According To the report Cancer Monoclonal Antibodies Market, published by Market Data Forecast, the global market is projected to reach $ 45 trillion by 2020 at a CAGR of 11.2% from 2015 to 2020th
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Monoclonal Antibodies (mAbs) are monoclonal antibodies of the same type. Thus Monoclonal Antibodies are highly customizable due to its specific nature and can play a crucial role in eliminating the cancerous cell while sparing the normal cells during the cancer treatment. The monoclonal antibodies are more effective than chemotherapies and drugs for cancer treatment due to its specificity.
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The dramatic increase in the cancer cases has led many pharmaceutical companies to invest in monoclonal antibodies market. Increasing investment in research and development of genomic studies, technological advancements in genetic sequencing and target gene selection, specificity of monoclonal antibodies to target only the cancer cells with no side effects are the driving forces of the market. With the increased prevalence of cancer, it is expected to grow in the pipeline.
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Global Monoclonal Antibodies Market is segmented on the basis of application, type and conjugated cancer therapies.
1.By Application
- liver
- Breast
- Brain
- Blood
- Hodgkins and Non-Hodgkins lymphoma
- colorectal
- Leukemia and others
2.By Type
- Murine Antibodies
- Chimeric and Humanized Antibodies
- Fully Humanized Antibodies
3.Conjugated Cancer Therapies
- immunoliposomes
- radioimmunotherapy
- ADEPT
- Immunocytokines and others
4.On the basis of Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle-East & Africa
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The highly customizable nature of the monoclonal antibodies are attracting various organizations, research institutes and multinational companies to use it as a tool to cure cancer. The major players in the cancer Monoclonal Antibodies Market are Amgen, Genmab, Glaxosmithkline, Bristol Meyer Squibb, Roche, Eli Lilly, Immunogen, Novartis, Seattle Genetics and Spectrum Pharmaceuticals.
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