Monoclonal antibodies are laboratory-produced antibodies structured to be the substitute of natural antibodies which can enhance or mimic the immune system's attack on harmful cells. Monoclonal antibody therapy is a type of immunotherapy which requires monoclonal antibodies to bind specifically to certain type of cells and proteins which stimulates the immune system to attack those cells. Currently, it is possible to produce monoclonal antibodies specific to any extracellular target and research is being carried out to amplify the application scope of the monoclonal antibodies in different areas of medical science. Globally, the market for monoclonal antibody therapy is growing rapidly and it is expected to grow at the rate of about XX% from 2016 to 2022.
Segments
Monoclonal antibody therapy market has been segmented on the basis of source which comprises of recombinant, chimeric, humanized, human, and other. On the basis of application, market is segmented into diagnostic test, analytical and chemical uses, cancer treatment, autoimmune diseases, hematological disorders, and others. On the basis of end users, market is segmented into hospitals, clinic, research laboratories and others.
Regional Analysis of Monoclonal Antibody Therapy Market
Globally North America is the largest market for monoclonal antibody therapy. Europe is the second-largest market. Furthermore Asia pacific market is expected to be the fastest growing market for monoclonal antibody therapy.
Key Players for Monoclonal Antibody Therapy Market
Some of the key players in this market are: AbbVie Inc., Amgen Inc., Bayer AG, Biogen Inc., Bristol – Myers Squibb Company, F. Hoffmann-La Roche Ltd., GenScript, GlaxoSmithKline Plc., Johnson & Johnson, Merck KGaA, Novartis AG, Pfizer Inc., Sanofi, Sigma-Aldrich Co. LLC, and others.
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