The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest monoclonal antibodies MAbS market share.

The global monoclonal antibodies MAbS market is expected to grow from $188.18 billion in 2022 to $209.98 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The monoclonal antibodies (MAbs) market is expected to grow from $330.35 billion in 2027 at a CAGR of 12.0%.

Major Driver In The Monoclonal Antibodies MAbS Market ­– Increase In The Prevalence Of Cost-Efficient Biosimilar Monoclonal Antibodies
The goal of biosimilars is to reduce the rising cost of healthcare and to deal with economic demand from patients and governments to lower prescription costs and enhance access to treatment. Biosimilars are medications that are designed to have qualities similar to a previously approved biological drug. The cost of a biosimilar monoclonal antibody is 20%-25% less than that of the original biologic medication. The number of clinical studies for a biosimilar is fewer than that of the original biologic drug, which contributes to the low cost of a biosimilar drug. A new biosimilar regulation called the ‘Guidelines on Similar Biologics’ issued by the Central Drugs Standard Control Organisation (CSDCO) in India is expected to give a significant boost to the industry.

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Key Monoclonal Antibodies MAbS Market Segments
1) By Source: Murine, Chimeric, Humanized, Human
2) By Application: Anti-Cancer, Immunological, Anti-Infective Monoclonal Antibodies (MAbs), Neuropharmacological, Cardiovascular And Cerebrovascular, Other Applications
3) By End Users: Hospitals, Private Clinics, Research Institute

Recent Monoclonal Antibodies MAbS Market Trend – Witnessing Multiple Strategic Initiatives
Top market players are strategically acquiring start-ups and mid-sized businesses to diversify their product and service offerings. Strategic collaborations, acquisitions, and partnership agreements enable companies to broaden their product line and geographical reach. Sanofi S.A., a France-based pharmaceutical and healthcare company specialising in drug discovery, development, manufacturing, and commercialization, announced a strategic collaboration with Seagen Inc., a US-based pharmaceutical company specialising in the development and commercialization of novel, powerful monoclonal antibody-based cancer treatments, in March 2022. The cooperation will design, develop, and sell ADCs for up to three cancer targets using Seagen’s and Sanofi’s unique monoclonal antibody (mAb) and antibody-drug conjugate (ADC) technology. Furthermore, Boehringer Ingelheim, a research-driven pharmaceutical firm based in Germany, announced a collaboration with MabGenesis, Inc., a biopharmaceutical business based in Japan that is a pioneer in the development of therapeutic monoclonal antibody therapeutics for the treatment of human diseases. Boehringer Ingelheim and MabGenesis collaborate to identify and develop innovative therapeutic monoclonal antibodies for the treatment of diverse diseases, as well as strategic research and development initiatives. Industry firms are progressively realigning their portfolios and exploring attractive inorganic growth prospects. Furthermore, M&A interest is being spurred by improved corporate balance sheets, liquid financing markets, and ongoing low global interest rates.

Monoclonal Antibodies MAbS Market Prominent Players
Major players in the monoclonal antibodies MAbS market are Johnson & Johnson, Merck, AbbVie, Amgen, GlaxoSmithKline PLC., Norvatis AG, Pfizer Inc., Thermo Fisher Scientific, Eli Lilly and Company, and Bristol-Myers Squibb.

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The Monoclonal Antibodies MAbS Global Market Report 2023  provides a comprehensive overview on the monoclonal antibodies MAbS market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Monoclonal antibodies (MABS) are proteins created in a lab that are meant to strengthen your immune system. Monoclonal antibody treatments are typically given as IV solutions, usually in an infusion centre. Antibodies are a type of immune system component.To kill them, they seek out and cling to antigens (foreign chemicals).

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