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Which Primary Drivers Are Supporting the Continued Market Growth of theAnti-Cancer MAbS Global Market Report 2024 Market?
The growing prevalence of cancer worldwide is expected to propel the anticancer monoclonal antibodies (mAbs) market. mAbs are designed to target cancer cells and are increasingly in demand as cancer rates rise. According to PubMed in January 2022, around 1.9 million new cancer cases are expected globally, contributing to the rising need for anticancer mAbs.
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#What is the Anticipated CAGR of theAnti-Cancer MAbS Global Market Report 2024 Market, and What Factors Will Drive It?
The anti-cancer monoclonal antibodies (mAbs) market size has grown rapidly in recent years. It will grow from $69.33 billion in 2024 to $76.92 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth is fueled by increasing cancer incidence rates, a growing understanding of cancer biology, the rise of personalized medicine, increased investment in research and development, and growing patient awareness and demand for new treatments.
The anti-cancer mAbs market is expected to grow significantly, reaching $109.88 billion by 2029, at a compound annual growth rate (CAGR) of 9.3%. This growth is attributed to advancements in immunotherapy, increasing use of combination therapies, the emergence of next-generation mAbs, global efforts to address the cancer burden, and expanded patient access programs. Key trends include innovations in drug delivery technologies, AI integration in drug discovery, industry collaborations, advancements in biotechnology, and CAR-T cell therapies.
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What Are the Key Market Innovations in theAnti-Cancer MAbS Global Market Report 2024 Market Over the Coming Years?
In the anticancer mAbs market, product innovations are becoming increasingly popular. Leading companies are introducing more effective and targeted cancer treatments, such as monoclonal antibody (mAb) drugs. For instance, in May 2022, Roche Holding AG, a Switzerland-based pharmaceutical company, launched PHESGO. PHESGO (pertuzumab, trastuzumab, and hyaluronidase-zzxf) is a unique subcutaneous mAb combination treatment for HER2-positive early breast cancer. The addition of hyaluronidase enhances the absorption of the mAbs, enabling the treatment to be administered subcutaneously rather than intravenously.
Who Are the Key Market Players Influencing the Growth of the Corn and Anti-Cancer MAbS Global Market Report 2024 Industry?
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
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Which Key Market Segments Comprise the Anti-Cancer MAbS Global Market Report 2024 Market and Drive Its Revenue Growth?
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
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Which Regions Are Emerging as Leaders 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.
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