Market Highlights

Market Research Future (MRFR) forecasts the immunotherapy pharmaceuticals market size to reach USD 512.1 billion by 2032, growing at a 10.4% CAGR between 2023 and 2032. By 2032, the immunotherapy drug market value can touch considerable amount.

The increase in cases of melanoma cancer and the growing awareness about in-efficiency of radiotherapy and chemotherapy in its management is responsible for the extensive research and development undertaking for immunotherapy. The increase in success rate of immunotherapy for cancer treatment can prompt the market rise in the near future. The upsurge in number of malignant patients, escalation in healthcare expenditure, considerable funding for research and development projects by both private and government organization are other major factors that can impact the Immunotherapy drug market. Top-notch immunotherapy drugs manufacturers are working on the introduction of better treatment and effective Immunotherapy products. This can add to the momentum of the immunotherapy market. On the contrary, long time for approval of new immunotherapy solutions and increasing occurrence of different adverse effects of this therapy can restrain the market expansion in the near future.

Market Segmentation

The segment study of the global immunotherapy drugs market is based on end user, therapy area, and type of drugs.

The therapy area-based segments of the Immunotherapy drugs market are cancer, infectious diseases, and autoimmune & inflammatory diseases among others. The autoimmune and inflammatory disease segment is expected to favor the market as a surge in cases of autoimmune disorders is observed. The expansion of patient pool afflicted with infectious diseases, especially in the pandemic, is likely to impact the immunotherapy drug market in the approaching years. The cancer segment is likely to garner considerable profit due to the high rate of adoption of Immunotherapy for a large group of cancer patients.

The type of drugs-based segments of the immunotherapy drugs market are Checkpoint Inhibitors, Monoclonal Antibodies, Interferons Alpha & Beta, Adult Vaccines, and Interleukins among Others. The interferons alpha and beta segment is expected to garner high revenue for the market in the foreseeable future due to the rising awareness about the high effectiveness of treatment. The monoclonal antibody segment is expected to surge at high growth rate owing to the increase in its adoption by several players.

The end user-based segments of the immunotherapy drugs market trends are ambulatory surgical centers, and hospitals & clinics among others. The hospitals and clinics segment is likely to acquire considerable share of the market

Regional Analysis

Asia Pacific immunotherapy drugs market studied through the expansion dynamic of Japan, Australia, China, Republic of Korea, India, and Rest of Asia Pacific. The expansion of patient pool afflicted with cancer and the growing demand for immunotherapy drugs are factors that are expected to bolster the market rise in the near future. Ailments induced by changes in lifestyle can contribute significantly to the surge in patient population. Increase in support from governments in APAC for research and development can fuel the immunotherapy market expansion, especially in India. In China, the immunotherapy drugs market can hold the second largest market share, following Japan. Increasing support form government and rapid rise in the economy can prompt the regional market. In Europe, increase in healthcare spending and availability of skilled healthcare professionals can underpin the regional market upsurge. In North America, the growing acceptance of immunotherapy therapies and increasing demand for effective cancer treatment can prompt the regional market rise.

Key players

F. Hoffmann-La Roche AG (Switzerland), AbbVie, Inc. (U.S.), GlaxoSmithKline (U.K.), Amgen, Inc. (U.S.), Bristol-Myers Squibb (U.S.), Merck & Co., Inc. (U.S.). Novartis International AG (Switzerland), Johnson & Johnson (U.S.), Eli Lilly and Company (U.S.), and AstraZeneca plc (U.K.) are some reputed companies in the global Immunotherapy drugs market that are listed by MRFR.

Most common cancers, such as; lung cancer, colorectal cancer, liver cancer, breast cancer, and stomach cancer are observed to surge. The gradual increase in death rate due to melanoma is identified compared to other type of cancer. The decline in survival rate in cancer patients due to inefficacy of radiotherapy and chemotherapy is encouraging healthcare leaders and startups to deliver players to take robust steps to introduce effective treatment. The robust growth dynamics of these reputed companies is anticipated to fuel the immunotherapy market growth. Moreover, innovations launched new entrants in the market can aid them in gaining global foothold.

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