The Immunotherapy Drugs Market was valued at USD 158.4 billion in 2019 and is expected to grow with a CAGR of 13.2% during the forecast period 2021- 2029.

Immunotherapy Drugs Market 2021

Immunotherapy is a type of biological therapy used to fight against cancer and infectious diseases. It works by stopping or slowing the growth of cancer cells, stopping cancer from spreading in other parts of the body, and improving the immune system. Rising cases of chronic diseases, increasing adoption of targeted therapy over traditional therapy, and growing demand for monoclonal antibodies contribute to the market growth.

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The Major Manufacturers Covered in this Report:
Pfizer
Novartis AG
Merck & Co.
Hoffmann-La Roche AG
Teva Pharmaceuticals
GlaxoSmithKline PLC
Sanofi
Johnson & Johnson
Abbvie
AstraZeneca and more...

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2029

Market Segmentation:

By Type

Monoclonal Antibodies
Adult Vaccines
Checkpoint Inhibitors
Interferon Alpha and Beta
Interleukins

By Therapeutic Area

Cancer
Autoimmune and Inflammatory Diseases
Infectious Diseases

By End-User

Hospital
Clinic

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Regional Overview

North America dominates the immunotherapy drugs market. As per the National Cancer Institute, as of January 2019, there were an estimated 16.9 million cancer survivors in the U.S.It further stated that by 2030, the number of cancer survivors is expected to reach 22.2 million. The rise in adoption of advanced cancer treatment, along with the growing cancer prevalence has surged the demand for advanced solutions.

In addition to this, the growing government funding and support to boost R&D, technological advancement in next-generation sequencing and personalized medicine, and the presence of a robust healthcare research framework positively influence the regional market growth. 

 Asia-Pacific is expected to show the highest growth in the immunotherapy drugs market on account of the introduction of advanced immunotherapy drugs in China and Japan. These countries have numerous ongoing clinical trials and FDA approvals for new drug molecules and combination therapies. These approvals of new drugs in China and Japan are contributing to the adoption of immunotherapy for cancer treatment. Moreover, lack of regulatory framework, several cultural inhibitions, and growing investments from the key market players, such as AstraZeneca, Merck & Co., Inc., and Pfizer, Inc., accelerates the regional market growth.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Immunotherapy Drugs Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Immunotherapy Drugs Market sub-markets, depending on key regions (various vital states).
To analyze the Global Immunotherapy Drugs Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Immunotherapy Drugs Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Immunotherapy Drugs Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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