The size of the Latin American Monoclonal Antibodies Market is forecasted to be USD 4.88 Billion in 2022 and USD 7.69 billion by 2027, growing at a CAGR of 9.5% from 2022 to 2027.
MARKET DRIVERS:
There is great experience and development of monoclonal antibodies in Latin America, so there is great interest from local and foreign pharmaceutical companies to enter the market to research, produce and market locally and internationally. Moreover, increasing research collaborations to develop robust drug streamlining is a major factor that is expected to drive market growth over the forecast period.
The Latin American monoclonal antibodies market is expected to experience rapid growth in the coming years, mainly due to discovering new molecules. Therefore, biotech companies invest heavily in R&D to stay ahead of the monoclonal antibody market by constantly offering new innovative products.
There are a growing number of government initiatives and funding for clinical trials of drugs, which can be used in the treatment of Covid-19, which are expected to support market growth. For example, in 2020, the World Health Organization launched the “Solidarity” trial, a multinational initiative to test new and old drugs/therapies to treat Covid-19.
MARKET RESTRAINTS:
Despite the efforts of large multinationals to produce innovative biological drugs, the Latin American market for monoclonal antibodies is constantly evolving and remains competitive. Additionally, recent changes in local regulations positively affect the Latin American monoclonal antibodies market and fuel the race against innovative products.
Although current regulations allow the registration of generic versions of conventional pharmaceuticals, regulatory pathways for monoclonal antibody drugs are still unclear in some Latin American countries. In addition, in many Latin American countries, such as Brazil, Mexico, and Argentina, some insurers do not cover certain biological drug treatments. Therefore, patients have to buy the drug out of pocket or by monoclonal antibodies through the government. Thus, the lower the prices, the higher the sales in the public and private sectors.
The main challenges facing players in the Latin American monoclonal antibody market relate to the high costs of R&D and clinical trials required to demonstrate the efficacy and safety of the product, as well as the need to keep end prices low. Therefore, to expand their business, regional organic manufacturers are looking to license their products to global players.
Intellectual property is not protected in all Latin American countries, so that companies can register monoclonal antibodies against innovative biological drugs protected in other regions. Therefore, innovative companies compete with cheaper products with similar chemical structures, clearly at a disadvantage. In response, they are implementing competitive strategies to prevent monoclonal antibodies from entering the Latin American market.
This research report on the Latin American monoclonal antibodies market has been segmented & sub-segmented into the following categories:
By Source:
By Indication:
By End-User:
By Application:
By Country:
Regional Analysis
In Latin America, the Brazilian monoclonal antibodies market is forecasted to lead the market during the forecast period. Monoclonal antibodies in Latin America represent many pharmaceutical spending but a relatively small number of prescriptions. In many Latin American countries, monoclonal antibodies for breast cancer, rheumatoid arthritis, and non-small cell lung cancer are currently in development and may soon be on the market.
KEY MARKET PLAYERS:
A few prominent companies operating in the Latin American monoclonal antibodies market profiled in this report are GlaxoSmithKline plc, Novartis AG, Pfizer Inc., Thermo Fisher Scientific Inc., Eli Lilly, and Company, Seattle Genetics, Bristol-Myers Squibb, F. Hoffmann-La Roche Ltd., and Biogen Inc.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Source
5.1.1 Murine
5.1.2 Chimeric
5.1.3 Humanized
5.1.4 Human
5.2 By Indication
5.2.1 Cancer
5.2.1.1 Blood Cancer
5.2.1.2 Breast Cancer
5.2.1.3 Colorectal Cancer
5.2.1.4 Lung Cancer
5.2.1.5 Pancreatic Cancer
5.2.1.6 Others
5.2.2 Autoimmune Diseases
5.2.3 Infectious Diseases
5.2.4 Cardiovascular Diseases
5.2.5 CNS Disorders
5.2.6 Others (Inflammatory, Microbial Diseases, & Other)
5.3 End User
5.3.1 Hospitals/Clinics
5.3.2 Research Institute
5.3.3 Diagnostic Laboratories
5.4 Application
5.4.1 Medical
5.4.2 Experimental
5.4.2.1 Western Blot
5.4.2.2 ELISA
5.4.2.3 Radioimmune Assays
5.4.2.4 Immunofluorescence
5.4.2.5 Other (Immunohistochemistry, Immunoprecipitation, & Immunocytochemistry)
6. Geographical Analysis
6.1 Latin America
6.1.1 Introduction
6.1.2 Brazil
6.1.3 Argentina
6.1.4 Mexico
7. Pipeline Product Analysis
7.1 Overview
7.2 Pipeline Development Landscape
7.3 Molecular Targets in the Pipeline
7.4 Clinical Trials
7.4.1 Failure Rate by Stage of Development, Indication, Molecule Type and Molecular Target
7.4.2 Clinical Trial Duration by Stage of Development, Indication, Molecule Type and Molecular Target
7.4.3 Clinical Trial Size by Stage of Development, Indication, Molecule Type and Molecular Target
7.5 Key Trends in Monoclonal Antibodies Development
7.5.1 Targeted Therapies
7.6 Promising Monoclonal Antibodies in Pipeline
7.7 Heat Map of Safety and Efficacy for Pipeline and Marketed Monoclonal Antibodies
8.Strategic Analysis
8.1 PESTLE analysis
8.1.1 Political
8.1.2 Economic
8.1.3 Social
8.1.4 Technological
8.1.5 Legal
8.1.6 Environmental
8.2 Porter’s Five analysis
8.2.1 Bargaining Power of Suppliers
8.2.2 Bargaining Power of Consumers
8.2.3 Threat of New Entrants
8.2.4 Threat of Substitute Products and Services
8.2.5 Competitive Rivalry within the Industry
9.Market Leaders' Analysis
9.1 GlaxoSmithKline plc (U.K.)
9.1.1 Overview
9.1.2 Product Analysis
9.1.3 Financial analysis
9.1.4 Recent Developments
9.1.5 SWOT analysis
9.1.6 Analyst View
9.2 Novartis AG (Switzerland)
9.3 Pfizer Inc. (U.S.)
9.4 Thermo Fisher Scientific Inc. (U.S.)
9.5 Eli Lilly and Company (U.S.)
9.6 Seattle Genetics (U.S.)
9.7 Bristol-Myers Squibb (U.S.)
9.8 F. Hoffmann-La Roche Ltd. (Switzerland)
9.9 Biogen Inc.(U.S.)
10.Competitive Landscape
10.1 Market share analysis
10.2 Merger and Acquisition Analysis
10.3 Agreements, collaborations and Joint Ventures
10.4 New Product Launches
11.Market Outlook & Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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