A recent study by Global Market Studies has shown that the Antibody Drug Conjugates Market is rapidly growing at a CAGRof 26.7% and is expected to reach a value of USD 20.64 billion by 2028.
The antibody-drug conjugates (ADCs) market refers to the pharmaceuticals market for a class of targeted cancer therapies that use monoclonal antibodies to deliver cytotoxic agents directly to cancer cells. ADCs are a type of precision medicine that has shown promising results in clinical trials for the treatment of various types of cancers, including breast cancer, lymphoma and leukemia.
The global ADC market has been growing rapidly over the past few years and it is expected to continue to grow at a significant rate in the coming years. Factors driving the growth of the market include the increasing prevalence of cancer, the growing demand for targeted therapies and the ongoing development of new ADCs.
The rising incidence of cancer worldwide is a major driver of the ADC market. According to the World Health Organization (WHO), cancer is the second leading cause of death globally and the number of new cancer cases is expected to increase by 50% in the next 20 years.
ADCs are highly targeted therapies that can deliver cytotoxic agents directly to cancer cells, reducing the risk of damage to healthy cells. This targeted approach has made ADCs an attractive option for cancer treatment and the demand for these therapies is expected to increase in the coming years. New technologies have enabled the production of more potent and effective ADCs.
Advances in molecular biology, genomics and bioinformatics have also enabled researchers to identify new targets and develop more effective ADCs. A strong pipeline of ADC candidates in development is providing significant opportunities for growth in the ADC market. Major pharmaceutical companies are investing heavily in developing new ADCs, which is driving the market’s growth. In addition, government initiatives and funding are also contributing to the growth of the ADC market.
Restraints & Challanges:
The development and manufacturing of ADCs is complex and costly which can limit the availability and affordability of these therapies. While ADCs have shown promising results in the treatment of some types of cancer, they may not be effective in all types. This limits the potential patient population and the market for these therapies.
Like all cancer therapies, ADCs can cause side effects, including fatigue, nausea and anemia. However, the cytotoxic agents used in ADCs can also cause more severe side effects, such as liver and heart damage. Moreover, the regulatory approval process for ADCs can be complex and time-consuming, which can delay the availability of these therapies to patients.
ADCs face competition from other targeted therapies as well, such as immunotherapies and small molecule inhibitors, which can inhibit the market for these therapies.
• In December 2022, Biosion USA Inc. entered a collaboration with ImmunoGen Inc. to create antibody drug conjugates (ADCs) for the treatment of cancer. In the joint research effort, Biosion would leverage its proprietary SynTrace high-throughput (HT) endocytosis platform to generate highly selective antibodies to targets and ImmunoGen would provide its proprietary linker-payload technology to create novel ADCs.
• In September 2022, Pheon Therapeutics financed USD 68 million to develop antibody drug conjugates (ADCs) for the treatment of solid tumors.
Seagen Inc., ImmunoGen Inc., Mersana Therapeutics, Pfizer, F Hoffmann-La Roche Ltd, Biosion USA Inc., Pheon Therapeutics.
Frequently Asked Questions
1) What is the projected market value of the Antibody Drug Conjugates Market?
– The Antibody Drug Conjugates Market is expected to reach a value of USD 20.64 billion by 2028.
2) What is the estimated CAGR of the Antibody Drug Conjugates Market over the 2023 to 2028 forecast period?
– The Antibody Drug Conjugates Market is expected to grow at a CAGR of approximately 26.7% from 2023 to 2028.
3) Who are the key players in the Antibody Drug Conjugates Market?
– Seagen Inc., ImmunoGen Inc., Mersana Therapeutics, Pfizer, F Hoffmann-La Roche Ltd, Biosion USA Inc, Pheon Therapeutics
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