About Bispecific Antibodies
Bispecific antibody (BsAb) is an artificial protein made up of fragments from two monoclonal antibodies that can bind to two different types of antigens. The most well-studied application of bispecific antibodies is cancer immunotherapy. BsAb has a broader range of uses, including lung, breast, and colon cancer. The major players in the global bispecific antibodies market are concentrating their efforts on developing and launching new products. These medications are still under development and are expected to have a promising future. Manufacturers are always attempting to improve these items in response to the increased occurrence of cancer, which necessitates better therapeutic treatment.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Bispecific Antibodies market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amgen, Inc. (United States), Bayer AG (Germany), Dow Pharmaceutical Solutions, ImmunGene, Inc., Immunocore Limited (United Kingdom), Merck & Co., Inc. (United States), Novartis AG (Switzerland), Pfizer, Inc. (United States) and F. Hoffmann-La Roche AG (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bispecific Antibodies market by Type (Trifunctional Antibodies, Chemically Linked Fabs and Bispecific T Cell Engagers (BiTEs).), Application (Hospitals, Diagnostic Centers and Academic and Research Institutes) and Region.
On the basis of geography, the market of Bispecific Antibodies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drug, the sub-segment i.e. Blinatumab will boost the Bispecific Antibodies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. Cancer will boost the Bispecific Antibodies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital pharmacies will boost the Bispecific Antibodies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2021, Research & development group of Eli Lilly and Company, Loxo Oncology collaborated with Netherlands-based biotechnology company, Merus N.V. to discover Novel T-Cell re-directing bispecific antibodies. With this collaboration, Loxo Oncology will be responsible for additional research, development, and commercialization activities, while Merus will lead discovery and early-stage research activities. The transaction will also allow Loxo Oncology to leverage Merus' proprietary Biclonics platform for R&D of three CD3-engaging T-cell re-directing bispecific antibody therapies.
In December 2020, Pfizer reported positive clinical data for BCMA-CD3 bispecific antibody in multiple myeloma., and In January 2019, the Chinese Academy of Medical Sciences & Peking Union Medical College developed a new bispecific aptamer that enhances immune cytotoxicity against MUC1-positive tumor cells.
In June 2022, Roche Holding AG, a pharmaceutical company received approval from European Commission for its first CD20xCD3 T-cell engaging bispecific antibody. The approval is specifically for the treatment of adult patients with relapsed or refractory FL and who have received at least two prior systemic therapies.
Market Drivers
- Rising Prevalence of Different Types of Cancer
- Manufacturers in the market are Collaborating with Regional Biotech Companies for the Development of Bispecific Antibodies
Opportunities
- Favorable Initiatives Taken by the Federal Government
- Increasing Healthcare Access and Awareness in Developing Region
Restraints
- Technical Complexity associated with the Treatment Procedure (detection) of Bispecific Antibodies
Challenges
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Bispecific Antibodies Provider and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.