The Europe Cancer Monoclonal Antibodies Market is a USD 7 billion market in 2015 and is estimated to reach USD 11.8 billion by 2020 with a growth rate of 10.9%. Cancer is the cause of death for millions of people around the world. Cancer, which starts from a single cell is gradually transformed to other cells by genetically transforming a normal cell to tumour. The dramatic increase in the size of cancer patients has made the pharmaceutical firms to shift their focus towards monoclonal antibodies market. The traditional way of treating cancer includes usage of drugs like chemotherapy agents which has adverse side effects. This prompted the usage of monoclonal antibodies to treat cancer.
Recent years have seen the emergence of monoclonal antibodies owing to its potentiality to offer less toxic and highly efficient alternatives to the patients. The antibodies has the ability to treat many diseases related to inflammatory, autoimmune and especially cancer. The antibodies comprises of identical cells which are clones of a single parent cells and directed towards specific targets cells. Thus monoclonal antibodies due to its specificity to target only cancer cell leaving behind the healthy one, can be a more efficient way of treating cancer than chemotherapies or drugs.
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Increased prevalence of cancer disease is the primary driver for the market. It has led many pharmaceutical companies to invest heavily in monoclonal antibodies due to its customizable nature of attacking only the cancer cell. The other drivers for the market include increasing investments in R&D of genomic studies, advancements in target gene selection and genetic sequencing and specificity of antibodies to target only the cancer cells. There are also hurdles prevailing for the monoclonal antibodies market like high costs of development, strict guidelines by the governments, longer periods required for clinical trials and research & development.
- By Application
- Hodgkins and Non-Hodgkins lymphoma
- By Type
- Murine Antibodies
- Chimeric and Humanised Antibodies
- Fully Humanized Antibodies
- Conjugate Cancer Therapies
- Geographical Analysis
Many pharmaceutical companies and governments are funding huge sums for research & development of monoclonal drugs to use it as a tool to cure cancer. The majors firms in the industry are Bristol Myers Squibb, Amgen, Eli Lilly, Genmab, Glaxosmithklinne, Novartis, Roche, Immunogen, Seattle Genetics and Spectrum Pharmaceuticals.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.