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Immunotherapeutic Drugs Market Current Status, In-depth Analysis and Forecast Outlook 2031

11-13-2024 03:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Immunotherapeutic Drugs Market

Immunotherapeutic Drugs Market

The global immunotherapeutic drugs market is expected to grow at a significant CAGR during the forecast period (2024-2031). Immunotherapies as an additional therapy in severe COVID-19 instances, according to research investigations. Immunotherapies based on inflammatory cytokine neutralisation, immunomodulation, and passive viral neutralisation can reduce inflammation, inflammation-associated lung damage, and viral load while also avoiding ICU admission and mechanical ventilation. As several companies are actively engaged in creating immunotherapy-based medications or vaccines for COVID-19, the impact of COVID-19 on the immunotherapeutic drugs market is positive. BioNTech SE is now undertaking phase III clinical research in healthy volunteers to examine the safety, tolerability, and immunogenicity of BNT162b2 against COVID-19 in partnership with Pfizer Inc.

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The increased adoption of targeted therapy over traditional therapy, the emergence of biosimilars, the rising prevalence of chronic diseases and lifestyle disorders, and the rising need for monoclonal antibodies are all contributing to the growth of the immunotherapeutic drugs market. Furthermore, factors such as rising research collaborations, the number of research laboratories, and pharmaceutical and biotechnology companies' direct and indirect R&D spending will all contribute to the market growth in the future years. For instance, Gilead Sciences Inc. and Humanigen Inc. teamed together in 2019 to explore lenzilumab in combination with YESCARTA in patients with relapsed or refractory diffuse large B-cell lymphoma. Globally, the frequency of various chronic diseases has been steadily increasing, necessitating immune-based therapy in many cases. Cancer, kidney failure, autoimmune and inflammatory illnesses, and cardiac problems are among the most common chronic diseases. According to Versus Arthritis, nearly 18% of adults over 45 years old in England had osteoarthritis of the knee in 2019.

Full report of Immunotherapeutic Drugs Market available @ https://www.omrglobal.com/industry-reports/immunotherapeutic-drugs-market

Market Coverage

Segment Covered
Regions Covered- Globally

Competitive Landscape: F. Hoffman L-Roche AG, Novartis International AG, AbbVie Inc., and Amgen Inc., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Immunotherapeutic Drugs Market Report Segmentation

By Drug

Monoclonal Antibodies
Vaccines
Interferons Alpha and Beta
Interleukins
Other Types of Drugs

By Therapy Area

Cancer
Autoimmune and Inflammatory Diseases
Infectious Diseases
Other Therapy Areas

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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