Immuno-Oncology Drugs Market Growth Insights 2020 – By Key Players, Research By Top Trends, Revenue, Share, Business Size Forecast To 2030
The global immuno-oncology drugs market is expected to decline from $59.64 billion in 2019 to $57.34 billion in 2020 at a compound annual growth rate (CAGR) of -3.86%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $80.11 billion in 2023 at a CAGR of 11.79%.
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The immuno-oncology drugs market consists of sales of immuno-oncology drugs used for the treatment of cancer and related services by entities (organizations, sole traders and partnerships) that produce immuno-oncology drugs for cancer treatment. Immuno-oncology is the artificial stimulation of the immune system to treat cancer, improving the immune system`s ability to fight the disease. The market consists of revenue generated by the companies manufacturing immuno-oncology drugs by the sales of these products.
The rise in the number of cancer cases across the globe is likely to contribute to the growth of the immune-oncology drugs market. According to the American Cancer Society, there were 1.7 million new cases and 0.6 million cancer deaths in 2019 in the USA. The four most common types of cancers worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of the new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for the immune-oncology drugs market over the coming years.
Immuno-Oncology Drugs Market Segmentation: -
Immune Checkpoint Inhibitors
Immune System Modulators
By Therapeutic Application
Renal Cell Carcinoma
Ambulatory Surgical Centers
Cancer Research Institutes
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Few Points From Table Of Content
1. Executive Summary
2. Immuno-Oncology Drugs Market Characteristics
3. Immuno-Oncology Drugs Market Size And Growth
4. Immuno-Oncology Drugs Market Segmentation
5. Immuno-Oncology Drugs Market Regional And Country Analysis
25. Immuno-Oncology Drugs Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Immuno-Oncology Drugs Market
27. Immuno-Oncology Drugs Market Trends And Strategies
28. Immuno-Oncology Drugs Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the Immuno-Oncology Drugs Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Immuno-Oncology Drugs Market are Amgen, Inc., AstraZeneca Plc, Bristol-Myers Squibb, Celgene Corporation, Eli Lilly and Company.
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