Antibody Production Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to antibody production market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Antibody Production Market News

  • Amgen gave the public good news in November 2023 when they released the Phase 3 findings for AMG 520. When compared to conventional chemotherapy, this bispecific antibody that targets both EGFR and VEGFR2 significantly improved progression-free survival (PFS). The benefits of AMG 520 in the treatment of patients with metastatic colorectal cancer that is KRAS wild type were particularly underlined in the study.
  • AstraZeneca and Daiichi Sankyo joined forces on an innovative initiative in October 2023. Together, they are developing novel cancer therapies known as antibody-drug conjugates (ADCs). AstraZeneca is an expert in ADC technology, and Daiichi Sankyo is a master at creating cancer-specific pharmaceuticals. The medical community is taking notice of this partnership.
  • In February 2023, Thermo Fisher Scientific launched its new CHO Cell Line, CHO-S5, which is designed for the production of high-quality monoclonal antibodies.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Antibody Production Market size was valued at USD 18.52 Billion in 2023 and is poised to grow from USD 20.91 Billion in 2024 to USD 55.19 Billion by 2032, growing at a CAGR of 12.9% during the forecast period (2025-2032).

The global antibody production market is highly dynamic and characterized by intense competition among key players. The market is dominated by established biopharmaceutical companies, contract research organizations (CROs), and academic institutions with significant expertise and resources in antibody production. To gain a competitive edge, companies in the antibody production market are investing heavily in research and development activities to discover and develop new antibodies with enhanced therapeutic efficacy and improved safety profiles. They are also focusing on expanding their production capacities and optimizing manufacturing processes to meet the growing demand for antibodies. Partnerships, collaborations, and strategic alliances are common strategies adopted by key players to strengthen their market position and broaden their product portfolios. For example, in 2022, AstraZeneca plc (United Kingdom) and Regeneron Pharmaceuticals Inc. (United States) entered into a collaboration to develop and commercialize novel antibody-based therapeutics. 'Roche (Switzerland) ', 'Genmab (Denmark) ', 'Amgen (US) ', 'Biogen (US) ', 'Johnson & Johnson (US) ', 'AbbVie (US) ', 'AstraZeneca (UK) ', 'Novartis (Switzerland) ', 'Pfizer (US) ', 'Sanofi (France) ', 'Merck & Co. (US) ', 'Gilead Sciences (US) ', 'Celgene (US) ', 'BioMarin Pharmaceutical (US) ', 'Shire (Ireland) ', 'Alexion Pharmaceuticals (US) ', 'Teva Pharmaceuticals (Israel) ', 'Allergan (US) ', 'Bristol Myers Squibb (US) ', 'Novo Nordisk (Denmark)'

The growing prevalence of chronic diseases and the rising adoption of targeted therapies have led to an increased demand for antibody-based therapeutics. Antibodies offer specificity and efficacy in treating various diseases, including cancer, autoimmune disorders, and infectious diseases. For example, the development and utilization of monoclonal antibodies (mAbs) have revolutionized the treatment landscape, with several blockbuster drugs being antibody-based therapies.

Increasing Focus on Personalized Medicine: The concept of personalized medicine is gaining traction in the healthcare industry. Antibody production is aligned with this trend as it enables the development of targeted therapies tailored to individual patients. Advancements in genomic and proteomic technologies have facilitated the identification of specific disease markers, allowing the design and production of antibodies targeting these markers, thereby driving the trend towards personalized medicine.

In 2022, North America emerged as the leading region for the antibody production market, capturing the largest revenue share of 38.29%. This can be attributed to the presence of prominent biopharmaceutical and biotechnology companies in the United States and Canada. The region's robust healthcare infrastructure, along with substantial investments in drug discovery and research, contributes to the market's growth. The adoption of biopharmaceuticals, including antibodies, is on the rise in North America due to their efficacy, specificity, and safety. These factors drive the demand for antibody production as they are increasingly utilized in the treatment of various diseases. Furthermore, the integration of advanced technologies, such as artificial intelligence (AI) in the drug development process, is gaining momentum. Pharmaceutical companies are investing significantly in AI technology, which accelerates drug discovery and reduces costs. This technological advancement further propels the growth of the antibody production market in North America.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Antibody Production Market
Antibody Production Market

Report ID: SQMIG35H2171

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE