The antibodies market size is expected to reach US$ 236.9 billion in value in 2023 and to grow at a CAGR of 13.4% from 2023 to 2033. The market for antibodies is predicted to reach US$ 834.2 billion by 2033. The market for antibodies has had a monetary increase of US$ 597.3 Billion.
“Increased Research in the Healthcare Industry Increases Antibody Production Demand”
The world has seen a significant increase in the frequency of chronic diseases, and frequent outbreaks of viral illnesses have resulted in a greater emphasis on healthcare. Because of the rising emphasis on healthcare, governments have boosted their investment in the research and development of novel medicines, which is projected to benefit antibodies market potential over the projection period.
The increased popularity of personalised treatment is expected to drive demand for bespoke antibody research through 2033.
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Regional Insights
Antibodies market growth potential in North America is anticipated to be driven by substantial spending in healthcare research and development. By the end of 2033, this regional market is anticipated to hold close to 49% of the global antibodies market share.
Additionally, the research and development of goods connected to antibodies is progressing more quickly thanks to effective harmonisation of product development, approval, and registration requirements in several of the largest markets, including the United States and the European Union.
End User Insights
Throughout the projection period, hospitals are expected to produce the most demand for antibodies. The growing pool of patients and easier access to healthcare is anticipated to increase demand in hospitals.
Hospitals around the world see an increase in patient traffic because they provide skilled care and the infrastructure needed to perform vital therapy.
Antibody demand in pharmaceutical companies is anticipated to benefit from rising investments in drug development and production, which are expected to account for a significant market share in the antibodies sector.
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Key Takeaways
- During the forecast period, monoclonal antibodies may grow at a CAGR of 13.6% in the product type category.
- By 2032, the market for antibodies in India is anticipated to grow to US$ 30.3 billion.
- Cancer may grow at a CAGR of 14.8% in the disease indication segment between 2023 and 2033.
- During the predicted period, the United States may expand at a CAGR of 14.1%.
- By 2032, the market for antibodies in the United Kingdom is estimated to rise to US$ 42.5 billion.
- By 2032, it is anticipated that the German antibody market would be worth US$ 32.5 billion USD.
- Between 2023 and 2033, the United Kingdom antibodies market may rise at a CAGR of 15.9%.
- Germany shall increase at a 14.5% CAGR during the projection period.
- During the forecast period, China’s market for antibodies shall advance at a CAGR of 13.6%.
- Between 2023 and 2033, India’s market for antibodies is projected to develop at a CAGR of 13.6%.
- By 2032, it is anticipated that the US market would be worth US$ 368.9 billion.
- By 2032, the Chinese market is anticipated to achieve US$ 35.6 billion.
Competitive Landscape
Leading antibodies market manufacturers are concentrating on expanding their research and accelerating the creation of novel antibodies in order to introduce new goods and acquire a competitive edge over rival manufacturers.
- Announcement:
The development of Sandoz’s biosimilar pipeline was announced on September 19, 2022. Sandoz is a market leader in biosimilars and generic medications. This included promising findings from the ROSALIA Phase I/III clinical trial research for the planned biosimilar denosumab. A human monoclonal antibody called denosumab is intended to bind and inhibit RANKL to lessen bone loss.
Leading manufacturers are also considering mergers, alliances, and partnerships to strengthen their position in the antibodies market and broaden the scope of their research.
- Acquisition:
Johnson & Johnson finalised its agreement to buy Momenta Pharmaceuticals Inc. in August 2020 for around US$6.5 billion. Leading the industry in the creation of cutting-edge treatments for immune-mediated disorders is Momenta Pharmaceuticals Inc.
Key Players
- Novartis AG
- F. Hoffmann-La Roche AG
- Johnson & Johnson
- Takeda Pharmaceutical Company Limited
- Amgen Inc
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Key Segments
By Disease Indication:
- Cardiovascular Diseases
- CNS Disorders
- Cancer
- Autoimmune Disorders
By Product Type:
- Monoclonal Antibodies
- Polyclonal Antibodies
- Antibody-drug Complexes
By End User:
- Hospitals
- Long-term Care Facilities
- Research Institutes
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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