The global immunotherapy drugs market is expected to exhibit a strong 8.9% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global immunotherapy drugs market size is expected to be driven by the growing prevalence of cancer, which has driven the demand for effective treatments against the condition. The growing prevalence of cancer is thus likely to be the major driver for the global immunotherapy drugs market.
The report contains a detailed overview of the global immunotherapy drugs market, including a detailed look at the major drivers and restraints affecting the global immunotherapy drugs market, an overview of the market’s historical growth trajectory, and an analysis of the market’s leading players. The leading factors affecting the global immunotherapy drugs market size are studied in detail in the report, giving readers a clear picture of what is driving the market and what is holding it back. The major segments of the market are also assessed in the report to give readers a clear picture of the granular structure of the immunotherapy drugs market. The leading players operating in the global immunotherapy drugs market are also studied in detail in the report.
Immunotherapy drugs are drugs used to modulate the body’s own immune system; immunotherapies designed to elicit a stronger response from the immune system are known as activation immunotherapies, while immunotherapy procedures intended to reduce or suppress the action of the immune system are known as suppression immunotherapies. Immunotherapy has become a promising area of interest for cancer therapies, as immunotherapies have the promise of effective therapies without causing any major side effects. When radiation therapies don’t show any effects, immunotherapy is used in cancer treatment in order to make the body’s own immune system capable of fighting the cancer on its own.
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Competitive Leaderboard:
Leading players in the global immunotherapy drugs market size include F. Hoffman-La Roche AG, GSK, AbbVie Inc., Amgen Inc., Merck & Co. Inc., Bristol-Myers Squibb, Novartis International AG, Eli Lilly and Company, Johnson & Johnson, and AstraZeneca plc.
Segmentation:
The global immunotherapy drugs market size is segmented on the basis of therapy area, type of drug, end user, and region.
By therapy area, the global immunotherapy drugs market is segmented into cancer, autoimmune and inflammatory diseases, infectious diseases, and others. The cancer segment holds a dominant share in the global immunotherapy drugs market size and is likely to remain dominant over the forecast period. The growing application of immunotherapy in cancer treatment is the major driver for the cancer segment of the market. The autoimmune and inflammatory diseases segment is also a major segment of the global immunotherapy drugs market, as immune suppression is a key method of curing autoimmune diseases.
By type of drug, the global immunotherapy drugs market size is segmented into monoclonal antibodies, adult vaccines, checkpoint inhibitors, interferons alpha and beta, interleukins, and others.
By end use, the global immunotherapy drugs market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment is expected to be the major end user of immunotherapy drugs over the forecast period.
Regional Analysis:
By region, the global immunotherapy drugs market size is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas segment holds the largest share in the global immunotherapy drugs market, followed by Europe. The growing prevalence of cancer in the Americas and the growing awareness about the risk-free nature of immunotherapy drugs in North America is likely to remain the major driver for the immunotherapy drugs market in the Americas over the forecast period. The rising prevalence of autoimmune disorders in North America and the growing awareness about the same is also a major driver for the immunotherapy drugs market in the Americas.
The Americas and Europe are the major regional markets for immunotherapy drugs due to the strong presence of research and development efforts in these two regions.
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