North America Monoclonal Antibodies Market Key Players Analysis, Opportunities and Growth Forecast to 2028


 The North America monoclonal antibodies market is expected to reach US$ 1,20,713.2 million by 2028 from US$ 54,629.4 million in 2021. The market is estimated to grow at a CAGR of 12.0% from 2021–2028.

North America Monoclonal Antibodies Market According to the International AIDS Vaccine Initiative (IAVI) report, the development of mABs is one of the fastest-growing segments of biomedical research. For records, more than 50 mABs were licensed in the last six years, and in 2019, seven of the ten best-selling novel drugs for cancer and autoimmune diseases were mABs. Further, with the growing number of non-communicable and infectious diseases, for which mABs are or might prove effective treatment, there is certainly an accelerating demand for such products. For example, mABs sales are predominant in the US. North America Monoclonal Antibodies Market As the percentage of mABs in the development pipeline increases, more and more mABs will enter the market, and the disparity in access between high-income countries and the rest of the world will worsen. Furthermore, a few combinations of mABs are also being developed to address many diseases, including chronic infections and cancer. North America Monoclonal Antibodies Market On the other hand, several counties are taking strong initiatives to shorten the regulatory process for mABs effective for treating chronic diseases. For records, in early 2019, the CFDA approved three mABs from domestic developers and ten mABs from multinational pharmaceutical companies. Such factors are stimulating the uptake of mABs, aiding the market significantly.

 North America Monoclonal Antibodies Market Favorable government regulations in North America regional market authorizes monoclonal antibodies during the onset of the pandemic. For instance, in December 2021, North America Monoclonal Antibodies Market The US Food and Drug Administration (FDA) announced Emergency Use Authorization (EUA) for AstraZeneca’s Evusheld (tixagevimab co-packaged with cilgavimab and administered together) intended for pre-exposure prophylaxis of COVID-19 for certain adults and pediatric individuals. As monoclonal antibodies are laboratory manufactured proteins involved in mimicking the immune system's ability to fight off harmful pathogens such as viruses. Therefore, "Tixagevimab" and "cilgavimab" are long-acting monoclonal antibodies particularly directed for spike protein of SARS-CoV-2. North America Monoclonal Antibodies Market Apart from that, favorable funding for development of biologics further enhanced the market growth for monoclonal antibodies during the onset of pandemic in North America regional market. For example, the US International Development Finance Corporation (DFC) announced furnishing of US$50 million to Biological E Limited for increasing COVID-19 vaccine manufacturing capacity. Also, favorable policy relating to product approvals for biologics by the FDA positively impacts the market growth.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00027987

Segments Covered       

By Source

  • Human
  • Humanized
  • Chimeric
  • Murine

By Production Method

  • In-Vitro
  • In-Vivo

By Indication

  • Cancer
  • Autoimmune Diseases
  • Infectious Diseases
  • Inflammatory Diseases
  • Microbial Diseases

By Application

  • Therapeutic Applications
  • Diagnostic Applications
  • Research Applications

By End-User

  • Hospitals
  • Research Institutes

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-monoclonal-antibodies-market

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Novartis AG

Pfizer Inc.

GlaxoSmithKline plc.

Amgen Inc

DAIICHI SANKYO COMPANY, LIMITED

F. Hoffmann-La Roche Ltd.

AstraZeneca

Eli Lilly and Company

Bayer AG

Bristol-Myers Squibb Company

North America Monoclonal Antibodies Market

The monoclonal antibodies (mAbs) market in North America has witnessed substantial growth in recent years, driven by advances in biotechnology, an aging population, and an increased prevalence of chronic diseases. North America Monoclonal Antibodies Market As monoclonal antibodies (mAbs) continue to revolutionize medical treatments across a broad spectrum of diseases such as cancer, autoimmune disorders, and infectious diseases, North America, particularly the United States and Canada, remains one of the most lucrative and rapidly expanding regions for the mAb industry. This article provides an in-depth analysis of the North American monoclonal antibodies market, highlighting key trends, drivers, challenges, and future outlooks.

Overview of Monoclonal Antibodies

North America Monoclonal Antibodies Market Monoclonal antibodies are laboratory-made molecules that act as substitutes for natural antibodies. They are designed to target specific antigens found on pathogens, cancer cells, or other disease-causing agents in the body. North America Monoclonal Antibodies Market By binding to these antigens, mAbs can help to neutralize harmful invaders, mark them for destruction by the immune system, or block certain biological pathways that contribute to disease progression.

North America Monoclonal Antibodies Market Since their first approval in the 1980s, monoclonal antibodies have become one of the most powerful tools in modern medicine. North America Monoclonal Antibodies Market They are currently used in the treatment of various conditions, ranging from cancer (e.g., trastuzumab for HER2-positive breast cancer) to autoimmune diseases (e.g., adalimumab for rheumatoid arthritis) and infectious diseases (e.g., palivizumab for respiratory syncytial virus).

Market Dynamics

1. Market Drivers

The North American monoclonal antibodies market is driven by several key factors:

a) Rising Incidence of Chronic Diseases: The increasing prevalence of chronic diseases such as cancer, diabetes, and autoimmune disorders is one of the primary drivers for the demand for monoclonal antibodies. In the United States, cancer remains one of the leading causes of death, with an estimated 1.9 million new cases diagnosed in 2021 alone. As healthcare systems place more focus on personalized medicine and biologics, mAbs have become the cornerstone of targeted therapies for these diseases.

b) Aging Population: As the population ages, the incidence of age-related diseases rises, further propelling the demand for innovative treatments. North America, particularly the U.S., has one of the fastest-growing elderly populations, and older individuals are more prone to diseases such as cancer, Alzheimer's, and rheumatoid arthritis. Monoclonal antibodies have proven highly effective in treating many of these conditions, which in turn fosters market growth.

c) Advancements in Biotechnology and Drug Development: The rapid advancement of biotechnology and the growing focus on research and development (R&D) activities have significantly accelerated the production of new monoclonal antibodies. Biotechnological innovations, such as the development of bispecific antibodies (mAbs that can bind to two different antigens simultaneously) and antibody-drug conjugates (ADCs), are enhancing the therapeutic potential of monoclonal antibodies.

d) FDA Approvals and Increased Acceptance: In recent years, the U.S. Food and Drug Administration (FDA) has accelerated the approval of new monoclonal antibodies, further expanding their market reach. Many of these newly approved mAbs are designed for rare or orphan diseases, a growing segment of the market, as well as for previously untreatable conditions. As mAbs receive approval for a wider range of indications, their usage increases.

e) High Demand for Targeted Therapies: Monoclonal antibodies provide highly targeted therapies that are less toxic compared to traditional treatments like chemotherapy. As a result, both patients and healthcare providers are increasingly opting for mAb therapies that promise fewer side effects and better outcomes.

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