COVID-19 Impacts: Biosimilar Monoclonal Antibodies (mAbs) Market will Accelerate at a CAGR of over 30% through 2020-2024|Increase in Prevalence of Chronic Diseases to Boost Growth| Technavio
Technavio has been monitoring the biosimilar monoclonal antibodies (mAbs) market and it is poised to grow by USD 8.65 billion during 2020-2024, progressing at a CAGR of over 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the biosimilar monoclonal antibodies (mAbs) market in 2019?
Technavio says that the value of the market was USD 3.16 billion in 2019 and is projected to reach USD 11.81 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 30%, the market growth will accelerate during the forecast period.
What is the key factor driving the market?
An increase in the prevalence of chronic diseases and the growing approval for biosimilar mAbs are the key factors driving the market growth.
Who are the top players in the market?
Amgen Inc., BIOCAD, Biocon Ltd., BioXpress Therapeutics SA, Boehringer Ingelheim International GmbH, Celltrion Inc., Coherus BioSciences Inc., Intas Pharmaceuticals Ltd., Novartis AG, and Pfizer Inc. are some of the major market participants.
Which region is expected to hold the highest market share?
North America
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Amgen Inc., BIOCAD, Biocon Ltd., BioXpress Therapeutics SA, Boehringer Ingelheim International GmbH, Celltrion Inc., Coherus BioSciences Inc., Intas Pharmaceuticals Ltd., Novartis AG, and Pfizer Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
An increase in the prevalence of chronic diseases has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our biosimilar monoclonal antibodies (mAbs) market report covers the following areas:
This study identifies growing approval for biosimilar mAbs as one of the prime reasons driving the biosimilar monoclonal antibodies (mAbs) market growth during the next few years.
We provide a detailed analysis of vendors operating in the biosimilar monoclonal antibodies (mAbs) market, including some of the vendors such as Amgen Inc., BIOCAD, Biocon Ltd., BioXpress Therapeutics SA, Boehringer Ingelheim International GmbH, Celltrion Inc., Coherus BioSciences Inc., Intas Pharmaceuticals Ltd., Novartis AG, and Pfizer Inc. Backed with competitive intelligence and benchmarking, our research reports on the biosimilar monoclonal antibodies (mAbs) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist biosimilar monoclonal antibodies (mAbs) market growth during the next five years
Estimation of the biosimilar monoclonal antibodies (mAbs) market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the biosimilar monoclonal antibodies (mAbs) market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of biosimilar monoclonal antibodies (mAbs) market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application placement
Cancer - Market size and forecast 2019-2024
Non-cancer - Market size and forecast 2019-2024
Market opportunity by Application
Customer Landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
Asia - Market size and forecast 2019-2024
ROW - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Amgen Inc.
BIOCAD
Biocon Ltd.
BioXpress Therapeutics SA
Boehringer Ingelheim International GmbH
Celltrion Inc.
Coherus BioSciences Inc.
Intas Pharmaceuticals Ltd.
Novartis AG
Pfizer Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
KLab Inc. announced that its hit 3D action game Bleach: Brave Souls has reached a total of 90 million downloads worldwide. See the original press release (https://www.klab.com/en/press/) for more information.
90 Million Downloads Celebration...
Demand is rising among German enterprises for consulting services that can optimize Salesforce license usage and reduce associated costs, a new research report published today by Information Services Group (ISG) , a leading global technology research...
Full Truck Alliance Co. Ltd. ("FTA" or the "Company") , a leading digital freight platform, today announced that it will release its first quarter 2024 unaudited financial results on Tuesday, May 21, 2024, before the open of the U.S. markets.
The...
A new study launched by Forrit, the next-generation, global content management system (CMS) provider, reveals that 89% of senior marketers and tech leaders are optimistic that Web 3.0 and the metaverse have the potential to revolutionise the way we...
UnionPay International (UPI) has teamed up with JD PAY, JD.com's digital payment service to elevate the cross-border shopping experience, enabling customers around the world to use their local UnionPay cards on JD.com. This partnership is a major...