What are Major Factors Driving Progress of Global Next-Generation Antibody Therapeutics Market?

 The increasing number of technological developments in the healthcare industry is one of the major factors fuelling the surge in the demand for next-generation antibody therapeutics solutions throughout the globe. For instance, there have been major developments in the healthcare technologies over the last few years such as the development of bispecific antibodies (BsAbs), ADC technologies, and glycoengineered antibody. These advancements have significantly increased the application area of the antibody therapeutics. The other major factor propelling the demand for next-generation antibody therapeutics solutions is the increasing prevalence of chronic diseases across the world.

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ADCs are widely considered to be much safer and effective than the conventionally used antibodies for cancer treatment as these are made by combining a biologically active cytotoxic drug and a monoclonal antibody for targeting the tumor cells. This also plays a major role in overcoming the challenges occurring because of the limited utilization of the monoclonal antibody therapeutics. Due to these factors, the global next-generation antibody therapeutics market is expected to exhibit huge growth in the coming years.  

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There are different types of technologies adopted for the development of next-generation antibody therapeutics solutions such as antibody drug conjugates (ADCs), Fc engineered antibodies, biospecific antibodies (BsAbs), antibody fragments and antibody-like proteins (ALPs & AF), and biosimilar antibody (Ab) products. Out of these, the ADCs recorded the highest usage in the last few years. The Fc engineered antibodies are expected to register rapid growth in demand in the coming years.

The biggest trend currently being witnessed in the next-generation antibody therapeutics market is the rising adoption of ADC technology in various applications. It has been found that the cytotoxic nature of antibodies have potentially huge benefits in chemotherapy, which are regulated and expressed by the ADC technology in order to achieve higher specificity and enhanced efficacy. Due to the high efficiency provided by the ADCs, many biotechnology and pharmaceutical companies across the world are rapidly shifting their focus toward the development of ADCs.