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(Medical-NewsWire.com, June 18, 2017 ) The Europe Monoclonal Antibodies Market was worth $26860.7439 million in 2016 and estimated to be growing at a CAGR of 5.32%, to reach $34807.46 million by 2021.
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MAb`s are antibodies produced by a single clone of cells consisting of identical antibody molecules. Monoclonal Antibodies have various diagnostic and therapeutic applications, especially in cancer. Apart from these mAb`s are also useful in protein purification. Growth in sales of currently approved monoclonal antibody products, along with 300 monoclonal antibody products currently in development, will show significant growth in sales of mAb products in the coming five years.
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Europe Monoclonal Antibodies market is driven by increasing Research and development activities, owing to introduction of advanced methods for mAb production. Major pharmaceutical companies are building their own product pipeline for the development of new molecules. Growing consumer awareness about various benefits and applications of mAb is also a major driving factor for the market growth. However huge cost and time associated with the identification and development, and stringent regulatory framework are the key restraining factors for the market growth.
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Europe Monoclonal Antibodies is segmented by Source, Indication, End User and Application. On the basis of source market is categorized into Murine, Chimeric, Humanized and Human. By source Human mAb`s account for the largest share of the market. Based on Application the market is segmented to cancer, Auto immune diseases, Infectious diseases, Cardiovascular diseases, CNS disorders and others. Cancer Vaccines are further sub segmented into Blood Cancer, Breast Cancer, Colorectal Cancer, Lung Cancer, Pancreatic Cancer and Others. On the basis of end user, the market is segmented into Hospitals/Clinics, Research Institute and Diagnostic Laboratories. Hospitals is the largest end user segment accounting for a share of approximately XX%. By application global monoclonal antibodies market is segmented into medical and experimental. Based on experimental the market is further sub segmented into Western Blot, ELISA, Radioimmune Assays, Immunofluorescence and others.
Geographically Europe monoclonal antibodies market is segmented into United Kingdom, Germany, France, Italy ad Spain. Europe is the second largest market for monoclonal antibodies accounting for a share of approximately XX%. Within Europe, Germany is the largest market for monoclonal antibodies followed by United Kingdom.
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•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
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