North American cancer monoclonal Antibodies Market is estimated to grow at a CAGR of 9.6% during the forecast period. The increasing prevalence of cancer and increasing research on monoclonal antibodies are some pivotal factors driving market growth. As per the Centers for Disease Control and Prevention (CDC), the number of new cancer incidences in the US is expected to grow from nearly 1.5 million annually in 2010 to 1.9 million annually in 2020. This results in an increasing demand for monoclonal antibody drugs that act as a targeted therapy to destroy cancer cells. Monoclonal antibodies served as one of the established therapeutic strategies for both solid tumors and hematologic malignancies. It is a type of immunotherapy that stimulates the immune system of cancer patients and works to discover and attack cancerous cells.
North American cancer monoclonal antibodies market is segmented based on type and application. Based on type, the market is classified into naked, conjugated, and others. Based on the application, the market is classified into breast cancer, liver cancer, blood cancer, brain cancer, colorectal cancer, and others. Monoclonal antibodies are expected to find significant application in breast cancer. Kadcyla, (also referred to as TDM-1) targets the HER2 protein like Herceptin. These therapies act against the HER2 protein as this protein is found in massive amounts on certain kinds of breast cancer cells. The therapy is utilized for the treatment of HER2-positive breast cancer. Most often monoclonal antibodies are combined with additional cancer-fighting drugs, including chemotherapy. In the US, breast cancer accounted for the largest share of 11.0% or 234,087 in new cancer incidences in 2018, which is contributing to the adoption of monoclonal antibodies therapy in the region.
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North American cancer monoclonal Antibodies Market -Segmentation
By Type
- Naked
- Conjugated
- Others (Bispecific)
By Application
- Breast Cancer
- Liver Cancer
- Blood Cancer
- Brain Cancer
- Colorectal Cancer
- Others
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Regional Analysis
- United States
- Canada
Company Profiles
- AbbVie Inc.
- Amgen Inc.
- AytuBioScience, Inc.
- Biocon Ltd.
- Bristol Myers Squibb Co.
- Eli Lilly and Co.
- Hoffman La-Roche AG
- Gilead Sciences, Inc.
- Johnson & Johnson Services, Inc.
- Merck & Co., Inc.
- Mylan N.V.
- Oncologie, Inc.
- Pfizer Inc.
- Spectrum Pharmaceuticals, Inc.
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