The latest opportunities in the bispecific antibody market are mainly driven by the growing demand for targeted and personalized therapies and the emergence of novel bispecific antibody formats and technologies.
The global Bispecific Antibody Market is expected to reach US$ 500 million by the end of 2023, and US$ 1 billion by 2033, representing a 7.2% CAGR.
The Bispecific Antibody business has benefited greatly from antibody engineering. Significant progress has been achieved in generating innovative antibody formats and engineering procedures that allow the creation of bispecific antibodies with improved efficacy and stability in recent years. Advances in recombinant DNA technology and protein engineering, for example, have permitted the development of bispecific antibodies with enhanced pharmacokinetics, lower immunogenicity, and higher tumour penetration.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Bispecific Antibody Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Bispecific Antibody market.
Key Bispecific Antibody Market Takeaways and Projections
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Report Benefits & Key Questions Answered
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Bispecific Antibody market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Bispecific Antibody market.
Some of the prominent market players are profiled by FMI are:
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Bispecific Antibody market Segmentation
The global Bispecific Antibody market is classified based on drug type, indication, distribution channel and region.
By Drug Type:
By Indication:
By Distribution Channel:
Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 31, 2023