Global Cancer Monoclonal Antibodies Market

Cancer Monoclonal Antibodies Market Size, Share, Growth Analysis, By Type (Human, Chimeric), By Application (Blood Cancer, Breast Cancer), By End-user (Hospitals, Research Institutes), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35H2308 | Region: Global | Published Date: November, 2024
Pages: 211 | Tables: 88 | Figures: 71

Cancer Monoclonal Antibodies Market News

  • In June 2022, the application from Merck for KEYTRUDA was approved by FDA as an adjuvant therapy for Stage IB-IIIA non-small cell lung cancer following surgical resection.
  • In February 2022, the FDA approved CARVYKTI, ciltacabtagene autoleucel, cilta-cel, developed by Janssen Pharmaceutical Companies of Johnson & Johnson, for the treatment of adults with RRMM who have received four or more prior lines of therapy, including a proteasome inhibitor, an immunomodulatory drug, and an anti-CD38 monoclonal antibody.
  • In January 2022, CDE approved an Akeso Phase II clinical trial of the monoclonal antibody ligufalimab (AK117) and the bispecific antibody ivonescimab (AK112) for first-line breast cancer.
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Cancer Monoclonal Antibodies Market size was valued at USD 87.5 Billion in 2023 and is poised to grow from USD 103.6 Billion in 2024 to USD 400.1 Billion by 2032, growing at a CAGR of 18.40% during the forecast period (2025-2032).

Most of the companies are promptly choosing partnership, mergers, and acquisitions in developing and economically viable regions other than strategic alliances. For instance, in March 2022, Sanofi and Seagen Inc. entered an exclusive agreement for the design, development, and commercialization of ADCs targeting up to three cancer targets. 'AbbVie Inc. (US) ', 'Amgen Inc. (US) ', 'Merck & Co., Inc. (US) ', 'Bristol-Myers Squibb Company (US) ', 'Gilead Sciences, Inc. (US) ', 'Takeda Pharmaceutical Company (Japan) ', 'AstraZeneca plc (UK) ', 'Eli Lilly and Company (US) ', 'Regeneron Pharmaceuticals, Inc. (US) ', 'BeiGene, Ltd (China) ', 'Biogen Inc. (US) ', 'Recordati Industria Chimica e Farmaceutica S.p.A (Italy) ', 'Pfizer (US) ', 'Spectrum Pharmaceuticals, Inc. (US) ', 'Iovance Biotherapeutics, Inc. (US) ', 'Exelixis, Inc. (US) ', 'OncoOne (US) ', 'CureVac AG (Germany) ', 'Cellerant Therapeutics, Inc. (US) ', 'Celltrion, Inc. (South Korea) ', 'Faron Pharmaceuticals Ltd. (Finland)'

The cancer monoclonal antibodies market has been highly influenced by the growing prevalence of cancer across the globe. Growing cases of cancer are necessitating the need for advanced and effective treatment solutions. Compared to traditional medicines, monoclonal antibodies are considered, especially for their precise targeting of cancerous cells, which frequently enhances the outcomes of patients and reduces side effects. Coupled with an ever-increasing demand for newer and innovative therapies, this demographic also creates a rationale for encouraging funds in R&D. Increased awareness of cancer, which enables early detection, furthers this booming market for these drugs and, in turn, encourages further development in cancer therapy.

Emergence of Combination Therapy: One of the major trends in the cancer monoclonal antibodies market is the growing use of combination therapy. The administration of monoclonal antibodies together with other modes of treatment, such as immunotherapies, targeted treatments, or chemotherapy, has almost become a norm. It tries to attack multiple processes of cancer simultaneously, reduce resistance, and improve the efficacy of therapies. The combination of immune checkpoint inhibitors with monoclonal antibodies is such an instance, where deeper immune responses against tumor cells are mounted; this combination has brought promising improvement in patient outcomes. This trend therefore stipulates that the complexity of cancer is being put into light, and more diversified approaches toward treatments, hence more personalized and powerful options in treatments.

North America dominated the cancer monoclonal antibodies market with a dominant market share of 38.51% in 2023, and the region constituted the leading market due to strategic initiatives that had a big impact on market dynamics. One such instance can be viewed in the extensive global collaboration deal inked by AbbVie and I-Mab in September 2020. The collaboration agreement seeks the further development and commercialization of lemzoparlimab, a novel anti-CD47 monoclonal antibody for the treatment of multiple malignancies. This agreement opens possibilities for future cooperation in CD47-associated therapeutic molecules and at the same time reaffirms commitments toward the development of cancer therapeutics.

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Global Cancer Monoclonal Antibodies Market

Report ID: SQMIG35H2308

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