The Bispecific Antibodies Market is slated to witness exponentiation going forward. The IoMT (Internet-of-Medical-Things) is already transforming every walk of life, including healthcare. Healthcare IT has let both – patients and doctors carry/download information about each other anywhere and anytime through their smartphones/tabs. In other words, more connectivity translates to better access to data, thereby rendering better healthcare for patients. This would be the future of the healthcare vertical in the upcoming period.
Bispecific antibodies come in numerous formats, extending from moderately small proteins, merely comprising of two linked antigen-binding fragments, to large immunoglobulin G (IgG)-like molecules with added domains attached. The clinical success of the currently marketed bispecific antibodies available in the bispecific antibodies market has amplified the intensive pace of development for bispecific antibodies in oncology..
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Additionally, the manufacturers in the market are collaborating with regional biotech companies for the development of bispecific antibodies. These efforts by the manufacturers will also help the global bispecific antibodies market to grow at an unprecedented rate.
The key players in the global bispecific antibodies market are focusing on developing and introducing new products in the market. These drugs are still under pipeline and currently predict bright outcome in the future.
The manufacturers are constantly working on developing these products as the rising prevalence of cancer demands for better therapeutic treatment. The successful clinical trial outcomes projects optimistic future for the global bispecific antibodies market as well as the manufacturers.
For instance, In December 2020, Pfizer reported positive clinical data for BCMA-CD3 bispecific antibody in multiple myeloma. According to WHO, cancer is the world’s second leading killer after cardiovascular diseases. However, it is also one of the most avoidable non-communicable chronic disease.
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Market Segmentation:
Based on drug type, the bispecific antibodies market has been segmented as:
- Blinatumab
- Catumaxomab
- Duligotumab
Based on indication, the bispecific antibodies market has been segmented as:
- Cancer
- Infectious Disease
- Inflammatory and Autoimmune Disorders
- CNS Disorders
Based on distribution channel, the bispecific antibodies market has been segmented as:
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
Based on the region, the bispecific antibodies market has been segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Key players:
- Hoffmann-La Roche Ltd
- GenScript
- Sino Biological Inc.
- Creative-Biolabs
- AbbVie Inc.
- Kymab
- AstraZeneca
- BIOCYTOGEN
- Amgen Inc.
- Pfizer Inc.
- Novartis AG
- Johnson & Johnson
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