Antibody Cocktails Market, by Type (Monovalent Antibody and Polyvalent Antibody), by Indication (COVID-19, Cancer, HIV, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Feb 2022

Code : CMI4950

Pages :156

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Challenges And Opportunities

Global Antibody Cocktails Market: Restraint

The major factors that hinder growth of the global antibody cocktails market include the high cost of the drugs and stringent government regulations for product approval. For instance, the antibody cocktail therapy REGEN-COV (Casrivimab and Imdevimab) developed by Regeneron Pharmaceuticals Inc., a biotechnology company, is priced at US$ 2,100 per dose in the U.S., US$ 2,000 per dose in Germany and US$ 820 per dose in India.

Global Antibody Cocktails Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in various countries across the globe have negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions.

However, the pandemic has positively impacted the global antibody cocktails market, owing to the increasing research and development activities by the key players to develop antibody cocktails and lower the risk of hospitalization in the case of severe COVID-19 infected patients. For instance, in July 2021, the Brihanmumbai Municipal Corporation (BMC) said that a preliminary experiment of a cocktail of two antibody drugs- Casirvimab and Imdevimab, for the treatment of COVID-19, has been successful. The BMC said that the number of patients requiring oxygen after this cocktail medication was only 0.5% and the mortality rate was reduced by 70%. Earlier, the requirement for hospitalization was 13 to 14 days, which was reduced to 5 to 6 days after administering this antibody cocktail therapy.