Antibody Production Market Is Estimated To Reach $22.6 Billion By 2025: Grand View Research, Inc.1/28/2018 The global antibody production market is expected to reach a value of USD 22.6 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for therapeutic antibodies including monoclonal and polyclonal antibodies is a major factor that drives growth of the market during forecast period. Antibodies are the dominant biopharmaceuticals that specifically target the abnormal cells. Thus, many pharmaceuticals and biotechnology companies have begun to focus on the development of advanced antibodies for the treatment of chronic diseases such as cancer, rheumatic heart disease, and arthritis.
Patent expiry of several blockbuster monoclonal antibodies in the near future, is another major factor supporting the growth of the antibody production market. Several antibodies such as Avastin, Herceptin, and Mabthera are going to lose their patents in a few years. For instance, the patent of Herceptin (trastuzumab) expired in Europe in July 2014 and will expire in the U.S. in June 2019. Many companies such as Amgen Inc., Synthon, Biocon, and Pfizer Inc. are developing biosimilar for trastuzumab, which is expected to propel the demand for antibody production products. Full Research Report On Global Antibody Production Market Analysis: www.grandviewresearch.com/industry-analysis/antibody-production-market Further key findings from the report suggest:
View more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/biotechnology Grand View Research has segmented the antibody production market on the basis of type, process, end-use, and region: Antibody Production Type Outlook (Revenue, USD Million; 2014 - 2025)
www.grandviewresearch.com/press-release/global-antibody-production-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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