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Europe Immunotherapy Drugs Market to reach USD 24.9 billion by 2021, at a (CAGR) 10.6%
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The usage of immunotherapy drugs is on the rise with the increases cases of cancer and autoimmune diseases. And also, owing to its lesser side effects, the market is likely to propel in the forecast period.
Immunotherapy is a way of treating cancer by enhancing the innate power of the immune system. The treatment involves using the individual’s own immune system to fight cancer cells. It either stimulates the function of each particular component of the immune system or act against the signals caused by the cancer cells suppressing the responses by the immune system. These properties of the immunotherapy drugs to be able to aid the immune system fight against the abnormal cells makes them being successfully used against the diseases like infection, cancer, autoimmune and respiratory disorders.
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Rising incidences of cancer and other autoimmune diseases has led to innovations in the development of drugs with the help of technological advancements. The others factors responsible for the growth of the market includes emergence of biosimilars, higher efficacy than the common drugs with lower side effects and reduction in the overall time of developing and testing of new drugs. However, the market is restrained by the higher cost related to the treatment and lower accessibility.
Europe Immunotherapy Market is classified based on the drug type and its application. By type of drug, the market is segmented as interferons, monoclonal antibodies, vaccines, interleukins and checkpoint inhibitors. Based on application of the drug, the market is classified as blood cancer, Glioblastoma, Gastric Cancer, Lung Cancer, Breast Cancer, Prostate Cancer, Cervical Cancer and Melanoma. By geography, the market in Europe is categorised as United Kingdom, Germany, France, Italy and Spain.
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Market Segmentation
By Drug Type
• Monoclonal Antibodies
• Interferons
• Interleukins
• Vaccines
• Checkpoint Inhibitors
By Application
• Blood Cancer
• Cervical Cancer
• Breast Cancer
• Glioblastoma
• Lung Cancer
• Gastric Cancer
• Prostate Cancer
• Melanoma
Scope of the report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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