Immunotherapy Drugs Market, 2020-2027 – Industry Survey, Market Size, Competitive Trends: Coherent Market Insights

Scope of the Immunotherapy Drugs Market

The primary focus of the market is to provide a comprehensive analysis of the Immunotherapy Drugs Market with corresponding stats, diagrams, and factual information. This includes qualitative and quantitative analysis such as SWOT analysis, PEST analysis, and Porter’s five force analysis. The report profiles key players in the market and offers detailed insight into their product portfolio, manufacturing plants, revenue generation, geographical presence, key developments, and growth strategies. It also offers key insights into market segmentation on regional as well as country level.

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Dynamics/Drivers

An increase in the prevalence of cancer and a number of autoimmune diseases, the demand for immunotherapy drugs is likely to increase. The impact of these diseases can be ascertained from the fact that cancer caused 9.6 million deaths in 2018, as reported by the World Health Organization (WHO). The organization further stated that around 70% of deaths from cancer occur in low and middle-income countries. Moreover, with the rising need for mAbs, the immunotherapy drugs market is anticipated to have a positive outlook till the end of the forecast period 2019-2027. MAbs have a high affinity towards the specific disease cells as well as areas that require treatment. Accordingly, they can be utilized for therapies such as antibody-directed enzyme prodrug therapy and radio immunotherapy. The increased use of these antibodies in the drug development process is likely to boost the market’s revenue making capacity over the forecast period.

Another important factor driving the growth prospects of the global immunotherapy drugs market is the materialization of biosimilars. Dissimilar to generic drugs that have active pharmaceutical ingredients like original drugs, biosimilars are nearly identical to their creator biologic compounds. In view of the fact that biosimilars are less expensive than biologics therefore the sale of biosimilars among the patients and hospitals is likely to rise considerably during the forecast period. This is expected to augment the overall growth of the immunotherapy drugs market.

Immunotherapy Drugs Market Taxonomy

On the basis of product type, the global market has been segmented as

Vaccines
mAbs
Non-specific immunotherapies
Immune checkpoint inhibitors
On the basis of therapy area, the global market has been segmented as

Cancer
Autoimmune and Inflammatory Diseases
Infectious Diseases
Other Therapy Areas
On the basis of region, the global market has been segmented as

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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Major Players Are - GlaxoSmithKline, F. Hoffmann-La Roche AG, AbbVie, In., Merck & Co., Inc. Amgen, Inc., Bristol-Myers Squibb, Eli Lilly and Company, Novartis International AG, AstraZeneca plc and Johnson & Johnson.

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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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