Cancer Monoclonal Antibodies are evolving the fight against cancer


Posted March 30, 2018 by Bhargav2

Europe Cancer Monoclonal Antibodies Market is a USD 7 billion market in 2015 and is estimated to reach USD 11.8 billion by 2020 with a growth rate of 10.9%
 
Monoclonal antibodies help in curing a variety of ailments related to auto-immune disorders, inflammation, and as well as cancer. Monoclonal antibodies aid in the elimination of cancerous cells while not affecting the healthy ones. These antibodies are basically clones of single-parent cells and are directionally eliminative towards a certain set of defined target cells. Further, these are relatively exponentially non-toxic and efficient when compared to the conventional methods of treatment of cancer such as chemo-therapy.
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Market Underlying Factors
The market is primarily driven on the basis of the increasing prevalence and onset of cancer. The demand for a cure for cancer has led almost all significant pharmaceutical companies to invest heavily in the market for monoclonal antibodies. The inherent nature of these antibodies which targets only cancer cells further encourages pharma to invest in this as a one-stop solution for the cure of cancer. However, the market faces a few restraints as the costs involved are very high, with the trial and research period being particularly long, and the strict imposition of guidelines by the governments.
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Geographical Segmentation
Europe has been further segmented into UK, Germany, France, Italy, and Spain.UK accounted for the largest share of the Europe Cancer Monoclonal Antibodies market in 2017, followed by Germany. The large share of the Europe Cancer Monoclonal Antibodies market in UK can be attributed to the rising population and adaptation of the application of monoclonal antibodies in the treatment of cancer. Germany holds the second major market for Europe Cancer Monoclonal Antibodies. Spain is estimated to represent strong potential market growth in the Europe Cancer Monoclonal Antibodies market due to rapid technological advancements.
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The various players in the Europe Cancer Monoclonal Antibodies market include Bristol Myers Squibb, Amgen, Eli Lilly, Genmab, Glaxosmithklinne, Novartis, Roche, Immunogen, Seattle Genetics and Spectrum Pharmaceuticals.

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Issued By Bhargav
Country India
Categories Business , Marketing , Publishing
Tags cancer monoclonal antibodies , europe cancer monoclonal antibodies market
Last Updated March 30, 2018