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LONDON, GREATER LONDON, UK, August 7, 2024 /EINPresswire.com/ -- The conjugated monoclonal antibodies market has experienced robust growth in recent years, expanding from $10.9 billion in 2023 to $11.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to the increasing prevalence of cancer, expansion of the private healthcare sector, government support, and growing patient population.
Strong Future Growth Anticipated
The conjugated monoclonal antibodies market is projected to continue its strong growth, reaching $14.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increased access to healthcare, growing demand for minimally invasive procedures, immunotherapeutic combinations, expanding healthcare access, and expanding indications.
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Growth Driver Of The Conjugated Monoclonal Antibodies Market
The high prevalence of cancer is expected to propel the growth of the conjugated monoclonal antibodies market going forward. Cancer refers to a group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. These abnormal cells can form masses or tumors. Conjugated monoclonal antibodies are primarily used in the treatment of cancer due to their targeted and precise mechanism of action, which improves the overall quality of life for cancer patients.
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Major Players And Market Trends
Key players in the conjugated monoclonal antibodies market include Pfizer Inc., F. Hoffmann-La Roche AG, Bristol-Myers Squibb, Merck & Co. Inc., Immunomedics Inc., Takeda Pharmaceuticals Industries Ltd.
Major companies operating in conjugated monoclonal antibodies are adopting a strategic partnership approach to provide comprehensive solutions and advance their capabilities. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success.
Segments:
1) By Drugs: Adcetris, Kadcyla
2) By Technology: Cleavable Linker, Non-cleavable Linker
3) By Application: Blood Cancer, Breast Cancer, Ovarian Cancer, Lung Cancer, Brain Tumor, Other Applications
Geographical Insights: North America Leading The Market
North America was the largest region in the conjugated monoclonal antibody market in 2023. The Middle East is expected to be the fastest-growing region in the global conjugated monoclonal antibodies market share during the forecast period. The regions covered in the conjugated monoclonal antibodies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Conjugated Monoclonal Antibodies Market Definition
Conjugated monoclonal antibodies refer to a compound formed from a monoclonal antibody that has been chemically coupled to a medication. The monoclonal antibody binds to particular proteins or receptors that are present in particular cell types, such as cancer cells. The associated medicine enters these cells, kills them, and leaves the rest of the cells alone.
Conjugated Monoclonal Antibodies Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Conjugated Monoclonal Antibodies Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on conjugated monoclonal antibodies market size, conjugated monoclonal antibodies market drivers and trends, conjugated monoclonal antibodies market major players, conjugated monoclonal antibodies competitors' revenues, conjugated monoclonal antibodies market positioning, and conjugated monoclonal antibodies market growth across geographies. The conjugated monoclonal antibodies market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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