Antibody Therapeutics Market in terms of revenue was estimated to be worth $247.3 billion in 2023 and is poised to reach $479.0 billion by 2028, growing at a CAGR of 14.1% from 2023 to 2028 according to a new report by MarketsandMarkets. The growing advancements in antibody engineering, the growing demand for oncology antibody therapeutics and the increasing clinical pipeline focus on antibody therapeutics are the factors supporting the growth of this market.
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The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the antibody therapeutics market and its segments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, trends, opportunities, and challenges.
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Key Market Players of Antibody Therapeutics Industry:
The market for antibody therapeutics market is consolidated, with key players strategizing to capture the market. Prominent players in the antibody therapeutics market are F. Hoffmann-La Roche Ltd. (Switzerland), AbbVie Inc. (US), Johnson & Johnson (US), Merck KGaA (Germany), Bristol-Myers Squibb (US), AstraZeneca (UK), Sanofi (France), Regeneron Pharmaceuticals, Inc. (US), Novartis AG (Switzerland), Amgen, Inc. (US), Biogen Inc. (US) among others.
Antibody Therapeutics Market Dynamics:
Drivers:
1. Growing advancements in antibody engineering
Restraints:
1. Stringent regulatory approval process
Opportunities:
1. Increasing collaboration of pharmaceutical companies with CROs, CDMOs and academic institutions
Challenge:
1. Complexities in manufacturing processes
All the market segments have been divided for the Antibody Therapeutics market to forecast revenue and analyze trends in each of the following submarkets:
By Format
· Monoclonal antibody
· Polyclonal antibody therapy
· Bispecific antibody
· Antibody fragment
· Other antibody formats
By Disease Areas
· Autoimmune & inflammatory diseases
· Oncology
· Hematology
· Infectious diseases
· Osteology
· Immunology
· Neurology
· Other disease areas
By Route of Administration
· Intravenous
· Subcutaneous
· Other routes of administration
By Source
· Human
· Humanized
· Chimeric
· Other sources
By End User
· Hospitals
· Long-term care facilities
· Other end users
By Region
· North America
· Europe
· Asia Pacific (APAC)
· Latin America
· Middle East
Recent Developments of Antibody Therapeutics Industry
· In October 2023, F. Hoffmann-La Roche Ltd. entered into a definitive agreement to acquire Televant. Through this agreement, Roche received the development, manufacturing and commercialization rights in the US and Japan for Telavant’s RVT-3101, a novel TL1A directed antibody.
· In January 2023, AbbVie Inc. and Immunome, Inc. entered into strategic collaboration to identify up to 10 novel target-antibody pairs leveraging Immunome's Discovery Engine.
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