Next Generation Drug Conjugates Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What key factors are powering the surge in the next generation drug conjugates market right now?
The next-generation drug conjugates market has expanded rapidly, forecasted to grow from $2.15 billion in 2024 to $2.5 billion in 2025, with a CAGR of 16.3%. This growth is attributed to a deeper understanding of tumor biology, success in early drug conjugates, rising oncology applications, increased investments, and growing patient advocacy efforts.
How fast Is the next generation drug conjugates market expected to grow, and what’s its future value?
The next-generation drug conjugates market is projected to expand rapidly, reaching $4.53 billion by 2029 with a CAGR of 16.0%. Growth factors include the rise of combination therapies, increased clinical research, a focus on rare diseases, strategic collaborations, and advancements in bioinformatics tools. Major trends involve monoclonal antibody technology, JAK inhibitor combination therapies, AI in drug development, biosimilar innovations, and subcutaneous formulation advancements.
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What are the leading drivers of growth in the next generation drug conjugates market?
The rising prevalence of cancer is expected to boost the next-generation drug conjugates market. Cancer involves the uncontrolled growth of abnormal cells, with incidence increasing due to factors such as an aging population, lifestyle, and environmental factors. Next-generation drug conjugates deliver targeted treatments to cancer cells, enhancing effectiveness and minimizing damage to healthy tissues. The Australian Institute of Health and Welfare projects that by 2034, there will be around 209,000 new cancer diagnoses in Australia, up from 169,000 in 2024. This increase in cancer cases drives the next-generation drug conjugates market.
What are the key segments defining the next generation drug conjugates market?
The next generation drug conjugatesmarket covered in this report is segmented –
1) By Next-Generation Drug Conjugates Type: Peptide Receptor Radionuclide Therapy, Ligand Mediated RNAI Conjugate, Ligand Conjugated Anti Sense Medicine, Peptide Drug Conjugate
2) By Targeting Ligand Type: Amino Sugar, Lipid, Peptide, Small Molecule, Virus-Like Particles
3) By Payload Type: Oligonucleotide, Radionuclide, Peptide, Small Molecule
4) By Therapy: Monotherapy, Combination Therapy
5) By Indication: Gastroenteropancreatic Neuroendocrine Tumors, Prostate Cancer, Leptomeningeal Carcinomatosis Caused By Breast Cancer Brain Metastases, Hereditary Transthyretin Amyloidosis, Atherosclerotic Cardiovascular Diseases, Severe Hypertriglyceridemia, Hereditary Angioedema, Acute Hepatic Porphyria, Other Indications
Subsegments:
1) By Peptide Receptor Radionuclide Therapy (PRRT): Somatostatin Analogues, Radiolabeled Peptides
2) By Ligand Mediated RNAi Conjugate: SiRNA Ligand Conjugates, ShRNA Ligand Conjugates
3) By Ligand Conjugated Anti-Sense Medicine: Oligonucleotide Ligand Conjugates, Antisense Oligonucleotide Ligand Conjugates
4) By Peptide Drug Conjugate: Cytotoxic Peptide Conjugates, Therapeutic Peptide Conjugates
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Who are the key players steering the development of the next generation drug conjugates market?
Major companies operating in the next generation drug conjugates marker are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Novartis International AG, AstraZeneca PLC, Daiichi Sankyo Company Limited, Eisai Co Ltd., Bicycle Therapeutics plc, Zymeworks Inc., Genentech Inc., MacroGenics Inc., Abzena plc, Innate Pharma S.A., CytomX Therapeutics Inc., ImmunoGen Inc., Ascentage Pharma Group International, Mersana Therapeutics Inc., Antengene Corporation Limited, Nurix Therapeutics Inc., Tubulis GmbH
What emerging trends are influencing the growth of the next generation drug conjugates market?
Leading enterprises in the next-generation drug conjugates market are increasingly embracing strategic collaborations to bolster their research and development prowess, expedite product advancements, and broaden their market footprint. Such collaborations imply a process wherein businesses harness each other’s proficiencies and resources for reciprocal advantages and triumphs. For example, in November 2023, Prelude Therapeutics Incorporated, an American clinical-stage precision oncology firm, formed a strategic alliance with AbCellera Biologics Inc., a biotechnology firm based in Canada. The alliance was set to develop premier precision antibody-drug conjugates (ADCs) for oncology. Their focus would be on the identification, development, and commercialization of new antibody-drug conjugates (ADCs), beginning with a program that targets a SMARCA degrader linked with a novel antibody. This approach is designed to extend the therapeutic uses of Prelude’s selective SMARCA2 small-molecule degraders to a larger patient community, particularly those suffering from cancers not related to SMARCA4 mutations.
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Which regions are most influential in expanding the next generation drug conjugates market?
North America was the largest region in the next generation drug conjugates market in 2024. The regions covered in the next generation drug conjugates marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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