According to a recently released Fact.MR analysis, the Antibody Drug Conjugates Contract industry sales were valued at US$ 8.1Bn in 2021 and are expected to increase at a CAGR of 15.5% from 2022-2032. The market is predicted to exceed US$ 39 billion by the end of 2032. The market sector for cleavable linkers grew at a CAGR of 12.6% between 2015 and 2021, and it is expected to grow at a CAGR of 17.2% between 2022 and 2032.
Antibody-drug conjugates are a form of biopharmaceutical used to treat cancer that comprises of an antibody that precisely targets a tumor antigen and a cytotoxic agent joined together by a chemical linker. They are intended to allow the cytotoxic chemical to be precisely targeted in order to destroy tumor cells while inflicting as little harm to healthy tissue as possible. Because ADCs are a novel type of biopharmaceuticals, they require both chemical and biological knowledge to produce. Contract manufacturing businesses provide technical competence in conjugation and linker creation, as well as strong platforms.
Key Takeaways from the Market Study
Drug Conjugates of Antibodies By 2022, the contract market is estimated to exceed US$ 9.2 billion in market value.
In terms of growth, Asia Pacific is expected to be the most profitable area.
Myeloma is anticipated to be the most successful condition type during the next ten years, with a CAGR of 17%.
The United States, with a projected market value of $7.3 billion in 2032, is the most potential revenue-generating country.
This market is dominated by a number of regional and worldwide competitors. In order to sell their products across numerous sectors, these firms compete based on product innovation, quality, brand recognition, and market presence. Companies adopt a range of techniques to remain competitive.
Merck and ID Pharma signed a Memorandum of Understanding in January 2022 to accelerate gene therapy development and manufacturing.
Merck announced in December 2021 that it has partnered with Innovative Biotech to facilitate the building of Nigeria's first vaccine production plant.
Recipharm signed a Memorandum of Understanding (MOU) in July 2021 for the fill-finish of vaccines and biotherapeutics in Morocco.
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