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Monoclonal Antibodies Market Size

  • Report ID: GMI5065
  • Published Date: Jul 2023
  • Report Format: PDF

Monoclonal Antibodies Market Size

Monoclonal Antibodies Market size was valued at more than USD 186.6 billion in 2022 and will progress tremendously to reach over USD 609 billion by 2032 at 12.5% CAGR attributing to the increasing prevalence of chronic and infectious diseases, growing research and development activities, high rate of adoption of monoclonal antibodies in the U.S. and Europe

 

Monoclonal antibodies (mAbs) are referred to the category of proteins having ability to bind to specific cells. These are identical immunoglobulins derived from a single B-cell that recognizes unique binding site on antigen. Due to its specificity to unique epitopes, mAbs are being increasingly used for diagnostic and therapeutic applications for several disease. Currently, large number of monoclonal antibodies are available in the market to treat cancer, cardiovascular diseases, autoimmune diseases, blood disorders, and infectious diseases among others.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for monoclonal antibodies surpassed USD 186.6 billion in 2022 and is estimated to exceed USD 609 billion by 2032 driven by the increasing prevalence of chronic and infectious diseases along with growing number of R&D activities

Fully human monoclonal antibodies industry held 50.8% revenue share in 2022 and is estimated to witness high demand through 2032 attributed to the increasing number of product approvals and drug launches of fully human monoclonal antibodies.

North America recorded more than 48.8% share of the market in 2022 and is poised to record substantial growth between 2023 and 2032 attributed to the strong presence of key business players and the rising number of product approvals.

Some of the major companies operating in the industry are AbbVie Inc., F. Hoffmann-La Roche, Bristol Myers Squibb, Amgen Inc., Bristol Myers Squibb, Johnson & Johnson, Merck & Co., Inc., Regeneron Pharmaceuticals Inc., AstraZeneca, Eli Lilly and Company, and GlaxoSmithKline plc,

Monoclonal Antibodies Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 238
  • Countries covered: 20
  • Pages: 135
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