The Infinium Global Research analyzes the Biosimilar Monoclonal Antibodies Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global biosimilar monoclonal antibodies market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of biosimilar monoclonal antibodies. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the biosimilar monoclonal antibodies market during the period. The global biosimilar monoclonal antibodies market is projected to grow at a CAGR of 55.2% over the forecast period of 2018-2024.
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A monoclonal antibody is a type of protein made in the laboratory that can bind to substances in the body, including cancer cells. A monoclonal antibody is made so that it binds to only one substance to treat different types of cancer. There are several types of monoclonal antibodies that are being used to treat certain types of cancer. Laboratory production of monoclonal antibodies is produced from clones of only one cell which means that every monoclonal antibody produced by the cell is the same due to which they are called as biosimilar monoclonal antibodies. Each monoclonal antibody recognizes one particular protein. They work in different ways depending on the protein they are targeting; hence different monoclonal antibodies are required to be made to target different types of cancer.
Emerging Markets Owing to Relaxed Regulations are Expected to Provide More Opportunities for the Manufacturers of Biosimilar Drugs
The global biosimilar monoclonal antibodies market is driven by factors such as rising demand for biosimilar drugs owing to their cost-effectiveness, patent expiration of biologics, and prevalence of chronic diseases among geriatric population. However, unfavorable government regulations in developed economies and high cost associated with the manufacturing process are likely to act as a primary restraining factor affecting the global biosimilar monoclonal antibodies market over the forecast period. Moreover, emerging markets owing to relaxed regulations are expected to provide more opportunities for the manufacturers of biosimilar drugs.
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Europe is an Important Market for Biosimilar Monoclonal Antibodies Market
Among the geographies, Europe is an important market for biosimilar monoclonal antibodies market globally due to favorable regulatory policies designed by the European Medical Association (EMA) and since Europe was the first region to draft guidelines for approval of biosimilar products. The Asia pacific region accounted for the largest market size while North America biosimilar monoclonal antibodies market is projected to grow at a CAGR of x.xx% over the forecast period.
Biosimilar Monoclonal Antibodies Market: Segmentation
The report on global biosimilar monoclonal antibodies market covers segments such as, application and drug class. On the basis of application, the global biosimilar monoclonal antibodies market is categorized into diagnostic applications, therapeutic applications and protein purification. On the basis of drug class, the global biosimilar monoclonal antibodies market is categorized into rituximab, infliximab, abciximab, trastuzumab, adalimumab and bevacizumab.
Biosimilar Monoclonal Antibodies Market: Competitive Landscape
The report provides profiles of the companies in the global biosimilar monoclonal antibodies market such as, Pfizer, Inc., Novartis AG, Reliance Life Sciences, Allergan plc, Coherus BioSciences, Inc., Biocon, Boehringer Ingelheim GmbH, BioXpress Therapeutics SA, Intas Pharmaceuticals Limited and Genor BioPharma Co. Ltd.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the biosimilar monoclonal antibodies.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.