Published by Uma Rajagopal
Posted on January 25, 2022
ESOMAR-certified consulting firm Future Market Insights (FMI) forecasts the demand for antibodies to increase by 3.21x, surpassing a valuation of US$ 601.61 Bn by 2031. Growth in the market can be attributed to the rising cases of cancer and autoimmune diseases across the globe.
Rising incidence of autoimmune diseases such as diabetes and scleroderma in women will augment the market growth in the forthcoming years. Also, surge in number of patients suffering from Parkinson’s disease and Alzheimer will increase the production of antibody therapeutics, especially in developing economies.
The COVID-19 pandemic also has created opportunities for antibodies sales as patients with coronavirus were highly prone to contracting other diseases, especially those with prior health concerns such as auto-immune diseases. Therefore, the demand for antibodies surged through 2020.
Consequently, a higher focus research and development activities is observed among pharmaceutical market leaders. These initiatives were primarily intended at developing antibodies to offer effective treatment. As per FMI, the focus on the production of biosimilar antibodies will rise over the assessment period.
On account of their affordable pricing, in comparison to blockbuster drugs, biosimilar antibodies sales will increase at an accelerated pace. The market will register remarkable growth in the U.S., India, and China, driven by higher demand for rheumatoid antibodies.
High prevalence of cancer across GCC countries and China also has necessitated screening and diagnosis using biosimilar antibodies therapeutics, which will fuel the demand for antibodies in the forthcoming years.
“Steered by surging cases of autoimmune diseases and consequently rising demand for effective therapeutics, leading pharmaceutical companies are expected to shift focus on the production of biosimilar antibodies. As a matter of fact, product development and launches will remain highly sought-after among manufacturers as they aim for competitive edge,” says a Future Market Insights analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-1330
Key Takeaways from Antibodies Market Survey
Key Drivers
Key Restraints
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-1330
Competitive Landscape
Presence of numerous industry giants has led to market consolidation. As per Future Market Insights, key producers in the antibodies market contributes over 75% of global market share.
Product development and expansion of product portfolio are key areas of focus among market players in order to strengthen their position.
Extensive research and development activities for the development of monoclonal antibodies will also aid the market expansion.
Some market players are focusing on strategic merger and collaboration with other key players for expansion of their product portfolio.
In March 2021, IMMUNOPRECISE Antibodies Ltd., a leader in full-service announced the results of an additional PolyTope antibody interaction analysis against SARS-CoV-2 spike protein variants of concern.
In August 2021, Novavax Inc., a biotechnology company developing next-generation vaccines for serious infectious diseases, announced the preliminary data demonstrating that a single booster dose of its recombinant nanoparticle protein-based COVID-19 vaccine with Matrix-M™ adjuvant, NVX-CoV2373.
Some of the leading players operating in the antibodies market profiled by Future Market Insights are:
More Valuable Insights on Antibodies Market
FMI provides detailed segmentation on the global antibodies market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global antibodies market with incisive coverage on the basis of:
By Disease Indication:
By Product Type:
By End User:
By Region:
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/1330
Key Questions Covered in the Antibodies Market Report
Explore Other Coverage on Future Market Insights
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Americas COVID-19 Testing Market: Americas COVID-19 Testing Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
Genital Herpes Treatment Market: Future Market Insights gives a detailed segmentation on the global Genital Herpes Treatment Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/antibodies-market
Press Release Source: https://www.futuremarketinsights.com/press-release//antibodies-market
ESOMAR-certified consulting firm Future Market Insights (FMI) forecasts the demand for antibodies to increase by 3.21x, surpassing a valuation of US$ 601.61 Bn by 2031. Growth in the market can be attributed to the rising cases of cancer and autoimmune diseases across the globe.
Rising incidence of autoimmune diseases such as diabetes and scleroderma in women will augment the market growth in the forthcoming years. Also, surge in number of patients suffering from Parkinson’s disease and Alzheimer will increase the production of antibody therapeutics, especially in developing economies.
The COVID-19 pandemic also has created opportunities for antibodies sales as patients with coronavirus were highly prone to contracting other diseases, especially those with prior health concerns such as auto-immune diseases. Therefore, the demand for antibodies surged through 2020.
Consequently, a higher focus research and development activities is observed among pharmaceutical market leaders. These initiatives were primarily intended at developing antibodies to offer effective treatment. As per FMI, the focus on the production of biosimilar antibodies will rise over the assessment period.
On account of their affordable pricing, in comparison to blockbuster drugs, biosimilar antibodies sales will increase at an accelerated pace. The market will register remarkable growth in the U.S., India, and China, driven by higher demand for rheumatoid antibodies.
High prevalence of cancer across GCC countries and China also has necessitated screening and diagnosis using biosimilar antibodies therapeutics, which will fuel the demand for antibodies in the forthcoming years.
“Steered by surging cases of autoimmune diseases and consequently rising demand for effective therapeutics, leading pharmaceutical companies are expected to shift focus on the production of biosimilar antibodies. As a matter of fact, product development and launches will remain highly sought-after among manufacturers as they aim for competitive edge,” says a Future Market Insights analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-1330
Key Takeaways from Antibodies Market Survey
Key Drivers
Key Restraints
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/ask-question/rep-gb-1330
Competitive Landscape
Presence of numerous industry giants has led to market consolidation. As per Future Market Insights, key producers in the antibodies market contributes over 75% of global market share.
Product development and expansion of product portfolio are key areas of focus among market players in order to strengthen their position.
Extensive research and development activities for the development of monoclonal antibodies will also aid the market expansion.
Some market players are focusing on strategic merger and collaboration with other key players for expansion of their product portfolio.
In March 2021, IMMUNOPRECISE Antibodies Ltd., a leader in full-service announced the results of an additional PolyTope antibody interaction analysis against SARS-CoV-2 spike protein variants of concern.
In August 2021, Novavax Inc., a biotechnology company developing next-generation vaccines for serious infectious diseases, announced the preliminary data demonstrating that a single booster dose of its recombinant nanoparticle protein-based COVID-19 vaccine with Matrix-M™ adjuvant, NVX-CoV2373.
Some of the leading players operating in the antibodies market profiled by Future Market Insights are:
More Valuable Insights on Antibodies Market
FMI provides detailed segmentation on the global antibodies market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global antibodies market with incisive coverage on the basis of:
By Disease Indication:
By Product Type:
By End User:
By Region:
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/1330
Key Questions Covered in the Antibodies Market Report
Explore Other Coverage on Future Market Insights
Herbal Medicinal Products Market: The global Herbal Medicinal Products Market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Americas COVID-19 Testing Market: Americas COVID-19 Testing Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
Genital Herpes Treatment Market: Future Market Insights gives a detailed segmentation on the global Genital Herpes Treatment Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/antibodies-market
Press Release Source: https://www.futuremarketinsights.com/press-release//antibodies-market
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