The Global Monoclonal Antibody Market is expecting an impressive growth rate following the demand for targeted immunotherapy at 10.5% CAGR during the forecast period (2016-2022), asserts Market Research Future (MRFR) in a well-articulated paper. Monoclonal antibodies, a prominent example of the advancements made by the healthcare sector, can revamp the treatment process of many diseases in the near future. Derived from the identical immune cells, monoclonal antibodies are mimetic representation or clones of a unique parent cell that can assist researchers in destroying cells that are causing disruption in the body.
Drivers and Restraints:
Monoclonal antibody mostly finds use in the treatment of chronic diseases such as chronic rheumatoid arthritis, osteoporosis, Crohn’s disease, systematic lupus erythematosus, psoriasis, and cancer. The benefit of this therapy is that it targets a very particular region where the diseased cells have affected the most and annihilate those cells without harming the safe ones. Prevalence of cancer is also boosting the market directly.
Investments in research and developments can also be seen as market influencers. In Europe and North America, the authorities are spending heavily on developing the latest technologies in this field. Governments’ involvement in giving timely accreditation and permission for commercialization of the medicines is expected to boost the market significantly.
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However, the manufacturing process is quite expensive and challenging which seems even more daunting when considered against the backdrop of patents of monoclonal antibodies getting expired. Biosimilars manufactured for the same reason for treating the chronic diseases are also giving these antibodies steep competition. These factors can put a rein on the otherwise burgeoning monoclonal antibody market.
Recent developments in monoclonal antibody researches have led to a few drug launches such as FDA’s approval of Erenumab, a drug for migraine headaches. On the other hand, AbbVie and Eisai have announced the launch of the Humira pen, an auto-injector formulation that can help the patient in managing the intake of medicines by themselves.
The global monoclonal antibody therapy market can be segmented by source, application, and end-users.
Source-wise, the market includes recombinant, chimeric, humanized, human, and other. Human monoclonal antibodies are now in high demand as it is more effective than the conventional recombinant, chimeric, or humanized ones. This type of antibodies is much closer to what the human beings need as medicine for themselves.
Application-based, segmentation includes diagnostic test, analytical and chemical uses, cancer treatment, autoimmune diseases, hematological disorders, and others. Cancer has the largest application sector as the prevalence of this chronic disease is boosting the market much ahead.
Based on end-users, the market includes hospitals, clinic, research laboratories and others. Research laboratories and hospitals are getting much attention as the government is funding for the advancement of this particular area of study in the hope of finding further solutions for other diseases.
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Much of the market expansion depends on merger and acquisition. For instance, Bayer AG has recently acquired Monsanto to expand their portfolio. GlaxoSmithKline has also made an agreement with Novartis to take over their consumer healthcare business.
The key players of this market are AbbVie Inc., Amgen Inc., Bayer AG, Biogen Inc., Bristol–Myers Squibb Company, F. Hoffmann-La Roche Ltd., GenScript, GlaxoSmithKline Plc., Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, Sigma-Aldrich Co. LLC, and others
Region-wise the market spans across North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
North America has the largest monoclonal antibody market as the region has a well-developed research and healthcare facility with sophisticated technology that is allowing the market to grow. The region is also adopting the methods quite quickly in order to treat the chronic diseases.
Europe is the second largest market for monoclonal antibody where the rise in geriatric population and prevalent chronic diseases are boosting the market.
The APAC is about to become the fastest growing region during the forecast period. Much of the region’s progress depends on government initiatives that have spurred researches and treatment procedures. New product launches are also helping the region further to expand the monoclonal antibody market.
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