancer immunotherapy. BsAbs play a crucial role in redirecting immune cells to target cancer cells, offering innovative and effective treatment options for various cancers.
Expanding Applications in Autoimmune Diseases : The market is expanding as BsAbs find applications beyond oncology, such as in autoimmune diseases. Their ability to modulate immune responses makes them promising candidates for treating disorders like rheumatoid arthritis and lupus.
Advancements in Antibody Engineering : Ongoing advancements in antibody engineering techniques contribute to market growth. Innovations in BsAb design, such as improving stability, specificity, and reducing immunogenicity, enhance their therapeutic potential and drive adoption.
Increased Research and Development Activities : Growing research and development activities in the biopharmaceutical sector fuel market dynamics. Pharmaceutical companies and research institutes are investing in BsAb development, leading to a pipeline of novel candidates, and expanding treatment options.
Strategic Collaborations and Partnerships : The market is influenced by strategic collaborations and partnerships among pharmaceutical companies and research institutions. These collaborations aim to combine expertise, resources, and technology to accelerate the development and commercialization of BsAbs.
Rising Investment in Biopharmaceuticals : The overall growth in the biopharmaceutical sector, coupled with increased investment in novel therapeutic approaches, drives the BsAbs market. The demand for more targeted and personalized treatment options supports the market's positive trajectory, with BsAbs playing a pivotal role in this landscape.
Potential for Combination Therapies : BsAbs offer the potential for combination therapies, where they can be used in conjunction with other treatment modalities. This versatility and adaptability contribute to the market's growth as researchers explore synergistic effects and improved treatment outcomes through combination approaches.
Rising Incidence of Chronic Diseases : The increasing prevalence of chronic diseases, particularly cancer and autoimmune disorders, is a significant growth factor. BsAbs addresses the unmet medical needs in these disease areas, providing a targeted and specific approach to enhance therapeutic efficacy, leading to increased adoption in clinical settings.
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Bispecific Antibody Market: Partnership and Acquisitions
In 2022, Janssen Pharmaceutical obtained conditional marketing authorization from the European Medicines Agency's CHMP for Teclistamab in multiple myeloma patients. Simultaneously, the company submitted a Biologics Licence Application (BLA) to the US FDA, seeking approval for this innovative medication, marking a significant step towards making Teclistamab available for patients globally.
In 2022, Genentech received FDA approval for a fixed-duration bispecific antibody for patients diagnosed with relapsed/refractory diffuse large B-cell lymphoma. This development represents a notable advancement in treatment options, providing a targeted and time-limited therapeutic approach for individuals facing this challenging medical condition.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 7.7 Billion |
| Projected Market Size in 2033 | USD 53.8 Billion |
| Market Size in 2023 | USD 6.2 Billion |
| CAGR Growth Rate | 24.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, Mechanism of Action, Type, Target Antigens and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
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(A free sample of the Bispecific Antibodies report is available upon request; please contact us for more information.)
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Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology
(Please note that the sample of the Bispecific Antibodies report has been modified to include the COVID-19 impact study prior to delivery.)
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Bispecific Antibody Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Bispecific Antibodies (BsAbs) Market , with the industry experiencing both positive and negative effects. Here are some of the key impacts:
Clinical Trial Disruptions : The COVID-19 pandemic disrupted many ongoing clinical trials, impacting the development and progress of BsAbs candidates. Delays in patient recruitment, site closures, and prioritization of COVID-related research diverted resources away from BsAbs programs.
Supply Chain Disruptions : The pandemic led to disruptions in the global supply chain, affecting the production and distribution of pharmaceutical products, including BsAbs. Issues such as shortages of raw materials, transportation delays, and restrictions on international trade impacted the market.
Resumed Clinical Trials : As the healthcare system adapted to the challenges posed by the pandemic, many clinical trials, including those related to BsAbs, resumed with modified protocols. Virtual and decentralized trial approaches gained prominence, contributing to the recovery of research and development activities.
Accelerated Regulatory Approvals : Regulatory agencies adopted more flexible approaches to accommodate the impact of the pandemic. Expedited review processes and increased collaboration between industry and regulatory bodies facilitated faster approvals for BsAbs, expediting their entry into the market.
Increased Investment in Biopharmaceuticals : The recognition of the importance of biopharmaceuticals, including BsAbs, in addressing healthcare challenges has led to increased investment. Funding support, both public and private, has played a role in accelerating research, development, and commercialization efforts in the post-pandemic recovery phase.
Strategic Collaborations and Partnerships : The industry witnessed an uptick in strategic collaborations and partnerships post-COVID-19. Collaborative efforts between pharmaceutical companies, research institutions, and other stakeholders aimed at overcoming challenges, pooling resources, and advancing BsAbs development, contributing to market recovery.
Increased Demand for Targeted Therapies : The pandemic heightened awareness of the importance of targeted therapies, and BsAbs, with their precise targeting capabilities, gained significance. The focus on personalized medicine and therapies with minimal side effects has accelerated the demand for BsAbs, contributing to the market's recovery as healthcare priorities adapt to the post-pandemic landscape.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Bispecific Antibodies (BsAbs) Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
What is the size of the Bispecific Antibodies market and what is its expected growth rate? What are the primary driving factors that push the Bispecific Antibodies market forward? What are the Bispecific Antibodies Industry's top companies? What are the different categories that the Bispecific Antibodies Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Bispecific Antibodies market sample report and company profiles?
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Market Share, Size & Forecast by Revenue | 2024−2033 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Bispecific Antibodies Market – Regional Analysis
The Bispecific Antibody Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
North America : In North America, the Bispecific Antibodies market is marked by a trend towards increased collaborations between pharmaceutical companies and academic institutions. Robust investment in research and development, coupled with a focus on personalized medicine, is driving the region's BsAbs market. The push for regulatory efficiency and accelerated approvals also characterizes this region, fostering a dynamic and competitive landscape.
Europe : Europe's BsAbs market trends include a strong emphasis on regulatory compliance and adherence to stringent quality standards. The region witnesses a growing interest in biosimilars and cost-effective therapeutic solutions, leading to increased competition. Collaborations between European biopharmaceutical companies and global partners contribute to a diverse and innovative market, while healthcare systems prioritize sustainable and accessible BsAbs therapies.
Asia-Pacific : In the Asia-Pacific region, the BsAbs market is characterized by a surge in clinical trials and research activities, particularly in emerging economies. Countries like China and Japan are at the forefront of technological advancements in antibody engineering. The market experiences a trend towards partnerships with global pharmaceutical companies, contributing to the region's increasing role in BsAbs development and commercialization.
LAMEA (Latin America, Middle East, and Africa) : LAMEA's BsAbs market trends involve a focus on addressing regional healthcare disparities through increased access to advanced therapeutics. The region sees a rising demand for affordable treatment options, prompting collaborations between local and international players. Additionally, initiatives to enhance healthcare infrastructure and capabilities contribute to the market's growth, with a focus on expanding BsAbs applications in diverse therapeutic areas.
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List of the prominent players in the Bispecific Antibody Market :
Roche Holding AG Amgen Inc. Novartis AG Merck & Co. Inc. Regeneron Pharmaceuticals Inc. Genentech Inc. Eli Lilly and Company Johnson & Johnson Takeda Pharmaceutical Company Limited Ablynx NV (A Sanofi Company) MorphoSys AG Xencor Inc. Gilead Sciences Inc. AstraZeneca plc Pfizer Inc. Others
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The Bispecific Antibody Market is segmented as follows:
By Application
Cancer Therapy Autoimmune Diseases
By Mechanism of Action
T-cell Engagement Dual Target Binding
By Type
IgG-Like Molecules F(ab)2-Like Molecules
By Target Antigens
CD3/CD19 BsAbs HER2/CD3 BsAbs
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Regional Coverage:
North America
U.S. Canada Mexico Rest of North America
Europe
Germany France U.K. Russia Italy Spain Netherlands Rest of Europe
Asia Pacific
China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa
Latin America
Brazil Argentina Rest of Latin America
This Bispecific Antibodies Market Research/Analysis Report Contains Answers to the following Questions .
Which Trends Are Causing These Developments? Who Are the Global Key Players in This Bispecific Antibodies Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Bispecific Antibodies Market? What Was the Capacity, Production Value, Cost and PROFIT of the Bispecific Antibodies Market? What Is the Current Market Status of the Bispecific Antibodies Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Bispecific Antibodies Market by Considering Applications and Types? What Are Projections of the Global Bispecific Antibodies Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Bispecific Antibodies Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Bispecific Antibodies Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Bispecific Antibodies Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Bispecific Antibodies Industry?
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Reasons to Purchase Bispecific Antibodies Market Report
Bispecific Antibodies Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Bispecific Antibodies Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Bispecific Antibodies Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Bispecific Antibodies Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Bispecific Antibodies market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Bispecific Antibodies market analysis.
The competitive environment of current and potential participants in the Bispecific Antibodies market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Bispecific Antibodies market should find this report useful. The research will be useful to all market participants in the Bispecific Antibodies industry. Managers in the Bispecific Antibodies sector are interested in publishing up-to-date and projected data about the worldwide Bispecific Antibodies market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Bispecific Antibodies products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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