Global Bi-Specific MAbs Market To Have Growth Rate Of 88% Through 2020!
The global bi-specific MAbs market was valued at about $1.56 billion in 2019 and is expected to grow to $2.93 billion in 2020 at a compound annual growth rate (CAGR) of 87.6%. The COVID-19 restrictions caused a slowdown in growth from 2018 due to missed patient visits affecting potential new patients who deferred the care, whereas existing patients remained on their treatment. However, with the sales beginning to recover slowly, the market is expected to stabilize and reach $6.12 billion by 2023 at a CAGR of 27.8%. The increasing prevalence of cancer and other chronic diseases is projected to contribute to the growth of the bispecific monoclonal antibodies market. However, the availability of various alternative treatment methods for cancer is expected to limit the growth of the market.
Bi-Specific MAbs are artificial proteins that can bind two or more antigens into a single product. Bispecific monoclonal antibodies are used to improve immune response in various medical conditions and finds its applications in the field of drug delivery and cancer immunotherapy.
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The global bi-specific MAbs market is further segmented based on type and geography.
By Type: Catumaxomab (Removab), Blinatumomab, Duligotumab, SAR 156597
By Product Type: In Vivo, In Vitro
By Indication: Cancer, Autoimmune Diseases, Inflammatory Diseases, Infectious Diseases, Microbial Diseases, Others
By End Use: Hospitals, Research Institutes, Others.
By Geography: The global bi-specific MAbs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Bi-Specific MAbs Market
Companies in the bi-specific MAbs market are increasingly investing in various strategic initiatives such as collaborations and partnerships to expand the product portfolio and geographical presence of the company.
Bi-Specific MAbs Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides bi-specific MAbs market overviews, analyzes and forecasts bi-specific MAbs market size and growth for the global bi-specific MAbs market, bi-specific MAbs market share, bi-specific MAbs market players, bi-specific MAbs market size, bi-specific MAbs market segments and geographies, bi-specific MAbs market trends, bi-specific MAbs market drivers and bi-specific MAbs market restraints, bi-specific MAbs market’s leading competitors’ revenues, profiles and market shares. The bi-specific MAbs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.