About Combination Antibody Therapy
Growing prevalence’s of cancer will help to boost global combination antibody therapy market. The proportion of deaths around the world due to cancer has improved unusually in the last few years. According to the World Health Organization (WHO), cancer accounts for more than 8 million deaths each year, with about 70% of new cancer cases anticipated to be reported over the next 20 years. Each cancer type needs exceptional treatment and chemotherapy is one of them.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Combination Antibody Therapy 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.
Biogen Inc. (United States), Roche Holdings AG (Germany), Seattle Genetics Inc. (United States), Amgen incorporated (United States), Bristol-Myers Squibb Company (United States), Eli Lilly and Company (United States), Novartis AG (Switzerland), Sanofi (France), Celgene Corp (United States) and Genmab A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mersana Therapeutics (United States), Gilead Sciences (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Combination Antibody Therapy market by Type (Chemotherapy/Antibody, Antibody/Antibody, Conjugated Antibodies and Bispecific Antibodies), Application (Lung Cancer, Blood Cancer [Lymphoma, Leukemia, Myeloma], Breast Cancer, Colorectal Cancer and Others) and Region.
On the basis of geography, the market of Combination Antibody Therapy 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Combination Antibody Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness Regarding the Treatment Options for Cancer and Growing Use of Advanced Technology
Market Growth Drivers:
Rising Prevalence of Cancer and Robust Development in the Chemotherapy/Antibody
Challenges:
Increasing cost of treatment.
Restraints:
High Cost Associated with Combination Antibody Therapy
Opportunities:
Growing Healthcare Expenditure in Emerging Countries
Market Leaders and their expansionary development strategies
In December 2023, NAYA Biosciences Inc., a company which has recently signed a definitive merger agreement with INVO Bioscience to establish an expanded, publicly-traded life science company dedicated to increasing patient access to breakthrough treatments in fertility, oncology, and regenerative medicine, and ONK Therapeutics, an innovative cell therapy company dedicated to developing the next generation of optimally engineered off-the-shelf natural killer (NK) cell therapies, announced that they have entered into a research partnership to evaluate combination therapy consisting of NAYA's FLEX-NK™ bispecific antibodies and ONK's optimally engineered natural killer (NK) cells.
In July 2022, Brii Bioscience Limited, a multi-national company developing innovative therapies for diseases with significant unmet medical needs and large public health burdens, and TSB Therapeutics, a joint venture majority-owned by the Company, announced the commercial launch of the amubarvimab/romlusevimab combination, a long-acting COVID-19 neutralizing antibody therapy, in China.
Key Target Audience
Treatment Providers, Healthcare Institutes, Industry Association, Downstream Vendors, Government Regulatory Bodies, Government and Private Research Organizations and Others
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.