Global Combination Antibody Therapy Market: Overview
The global combination antibody therapy market has undergone revolutionary progress in the past few years owing to continued focus on development of targeted cancer therapies that lead to fewer side effects. Targeted cancer therapies fight cancer cells with more precision, attacking only the molecules that are necessary for growth and progression of a tumor, and lead to potentially fewer side effects. So unlike traditional cytotoxic chemotherapies, which interfere with the process of cell division and kill rapidly dividing cells in the body, also killing healthy cells in the process, targeted therapies such as combination antibody are found to be more effective.
As the global set of cancer patients continues to expand exponentially and the awareness regarding the benefits of newer therapies increases, consumers are moving from standard approaches, which mostly emphasized upon cytotoxic chemotherapy, to a more specific approach through personalized medicine strategies that exploit factors such as particular vulnerabilities, dependencies, and characteristics of cancer cells. Most notably, substantial research activities in the field of cancer are leading to a boost in the development of small molecule combination antibody therapies.
Global Combination Antibody Therapy Market: Segmentation
The market has been segmented based on criteria such as combination, application, end-user, and geography. Based on combination, the market has been segmented into antibody/antibody, bispecific antibodies, conjugated antibodies, and chemotherapy/antibody. Of these, the segment of antibody/antibody is likely to account for the dominant share in the revenue of the global market over the report’s forecast period. This will be made possible by the high preference of consumers as well as healthcare practitioners to this combination on account of its low rates of side effects. The segment of chemotherapy/antibody therapy will also gain considerable traction over the forecast period owing to the high popularity of chemotherapy in a number of regional markets.
Based on application, the combination antibody therapy market has been segmented into ailments such as blood cancer, lung cancer, and breast cancer colorectal cancer. The segment of blood cancer is further segmented into lymphoma, myeloma, and leukemia. Of these, the combination antibody therapy market is expected to gain the most from the lung cancer and breast cancer segments owing to the rising prevalence of these cancers across the globe. The segment of lung cancer, especially, will emerge as one of the leading contributors of growth opportunities as the number of active and passive smokers rises across the globe at an exponential rate.
Based on end-users, the combination antibody therapy market is segmented into cancer research institutes, hospitals, and clinics. Of these, the segment of hospitals is likely to remain the most preferred destination for combination antibody therapies owing to well-developed infrastructures and the continuous rise in number of specialty hospitals across the globe.
Global Combination Antibody Therapy Market: Geographical and Competitive Dynamics
Geographically, the market in North America is likely to emerge as one of the leading contributors of revenue opportunities to the global combination antibody therapy market over the report’s forecast period. The regional market will demonstrate promising growth opportunities owing to the well-established healthcare, high expenditure on healthcare and cancer research, and the presence of some of the leading companies operating in the field of combination antibody therapy.
The market in Asia Pacific also holds promising growth opportunities and is likely to present highly lucrative growth opportunities to the global combination antibody therapy market over the forecast period. The regional market is likely to outpace other regional markets owing to better penetration of combination antibody therapies emerging countries in the region such as India, Japan, China, South Korea, and Australia and the increased demand for more effective cancer therapies from an exponentially rising set of cancer patients.
Some of the leading companies operating in the global combination antibody therapy market are Roche Holdings AG, Bristol-Myers Squibb Company, Biogen Inc., Amgen incorporated, Sanofi, Celgene Corp, Novartis AG, Eli Lilly and Company, Genmab A/S, and Seattle Genetics Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.