Antibody Therapy Market Size & Share 2023 to 2032
Market Size by Type [Monoclonal Antibodies (mAbs) {Oncology, Autoimmune Disease, Infectious Disease}, Antibody-drug Conjugates (ADCs)], by End Use (Hospitals, Specialty Centers) – Global Forecast.
Report ID: GMI5195
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Published Date: December 2023
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Report Format: PDF
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Authors:
Mariam Faizullabhoy, Gauri Wani
Antibody Therapy Market Size
Antibody Therapy Market size accounted for USD 214.7 billion in 2022 and is projected to expand at 11.8% CAGR from 2023 to 2032. The industry is experiencing exponential growth from the last few years as new therapies and drugs have been approved for the treatment of diseases. To date, the Food and Drug Administration (FDA) has approved more than 100 antibody products and every year around a fifth of new drug approvals are of biologics. The presence of a healthy antibody therapy pipeline creates a high potential for the company to attain larger market revenue.
Antibody Therapy Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Antibody therapy is a targeted therapeutic intervention comprising concentrated or monoclonal antibody used to manage diseases such as cancer/oncology, infectious diseases and autoimmune diseases among other diseases. These therapeutic antibodies bind to specific molecules on the surface of cells, triggering immune responses that help eliminate or inhibit the growth of abnormal cells. This precise targeting makes antibody therapy a promising approach for treating various diseases, offering a tailored and effective strategy in the field of medical intervention and personalized medicine.
COVID-19 Impact
While the influence of COVID-19 had been mostly negative in several areas, the antibody therapy industry gained considerable momentum due to a spike in demand for the treatment development of COVID-19. Several companies commenced their R&D at a faster pace for the development of diagnostic and treatment related to COVID. The FDA and other organizations of various countries gave emergency use authorizations (EUAs) for the use of anti-SARS-CoV-2 mAb and other antibody therapy for the treatment of mild to moderate COVID-19 infection. Hence, COVID-19 showed a positive effect on the market of antibody therapy in 2020.
Antibody Therapy Market Trends
Antibody Therapy Market Analysis
The market based on type is segmented into monoclonal antibodies (mAbs) and antibody-drug conjugates (ADCs). The monoclonal antibodies (mAbs) segment is further split into oncology, autoimmune diseases, infectious diseases, and other monoclonal antibodies. The mAbs segment is expected to exhibit 11.7% CAGR during the forecast period.
The antibody therapy market based on end-use is categorized into hospitals, specialty centers, and other end-users. The hospitals segment held the major share of 47.6% in 2022.
The North America antibody therapy market is expected surpass the revenue USD 284.0 billion by 2032.
Antibody Therapy Market Share
The key players are actively engaged in strategic collaborations, product launches, and acquisitions to strengthen their market position. The market also witnesses a surge in biosimilar competition, intensifying rivalry. Strong R&D initiatives, coupled with regulatory approvals, show the dynamic competition, fostering advancements in antibody therapies and shaping the market's evolving competitive landscape.
Market players operating in the antibody therapy is as mentioned below:
Antibody Therapy Industry News:
The global antibody therapy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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By Type 2018 – 2032 (USD Million)
By End-use 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
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Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →