Medical science has grown multi-folds over the period of last couple of years, owing to rapid technological advancements and non-stop research. All this contributes to the growth of the healthcare sector. The development seen by this sector ultimately helps several patients too along with businesses. Majority of diseases can now be treated easily that too at a very low cost as compared to last few decades. Bi-specific antibodies therapy market has been successful in not only making mark but is truly helping in the treatment of cancer patients as it is an effective way along with chemo and radiation.
Bi-specific antibodies therapy market was benefitted by the COVID-19 pandemic. Bi-specific antibodies therapy gained importance in the times of adversity as it helped people with co-morbidities stay safe from the dreadful virus. The growth of the bi-specific antibodies therapy market is driven by the surging demand for optimization of cancer treatment. Number of people suffering from the dreadful disease are constantly rising due to majority of people, especially youngsters adopting unhealthy lifestyles, with almost no efforts to fulfill daily nutrition. Massive rise in the number of cancer patients contributes to the growth of this market as this therapy can be used along with chemo and radiation therapies, which also is comparatively cheaper.
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Meanwhile, the factor that dents the growth of the bi-specific antibodies therapy market is higher cost in regards with the investment towards production and getting approvals from regulatory bodies. Despite couple of hindrances, the bi-specific antibodies therapy market is likely to witness massive growth over the forecast period. Increasing use of Artificial Intelligence (AI) betters the process of drug discovery and this is definitely expected to contribute to the growth of this market.
Key Findings – Global Bi-Specific Antibodies Therapy Market:
- On the basis of application, the cardiovascular diseases segment of the Bi-Specific Antibodies Therapy Market dominates in terms of market share most of the money. Number of people suffering from chronic diseases like hypertension and diabetes are on a rise, and the bi-specific antibodies therapy is an ideal treatment for them.
- Research Institutions are rampantly using the bi-specific antibodies therapy in order to seek effective treatment of various diseases and this would contribute to the growth of this market rapidly.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the Bi-Specific Antibodies Therapy Market. Pharmaceutical companies in India, China, Japan and South Korea are ramping up investments to find an affordable treatment for chronic diseases like cancer, and hypertension.
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Competitors: Global Bi-Specific Antibodies Therapy Market:
- Affimed GmbH
- Amgen Inc.
- Creative- Biolabs
- Emergent BioSolutions Inc.
- F. Hoffmann-La Roche Ltd
- F-star Therapeutics Inc.
- Genentech USA, Inc.
- Genmab A/S
- Johnson & Johnson
- MacroGenics, Inc.
- Merck KGaA
- Pfizer Inc.
- Other Market Participants
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Global Bi-Specific Antibodies Therapy Market
By Clinical Trials
- Phase I
- Phase II
- Phase III
By Route of administration
- Autoimmune Diseases
- Infectious Diseases
- Neurologic Diseases
- Cardiovascular Diseases
- Specialty clinics
- Research Institutions
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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