An Incisive, In-depth Analysis on the Antibodies Market
This study offers a comprehensive, 360 degree analysis on the Antibodies market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Antibodies market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
High Adoption Rate of Therapeutic Antibodies in Cost-Sensitive Markets
High cost of drugs, particularly biologics, is becoming an increasingly important issue in controlling healthcare cost. Economic burden of cancer and other chronic diseases is increasing with increasing healthcare expenditure. Improvements in production technologies of therapeutic antibodies has decreased the manufacturing cost and thus, penetration of antibodies has increased in cost-sensitive markets, such as Japan, Brazil and China. For instance, Herceptin (trastuzumab), which is otherwise used when all other treatment options are exhausted, is being used as a first line therapy for HER2 positive breast cancer cases, in Japan. Roche reported 23% Y-o-Y increase in Herceptin sales in FY 2015, with high demand reported from Brazil and China.
Innovative Product Launches in Antibodies Market Underpinning Losses Due to Patent Expiry
Over the past two decades, hundreds of monoclonal antibodies including therapeutic antibodies, Fc-fusion proteins, antibody drug conjugates, antibody fragments, etc., have been approved in major markets such as the U.S., Europe and Japan. The rate of product approval in antibodies market has increased significantly -- more than 74 therapeutic antibodies have been approved in U.S. and Europe till now, which represented 10.2% of the global pharmaceuticals market in 2015. With the continuous approval of novel antibodies by regulatory authorities, sales of therapeutic antibodies have increased drastically in the last five years. Even though the antibodies market is experiencing unprecedented patent cliffs, launching of new products would mitigate these losses. The Antibody Society predicts that by 2018, of the 28 investigational antibodies, 12 new therapeutic antibodies would be approved for commercial use in the U.S and Europe.
Availability of Inexpensive Biosimilar Therapeutic Antibodies
Next-generation therapeutic antibodies, such as biosimilar antibodies, represent high growth potential for the antibodies market. For instance, Inflectra, a biosimilar of Remicade was approved by EU in 2013 and is now available all over the world. Inflectra was commercially launched in the U.S. in 2015, when it generated a revenue of US$ 30 Mn. Within the first year of launch, Inflectra registered 540% Y-o-Y growth in the global sales in 2016. Moreover, numerous biosimilar monoclonal antibodies already launched in the market would fuel the market growth by increasing treatment seeking rate and patient acceptance. Novartis AG, one of the leaders in prescription medicines, has recently received EU approvals for two biosimilar antibodies for rheumatoid arthritis. In April 2016, ERELZI-Novartis biosimilar to Enbrel, was approved by the U.S. FDA. Subsequently, in April 2017, ERELZI was approved by the European Union. With this approval, Novartis unlocked the huge market potential for RA in 28 member states of EU.
Declining Cost of Therapeutic Antibodies Due to Immense Competitive Pressure from Biosimilar Antibodies
Due to high competition to branded antibodies by next-generation biosimilar antibodies, manufacturers of these products are cutting down the prices in order to withstand the increasing competition in the European market. For instance, after the launch of Inflectra (biosimilar to Remicade) in the U.K., Bulgaria, Estonia, Hungary and several other European countries in 2013, Merck & Co. reduced the price of Remicade by up to 45% in the U.K. to sustain competitive pressure. Although the prices have been slashed down, automatic pharmacy substitution of branded antibodies by biosimilar antibodies is not being observed in Europe as EU countries prefer lower cost than increased access, and EMA advice against such substitutions.
Therapeutic Antibodies to Remain on the Crest of Demand Graph as a result of Expanding Approved Indications
Since the launch of the first FDA approved therapeutic antibody in 1986, the applications of antibodies have spread far beyond its first approved indication and the trend continues till now. Key players in the antibodies market are investing substantial efforts in the expansion of indications for already approved drugs. Key players in antibodies market are trying to expand indications to retain their share in antibodies market. For instance, world’s top-selling drug Humira’s sale totaled at US$ 18.4 bn in 2017. Humira is about to lose its patent protection in EU in 2018. Since, Humira is AbbVie’s capitalizing drug, patent expiry would cause substantial business loss to the company. The company, thus, is investing considerable efforts to expand the indications of Humira in the therapeutic areas of rheumatology, ophthalmology and gastroenterology. This is expected to create opportunities for the company to retain its market share in the global antibodies market.
Ever-evolving Regulations Influencing Manufacturers to Comply with Necessary Standards
Since antibody is a relatively new field of therapeutics and diagnosis, regulations for the registration and marketing of antibodies in various countries have evolved overtime. Mature markets, thus, have established regulatory guidelines for therapeutic antibodies. Important recent regulatory developments for antibodies in emerging markets, such as China, India, Brazil, etc., would widen the worldwide reach of antibodies. For instance, in 2014, the Centre for Drug Evaluation China released guidelines for regulatory approval of biosimilar of biologic drug products, which is similar to EMEA and U.S. FDA guidelines.
Market Players Capitalize on Co-marketing to Amplify Sales
Major players in the antibodies market, such as Roche, Novartis, Biogen etc., are employing synergistic approaches of co-promotions and co-marketing of their antibody products with other companies. Synergy between partners is presenting immediate growth impact rather than mergers & acquisitions. For instance, Roche co-markets Lucentis with Novartis. In 2017, Novartis’ Lucentis sale totaled at US$ 1.9 Bn (reports EU sales) and that of Roche totaled at US$ 1.5 Bn (reports U.S. sales). Johnson & Johnson co-markets Remicade with Merck & Co. J&J reported Remicade sale of US$ 6.9 Bn whereas Merck & Co’s sale totaled US$ 837 Mn in FY 2017.
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The FMI report provides detailed information about growth parameters in the antibodies market with the help of a detailed assessment of the competitive environment in the global market. The market study provides comprehensive data on important stakeholders in the antibodies market, including Novartis AG, F. Hoffmann-La Roche AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Amgen Inc., Biogen Inc., Bristol-Myers Squibb Company, AbbVie Inc., Sanofi SA, Eli Lilly and Co., among others.
Considering high growth potential of cancer immunotherapy, Novartis AG, the global leader in antibodies market, is focusing on developing new antibody-based therapeutics in this therapeutic class. The company is studying over 20 investigational antibodies for cancer immunotherapy, nine of which have entered into clinical trials. J&J is focusing on innovative product launches to ensure long-term growth. The company has launched a number of antibody-based products in the last two years, including SYLVANT, STELARA and DARZALEX.
Japanese pharmaceutical and biopharmaceutical companies are taking efforts to develop new technologies to capture growth potential in highly promising antibodies market. For instance, Astellas Pharma Inc. is developing a device to predict the effects of antibody using their 3D structure, which will further be used in antibody based drug discovery processes. Chugai Pharmaceutical Co., Ltd. has been involved in the development of long acting antibody drugs which would reduce the frequency and cost of administration.
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Antibody, also called as immunoglobulin, is a protein produced by plasma cells in response to specific antigens. These antibodies can be used as therapeutic as well as for diagnostic purposes for several indications, including cancers, autoimmune disorders, inflammatory & infectious diseases and others.
About the Report
The market study on antibodies market was recently published by FMI and provides comprehensive information about the most important market dynamics that will prove instrumental in the growth of antibodies market during 2016-2026. Market players can find the most accurate quantitative and qualitative information about growth parameters in the antibodies market in the report, which will help them to develop data-driven business strategies in the coming future.
For the better understanding of readers, the FMI report provides salient information about the antibodies market in the most comprehensive manner. The antibodies market has been segmented according to geographical regions, drug types, applications and end users, to analyze the segment-wise growth of the market. Based on geographical region, the antibodies market has been segmented into seven regions – North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). The antibodies market has been segmented into three drug types: monoclonal antibodies, polyclonal antibodies and antibody drug complexes (ADCs). Furthermore, applications of antibodies include CNS disorders, cardiovascular disorders and cancer/oncology and autoimmune disorders. Based on end users, the global antibodies market has been divided into three categories – hospitals, long-term care facilities and research institutes.
Additional Questions Answered
Readers can find detailed information about the important factors that are supporting along with factors hampering the growth of the antibodies market during the forecast period in this report. Additionally, the report also contains valuable information about antibodies market players with answers to critical questions, such as
Which drug types witness highest demand in antibodies market?
How the global antibodies market has evolved over time?
Which regulations in various regional segments are influencing strategies of players in antibodies market?
What is the adoption rate of antibody-based drugs in different therapeutic indications covered within the scope of report?
The process of market research followed at FMI commenced with extensive secondary research of antibodies market. Analysts obtained industry-validated, historic and current data about the demand and sales of all approved antibody-based therapeutics across the globe. The comprehensive secondary research was then followed by primary research, where detailed information about antibodies market was obtained, in terms of value (US$ million). Based on thorough secondary and primary research of growth parameters in the antibodies market, analysts came up with the most precise forecast on how antibodies market will grow over the forecast period.
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Antibodies Market: Detail Competitive Analysis Aids Market Players to Identify Competitive Position in Global Market
The recent market study published by Future Market Insights – “Antibodies Market: Global Industry Analysis and Opportunity Assessment 2016–2026” consists of a comprehensive assessment of the most important market dynamics. The report provides historical analysis of antibody-based therapeutics for the period 2014-2016 and the forecast for 2016–2026. The report shed light on emerging trends and opportunities in the global market, which will help market players to design their manufacturing, product or business strategies and exploit the maximum growth potential in the global antibodies market. The report provides analysis of the market dynamics in the most comprehensive way for better understanding of the readers.
Section 1 – Executive Summary
The report begins with the executive summary of the antibodies market, which includes the global market overview and key findings. The section also includes market value (US$ Mn) estimates for key segments of the global antibodies market.
Section 2 – Market Overview
This section provides detailed taxonomy and definition of each segment of the global antibodies market. The section will allow readers to understand the scope of the report, inclusion and exclusion criteria for different products within the scope, etc. This section also discusses the evolution of market over the period and key product launches of new class antibody therapeutics.
Section 3 – Market Dynamics
This chapter provides readers with information about the most important macroeconomic and microeconomic factors that have been instrumental in shaping the antibodies market. This section will help readers to understand the critical market dynamics, such as drivers, challenges, market trends and opportunities for market players in the antibodies market. The section explains regulatory landscape for antibody-based therapeutics in the matured markets of the the U.S., Europe and Japan. A comparative analysis of regulatory pathways provides readers with knowledge about differences in technical regulatory requirements in all three matured markets.
Section 4 – Global Antibodies Market By Drug Type, 2016–2026
Based on drug types in the antibodies market, this section elaborates market size for individual drug types, i.e. monoclonal antibodies, polyclonal antibodies, antibody drug conjugates (ADCs) etc. The section explains comparative trend analysis and market attractiveness analysis for each segment.
Section 5 – Global Antibodies Market By End User, 2016–2026
End user analysis provides analysis on usage pattern of antibody drugs across various end users at a global level. Market attractive analysis by end users has also been discussed to fathom relative lucrativeness of different end users of antibody drug products.
Section 6 – Global Antibodies Market By Indication, 2016–2026
This section provides market size analysis of antibody drug products for different approved indications, including CNS disorders, cardiovascular disorders, cancer, autoimmune diseases and others. Market attractiveness analysis by indication has been provided to understand effects of indication expansion on market size.
Section 7 – Global Antibodies Market By Region, 2016–2026
From geographical perspective, the global antibodies market has been segmented into a total of seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and the Middle East and Africa (MEA). Historical trends in the antibodies market and their effect on the global market performance have been discussed in this chapter.
Section 8 – North America Antibodies Market Analysis and Forecast 2016-2026
Readers can find detailed information about factors, such as key regulations, pricing analysis and regional trends that are impacting the growth of the North America antibodies market. This section also includes the growth prospects of the antibodies market in countries, such as the U.S. and Canada.
Section 9 – Latin America Antibodies Market Analysis and Forecast 2016-2026
The market performance of antibodies in North America has been discussed on a country level (Brazil, Mexico & rest of Latin America) in this section. The section also provides insights on regional market trends in Latin America antibodies market.
Section 10 – Western Europe Antibodies Market Analysis and Forecast 2016-2026
This section provides country wise analysis of antibodies market in Western Europe. Countries covered in this section are Germany, Italy, France, U.K, Spain, Nordic countries, BENELUX and rest of Western Europe. Market attractiveness analysis by country has been provided to identify the potential of growth for key players in the market. The section highlights regional market trends and key regulations for antibodies market.
Section 11 – Eastern Europe Antibodies Market Analysis and Forecast 2016-2026
This chapter of the report introduces antibodies markets of Russia, Poland and rest of Eastern Europe by providing detailed information about the growth avenues for market players in the region and growth prospects of the market based on its leading segments.
Section 12 – APEJ Antibodies Market Analysis and Forecast 2016-2026
China, India, ASEAN and Australia & New Zealand are the leading countries in the APEJ region and are the prime subject of assessment in this chapter. Readers can find thorough information about the growth parameters in the APEJ antibodies market during the period 2016-2026.
Section 13 – Japan Antibodies Market Analysis and Forecast 2016-2026
Readers can find important factors that can make a huge impact on the growth of the antibodies market in Japan. This chapter provides the overview of regulations, drivers, restraints and trends in the Japan antibodies market.
Section 14 – MEA Antibodies Market Analysis and Forecast 2016-2026
This chapter provides information on how the antibodies market will grow in the major countries in MEA region, such as GCC Countries, South Africa and rest of MEA, during the period 2013-2028.
Section 15 – Competition Landscape, Company Share and Company Profiles
This section provides a dashboard view of the competition in the global antibodies market. It details the comparative assessment of key products specific to market segments and competitive position of key players in the global market.
Readers can find comprehensive profiles of key players in antibodies market, including company overviews, revenue shares, strategic overview, recent company developments, SWOT analysis etc. Company share analysis has also been provided to understand the degree of competition in global antibodies market. Market players featured in the report include Novartis AG, F. Hoffmann-La Roche AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Amgen Inc., Biogen Inc., Bristol-Myers Squibb Company, AbbVie Inc., Sanofi SA, Eli Lilly and Co. etc. among others.
Section 16 – Assumptions and Acronyms
This section includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report. The section also enlists forecast assumptions and forecast factors considered while estimating the market size.
Section 17 – Research Methodology
This section will allow readers to understand the research methodology followed to obtain various conclusions, important qualitative information and quantitative information about the antibodies market.