Bispecific Antibody Therapeutics Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment’s, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.
In 2018, approximately 4,285,033 new cancer cases were detected in China, according to Globocan’s estimations. As a result, the increased global prevalence of cancer necessitates new therapeutic choices, driving up demand for bispecific antibodies. Bispecific antibodies (BsAbs) are antibodies that can bind two distinct antigens simultaneously (or different epitopes of the same antigen). BsAbs have mostly been used to reroute cytotoxic immune effector cells for improved tumor cell killing via antibody-dependent cell-mediated cytotoxicity (ADCC) and other cytotoxic processes mediated by effector cells.
Data Bridge Market Research analyses that the bispecific antibody therapeutics market was valued at USD 523.98 million in 2021 and is expected to reach USD 900.29 million by 2029, registering a CAGR of 7.0% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
In a single molecule, bispecific antibodies have two antigen-binding sites. Bispecific antibodies appear in a variety of sizes and shapes, ranging from tiny proteins with two associated antigen-binding fragments to massive IgG-like molecules with additional domains. The therapeutic success of currently existing bispecific antibodies has accelerated bispecific antibody development in oncology. According to Globaldata’s database, 106 bispecific antibody compounds are in development. 45 of the 106 bispecific antibody medicines in clinical development are aimed mostly at blood cancers, while the rest are aimed at solid tumors, mostly lung and gastrointestinal cancers.
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Bispecific Antibody Therapeutics Market Dynamics
Drivers
High prevalence rate of cancer
The rise in prevalence rate of cancer across the globe will act as a major driver that will result in the expansion of the market’s growth rate. According to the World Health Organization (WHO), cancer, after cardiovascular disorders, is the world’s second greatest cause of death, according to the World Health Organization (WHO). It is, nonetheless, one of the most preventable chronic non-communicable diseases. Reduced tobacco use, healthier diets and physical exercise, reduced alcohol usage, and other measures can save approximately 40% of all cancer deaths. Sedentary lifestyle adoption is on the rise, indicating that a huge number of people are active, putting them at a higher risk of contracting cancer. Furthermore, a sedentary lifestyle that includes the consumption of fast food and packaged materials increases the risk of cancer. As a result, an increase in sedentary lifestyle adoption reflects an increase in cancer incidences, necessitating the development of improved cancer therapies.
Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of the bispecific antibody therapeutics market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, a surging number of government initiatives to spread awareness and increasing the geriatric population will result in the expansion of the bispecific antibody therapeutics market. Along with this, changing lifestyle of people and growing government favorable initiatives will enhance the growth rate of the market.
Opportunities
Increase in the number of research and development activities
Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the bispecific antibody therapeutics market growth.
Rising number of strategic collaborations
Key players in the global bispecific antibodies market are also looking to buy companies that provide specialized products and projects with the potential to produce significant income. Manufacturers in the market attempt to have a stronger product portfolio than their competitors by acquiring these companies. Amgen Inc. announced the acquisition of Five Prime Therapeutics in March 2021. Amgen’s premier cancer portfolio now includes Five Prime’s breakthrough pipeline. These factors will boost new market opportunities during the forecast period of 2022-2029.
Global Bispecific Antibody Therapeutics Market Scope
The bispecific antibody therapeutics market is segmented on the basis of indication, drugs, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Indication
Oncology
Others
Drugs
Blinatumomab
Catumaxomab
Duligotumab
Others
Route of Administration
Intravenous
Subcutaneous
Others
End-Users
Hospitals
Specialty Clinics
Homecare
Others
Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Others
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Bispecific Antibody Therapeutics Market Regional Analysis/Insights
The bispecific antibody therapeutics market is analysed and market size insights and trends are provided by country, indication, drugs, route of administration, end-users and distribution channel as referenced above.
The countries covered in the bispecific antibody therapeutics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the bispecific antibody therapeutics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing demand for specific treatment and rising healthcare expenditure will further propel the market’s growth rate in this region. Additionally, the presence of major key players and rise in adoption of newer technologies will further propel the market’s growth rate in this region.
Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2022-2029 due to growing cases of cancer in this region. Also, the development of healthcare infrastructure and rising government initiatives will further propel the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bispecific Antibody Therapeutics Market Share Analysis
The bispecific antibody therapeutics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bispecific antibody therapeutics market.
Some of the major players operating in the bispecific antibody therapeutics market are:
Pfizer Inc. (U.S.)
GlaxoSmithKline plc (U.K.)
Novartis AG (Switzerland)
Sanofi (France)
AstraZeneca (U.K.)
F. Hoffmann-La Roche Ltd. (Switzerland)
Eli Lilly and Company (U.S.)
Allergan (Ireland)
Innovent Biologics, Inc. (China)
Adimab (U.S.)
Affimed GmbH (Germany)
Xencor (U.S.)
Pieris Pharmaceuticals, Inc. (U.S.)
Mereo BioPharma Group plc (U.K.)
Sobi (Sweden)
TG Therapeutics, Inc (U.S.)
Merus (Netherlands)
MacroGenics, Inc (U.S.)
Genmab A/S (Denmark)
Emergent BioSolutions Inc (U.S.)
Alteogen (South Korea)
Astellas Pharma Inc. (Japan)
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Research Methodology:
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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