The global ADC market is rapidly expanding, driven by increasing demand for targeted therapies. Over 15 ADCs are approved, with more than 600 in clinical trials. At least 10 new approvals are expected in the next couple of years. Numerous ADC candidates are in pivotal stages, with over 20 in Phase 3 trials. Key drugs in late-stage trials include Ifinatamab deruxtecan, DP 303c, BL B01D1, 9MW 2821, Telisotuzumab vedotin, and Datopotamab deruxtecan.