Cancer Monoclonal Antibody Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

Cancer Monoclonal Antibody Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global cancer monoclonal antibody market provides qualitative and quantitative analysis for the period from 2021-2030. The monoclonal antibody market was valued at around USD 51.2 billion in 2022 and is expected treach USD 93.5 billion in 2030, with a CAGR of 6.8% during the forecast period 2023-2030. The study on cancer monoclonal antibody market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Monoclonal Antibody (mAb) are artificially engineered molecules that mimic the immune system's ability tcombat infections by precisely targeting particular pathogens. The process involves extracting B cells from a host exposed ta specific antigen, and fusing these cells with cancer cells tgenerate hybridomas responsible for producing the desired antibodies. These hybridomas undergscreening, cloning, and large-scale cultivation tproduce abundant monoclonal antibodies, subsequently refined through purification for diverse applications. The field continues tevolve, with ongoing innovations enhancing their effectiveness and broadening their scope across medical treatment and scientific investigations. Additionally, an increase in cancer cases is anticipated tdrive the monoclonal antibody market. Also, improper work-life balance, unhealthy lifestyle, uncontrolled drug consumption, chemical exposure, and food habits including heavy fat diet and saturated food consumption lead tcancer, thereby it expands the monoclonal antibody market.

Among the above segments, breast cancer is anticipated tdominate the cancer monoclonal antibody market. For instance, according ta report shared by (World Cancer Research Fund International) Breast Cancer was the most common cancer in women worldwide contributing 25.4 % of the total number of new cases diagnosed worldwide. Due tadvancements in healthcare technology life expectancy is increased, and obesity, drinking habits, and smoking habits due timproper work-life balance are factors that lead tthe risk of breast cancer. Also, the risk of breast cancer rises after 55 years of age, radiological exposure, and hormone replacement therapy are responsible for breast cancer, these are factors that make breast cancer more prevalent and thereby create the demand for cancer treatment, which ultimately drives the cancer monoclonal antibody market.

The cancer monoclonal antibodies are segmented intAsia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is predicted tdominate the cancer monoclonal antibodies market over the forecast period. Across North America, multiple well-developed and various industries, such as agriculture, construction, chemicals, medicines, and food processing, are present. According testimates from American Health Ranking 2021, there are more than 55.8 million adults in the U.S., whare 65 or older, making up over 16.8% of the total population. In North America advancement in healthcare technologies is responsible for the rising geriatric population, which leads tan increase in diseases such as cancer, which is driving the cancer monoclonal antibody market. In 2023, the United States announced an increase of 12.7% in investment in research and development. In comparison t2022, is anticipated tfurther research on the cancer monoclonal antibody market. Food habits in North American countries include heavy fat, saturated fat-containing products such as hot dogs, salami, lunch meats, jerky, bacon, and other cured meat items that will lead tcancer. This creates a high demand for cancer treatment, which will further drive the cancer monoclonal antibody market. As a result, the above-mentioned factors, rising cancer cases, and investment in R&D will continue texpand the market.

Report Findings

1) Drivers

The market experiences growth propelled by the rising incidence of cancer.

The growth of the market is boosted by the development of diversified treatments.

2) Restraints

High costs associated with the treatment methods hamper the growth of the market.

3) Opportunities

The market presents lucrative growth opportunities due tthe rapid increase in healthcare awareness.

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global cancer monoclonal antibody market is segmented on the basis of antibody type, application, and end user.

The Global Cancer Monoclonal Antibody Market by Antibody Type

Murine

Chimeric

Humanized

The Global Cancer Monoclonal Antibody Market by Application

Blood Cancer

Breast Cancer

Lung Cancer

Others

The Global Cancer Monoclonal Antibody Market by End User

Hospitals and Clinics

Research and Academic Institute/Laboratories

Company Profiles

The companies covered in the report include

Genentech, Inc.

Dr. Reddy’s Laboratories Ltd.

Eli Lilly and Company

Novartis AG

Par Pharmaceutical

CELGENE CORPORATION

Merck & Co., Inc.

Bristol-Myers Squibb Company

Roche Holding AG

AstraZeneca

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the cancer monoclonal antibody market.

2. Complete coverage of all the segments in the cancer monoclonal antibody market tanalyze the trends, developments in the global market and forecast of market size up t2030.

3. Comprehensive analysis of the companies operating in the global cancer monoclonal antibody market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus tinvest, consolidate, expand and/or diversify.