The Immuno-Oncology Market to see digitized data collection at a CAGR of 14%

Cancer is considered to be the second-most leading cause of death globally after cardiovascular disease. The percentage of deaths due to cancer has increased from 12% in 1990 to 15% in 2018 around the world. As per the report of World Health Organization (WHO) published in 2018, 8.3 millions of deaths are caused by cancer each year, approximately 70% of new cancer cases are expected to be reported over next 20 years.

More than 60 percent of the world's new cancer cases occur in Africa, Asia, and Central and South America & 70 percent of the world's cancer deaths also occur in these regions. Each type of cancer requires unique immuno-oncology treatments.

The immuno-oncology market is a rapidly growing market that focuses on the use of the immune system to treat cancer. This approach to cancer treatment has shown promising results and has the potential to revolutionize the way cancer is treated.

You can request sample here @ https://www.persistencemarketresearch.com/samples/11329

Increasing Clinical Developments to Drive the Demand for Immuno-Oncology Therapy

Currently, the number of ongoing studies in clinical development in immuno-oncology therapy is almost evenly split between early and late phases. However, the number of early phase studies on immuno-oncology is increasing rapidly. Significant focus on identifying newer pathways for immune regulation in tumors are resulting in the development of NMEs (new molecular entities), that are making their way into the clinics.

High attrition rates during clinical development means fewer candidates are entering later stages of development. Companies are also seeking regulatory approvals for combination therapies with existing immuno-oncology drugs as well as for multiple indications, which results in a huge number of programs in the early stages of development. This is leading to the overall growth of the immuno-oncology market globally.

Get Methodology Report here @ https://www.persistencemarketresearch.com/methodology/11329

Partnerships and Collaborations to Boost Technical Expertise

Companies are pursing licensing deals, partnerships, and collaborations to boost technical expertise and beef up their product portfolios. In order to stay in the competition, players of the immuno-oncology market are trying to identify and collaborate with smaller firms operating in the immuno-oncology market to expand their business globally. This strategy of market players is anticipated to fuel the growth of the immuno-oncology market over the forecast period.

Combination Therapies over Monotherapy to Spur Growth of the Immuno-Oncology Market

Combination strategies by using immunotherapy with radio, targeted antibody, chemo, cryotherapy or with other immuno-oncology therapies are likely to expand the potential indications for various drugs. These combination therapies are supposed to improve survival rates of the patient considerably, as have been evident from limited clinical data in comparison with monotherapy. Various companies have identified that multiple pathways are affected in tumor regulation, hence seek to use combination therapy as a more effective method. These combination therapies are expected to contribute to the growth of the immuno-oncology market.

Immune Resistance Mechanisms Limiting Market Growth

It is desired to maintain the prolonged effects of the immuno-oncology therapies as there are high possibilities of developing immune resistance, which can degrade the duration of drug efficacy. Additionally, it is hardly feasible to develop a one-size-fits-all therapy that works equally well in all types of patient populations. Considering, different pathways are affected in different patients leading to limited efficacy for certain patients whose immune systems are regulated differently. This, according to PMR's analysis, is hampering the growth of the immuno-oncology market growth.

Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/11329

Related Reports:

Telemedicine Market
https://www.persistencemarketresearch.com/market-research/telemedicine-market.asp

Robotic Surgery Market
https://www.persistencemarketresearch.com/market-research/robotic-surgery-market.asp

Veterinary Teleradiology Market
https://www.persistencemarketresearch.com/market-research/veterinary-teleradiology-market.asp

Dental Radiology Equipment Market
https://www.persistencemarketresearch.com/market-research/dental-radiology-equipment-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About Us:

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.