European therapeutic MAbs market to reach over $42 billion in 2018, says F&S
Efficient resource to therapy of complex disorders with lesser side effects has accelerated growth of monoclonal antibodies based therapeutics against conventional chemical drugs, according to a new report from Frost & Sullivan.
However, high developmental costs constitute a major barrier for mid-segment market entrants. Growing market opportunities generated by innovative treatment methods and existing product success rate will boost market growth.
The new analysis from Frost & Sullivan, titled Analysis of the Therapeutic Monoclonal Antibodies Market in Europe, finds that the market earned revenues of $19.01 billion in 2011 and estimates this to reach $42.37 billion in 2018, at a compound annual growth rate (CAGR) of 12.1% from 2011-2018.
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