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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Immunotoxins Market
Request Now !An immunotoxin is an artificial protein consisting of a targeting portion linked to a toxin. When the protein binds to that cell, it is taken in through endocytosis, and the toxin kills the cell. Immunotoxins are created by chemically conjugating an antibody to a whole protein toxin, devoid of its natural binding domain. They are used for the treatment of some kinds of cancer and a few viral infections. Radiation therapy and chemotherapy used in the treatment of cancer cause adverse side effects including deterioration of health and hair loss. On the other hand antibodies used in immunotoxin therapy specifically bind and deliver the therapeutic agent to sick cells and subsequently kills them, having little or no side effect on healthy cells in the body.
One of the prominent factors involved in the growth of the market is the increase in prevalence of cancer patients globally. For instance, according to World Health Organization (WHO), in 2012, cancer accounted for 8.2 million deaths. Moreover, development of advance and efficient technology and rise in R&D activities in various government based research institutes have significantly contributed to the immunotoxins market growth.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Toxin Type, Application, End User, and Region |
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the immunotoxins market.
Top Impacting Factors
Key Market Trends
Key Benefits of the Report
Questions Answered in the Immunotoxins Market Report
Key Market Segments
Segments | Sub-segments |
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By Toxins Type |
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By Application |
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By End User |
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By Region |
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Key Market Players
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