Monoclonal Antibodies Market Size to Surpass USD 390.58 Billion by 2030, Exhibiting a CAGR of 10.2%

Allied Market Research published a report, titled, “Monoclonal Antibodies Market by Source (Murine, Chimeric, Humanized, and Human), Indication (Cancer, Autoimmune Diseases, Inflammatory Diseases, Infectious Diseases, and Others), and End User (Hospitals, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, Monoclonal Antibodies Market was pegged at $146.64 billion in 2020 and is estimated to reach $390.58 billion by 2030, manifesting a CAGR of 10.2% from 2021 to 2030.

Rise in prevalence of various cancer types, increase in demand for cost-efficient biosimilar monoclonal antibodies, and surge in likelihood of epidemic or pandemic outbreaks fuel the growth of the global monoclonal antibodies market. However, low demand in underdeveloped countries hampers the growth to some extent. Nevertheless, several growth opportunities in emerging markets are expected to unlock worthwhile opportunities for the market.

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/A11789

Covid-19 Scenario-

• Increase in necessity for treatments available on a global scale has propelled rapid development of a large number of SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) neutralizing monoclonal antibodies (mAbs).
• As a result, COVID-19 infection boosted growth and opportunities for the key players of the monoclonal antibodies market.

The Human Segment To Dominate Throughout The Forecast Period-

Based on source, the human segment held the highest market share in 2020, with more than two-fifths of the total revenue share. The segment, furthermore, is expected to maintain its dominance throughout the forecast period. In addition, the segment is also expected to manifest the fastest CAGR of 11.0% throughout the forecast period. This is attributed to increase in integration of advanced technology such as phage or yeast display, and transgenic mice, for human monoclonal antibodies generation, increase in usage for treatment of various chronic diseases, employment of advanced genetic engineering technology, increase in government support in infection control & management, and increase in number of product approvals.

The Cancer Segment To Lead The Trail Throughout The Forecast Period-

Based on indication, the cancer segment accounted for the highest revenue share in 2020, holding nearly three-fifths of the total market share in 2020, and is anticipated to lead throughout 2030. The segment, furthermore, is also expected to exhibit the fastest CAGR of 10.7% throughout the forecast period. Increase in prevalence of cancer, and growth in adoption of monoclonal antibodies in cancer treatment drive the growth of the segment. In addition, increase in number of drug pipelines, rise in demand for biosimilar monoclonal antibodies, and surge in awareness level among the patient population regarding cancer treatment procedures further fuels the growth.

Enquiry for Short-term and Long-term Impacts of COVID-19 at: https://www.alliedmarketresearch.com/purchase-enquiry/A11789

North America To Hold The Highest Revenue Share Throughout The Forecast Period-

Based on region, North America held the major share in 2020, with more than two-fifths of the global market. This is due to rise in awareness levels among patients & physicians pertaining to the applications of monoclonal antibodies (mAb) therapy, and rise in approval of blockbuster mAbs for a variety of applications. On the other hand, the market across Asia-Pacific, on the other hand, would cite the fastest CAGR of 11.7% during the forecast period. This is owing to rise in research on biomedical and regenerative medicine, rise in awareness related to monoclonal antibodies, and availability of trained medical professionals.

Key Market Players-

Abbott Laboratories

AstraZeneca

Amgen

Eli Lilly

GlaxoSmithKline

Bayer AG

Johnson & Johnson

Pfizer

Merck & Co.

Novartis

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Procure Complete Report at: https://www.alliedmarketresearch.com/checkout-final/6d5deed9ba7de31c3184c95fecef9bec

We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.