Trailblazing Progress: Cancer Monoclonal Antibodies Market on Course for $95.99 Billion

The Cancer Monoclonal Antibodies by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cancer Monoclonal Antibodies, The cancer monoclonal antibodies market size has grown rapidly in recent years. It will grow from $59.98 billion in 2023 to $66.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%.  The  growth in the historic period can be attributed to  emerging markets growth, increase in r&d expenditure, increased geriatric population, and increased preference for biological treatments..

The cancer monoclonal antibodies market size is expected to see strong growth in the next few years. It will grow to $95.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.  The growth in the forecast period can be attributed to increasing prevalence of cancer, expanding global access, and rise in healthcare expenditure will drive the growth.. Major trends in the forecast period include  product innovation through strategic collaborations, technological advancements, developing humanized cancer monoclonal antibodies, investments in ai to reduce r&d costs and save drug development time, and r&d investments..

The rise in the number of cancer cases across the globe is likely to contribute to the growth of the cancer monoclonal antibody market. For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for growth of the cancer monoclonal antibody market.

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The cancer monoclonal antibodies market covered in this report is segmented –

1) By Monoclonal Antibody Therapies: Avastin, Herceptin, Keytruda, Opdivo, Darzalex, Perjeta, Others
2) By Application: Breast Cancer, Blood Cancer, Lung Cancer, Brain Tumor, Colorectal Cancer, Cervical Cancer, Gastric Cancer, Others
3) By End-User : Hospitals, Research Laboratories, Others

Companies in the cancer monoclonal antibody market are increasing their product innovation through strategic collaborations. To sustain themselves in the increasingly competitive market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated with academic and research institutions in this market by way of partnerships and in- or out-licensing deals, this trend has been increasing over the past few years. For instance, in March 2023, BioNTech SE, a Germany-based biotechnology research company, partnered with OncoC4, Inc. to jointly develop and market an innovative checkpoint antibody across various solid tumor indications. Through this partnership, BioNTech will obtain an exclusive worldwide license for the ONC-392 anti-CTLA-4 monoclonal antibody from OncoC4. Joint Development Planned for Solid Tumor Indications, Including a Phase 3 Trial in 2023 BioNTech to Explore Combination Therapies and Provide $200 Million Upfront Payment and Royalty Payments to OncoC4 with Potential Milestone OncoC4, Inc. is a US-based clinical-stage biopharmaceutical company specializing in biologicals for cancer treatment.

The cancer monoclonal antibodies market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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