MAb`s are antibodies that are made by identical immune cells that are all clones of a unique parent cell, in distinction to polyclonal antibodies, which are made by numerous different immune cells. Monoclonal Antibodies market in Asia-Pacific region is gaining momentum due to increasing awareness among patients and physicians about application of mAb`s in various diseases.
Asia-Pacific Monoclonal Antibodies market is driven by factors such as patent expiries of key biological drugs, aging population, increasing disposable income, and supporting legislations. The development of new molecules is also expected to play a key role in the future of the market. Rising government initiatives supporting the use of mAbs for research and treatment purposes along with an upsurge in R&D activities for the development of cost-effective therapeutic mAbs are also driving the market for Monoclonal Antibodies market. However, amount of money and time required for the identification and development of potential molecules is huge and is a major factor restraining the market growth.
Asia-Pacific market for Monoclonal Antibodies is broadly segmented into Source, Indication, End User and Application. Based on source, the market is segmented into Murine, Chimeric, Humanized and Human. Human mAb`s accounted for the largest share of the market with a share of approximately XX%. On the basis of indication, the Asia-Pacific mAb`s market is categorized into cancer, Auto immune diseases, Infectious diseases, Cardiovascular diseases, CNS disorders and others. Cancer Vaccines are further sub segmented into Blood Cancer, Breast Cancer, Colorectal Cancer, Lung Cancer, Pancreatic Cancer and Others. By end user, the market is segmented into Hospitals/Clinics, Research Institute and Diagnostic Laboratories. Hospitals is the largest end user segment accounting for a share of approximately XX% while diagnostic laboratories are estimated to be the fastest growing due to its increasing applications. On the basis of application Asia-Pacific monoclonal antibodies market is segmented into medical and experimental. By experimental application the market is further sub segmented into Western Blot, ELISA, Radioimmune Assays, Immunofluorescence and others.
Asia-Pacific is the fastest growing region for Monoclonal antibodies market owing to huge population and increasing disposable income of people. Geographically Asia-Pacific monoclonal antibodies market is segmented into China, India, Japan, South Korea and Australia. Within Asia-Pacific, China is the largest market while India is estimated to be the fastest growing.
Some of the major companies dominating the market, by their products include GlaxoSmithKline plc (U.K.), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Eli Lilly and Company (U.S.), Innovent Biologics (China), Bristol-Myers Squibb (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland) and Shanghai Junshi Bioscience Co.,Ltd. (China).
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