(PharmaNewsWire.Com, March 10, 2017 ) According to the report Global Cancer Monoclonal Antibodies Market, published by Market Data Forecast, the global market is projected to reach USD 45 billion by 2020, at a CAGR of 11.2% from 2015 to 2020 Cancer is currently the leading cause of death across the globe. It starts from a single cell in the body genetically transforming a normal cell to a tumour and is eventually spread to other cells. Typically, chemotherapy and drugs are used as a treatment to cure cancer. The pharmaceutical companies concentrate on monoclonal antibodies because of adverse side effect that caused by them.
The emergence of monoclonal antibodies market, offered less toxic and highly efficient therapeutics alternatives. The antibody agents are used to cure a wide array of diseases, especially cancer, autoimmune and inflammatory diseases. They are mono-specific antibodies having identical immune cells that are clone to the single parent cells and are directed to a specific target cell. This customizable feature of the antibodies due to its specific nature can play a critical role in eliminating the cancer cell while sparing the healthy cells. Monoclonal antibodies are more effective in treating cancer than their counter parts like drugs or chemotherapy owing to their adverse side effects.
Increased prevalence of cancer disease is the primary driver for the market. It has led many pharmaceutical companies to invest heavily in monoclonal antibodies due to its customizable nature of attacking only the cancer cell. The other drivers for the market include advancements in target gene selection and genetic sequencing, increasing investments in R&D of genomic studies and specificity of antibodies to target only the cancer cells. There are also hurdles prevailing for the monoclonal antibodies market like strict guidelines by the governments, high costs of development, longer periods required for clinical trials and research & development.
The Cancer Monoclonal Antibodies Market is segmented as following: Based on Application: Liver Breast Brain Blood Hodgkins and Non-Hodgkins lymphoma Colorectal Leukaemia Others Based on Type: Murine Antibodies Chimeric and Humanised Antibodies Fully Humanized Antibodies Based on Conjugate Cancer Therapies: Immunoliposome Radioimmunotherapy ADEPT Immunocytokines Others Geographical Segmentation: North America Cancer Monoclonal Antibodies Market Europe Cancer Monoclonal Antibodies Market Asia-Pacific Cancer Monoclonal Antibodies Market Latin America Cancer Monoclonal Antibodies Market Middle East and Africa Cancer Monoclonal Antibodies Market
The major companies operating in the global Cancer Monoclonal Antibodies Market are Amgen, Bristol Myers Squibb, Roche, Eli Lilly, Immunogen, Novartis, Seattle Genetics, Genmab, glaxosmithkline, and Spectrum Pharmaceuticals.
The Cancer Monoclonal Antibodies Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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