Neutralizing Antibody Market Growth Accelerated by Rising Demand For Treatment Of Cancer And Viral Infections
Neutralizing Antibody Market |
Neutralizing antibodies are antibodies that are directed against specific antigens or pathogen epitopes and can neutralize pathogenic effects of macromolecules like proteins on cells or in extracellular space. Neutralizing antibodies help treat diseases like cancer, HIV, and infectious diseases by blocking the activity of targeted pathogens or antigens.
The global
Neutralizing Antibody Market is estimated to be valued at US$ 1.87 Bn in 2024
and is expected to exhibit a CAGR of 4.9% over the forecast period 2024-2031,
as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing prevalence of cancer and viral infections is the major factor
augmenting the growth of the Neutralizing Antibody Market. As per WHO, cancer
accounted for nearly 10 million deaths in 2020. Strong R&D efforts by key
players to develop monoclonal neutralizing antibodies for treatment of various
types of cancer is creating high demand for neutralizing antibodies.
Additionally, neutralizing antibodies that target epitopes on the surface of
viruses help block viral entry and neutralize viral infectivity, thereby
driving their use for treatment of viral diseases like HIV, influenza, Ebola
etc. Mohawk and other key players are heavily investing in research to expand
therapeutic applications of neutralizing antibodies. This is further expected
to boost the neutralizing antibody market growth over the forecast period.
Segment
Analysis
The global neutralizing antibody market is dominated by the monoclonal
antibodies segment. This segment accounted for the highest revenue share in
2024 due to the increasing demand for monoclonal antibodies in various
therapeutic applications for treating chronic diseases such as cancer and
autoimmune disorders. Monoclonal antibodies are preferred over polyclonal
antibodies due to advantages such as high specificity and reproducibility.
Key Takeaways
The global neutralizing antibody market is expected to witness high growth. . Global
Neutralizing Antibody Market Size is estimated to be valued at US$ 1.87
Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period
2024-2031.
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