Rising prevalence of chronic ailments and the growing healthcare expenditure is expected to drive the demand for global nanobodies market in the forecast period.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities across the globe have imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Government authorities around the globe increased their healthcare expenditure for the treatment of coronavirus. Nanobodies are used to develop technologies aiding in the treatment of coronavirus. Nanobodies are small in size, cost-effective, and contains low antigen boding affinity which makes them suitable in producing antibodies for effective treatment of coronavirus.
However, the failure of products in clinical trials is expected to restrain the global nanobodies market growth in the forecast period.
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Global nanobodies market is segmented into type, application, distribution channel, regional distribution, and company. Based on the type, the market can be bifurcated into mono-specific and multi-specific. The mono-specific nanobodies are expected to account for major market share in the forecast period, 2022-2026 owing to their increased approvals through clinical trials. Multi-specific nanobodies can bind to two different antigens at the same time which is a promising segment for growth in the coming years. Based on the distribution channel, the market can be divided into hospital pharmacies, retail pharmacies, and online pharmacies. Retail pharmacies are expected to witness significant growth in the next five years. The high accessibility and ease of consumers to buy from the retail stores coupled with growing disposable income are driving the growth of the segment.
Based on the application, the market can be divided into acquired thrombotic thrombocytopenic purpura (TTP), respiratory syncytial virus infection, rheumatoid arthritis, systemic lupus erythematosus, oncology, psoriasis, chronic kidney diseases, bone disorders, and others. The oncology segment is expected to witness the fastest incremental growth in the predicted period owing to its nature of infiltrating solid tumors effortlessly and can bind to a larger area in a molecule. It leaves no trace on the human body thereby aids in avoiding unwanted allergic reactions in the body. Nanobodies can flow through the blood-brain barrier and remain unnoticed to the system which normally escorts antibodies away from the brain which makes them ideal for the treatment of cancer.
Novo Nordisk A/S, Merck & Co., Inc., AbbVie, Inc., C.H. Boehringer Sohn AG & Ko. KG., Sanofi S.A. (Ablynx), Hybrigenics Services, Beroni Group, Shenzhen Kangti Co., Ltd. (Alphalife) are the leading players operating in global nanobodies market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several nanobodies manufacturers are coming up with their technologically advanced offerings.
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“The adoption of advanced technologies and infrastructure to provide effective treatment to patients is enabling the leading authorities and market players to increase their healthcare expenditure to fund the research activities. The development of innovative techniques and the growing application of nanobodies in the diagnosis and treatment of several diseases is expected to revolutionize the healthcare industry. The rise in the number of people suffering from a plethora of diseases due to their high adoption of a sedentary lifestyle and the change in lifestyle patterns is contributing significantly to the growth of the global nanobodies market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Nanobodies Market By Type (Mono-Specific v/s Multi-Specific) By Application (Acquired Thrombotic Thrombocytopenic Purpura (TTP), Respiratory Syncytial Virus Infection, Rheumatoid Arthritis, Systemic Lupus Erythematosus, Oncology, Psoriasis, Chronic Kidney Diseases, Bone Disorders, Others) By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of global nanobodies market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global nanobodies market.
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