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.
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.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Antibody Drug Conjugates Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Antibody Drug Conjugates Market Segmentation
11 Antibody Drug Conjugates Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Antibody Drug Conjugates Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Antibody Drug Conjugates Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global antibody drug conjugates market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for antibody drug conjugates? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The antibody drug conjugates market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider antibody drug conjugates market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by linker type, by product, by application and by end-user.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the antibody drug conjugates market.
- Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by linker type, by product, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for antibody drug conjugates providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Linker Type: Cleavable Linker; Non-Cleavable Linker2) by Product: Kadcyla; Enhertu; Adcetris; Polivy; Trodelvy; Padcev; Other Products
3) by Application: Hematopoietic Cancers; Breast Cancer; Ovarian Cancer; Lung Cancer; Brain Tumor; Other Applications
4) by End User: Hospital; Clinics; Specialty Centers; Other End Users
Key Companies Mentioned: F. Hoffmann-La Roche Ltd.; Daiichi Sankyo Company Limited; Seagen Inc.; Gilead Sciences Inc.; Genmab
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; antibody drug conjugates indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- F. Hoffmann-La Roche Ltd.
- Daiichi Sankyo Company Limited
- Seagen Inc.
- Gilead Sciences Inc.
- Genmab
- Pfizer Inc.
- GlaxoSmithKline plc
- ADC Therapeutics SA
- AstraZeneca plc
- RemeGen
- Medilink Therapeutics
- Hansoh Pharmaceutical Group
- Biotheus
- Shanghai Miracogen Inc.
- WuXi Biologics
- Shanghai Henlius Biotech, Inc.
- Ascentage Pharma
- Takeda Pharmaceutical Company Limited
- Zydus Lifesciences Limited
- Eisai Co. Ltd.
- Piramal Pharma Solutions
- Sanofi
- Bayer AG
- Heidelberg Pharma AG
- Merck KGaA
- Oxford BioTherapeutics
- JSC BIOCAD
- Pharmstandard
- Selvita
- Sotio
- Generium
- Polpharma Biologics
- AdamedZentiva
- Biofarm
- Rompharm Company
- Celldex Therapeutics Inc.
- Concortis Biotherapeutics Corp.
- Sorrento Therapeutics Inc.
- Regeneron Pharmaceuticals Inc.
- Millennium Pharmaceuticals Inc.
- AbbVie Inc
- Johnson & Johnson
- Ambrx
- Mersana Therapeutics Inc.
- Merck & Co., Inc.
- BeiGene
- DualityBio
- ImmunoGen, Inc.
- ImmunoBiochem
- Recepta Biopharma S.A.
- Procaps Group, S.A.
- Fiocruz
- Eurofarma Laboratórios S.A.
- Gen-t
- InEDITA Bio
- Vyro Biotherapeutics
- Laboratorios Bagó SA
- Gador S.A.
- Roemmers SAICF
- Astellas Pharma Inc
- Aspen Pharmacare Holdings
- Adcock Ingram
- Egyptian Pharmaceutical Company
- Hikma Pharmaceuticals
- Pharmacare Limited
- Fidson Healthcare Plc
- May & Baker Nigeria Plc
- Ethiopian Pharmaceuticals Manufacturing Sh. Co.
- Biofem Pharmaceuticals Ltd
- Beta Healthcare International
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 303 |
Published | July 2024 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 10.32 Billion |
Forecasted Market Value ( USD | $ 77.97 Billion |
Compound Annual Growth Rate | 22.4% |
Regions Covered | Global |
No. of Companies Mentioned | 70 |