Global Immunotherapy Drugs Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Immunotherapy Drugs Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global immunotherapy drugs market report has been segmented on the basis of drug type, therapeutic application, end-user, and region.
Global Immunotherapy Drugs Market: Overview
Immune system is made up of white blood cells, organs, and tissues of lymph system. Its major role in the body is to fight off disease and stay healthy. Immunotherapy is a type of cancer treatment that aids the immune system in order to fight cancer. The immune system helps your body fight infections and other diseases. It is made up of white blood cells and organs and tissues of the lymph system. Several types of immunotherapy are used to treat cancer. These treatments can either help the immune system attack cancer directly or stimulate immune system in a more general way.
Global Immunotherapy Drugs Market: Dynamics
Rising adoption of immunotherapy drugs from individuals suffering from chronical diseases such as solid tumors is a major factor expected to drive growth of the global market. In addition, increasing government expenditure on development of healthcare infrastructure in order to facilitate healthcare services, coupled with increasing investment by government and private players for development of novel product offerings is another factor expected to further support growth of the global market to certain extent.
Moreover, rising number of cases for autoimmune and inflammatory diseases in hospitals, coupled with increasing adoption of advanced medication for treatment of various diseases by hospitals and clinics are among other factors expected to support growth of the global market to certain extent. In addition, growing public-private partnership for R&D activates and innovative product offerings is another factor expected to further support growth of the global market.
However, high cost of immunotherapy treatment is a major factor expected to hamper growth of the global market over the forecast period. In addition, side-effects of immunotherapy on body is another factor expected to limit growth of the global market to certain extent.
Global Immunotherapy Drugs Market: Segment Analysis
Among therapeutic application segments, the cancer segment is expected to register significant growth in terms of revenue over the forecast period.
Among end-user segments, the hospital segment is expected to register significant growth in terms of revenue over the forecast period.
Global Immunotherapy Drugs Market: Region Analysis
The market in North America is expected to dominate in the global market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to well-developed healthcare infrastructure, favorable reimbursement policies, and presence of major players operating in the countries in this region. In addition, rising merger and acquisition activities for R&D activates is expected to further support growth of the global market in this region over the forecast period.
The market in Asia Pacific is expected to witness faster growth, owing to increasing government expenditure on pharmaceutical sector, rising adoption immunotherapy drugs by number of hospitals, and presence of prominent players operating in the emerging economies in this region.
The market in Latin America is anticipated to witness moderate growth, this growth can be attributed to increasing presence of major pharmaceutical manufacturers in the countries in this region.
Global Immunotherapy Drugs Market Segmentation
Segmentation by drug type:
- Monoclonal Antibodies
- Adult Vaccines
- Preventive Vaccines
- Therapeutic Vaccines
- Checkpoint Inhibitors
- Interferons Alpha and Beta
Segmentation by therapeutic application:
- Solid Tumor
- Autoimmune and Inflammatory Diseases
- Infectious Diseases
Segmentation by end-user:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Hoffmann-La Roche AG
- Amgen, Inc.
- Novartis International AG
- AbbVie, Inc.
- Merck & Co., Inc.
- GlaxoSmithKline plc
- Eli Lilly and Company
- Bristol-Myers Squibb Company
- AstraZeneca plc
- Johnson & Johnson
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