According to the research report titled ‘Europe Monoclonal Antibodies Market Forecast 2027 By End-use, By Type, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Europe monoclonal antibodies market is slated to amass USD 106 billion during 2021-2027.

The growth of Europe monoclonal antibodies market can be accredited to massive adoption given the increasing application of such treatment for cancer, autoimmune diseases, and cardiovascular ailments, in consort with surging incidences of rare & chronic ailments, and proliferating biologics sector.

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Additionally, immense R&D activities in the medical field, along with the ongoing COVID-19 pandemic are prompting the expansion of the scope of monoclonal antibodies, thus generating remunerative prospects for the businesses in this line of work.

Nevertheless, huge costs involved in the therapeutics, combined with a strict regulatory framework are likely to challenge the progress of industry in the forthcoming years. 

In terms of type, the humanized segment accounted for USD 14 billion in revenue in 2020 and is estimated to record significant expansion during the forecast timeframe, as these are approved therapeutic treatment for breast cancer, stomach, cancer, etc.

Based on application scope, the oncology vertical of Europe monoclonal antibodies industry is anticipated to grow at 13.3% CAGR during the projected timeline, owing to the rapidly growing burden of cancer in the region, making it a key application area for such therapies. 

Concerning end-use ambit, the hospital vertical retained a 42% revenue share in 2020 and is predicted to expand substantially during the stipulated timeframe, given the soaring number of hospital admissions for the treatment of autoimmune, infectious, and other diseases as hospital continue to remain the preferred choice for receiving treatment & care.  

Speaking of geographical terrain, the U.K. market is poised to expand at 13.7% CAGR during the assessment timeframe, attributed to the surging occurrence of cancer and other ailments in the country. Moreover, active government spending on healthcare, coupled with increasing household incomes are further boosting regional expansion. 

Meanwhile, Germany market held 18% revenue share in 2020 and is projected to witness monumental expansion during the review period, due to the increased income levels as well as easier access to advanced therapy treatments in the nation. 

The notable players in Europe monoclonal antibodies marketplace include F. Hoffmann-La Roche AG, Johnson & Johnson, Novartis AG, Bristol Myers Squibb, Eli Lilly & Company, Amgen, Inc., AbbVie, Inc., AstraZeneca plc, Merck & Co., Inc., and GlaxoSmithKline plc among others.