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The monoclonal antibodies (MAbs) market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11 as per The Business Research Company’s market report!

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The Monoclonal Antibodies (MAbs) Market Size In 2022 And Forecast

The global monoclonal antibodies (MAbs) market is expected to reach from $168.70 billion in 2021 to $188.18 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The MAbs market is expected to reach $292.22 billion in 2026 at a CAGR of 11.6%.

The monoclonal antibodies (MAbs) market consists of sales of monoclonal antibodies and related services.

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Increase In Prevalence Of Cost-Efficient Biosimilar Monoclonal Antibodies Is Driving The Growth Of The Monoclonal Antibodies (MAbs) Market

Biosimilar is the pharmaceuticals that are developed to have similar properties to a biologic drug that has already been approved. A biosimilar monoclonal antibody costs 20%-25% lesser than the originator biologic drug. The number of clinical trials for a biosimilar is comparatively lesser than that of the original biologic drug and this proves to be the reason for the low cost of a biosimilar drug. In India, a new biosimilar policy called the ‘Guidelines on Similar Biologics’ prepared by the Central Drugs Standard Control Organization (CSDCO) is expected to give a major boost to the Indian biosimilar drugs industry.

Competitive Landscape And The Regional Analysis Of The Monoclonal Antibodies (MAbs) Market

Major players in the monoclonal antibodies (MAbs) market are Johnson & Johnson, Merck, AbbVie, Amgen, GlaxoSmithKline plc., Norvatis AG, Pfizer Inc, Thermofischer Scientific, Elililly and Company and Bristol-Myers Squibb.

The Monoclonal Antibodies (MAbs) Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the monoclonal antibodies (MAbs) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the monoclonal antibodies (MAbs) market.

Strategic Collaborations – A Key Trend In The Monoclonal Antibodies (MAbs) Market

The monoclonal antibodies market has been witnessing multiple strategic initiatives in recent years. Top companies in the market are strategically acquiring start-ups and mid-sized companies to broaden products and services. Strategic collaborations or acquisitions and partnership agreements help vendors expand their existing product portfolio and geographical reach.

Monoclonal Antibodies (MAbs) Market Segmentation By The Business Research Company

1) By Source: Murine, Chimeric, Humanized, Human

2) By Application: Anti-Cancer, Immunological, Anti-Infective Monoclonal Antibodies (MAbs), Neuropharmacological, Cardiovascular and Cerebrovascular, Others

3) By End-User: Hospitals, Private Clinics, Research Institutes

Here Are Some Reports Related To The Monoclonal Antibodies (MAbs) Market –

Biosimilar Monoclonal Antibodies Global Market Report 2022

Conjugated Monoclonal Antibodies Global Market Report 2022

Arthritis Monoclonal Antibodies Global Market Report 2022

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