The market for cancer monoclonal antibodies was valued at USD 62.0 billion in 2021 and is expected to grow at an 11.2% CAGR from 2022 to 2030. Aside from surgery, chemotherapy, and radiation, monoclonal antibody-based immunotherapy is an important component of cancer treatment. In the last 20 years, mAbs have been recognised as one of the most successful therapeutic approaches for both solid tumours and hematologic malignancies. The rising cancer prevalence, increasing drug approvals, and a robust pipeline are the key factors driving market growth. Millions of people worldwide stand to benefit from both current and future monoclonal antibody-based therapies.
The rising prevalence of cancer, as well as product approvals and a robust pipeline, are driving market growth. Furthermore, an increase in R&D funding in this sector is expected to have an impact on industrial growth. Furthermore, the thriving biosimilar market will provide lucrative opportunities during the forecast period.
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Global Cancer Monoclonal Antibodies Market: Top Key Players
Intas Pharmaceuticals
Bristol-Myers Squibb
Biogen
Sanofi
Pfizer
OncoMed Pharmaceuticals
Amgen
Novartis
AstraZeneca
Bayer
Janssen Biotech
TG Therapeutics
Takeda Pharmaceuticals
Eli Lilly
Merck
F. Hoffmann-La Roche
Boehringer Ingelheim
CTI BioPharma
Global Cancer Monoclonal Antibodies Market: By Types
Humanized Antibodies
Chimeric Antibodies
Global Cancer Monoclonal Antibodies Market: By Applications
Breast Cancer
Blood Cancer
Liver Cancer
Brain cancer
Colorectal Cancer
Others
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
As COVID-19 reached a tipping point in the United States and Europe during the last two weeks of March 2020, its far-reaching consequences were seen across industries and businesses, with hospitals postponing or cancelling cancer treatment procedures and clinical trials. This has slowed market growth to some extent. Manufacturers saw a steady improvement in business in the second half of 2021 as treatment procedures resumed.
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FAQs:
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