Global Monoclonal Antibody Therapy Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Source;

Recombinant, Chimeric, Humanized, Human and Other.

By Application;

Diagnostic Test, Analytical And Chemical Uses, Cancer Treatment, Autoimmune Diseases, Hematological Disorders and Others.

By End User;

Hospitals, Clinics, Research Laboratories and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn328040808 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Monoclonal Antibody Therapy Market (USD Million), 2020 - 2030

In the year 2023, the Global Monoclonal Antibody Therapy Market was valued at USD 229,649.16 million. The size of this market is expected to increase to USD 603,473.33 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 14.8%.

Since the landmark commercialization of the first therapeutic monoclonal antibody product in 1986, the field of biopharmaceuticals has witnessed remarkable growth and innovation. As of November 10, 2014, a total of forty-seven monoclonal antibody products had received approval in either the United States or Europe for the treatment of a diverse range of diseases spanning oncology, autoimmune disorders, infectious diseases, and more. Notably, many of these products have also obtained regulatory approval for marketing in other global markets, underscoring the widespread adoption and global impact of monoclonal antibody therapies.

The pace of monoclonal antibody product approvals has remained robust, with approximately four new products entering the market each year. Based on this approval rate, projections suggest that the total number of monoclonal antibody products available on the market could reach around 70 by the year 2020. This exponential growth reflects the continued investment in research and development by biopharmaceutical companies, as well as advances in biotechnology and antibody engineering that have facilitated the rapid expansion of the monoclonal antibody product pipeline. Furthermore, the expanding repertoire of monoclonal antibody therapies offers healthcare providers and patients a broader array of treatment options, addressing unmet medical needs and improving patient outcomes across various therapeutic areas. As the field continues to evolve, with ongoing efforts to optimize therapeutic efficacy, enhance safety profiles, and expand indications, the future of monoclonal antibody therapy holds great promise for revolutionizing the landscape of modern medicine and transforming patient care on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Monoclonal Antibody Therapy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Therapeutic Efficacy
        2. Increasing Prevalence of Chronic Diseases
        3. Technological Advancements
        4. Growing Pipeline of Monoclonal Antibodies
        5. Favorable Regulatory Environment
      2. Restraints
        1. High Development Costs
        2. Immunogenicity and Safety Concerns
        3. Patent Expirations and Biosimilar Competition
        4. Limited Access in Emerging Markets
        5. Manufacturing Complexities
      3. Opportunities
        1. Expansion into New Therapeutic Areas
        2. Personalized Medicine Approaches
        3. Adoption of Combination Therapies
        4. Market Expansion in Emerging Economies
        5. Focus on Biosimilars and Biobetters
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Global Monoclonal Antibody Therapy Market, By Source, 2020 - 2030 (USD Million)
      1. Recombinant
      2. Chimeric
      3. Humanized
      4. Human
      5. Other
    2. Global Monoclonal Antibody Therapy Market, By Application, 2020 - 2030 (USD Million)
      1. Diagnostic Test
      2. Analytical And Chemical Uses
      3. Cancer Treatment
      4. Autoimmune Diseases
      5. Hematological Disorders
      6. Others
    3. Global Monoclonal Antibody Therapy Market, By End User, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Clinics
      3. Research Laboratories
      4. Others
    4. Global Monoclonal Antibody Therapy Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbvie Inc.
      2. Amgen Inc
      3. Glaxosmithkline Plc
      4. Merck Kgaa
      5. Novartis Ag
      6. Others
  7. Analyst Views
  8. Future Outlook of the Market