Bispecific Antibody Market is expected to reach US$ 1 billion by 2033, at a CAGR of 7.2%

The global Bispecific Antibody Market is expected to reach US$ 500 million by the end of 2023, and US$ 1 billion by 2033, representing a 7.2% CAGR.

The Bispecific Antibody business has benefited greatly from antibody engineering. Significant progress has been achieved in generating innovative antibody formats and engineering procedures that allow the creation of bispecific antibodies with improved efficacy and stability in recent years. Advances in recombinant DNA technology and protein engineering, for example, have permitted the development of bispecific antibodies with enhanced pharmacokinetics, lower immunogenicity, and higher tumour penetration.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Bispecific Antibody Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Bispecific Antibody market.

Key Bispecific Antibody Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2033.
• Germany Bispecific Antibody market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2023 to 2033.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Bispecific Antibody Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Bispecific Antibody market. It also studies the impact of these dynamics on the market for the previous assessment period 2018 to 2022 to forecast the scope of market growth over the coming forecast period 2023 to 2033.
• Bispecific Antibody Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Bispecific Antibody market. As per the survey, Bispecific Antibody sales will project steady growth over the forecast period.
• Bispecific Antibody Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Bispecific Antibody market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Bispecific Antibody Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Bispecific Antibody market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Bispecific Antibody market.

Some of the prominent market players are profiled by FMI are:

• Sonafi S.A.
• AbbVie Inc.
• Pfizer Inc.
• Johnson & Johnson
• Portola Pharmaceuticals
• Bristol-Myers Squibb
• Others

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Bispecific Antibody Market Segmentation

The global Bispecific Antibody market is classified based on drug type, indication, distribution channel and region.

By Drug Type:

• Blinatumomab
• Catumaxomab
• Duligotumab

By Indication:

• Cancer
• Infectious Disease
• Inflammatory and Autoimmune Disorders
• CNS Disorders

By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Drugstores
• Online Pharmacies

Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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