According to the latest report by IMARC Group, titled "Cancer Monoclonal Antibodies Market Report by Antibody Type (Murine Antibodies, Chimeric Antibodies, Humanized Antibodies, and Others), Medication Type (Bevacizumab (Avastin), Rituximab (Rituxan), Trastuzumab (Herceptin), Cetuximab (Erbitux), Panitumumab (Vectibix), and Others), Application (Breast Cancer, Blood Cancer, Liver Cancer, Brain Cancer, Colorectal Cancer, and Others), End-User (Hospitals and Clinics, Pharmacies, Research Laboratories, and Others), and Region 2025-2033," the global cancer monoclonal antibodies market reached a value of USD 48.3 Billion in 2024. Cancer monoclonal antibodies refer to laboratory-produced molecules that are designed to treat cancer. These proteins are engineered to mimic the role of antibodies that are naturally produced by the human body to aid the immune system in fighting cancer cells. They further bind to the antigens that are present on the surface of cancer cells, trigger the destruction of cell membranes and block cell growth by obstructing the connection with growth-promoting proteins. As a result, numerous monoclonal antibodies, including murine, chimeric and humanized antibodies, are widely used in the treatment of liver, blood and breast cancer.
Global Cancer Monoclonal Antibodies Market Trends:
The market is primarily driven by the rising prevalence of cancer on the global level. This has increased the requirement for efficient cancer treatments, owing to which monoclonal antibody therapy is gaining prominence in the healthcare sector. Its clinical usage is widely associated with improved outcomes as compared to other forms of cancer therapies. Unlike conventional treatments, such as radiotherapy and chemotherapy, monoclonal antibodies target the cancer cells while leaving the healthy cells unaffected, which minimizes the side effects. The advent of next-generation sequencing (NGS) and target gene selection is acting as another major growth-inducing factor. These technologies have led to the development of cost-effective monoclonal antibodies, which are gaining widespread preference among healthcare professionals. Extensive research and development (R&D) activities in genomics, coupled with the rising healthcare expenditure and investments by government and private entities, are expected to provide an impetus to the market growth. Looking forward, the market value is projected to reach USD 65.5 Billion by 2033, expanding at a CAGR of 3.4% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Antibody Type, Medication Type, Application, End-User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico |
Companies Covered | AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Genmab A/S, GlaxoSmithKline Plc., Johnson & Johnson, Merck & Co. Inc., Novartis AG, Pfizer Inc., Roche Holding AG, Seattle Genetics Inc., Spectrum Pharmaceuticals Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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