The market is expected to reach $11.64 billion in 2026 at a CAGR of 22.7%. The global bi-specific mabs market is expected to grow from $3.80 billion in 2021 to $5.13 billion in 2022 at a compound annual growth rate (CAGR) of 34.9%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The bi-specific MAbs or bispecific monoclonal antibodies market consists of sales of bispecific monoclonal antibodies and related services. Bi-Specific MAbs are artificial proteins that can bind two or more antigens into a single product. Bispecific monoclonal antibodies are used to improve immune response in various medical conditions and finds its applications in the field of drug delivery and cancer immunotherapy.
Bispecific mAbs – Bispecific Antibodies Market Size & Market Analysis
The main types of bi-specific are catumaxomab (removab), blinatumomab, duligotumab, SAR 156597. Catumaxomab is a rat-mouse hybrid monoclonal antibody used to treat malignant ascites, a condition that occurs in people who have metastasizing cancer. The various product types include in vivo, in vitro that are used for the treatment of cancer, autoimmune diseases, inflammatory diseases, infectious diseases, microbial diseases and others. The bispecific monoclonal antibodies are used by hospitals, research institutes, others.
The increasing prevalence of cancer and other chronic diseases is projected to contribute to the growth of the bispecific monoclonal antibodies market over the forecast period. Bispecific monoclonal antibodies are developed for the treatment of various cancers, infectious diseases, central nervous system disorders, and autoimmune disorders. Bispecific monoclonal antibodies are considered to be more effective over monoclonal antibodies (moAbs) as these target two or more tumor antigens on cells to disrupt cancer progression.
According to the World Health Organization, cancer is the leading cause of death worldwide and is responsible for around 10 million deaths in 2020. Additionally, according to the Centers for Disease Control and Prevention, chronic diseases are among the most prevalent diseases with 6 out of 10 adults suffering from at least one chronic disease in the USA. Therefore, a rising number of chronic diseases including cancer is anticipated to propel the demand for bi-specific MAbs market to treat these diseases effectively.
The availability of various alternative treatment methods for cancer is expected to limit the growth of the bispecific monoclonal antibodies market. Alternative cancer treatment therapies and methods used for the treatment of cancer including dietary treatments, acupuncture, homeopathy, and herbal remedies are gaining popularity in recent years attributed to side effects of chemotherapeutic anticancer agents.
For instance, Ayurvedic medicine, an ancient Indian system of medicine uses a range of techniques and treatments for cancer. Many of the herbs used in Ayurveda have anti-cancer properties, for example, andrographis paniculata. According to the World Health Organization (WHO), some nations are still responding to plant-based treatment as their main medicine source and developing nations are using the benefits of natural compounds for therapeutic purposes.
Companies in the bispecific mAbs antibodies market are increasingly investing in various strategic initiatives such as collaborations and partnerships to expand the product portfolio and geographical presence of the company.
Major players in the bi-specific MAbs or bispecific monoclonal antibodies market are
- Johnson & Johnson
- Novartis AG
- Hoffmann-La Roche Ltd.
- Novo Nordisk A/S
- Bayer AG
- Thermo Fisher Scientific, inc.
- Bistro-Myers Squibb. Mylan N.V.
- Daiichi Sankyo Company, Ltd.
- Abbott
- AstraZeneca
- Eli Lilly
- Merck & Co. inc.
- Amgen inc.
- Pfizer inc.
- GlaxoSmithKline plc.
- Roche
- Sanofi
- Genentech
- Immunomedics
- Chugai Pharmaceutical
- EMD Serono
- Emergent BioSolutions
- Jounce Therapeutics
- MarcoGenics
- Merus
- Neovii Biotech
- NovImmune SA
- OncoMed Pharmaceuticals
- Pieris
- Regeneron Pharmaceuticals
Bispecific mAbs – Bispecific Antibodies Market Size & Market Analysis
Source : https://www.researchandmarkets.com/reports/5553759/bi-specific-mabs-global-market-report-2022