The global cancer monoclonal antibodies market size is expected to grow from $49.81 billion in 2021 to $56.00 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cancer MAbs market is expected to reach $86.23 billion in 2026 at a CAGR of 11.4%.
What is the Global Cancer Monoclonal Antibodies Market?
The cancer monoclonal antibodies market consists of sales of monoclonal antibodies used for the treatment of cancer and related services by entities (organizations, sole traders and partnerships) that produce monoclonal antibodies for cancer treatment. Monoclonal antibodies are highly specific molecules for cancer cells as they bind to the proteins on their surface and it activates an immune response. The market consists of revenue generated by cancer monoclonal antibodies companies manufacturing cancer monoclonal antibodies drugs.
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What drives the Global Cancer Monoclonal Antibodies Market?
The rise in the number of cancer cases across the globe is likely to contribute to the growth of the cancer monoclonal antibodies market. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for the cancer MAbs market.
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Global Cancer Monoclonal Antibodies Market Segments
The global cancer MAbs market is segmented:
By Monoclonal Antibody Therapies: Bevacizumab (Avastin), Rituximab (Rituxan), Trastuzumab (Herceptin), Cetuximab (Erbitux), Panitumumab (Vectibix), Others
By Application: Breast Cancer, Blood Cancer, Liver Cancer, Brain Cancer, Colorectal Cancer, Others
By End-User: Hospitals and Clinics, Research Laboratories, Pharmacies, Others
By Geography: The regions covered in the cancer monoclonal antibodies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cancer Monoclonal Antibodies Global Market Report 2022provides market size and growth forecasts for the global cancer MAbs market, global cancer monoclonal antibodies market share, cancer MAbs market segments and geographies, cancer monoclonal antibodies market competitive landscape including leading competitors’ revenues, profiles and market shares. The cancer MAbs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cancer Monoclonal Antibodies Industry Playersinclude Amgen, Bristol Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Genmab AS, GlaxoSmithKline, Johnson & Johnson, Novartis AG, Merck & Co., and Spectrum Pharmaceuticals. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
