Global bispecific antibody market is expected to grow at a growing CAGR in the forecast period of 2019-2026. Increase in strategic alliances between the pharmaceuticals companies and high demand of disease specific novel therapies are the key factors that fueling the market growth.
The bispecific antibody report encompasses thorough analysis of market with respect to several factors about pharmaceutical industry that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The report presents you with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region. This bispecific antibody market report brings to you precise and exact market research information that drives your business into the right direction.
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Global bispecific antibody market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares global bispecific antibody market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major competitors currently working in the global bispecific antibody market are Adimab, Innovent Biologics, Inc, Affimed GmbH, Amgen Inc, AstraZeneca, Xencor, Sanofi, F. Hoffmann-La Roche Ltd, Regeneron Pharmaceuticals Inc, Eli Lilly and Company, Xencor, Pieris Pharmaceuticals, Inc, Mereo BioPharma Group plc, Sobi, TG Therapeutics, Inc, Merus, MacroGenics, Inc, Genmab A/S, Emergent BioSolutions Inc, Alteogen, Astellas Pharma Inc, Novartis AG, CELGENE CORPORATION and others.
Key Developments in the Market:
- In April 2019, Innovent Biologics, Inc in collaboration with Eli Lilly and Company initiated phase I trial of IBI318, a recombinant fully human IgG1 bispecific antibody targeting PD-1 and PD-L1 for the treatment of advanced malignancies. If trial successful, it will change the treatment landscape and improve the lives of millions of patients suffering from advanced malignancies.
- In June 2019, Regeneron Pharmaceuticals Inc reported topline positive results of REGN1979, a bispecific monoclonal antibody that targets B-cell tumor protein (CD20) and an immune system T-cell receptor (CD3) is developing for the treatment of relapsed or refractory (R/R) B-cell non-Hodgkin lymphoma. The trial demonstrated, 93% overall response (13 of 14 patients) and 71% complete response rates. If trial successful, expanding their market share and emphasizing their superiority.
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Segmentation: Global Bispecific Antibody Market
- Immunoglobulin G (IgG) Like Molecule
- Non Immunoglobulin G (IgG) Like Molecule
By Mechanism of Action
- Bispecific Diabodies
- Bispecific T-Cell Engager Antibodies
- Autoimmune Disease
By Route of Administration
By End Users
- Specialty Clinics
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- North America
- South America
- Middle East & Africa
- Ongoing clinical trial conducted by many pharmaceuticals industries is propelling the growth of this market
- Increase in special designation from the regulatory authorities is boosting the market growth
- Major advancements in linker technology is likely to drive the market
- High demand of disease specific novel treatment can also act as a market driver
- The competitive scenario of market and strategic collaborations may boost the market position
- Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market
- Low healthcare budget in some developing countries is hamper the market growth
- Patent expiration of branded drugs and introduction of generics is also hinders the market growth
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