The global antibody drug conjugates contract manufacturing market size is estimated to arrive at USD 18.4 billion by 2028. It is projected to develop by 12.3% CAGR from 2021 to 2028.
Rising amount of the research on antibody treatments, growing demand for the manufacturing capability along with the composite character of Antibody Drug Conjugates (ADCs), are the factors, steering the enlargement of the market for antibody drug conjugates contract manufacturing.
Approximately 70.0% projects of antibody drug conjugates are contracted out to contract development and manufacturing companies. Since, antibody drug conjugates are the composite molecules; they need hygienic space biologic plus greater suppression cytotoxic amenities, meant for the secure treatment. Therefore, there are genuine openings for the companies, which are able to offer particular inventive chemistries that have a need of expert human resources.
The eruption of Covid-19 pandemic has produced a powerful and fast response from the scientists, operational in industries as well as in the government organizations, to produce vaccines and medications.
Consequently, the rising demand for effectual medicines, designed for the Covid-19 treatment, global manufacture of antibody drug conjugates, vaccines, plus additional pharmaceuticals is expected to get bigger.
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Further key findings from the report suggest:
• Almost 202 antibody drug conjugates had come into the clinical trials in 2018, and there were nearly 23 new antibody drug conjugates during the previous 12 months, rising by 30.0% speed
• The myeloma section held the major 49.4% revenue share and directed the antibody drug conjugates contract manufacturing market, in 2020, by condition. Mainly, this is because of the fact that antibody-drug conjugates currently are a new variety of immunotherapy, being investigated as well as assessed in the medication of myeloma
• As a result of the rising marketplaces, strong developments in research & development actions, plus contest in the pharmaceutical CMO division, Asia Pacific directed the global market, in 2020
• On the basis of linker, the cleavable linker sector held the highest 56.5% share of the market, in 2020. Wide-ranging application of cleavable linker tools in antibody drug conjugates in addition to a larger amount of cleavable linker sourced official products are the features accountable for the enlargement of the sector
Million Insights segmented the global antibody drug conjugates contract manufacturing market based on Linker, Condition, and Region.
Antibody Drug Conjugates Contract Manufacturing Condition Outlook (Revenue, USD Million, 2016 - 2028)
• Breast Cancer
• Others (Urothelial Cancer)
Antibody Drug Conjugates Contract Manufacturing Linker Outlook (Revenue, USD Million, 2016 - 2028)
• Cleavable Linker
• Non-cleavable Linker
Antibody Drug Conjugates Contract Manufacturing Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• Asia Pacific
• South Korea
• Latin America
• South Africa
• Saudi Arabia
Various companies for antibody drug conjugates contract manufacturing market are:
• Piramal Pharma Solutions
• Samsung Biologics
• Boehringer Ingelheim