Vancouver, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The global monoclonal antibodies market size was USD 204.42 billion in 2022 and is expected to register a revenue CAGR of 10.8% during the forecast period. The global monoclonal antibodies market is poised for significant growth, driven by factors such as the rising adoption of personalized medicine, expanding regulatory approvals for monoclonal antibodies, and continuous technological advancements in biotechnology and immunology. These factors, along with the increasing prevalence of cancer and infectious diseases, are contributing to a surge in demand for effective and targeted monoclonal antibody-based therapies. The market witnessed substantial developments in 2022, with major players actively contributing to advancements in monoclonal antibody-based treatments. Notably, GlaxoSmithKline plc. (GSK) and iTeos Therapeutics announced a promising partnership for the development and commercialization of EOS-448, an anti-TIGIT monoclonal antibody, showcasing the potential for next-generation immuno-oncology therapies.

Despite the positive trajectory, challenges such as the impact of the COVID-19 pandemic on manufacturing processes, higher associated manufacturing costs, and a shortage of skilled professionals have hindered revenue growth. Recent safety concerns and FDA cautionary messages regarding specific monoclonal antibodies for COVID-19 treatment, especially in light of the omicron variant, have added complexity to the market dynamics.

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Key Market Insights:

Source Insights:

Indication Insights:

End-Use Insights:

Regional Insights:

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Scope of Research

MAJOR COMPANIES and Market Share Analysis

The global monoclonal antibodies market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective monoclonal antibodies solutions. Some major players included in the global monoclonal antibodies market report are:

Strategic Development

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Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global monoclonal antibodies market on the basis of source, indication, production type, end-use, and region:

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Monoclonal Antibodies Market Size Worth USD 572.62 Billion in ... - GlobeNewswire