The global next-generation antibody therapeutics market was worth $1,490.0 million in 2014, and it is expected to grow at a CAGR of 20.9% during 2015-2020. Oncology based next-generation antibody therapeutics dominated the global market in 2014. Whereas, on the basis of technology, the antibody-drug conjugates (ADCs) accounted for the highest share in the global next-generation antibody therapeutics market in the same year. The next-generation antibody therapeutics market is escalating with high growth rate due to several favorable macro-economic factors, including increased R&D activities. In addition, increasing incidence of chronic diseases is also driving the next-generation antibody therapeutics market at a significant rate. Next-generation antibody therapeutics is more advantageous as compared to traditional antibodies. Moreover, treatment using next-generation antibody therapeutics has lesser side effects as compared to other treatment options; as a result, the market for next-generation antibody therapeutics is expected to boost in near future.
Advancements in antibody technology have helped in the development of next-generation antibody therapeutics, such as ADCs and BsAbs, with improved features. Technological advancements in antibody therapeutics have been imparting positive impact on next-generation antibody therapeutics market, as people are increasingly adopting next-generation antibody therapeutics for getting efficient treatment. Next-generation antibody therapeutics market in developing economies, such as Asia-Pacific, Africa, and Latin America, have been growing at a significant pace due to rising economic active population, which is increasing people’s buying power; and increasing awareness for getting effective treatment.
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Government initiatives to provide complete healthcare with improved healthcare facilities are increasing the demand for advanced treatment options. Increasing healthcare expenditure makes next-generation antibody therapeutics reasonably priced, and hence, raising its adoption rate. Rising global gross domestic product (GDP) and increasing healthcare expenditure in various countries have a positive impact on growth of the next-generation antibody therapeutics market.
As a result of high potential of ADC technology, healthcare providers are specifically using ADC technology for the development of next-generation antibody therapeutics for the treatment of cancer. ADCs help in providing targeted therapy with minimum side effects in patients with cancer. The ADCs market, which increased at a CAGR of approximately 87.2% during 2011-2014, also boosted the market for next-generation antibody therapeutics during the period.
The restraints associated with next-generation antibody therapeutics market include high cost of next-generation antibody therapeutics and strict regulatory requirements and long approval time for new drug. Drug development is a complex process and involves various risk factors. Drug approval requires passing through a regulation process that is rigorous and time-consuming. Hence, strict regulatory requirements and extended approval time for new drugs have a negative impact on the growth of the next-generation antibody therapeutics market. In addition, high cost of next-generation therapeutics decreases its popularity among healthcare providers and patients, thus limiting its use. Healthcare organizations and researchers are focusing on a cost-effective manufacturing process to produce next-generation antibody therapeutics.
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The key companies operating in the global next-generation antibody therapeutics market include Kyowa Hakko Kirin Co., Ltd., Dyax Corp., AstraZeneca plc, F.Hoffmann-La Roche Ltd, Bayer AG, Pfizer, Inc., Seattle Genetics, Inc., Bristol-Myers Squibb Company, Takeda Pharmaceuticals Company Limited, and Biogen.
Report Coverage
• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of segments, applications, and segments of applications
• Highlights the competitive scenario of the market, major competitors, and benchmarking
• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics.
• Profiles provide better understanding of competition as well as the demands of the market.
Scope of Report
The research offers next-generation antibody therapeutics market size and market forecast for the period 2011 to 2020.
GLOBAL NEXT-GENERATION ANTIBODY THERAPEUTICS MARKET
• By Therapeutic Area – Oncology and autoimmune/ inflammatory
• By Technology – Antibody-drug conjugates (ADCs), Bispecific antibodies, Fc-engineered antibodies, antibody fragments and antibody-like proteins and biosimilar antibody products
• By Region – North America, Europe, Asia and Rest of the World
NEXT-GENERATION ANTIBODY THERAPEUTICS MARKET BY THERAPEUTIC AREA
• Oncology market breakdown by region
• Autoimmune/ inflammatory market breakdown by region
NEXT-GENERATION ANTIBODY THERAPEUTICS MARKET BY TECHNOLOGY
• Antibody-drug conjugates (ADCs) market breakdown by region
• Bispecific antibodies market breakdown by region
• Fc-engineered antibodies market breakdown by region
• Antibody fragments and antibody-like proteins market breakdown by region
• Biosimilar antibody products market breakdown by region
GLOBAL NEXT-GENERATION ANTIBODY THERAPEUTICS MARKET BREAKDOWN BY GEOGRAPHY
North America Next-Generation Antibody Therapeutics Market
• North America market breakdown by country – The U.S., and Rest of North America
Europe Next-Generation Antibody Therapeutics Market
• Europe market breakdown by country – Germany, The U.K., France, and Rest of Europe
Asia-Pacific Next-Generation Antibody Therapeutics Market
• Asia-Pacific market breakdown by country – China, Japan, South Korea and Rest of Asia-Pacific
Rest of the World Next-Generation Antibody Therapeutics Market
• Rest of the World (ROW) market breakdown by country – Brazil and Rest of ROW
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