Global Next Generation Antibody Therapies Market: Overview
Antibody therapy aka immunotherapy involves using antibodies that have been created in a laboratory to attack an antigen on a cancer cell. Antibody therapy either works independently, with chemotherapy, or is delivered with other therapies.
Immunotherapy is a targeted therapy which is preferred over chemotherapy and radiotherapy as it is more precise, and thus reduces impact on normal cells. Due to this, antibody production has attracted the attention of researchers across the world. Research and development is also underway to create antibody fragments that only attack target cells, and do not trigger immune response unlike full body antibody.
As per the study presented by research analysts, the worldwide market for next generation antibody therapies could be segregated based on type of antibody, end-user, application, and region. Oncology, autoimmune diseases, and others are the segments based on application that could classify the next generation antibody therapies market.
Global Next Generation Antibody Therapies Market: Trends and Opportunities
The global market for next generation antibody therapies market is likely to display a double digit growth rate on the back of increasing efforts by biotechnology and pharmaceutical companies as well as research laboratories for the development of new antibodies. The new antibodies are being developed to treat diseases such as rheumatoid arthritis, cancer, and other chronic diseases.
Extensive research activities have led to the development of more than 30 immunoglobulin and their derivatives that have received approval for various indications. The antibody drugs that have received approval are used to treat diseases that affect a large patient pool, and also for indications that are subject to special regulatory procedures.
Antibody production is gaining the attention of researchers owing to several advantages such as high efficacy for several disease indication, wider therapeutic window, and easy development process.
Furthermore, research for the development of antibody drug conjugates is underway to boost the market in the upcoming years.
However, high cost of production of antibody drugs and limited commercial availability of antibody drug conjugates is posing a challenge to the growth of next generation antibody therapies market. Moreover, antibody drugs are subject to stringent mandates that are laid down by regulatory bodies such as the U.S. FDA.
Global Next Generation Antibody Therapies Market: Geographical Analysis
The mounting volume of research initiatives on antibodies carried out by pharmaceutical and biotechnology companies is the key factor behind the dominance of North America next generation antibody therapies market. North America being a traditional region for research activities also accounts for its lead position.
Europe is the second-leading market for next generation antibody therapies market as it is home to some world’s leading biotechnology and pharmaceutical companies.
Powered by growth in China and India, Asia Pacific is emerging as a key market for next generation antibody therapies market. This is mainly because of rising incidence of cancer and other chronic diseases, and a large population to conduct clinical trials. Further, increasing number of R&D initiatives and cost efficient research services are contributing to the growth of Asia Pacific next generation antibody therapies market.
Global Next Generation Antibody Therapies Market: Companies Mentioned
Prominent players in the global next generation antibody therapies market include Amgen Inc., Bristol-Myers Squib Company, F. Hoffmann-La Roche Ltd., Kyowa Hakko Kirin Co. Ltd., Pfizer Inc., Xencor Inc., AstraZeneca plc, Bayer AG, Genmab A/S, ImmunoGen Inc., 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.