Monoclonal Antibodies (mAbs) Market Share and Competitive Landscape Report to 2024

9^th January 2020 – The global Monoclonal Antibodies (mAbs) Market is expected to witness a significant CAGR during the forecast period. Monoclonal antibodies (mAbs) are identical by nature since a single type of immune cell is responsible for its production. With almost any substance, monoclonal antibodies could keep attached for any modification. Being an inseparable part of targeted therapy approach for several diseases, various receptors on the cell surface restrain essential functions that are responsible for cell death by various mechanisms. Commercially, many mAbs have helped in modification of autoimmune and chronic disease still date.

The driving factors for monoclonal antibodies market comprise rise in demand for personalized medicine and advances in therapeutic antibodies. In addition, benefits pertaining to use of biologics are likely to stimulate the market development in the near future. By source, the monoclonal antibodies (mAbs) market segmentation includes humanized, chimeric, and murine. By indication, the market is segmented as infectious, inflammatory, vira disease, microbial, and cancer. End-use segmentation for monoclonal antibodies market includes academic institutes, diagnostic laboratories, and hospitals.

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Geographical segmentation for monoclonal (mAbs) market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America accounts for a significant market share owing to rise in government initiatives and R&D activities. Rise in biopharmaceutical manufacturing for quality protein drugs also stimulates the market growth during the forecast period. Asia-Pacific regions have accounted for a greater market in the global scenario due to the presence of geriatric population and prevalence of chronic ailments in geriatric population.

Asia-Pacific regions are likely to grow at a higher rate due to rise in revenue generating drugs and huge availability of patient pool. In addition, rise in R&D activities contribute to the growth of APAC market. The prominent players in the monoclonal antibodies (mAbs) industry include AbbVie, Johnson &Johnson, F.Hoffman-La Roche, Amgen, BMS and Merck.

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