Data Bridge Market Research has conducted a recent comprehensive market intelligence study, meticulously analyzing the Monoclonal Antibodies Market. The freshly published report features an engaging layout presenting crucial data through visually compelling tables, graphs, charts, and figures.

This market research report on Monoclonal Antibodies emphasizes current trends, cutting-edge techniques, market forecasts, and market share for the projected period, ultimately enhancing the fundamental decision-making processes within the industry. The report encompasses an overview that includes sub-factors such as constraints, drivers, risks, opportunities, investment prospects, challenges, and recommendations. It delves into pricing strategies, geographical insights, key strategies, competitive company analysis, development plans, and various financial systems within the Monoclonal Antibodies market. Various products available in the market are tracked concerning production volume, revenue, market structure, and demand and supply statistics.

The information utilized in the Monoclonal Antibodies report is derived from reliable sources such as journals, websites, and companies' annual reports, which have been thoroughly examined and validated by industry experts. The market's available vendors compete based on price, quality, brand, product differentiation, and product portfolio. By referencing this report, vendors can significantly emphasize product advancements. The report provides a detailed analysis of the evolving competitive landscape, keeping the reader ahead of their competitors. The data is presented through various tables, graphs, and pie-charts for easy comprehension.

Data Bridge Market Research analyses that the monoclonal antibodies market was valued at USD 180.5 billion in 2021 and is expected to reach USD 493.61 billion by 2029, registering a CAGR of 13.40% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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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)

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