DUBLIN–(BUSINESS WIRE)–The “USA Antibody Drug Conjugates Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
By target, the USA antibody drug conjugates market has been segmented into CD 30, CD 22, and HER 2. CD 30 is expected to hold a notable share of the market during the forecasted period. By indication, the market has been segmented into hematologic malignancies and non-hematologic malignancies.
Growth Factor
Rising cancer cases in the US
One of the prime reasons supporting the growth in the USA Antibody Drug Conjugates market is the rising cancer cases in the country, which has increased the demand for antibody-drug conjugates. Data from the American Cancer Society shows that 1.9 million new cancer cases were diagnosed in the country in 2021. In 2018, 1.7 million new cancer cases were discovered. The rising cases, coupled with an increasing number of cases year on year, have raised concerns in the country. The increasing standard of living and rising healthcare expenditure has increased the expenditure on treatments and hence are forecasted to provide notable scope for antibody-drug conjugates.
Increasing healthcare spending
Another key reason which is forecasted to drive robust growth in the market is surging healthcare expenditure in the country. The US has one of the largest healthcare sectors in the world, with state-of-the-art infrastructure and advanced technology. The growing advent of chronic diseases and a surge in cancer cases has increased government expenditure in the sector. The government had spent 19.7% of the country’s GDP, accounting for US$4.1 trillion in 2020. It is further forecasted that the government’s sector expenditure will surge to US$6.2 trillion by 2028. Promising growth in the healthcare sector is expected to drive notable demand for antibody drug conjugates in the country.
Restraints
Growing medical tourism
A key restraint facing the market is rising medical tourism, which drives away the potential demand for antibody drug conjugates in the country. Healthcare costs per person in the country are significant, consuming a large portion of earnings. The growing advent of diseases and surging healthcare costs has notably increased private healthcare expenditure, from 49.301% of health care expenditure in 2015 to 49.587% in 2018. Surging healthcare bills, coupled with the availability of pocket-friendly healthcare tourism, have driven away medical tourists to countries such as Mexico, China, India, South Korea, Thailand, and others. This has notably impacted the market for antibody-drug conjugates.
Market Segmentation:
By Target
By Indication
- Hematologic Malignancies
- Non- Hematologic Malignancies
Key Topics Covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. USA ANTIBODY DRUG CONJUGATES MARKET, BY TARGET
6. USA ANTIBODY DRUG CONJUGATES MARKET, BY INDICATION
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
8. COMPANY PROFILES
Companies Mentioned
- Takeda Pharmaceutical Company Limited
- F. Hoffmann-La Roche Ltd.
- Pfizer Inc.
- Astellas Pharma Inc.
- Seattle Genetics, Inc
For more information about this report visit https://www.researchandmarkets.com/r/jopyzh
