High cancer prevalence is one of the major factors which will influence the growth of the antibody drug conjugate market to a considerable extent.
Unhealthy lifestyle is on the rise across the globe. Due to this lifestyle, many people are obese, a prime reason for cancer. Research reveals that excess fat in the body could serve as an invitation to various types of cancer with uterine, kidney, esophageal, pancreatic, colorectal, and post-menopausal breast being the prominent ones.
Furthermore, elderly people are also at a high risk for cancer. Thus, the rising geriatric population is also an important indicator of growth. All these factors serve as growth generators for the antibody drug conjugate market.
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Antibody drug conjugates are biopharmaceutical drugs used for treating certain types of diseases. They are significantly used in cancer treatment. They comprise three components: a cytotoxic agent to eliminate cancer cells, a specific antibody for binding, and a chemical linker to connect the cytotoxic agent to the antibody. The fusion of these components increases its potency, eventually boosting the growth prospects. The utilization in treating breast cancer, urothelial cancrer, blood cancer, and bladder cancer will bring steady growth opportunities for the global market.
TMR Research has covered various aspects related to the growth of the antibody drug conjugate market in the report. The report mentions about numerous aspects that will lead the stakeholder to extensive success. Furthermore, the report reveals the threats and weaknesses of the antibody drug conjugate market to make the stakeholders and the CXOs aware so that they can plan their future business strategies accordingly. The COVID-19 impact has also been included in the report for more clarity on the current situation.
Antibody Drug Conjugate Market: Competitive Insights
The antibody drug conjugate market has diverse players that are involved in fierce competition. Research and development activities form the crux of the growth structure. The research activities lead to new discoveries and treatment options, eventually adding value to the growth of the antibody drug conjugate market.
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Strategic collaborations also have a major part in the overall growth of the antibody drug conjugate market. The players collaborate with research institutes and other entities to strengthen their research and development activities. Furthermore, the development of antibody drug conjugate with novel formulations also has a massive role in improving the growth trajectory.
Some well-entrenched players in the antibody drug conjugate market are Daiichi Sankyo Company Ltd., F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., ADC Therapeutics, AstraZeneca, Seagen, Inc.and Takeda Pharmaceutical Company Ltd.
Antibody Drug Conjugate Market: Recent Developments
Some recent developments are as follows:
- The Food and Drug Adminsitration (FDA) granted Fast Track designation for STRO-001, an antibody drug conjugate for treating primary peritoneal cancer.
- Two grants were recently issued by the National Institute of Health (NIH) totaling more than US$ 1.3 Mn focusing on antibody drug conjugate technology research.
These developments signal the growing influence of the antibody drug conjugates and bode well for the growth of the global market.
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Antibody Drug Conjugate Market: Regional Dimensions
The antibody drug conjugate market in North America is prognosticated to observe a dominating position between 2020 and 2030. The rising cases of cancer in the region coupled with increased awareness about antibody drug conjugate treatment will prove to be vital growth factors. Asia Pacific is also anticipated to record accelerating growth for the antibody drug conjugate market due to an increase in the research and development activities in the region.
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