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Why is Next-Generation Antibody Therapeutics Market Expected to Surge in North America in Future?

Why is Next-Generation Antibody Therapeutics Market Expected to Surge in North America in Future?

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Next-Generation Antibody Therapeutics Market | Industry Research Report

Global next-generation antibody therapeutics market is expected to generate revenue of $11.9 billion by 2020, progressing at a CAGR of 44.0% during the forecast period.

https://www.psmarketresearch.com/market-analysis/next-generation-antibody-market?utm_source=xing&utm_medium=Pramod

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.

NEXT-GENERATION ANTIBODY
THERAPEUTICS MARKET

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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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