Vancouver, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The global monoclonal antibodies market size was USD 204.42 billion in 2022 and is expected to register a revenue CAGR of 10.8% during the forecast period. The global monoclonal antibodies market is poised for significant growth, driven by factors such as the rising adoption of personalized medicine, expanding regulatory approvals for monoclonal antibodies, and continuous technological advancements in biotechnology and immunology. These factors, along with the increasing prevalence of cancer and infectious diseases, are contributing to a surge in demand for effective and targeted monoclonal antibody-based therapies. The market witnessed substantial developments in 2022, with major players actively contributing to advancements in monoclonal antibody-based treatments. Notably, GlaxoSmithKline plc. (GSK) and iTeos Therapeutics announced a promising partnership for the development and commercialization of EOS-448, an anti-TIGIT monoclonal antibody, showcasing the potential for next-generation immuno-oncology therapies.
Despite the positive trajectory, challenges such as the impact of the COVID-19 pandemic on manufacturing processes, higher associated manufacturing costs, and a shortage of skilled professionals have hindered revenue growth. Recent safety concerns and FDA cautionary messages regarding specific monoclonal antibodies for COVID-19 treatment, especially in light of the omicron variant, have added complexity to the market dynamics.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2533
Key Market Insights:
Source Insights:
Indication Insights:
End-Use Insights:
Regional Insights:
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2533
Scope of Research
MAJOR COMPANIES and Market Share Analysis
The global monoclonal antibodies market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective monoclonal antibodies solutions. Some major players included in the global monoclonal antibodies market report are:
Strategic Development
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2533
Segments Covered in Report
For the purpose of this report, Emergen Research has segmented the global monoclonal antibodies market on the basis of source, indication, production type, end-use, and region:
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/monoclonal-antibodies-market Curated Reports You Shouldn't Miss: Dive In Now!
Hybrid Operating Room Market Size, Share, Trends, By Component (Surgical Instruments, Audiovisual Display Systems and Tools, Intraoperative Diagnostic Imaging Systems, Operating Room Fixtures), By Application, By End-use, and By Region and Country Forecast to 2028
Single Use/Disposable Endoscopy Market By Product (Endoscope, Visualization Systems, Endoscopic Ultrasound, Insufflator), By Application (Bronchoscopy, Urologic Endoscopy, Arthroscopy, GI endoscopy, ENT Endoscopy, Others), By End-use (Hospitals, Healthcare Centers, Clinics), and By Region Forecast to 2028
Nanorobotics Market Size, Share, Trends, By Type (Nanomanipulator, Bio-Nanorobotics, Magnetically Guided, Bacteria-Based), By Application (Nanomedicine, Biomedical, Mechanical, Others), and By Region Forecast to 2028
AI based Clinical Trials Solution Provider Market By Therapeutic Application (Oncology, Cardiovascular Disease, and Neurological Disease), By Phase, By End-use (institutes), and By Region Forecast To 2030
Veterinary Ultrasound Market, By Type [Two-Dimensional (2D), Three-Dimensional/Four Dimensional (3D/4D), and Doppler], By Product, By Technology, By Animal Type, By Application, By End-Use, and By Region Forecast to 2030
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
See the original post here:
Monoclonal Antibodies Market Size Worth USD 572.62 Billion in ... - GlobeNewswire
Recommendation and review posted by G. Smith
