Advancing biotechnological research is driving the growth in Global Next Generation Biotherapeutics Market in the forecast period, 2022-2026.
According to TechSci Research report, “Next Generation Biotherapeutics Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, the global next generation biotherapeutics market is anticipated to grow at an impressive CAGR during the forecast period, 2022-2026, on account of increasing demand for advanced medicines. Surge in the requirement for precision medicine, and genomic medicine is anticipated to drive the growth of the global next generation biotherapeutics market in the upcoming five years.
Also, for the requests of the advanced medicines, biotechnology industry in cooperation with the pharmaceutical companies and research institutes, is designing advanced medicines and therapies, thus supporting the growth of the global next generation biotherapeutics market in the next five years.
Moreover, advanced technologies like gene therapy, cancer therapy, neurological therapies, gene editing technologies are supporting the growth of the global next generation biotherapeutics market. Traditional medicines, focused on the understanding of monoclonal antibodies only. The next generation biotherapeutics evolves and understands the potential adverse reactions of monoclonal antibodies and antigen reactions.
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The global next generation biotherapeutics market is segmented on the basis of therapeutic area, technology, competitional landscape, and regional distribution. Based on therapeutic area, the market is further fragmented into oncology, autoimmune/inflammatory diseases. Oncology sub-segment is anticipated to register the largest revenue shares in the market and assert its dominance over the market in the next five years on account of increasing instances of cancer.
The rapidly increasing number of patient suffering from various forms of cancer like blood cancer, bone cancer, skin cancer, breast cancer, etc. is further driving the growth of the global next generation biotherapeutics market. In addition to this, the increasing demand for effective drugs, medicines, and cancer therapies is substantiating the segmental growth.
Increasing instances of autoimmune and inflammatory diseases is also anticipated to support the growth, and thus the sub-segment in expected to register significant growth in the upcoming five years. Environmental factors, and genetic disorders result in autoimmune diseases or inflammatory diseases, thus supporting the growth of the global next generation biotherapeutic market in the forecast period.
On the basis of technology, the market is segmented into antibody-drug conjugates, bispecific antibodies, antibody fragments, antibody-like proteins, and others. Antibody Drug Conjugates (ADC) are an amalgamation of the drugs that are supposed to treat a particular disease with the antibody that is generated by the immune system of the human body against the prospective antigen. It is a new class of highly potent biological drugs.
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The structure of an ADC includes a small molecule anticancer drug or another therapeutic agent to an antibody, with either a permanent or a labile linker. The labile linker makes sure to digest the conjugation when they are not required in future after the treatment of the disease. Bi-specific antibodies are more advanced antibodies that are artificially created to bind simultaneously to the two different types of antigens.
Naturally occurring antibodies that are generated from the human immune system, often bind to a single antigen or a single epitope. Pharmaceutical companies, and research institutes are equally invested in designing the innovative pharmaceuticals, and therapies to overcome the treatment demand for various diseases.
A partial list of the market players in the global next generation biotherapeutics market includes:
- Xencor, Inc.
- Regenxbio & Neurimmune AG
- Takeda Pharmaceutical Company Limited
- Pfizer, Inc.
- AstraZeneca Plc.
- F. Hoffmann-La Roche AG
- Kyowa Kirin Co., Ltd
- Seattle Genetics, Inc
- ImmunoGen, Inc
- Ono Pharmaceuticals Co, Ltd
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“North America is anticipated to dominate the market in the upcoming five years owing to the well-established healthcare sector in countries like the United States, and Canada. Moreover, increasing governmental fundings, and private investments in the healthcare industry is further substantiating the growth of the global next generation biotherapeutics market in the next five years. Increasing research and development on the pharmaceutical products, and therapies for chronic diseases is also supporting the growth of the global next generation biotherapeutics market. The presence of big market players in the region is also one of the major factors driving the growth of the market in the region,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Next Generation Biotherapeutics Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Therapeutic Area (Oncology, Autoimmune/ Inflammatory Diseases), By Technology (Antibody-Drug Conjugates, Bispecific Antibodies, Antibody Fragments, Antibody-like Proteins, Others), By Region”, has evaluated the future growth potential of global next generation biotherapeutics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global next generation biotherapeutics market.
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