Please login to the form below

Not currently logged in
Email:
Password:

European monoclonal antibody market set to hit $42bn by 2018

Product innovations will add to existing brand success to drive growth

The European market for therapeutic monoclonal antibody products will be worth $42.4bn by 2018 thanks to 11 per cent year-on-year growth, according to a new study.

Analysts at Frost & Sullivan said market expansion will be driven by innovative new products that add to the successes of existing brands to treat rising disease incidence across the region.

Monoclonal antibodies (Mabs) are predominantly used to treat cancer, autoimmune and inflammatory diseases, where existing blockbusters include J&J/Merck & Co's Remicade (infliximab) and Abbott's Humira (adalimumab).

There are also Mabs in development as treatments for cardiovascular and infectious disease, as well as for use with organ transplants.

Frost & Sullivan research analyst Deepika Pramod Chopda said: “Technological development within the biotech and genomic markets triggered the use of Mabs for therapeutics.

“With the rise in disease incidence rate and deterioration in human health conditions, the need for innovative and effective cure has been in great demand.”

The analysts added that while Mabs are the fastest growing segment within the biotechnology market, their high developmental costs constitute a major barrier for mid-segment market entrants.

They have a complex production process that requires expensive biological and chemical materials and clinical trials that brings their average development costs up to $650-$750m.

Consequently this hinders the ability of small biotech companies to bring new Mabs to market and generally favours big pharma, thanks to its financial strength and capabilities.

“Alliances between big pharma and small biotech firms for developing biologics is a key trend observed in this market,” added Chopda. “Alliances with financially adept companies will help small biotech firms to develop new technologies, thus encouraging product development within this market.”

But emerging biosimilars could present a threat to the market. The European Medicines Agency (EMA) finalised guidance on biosimilar Mabs in a June move that provided regulatory guidance on showing equivalence of biosimilar Mabs to their reference products.

10th October 2012

From: PME

Share

Tags

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Gower Publishing Limited

Gower is recognised as one of the world's leading publishers of specialist business and management books and resources. Our publishing...

Latest intelligence

How to create a multi-channel marketing strategy and plan
You know what it is and why you need one, now find out how to create a successful pharma multi-channel marketing strategy and plan...
Biosimilars: Getting the flock to market
The biosimilars field is about to become very crowded. Here are some Life tips on how to stand out from the herd...
Creative effectiveness: how to achieve tangible results
Chris Field, Director and Head of Creative Services at Blue Latitude Health, reveals what it takes to create winning creative campaigns that achieve results in the Pharma market....

Infographics