A new Report by Delvens, titled "Immunotherapy Drugs Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Immunotherapy Drugs Market size is projected to reach a CAGR of 11.7% from 2023-2030.
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Immunotherapy drugs are used to enhance or suppress the immune system of the body. They are mostly used in the treatment of cancer and act by stimulating the immune system of the body and generating an immune response aiding the production of antibodies. Antibodies produced against antigens kill the cancerous or tumour cells.
The global immunotherapy market is driven by the increasing adoption of targeted therapies, the increase in the life span of patients, and the high prevalence of lifestyle diseases. Furthermore, rapid approval of drugs and reduction in the recurrence of diseases propel market growth. Additionally, immunotherapy as an alternative to chemotherapy and the use of immunotherapy as the first line of drug for the treatment of cancer provide growth opportunities for the market players shortly.
The prominent players in Immunotherapy Drugs Market are
· Amgen, Inc.
· Novartis AG
· AbbVie, Inc.
· Pfizer, Inc.
· F. Hoffmann-La Roche Ltd.
· Johnson & Johnson Services, Inc.
· AstraZeneca
· GSK
· Sanofi
· Bayer AG and More
Key Findings in Immunotherapy Drugs Market are:
· Immunotherapy drugs are used to enhance or suppress the immune system of the body. They are mostly used in the treatment of cancer and act by stimulating the immune system of the body and generating an immune response aiding the production of antibodies. Antibodies produced against antigens kill the cancerous or tumour cells.
· The indication segment is further fragmented into Cancer, Autoimmune Diseases, Infectious Diseases, and Others. The cancer segment accounted for the largest revenue share owing to the increased prevalence of cancer, coupled with a rise in the launch of cancer immunotherapies.
· The drug type segment is further fragmented into monoclonal antibodies, immunomodulators, and vaccines. The monoclonal antibodies segment accounted for the largest share owing to increased R&D in therapeutic monoclonal antibodies coupled with supportive government initiatives.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America dominated the global industry and accounted for the largest share of the overall revenue. The launch and regulatory approval of new immunotherapy drugs and favourable reimbursement policies are projected to aid in the region’s growth.
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The global immunotherapy drugs market is anticipated to grow owing to the increasing R&D activities aimed at developing novel immunotherapies for various chronic diseases. The market is expected to grow during the forecast period due to the rising demand for these drugs.
However, the high cost of immunotherapy treatment and the high attrition rate in the product development cycle may impede the growth of the market. Despite this, the market is expected to experience significant growth in the coming years, driven by factors such as increasing investments in R&D, growing awareness among patients about the benefits of immunotherapy, and the development of more cost-effective treatment options.
Recent Developments
August 29, 2022 - AbbVie Showcases New Analyses and Real-World Data Across Multiple Immune-Mediated Skin Diseases at the European Academy of Dermatology and Venereology (EADV).
August 24, 2022 - AbbVie announced that the U.S. Food and Drug Administration (FDA) approved the use of IMBRUVICA® (ibrutinib) for the treatment of paediatric patients one year and older with chronic graft versus host disease (cGVHD) after the failure of one or more lines of systemic therapy.
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
· Gain authentic and granular data access for Immunotherapy Drugs Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Immunotherapy Drugs Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
Frequently Asked Questions
· What are the years considered to study Immunotherapy Drugs Market?
· What is the compound annual growth rate (CAGR) of the Immunotherapy Drugs Market?
· Which region holds the largest market share in Immunotherapy Drugs Market?
· Who are the major players in Immunotherapy Drugs Market?
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