Antibody Drug Conjugates Global Market Opportunities and Strategies to 2033

This report describes and explains the antibody drug conjugates market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global antibody drug conjugates market reached a value of nearly $10.32 billion in 2023, having grown at a compound annual growth rate (CAGR) of 41.09% since 2018. The market is expected to grow from $10.32 billion in 2023 to $29.8 billion in 2028 at a rate of 23.60%. The market is then expected to grow at a CAGR of 21.21% from 2028 and reach $77.97 billion in 2033.

Growth in the historic period resulted from supportive policies and faster approval processes, increase in number of clinical trials and growing demand for antibody based cancer therapies. Factors that negatively affected growth in the historic period include challenges in identifying suitable targets for ADCs and lack of universal health coverage.

Going forward, the increasing prevalence and incidence of cancer, increasing aging population worldwide, rising healthcare expenditure globally and government programs and funding to support cancer research will drive the market. Factors that could hinder the growth of the antibody drug conjugates market in the future include high development costs.

The antibody drug conjugates market is segmented by linker type into cleavable linker and non-cleavable linker. The cleavable linker market was the largest segment of the antibody drug conjugates market segmented by linker type, accounting for 68.50% or $7.07 billion of the total in 2023. Going forward, the non-cleavable linker segment is expected to be the fastest growing segment in the antibody drug conjugates market segmented by linker type, at a CAGR of 24.82% during 2023-2028.

The antibody drug conjugates market is segmented by product into Kadcyla, Enhertu, Adcetris, Polivy, Trodelvy, Padcev and other products. The Kadcyla market was the largest segment of the antibody drug conjugates market segmented by product, accounting for 24.02% or $2.48 billion of the total in 2023. Going forward, the Polivy segment is expected to be the fastest growing segment in the antibody drug conjugates market segmented by product, at a CAGR of 34.64% during 2023-2028.

The antibody drug conjugates market is segmented by application into hematopoietic cancers, breast cancer, ovarian cancer, lung cancer, brain tumor and other applications. The breast cancer market was the largest segment of the antibody drug conjugates market segmented by application, accounting for 37.53% or $3.87 billion of the total in 2023. Going forward, the hematopoietic cancers segment is expected to be the fastest growing segment in the antibody drug conjugates market segmented by application, at a CAGR of 25.89% during 2023-2028.

The antibody drug conjugates market is segmented by end user into hospital and clinics, specialty centers and other end users. The hospital and clinics market was the largest segment of the antibody drug conjugates market segmented by end user, accounting for 58.59% or $6.05 billion of the total in 2023. Going forward, the hospitals and clinics segment is expected to be the fastest growing segment in the antibody drug conjugates market segmented by end user, at a CAGR of 25.07% during 2023-2028.

North America was the largest region in the antibody drug conjugates market, accounting for 40.67% or $4.2 billion of the total in 2023. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the antibody drug conjugates market will be Asia-Pacific and South America, where growth will be at CAGRs of 27.14% and 24.20% respectively. These will be followed by Western Europe and North America, where the markets are expected to grow at CAGRs of 23.14% and 22.75% respectively.

The global antibody drug conjugates market is highly concentrated, with large players dominating the market. The top ten competitors in the market made up to 99.26% of the total market in 2022. F. Hoffmann-La Roche Ltd. was the largest competitor with a 36.24% share of the market, followed by Daiichi Sankyo Company Limited with 25.59%, Seagen Inc. with 17.97%, Gilead Sciences Inc. with 8.86%, Genmab with 3%, Pfizer Inc. with 2.85%, GlaxoSmithKline plc with 1.62%, ADC Therapeutics SA with 1.37%, AstraZeneca plc with 1.03% and RemeGen with 0.74%.

The top opportunities in the antibody drug conjugates market segmented by linker type will arise in the cleavable linker segment, which will gain $12.86 billion of global annual sales by 2028. The top opportunities in the antibody drug conjugates market segmented by application will arise in the hematopoietic cancer segment, which will gain $5.19 billion of global annual sales by 2028. The top opportunities in the antibody drug conjugates market segmented by end user will arise in the hospitals and clinics segment, which will gain $12.47 billion of global annual sales by 2028. The top opportunities in the antibody drug conjugates market segmented by product will arise in the Enhertu segment, which will gain $8.198.12 million of global annual sales by 2028. The antibody drug conjugates market size will gain the most in the USA at $6.67 billion.

Market-trend-based strategies for the antibody drug conjugates market include pursuing strategic partnerships to provide comprehensive solutions and advance their capabilities, investing in R&D to develop new ADCs products and developing new ADCs with new mAB targets.

Player-adopted strategies in the antibody drug conjugates market include focus on enhancing operational capabilities through strategic partnerships.

To take advantage of the opportunities, the analyst recommends the antibody drug conjugates companies to focus on developing novel ADCs with enhanced specificity, focus on non-cleavable linker segment, focus on hematopoietic cancer segment, expand in emerging markets, focus on strategic partnerships for enhanced capabilities, focus on prioritize r&d investment for competitive advantage, provide competitively priced offerings, focus on value-based pricing strategies for antibody drug conjugates, participate in trade shows and events, continue to use B2B promotions, prioritize educational content and thought leadership, focus on targeting specific disease applications and focus on effectively targeting end users.