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What is the Predicted CAGR for the Anti-Cancer MAbS Global Market Report 2024 Market Over the Forecast Period of 2025 to 2034?

The market size for anti-cancer mabs has witnessed significant expansion in recent years. This market is stipulated to rise from a valuation of $69.33 billion in 2024 to a projected value of $76.92 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.0%. The past growth trends in this sector can be credited to factors such as heightened cancer prevalence rates, an elevated comprehension of cancer biology, a surge in personal therapeutic strategies, escalating investments in R&D, and a growing awareness and demand amongst patients.

In the coming years, the anti-cancer mabs market is anticipated to exhibit strong growth. The market size is projected to reach $109.88 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. This increase during the forecast period can be associated with advancements in immunotherapy, a rise in the uptake of combination therapies, the development of next-generation mAbs, worldwide efforts to mitigate cancer impact, and the expansion of patient access programs. Key trends for the forecast period encompass developments in drug delivery technologies, utilization of artificial intelligence in drug discovery, collaborations and partnerships in the pharmaceutical sector, progress in biotechnology, and car-t cell therapies.

What Strategic Factors Are Influencing the Accelerated Growth of the Anti-Cancer MAbS Global Market Report 2024 Market?

The global rise in cancer rates is anticipated to fuel expansion in the anticancer monoclonal antibodies (MABs) market. Cancer, a chronic condition with long-term impacts, has resulted in greater demand for anticancer MABs. These antibodies, ingeniously designed to attach to specific proteins on cancer cells, employ genetically altered versions of the body’s natural antibodies to identify and obliterate cancer cells. For example, PubMed, an American biomedical and life sciences journal, reported in January 2022 that an estimated 1.9 million new cases of cancer are predicted to be diagnosed worldwide, with 609,360 cancer-related deaths in the United States alone. This escalating prevalence of cancer worldwide is thus driving the growth of the anticancer MABs market.

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Who Are the Top Companies Driving Innovation and Growth in the Anti-Cancer MAbS Global Market Report 2024 Market?

Major companies operating in the anti-cancer mabs market include Amgen Inc., Bristol Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Merck & Co. Inc., Spectrum Pharmaceuticals Inc., AstraZeneca plc., Pfizer Inc., Gilead Sciences Inc., Bayer HealthCare, ImmunoGen Inc., Genentech Inc., AbbVie Inc., Takeda Pharmaceuticals, Seattle Genetics, Regeneron Pharmaceuticals, Celgene, Ipsen, Daiichi Sankyo, Kite Pharma, ADC Therapeutics, MacroGenics Inc., BioXcel Therapeutics, Zymeworks Inc., Exelixis Inc., Blueprint Medicines, Erytech Pharma, Oncopeptides AB

What Are the Emerging Trends Shaping the Future of the Anti-Cancer MAbS Global Market Report 2024 Market?

One significant trend emerging in the anticancer monoclonal antibodies (mAbs) market is the introduction of product innovations. To fortify their standings, leading entities in the anticancer mAbs market are releasing advanced and more targeted cancer therapies, including mAbs drugs. For instance, Roche Holding AG, a pharmaceutical firm based in Switzerland, rolled out PHESGO in May 2022. This is a singular mAb combination treatment for early-stage HER2-positive breast cancer, encapsulating pertuzumab, trastuzumab, and hyaluronidase-zzxf. Uniquely, PHESGO is a subcutaneous injection merging two mAbs, pertuzumab and trastuzumab, and the hyaluronidase enzyme which aids in enhancing the absorption of the mAbs, thus enabling the treatment to be administered subcutaneously rather than intravenously.

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How Are the Key Segments of the Anti-Cancer MAbS Global Market Report 2024 Market Driving Opportunities and Innovations?

The anti-cancer mabs market covered in this report is segmented –

1) By Type: Murine Antibodies, Chimeric Antibodies, Humanized Antibodies, Other Types

2) By Application: Blood Cancer, Breast Cancer, Lung Cancer, Melanoma, Colorectal Cancer, Liver Cancer, Other Applications

3) By End User: Hospitals, Research Institutes, Other End Users

Subsegments:

1) By Murine Antibodies: Murine IgG, Murine IgM, Other Murine Isotypes

2) By Chimeric Antibodies: Chimeric IgG, Chimeric IgM, Other Chimeric Isotypes

3) By Humanized Antibodies: Humanized IgG, Humanized IgM, Other Humanized Isotypes

4) By Other Types: Fully Human Antibodies, Bispecific Antibodies, Conjugated Antibodies, Other Novel Formats

Which Geographical Regions Are Pioneering Growth in the Anti-Cancer MAbS Global Market Report 2024 Market?

The countries covered in the anti-cancer mAbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Are the Defining Aspects of the Anti-Cancer MAbS Global Market Report 2024 Market Landscape?

Anticancer monoclonal antibodies (mAbs) are the antibodies used for monoclonal antibody therapy to target and destroy cancer cells. These mAbs are intended to bind to specific proteins or chemicals located on the surface of cancer cells, preventing cancer growth, and spread.

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