The global drugs for immunotherapy market size is expected to grow from $186.39 billion in 2021 to $208.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The immunotherapy drugs market is expected to reach $310.48 billion in 2026 at a CAGR of 10.5%.
What is the Global Drugs for Immunotherapy Market?
The drugs for immunotherapy market consist of sales of immunotherapy drugs. Immunotherapy drugs help the immune system to fight cancer by stimulating the immune system of the body and generate an immune response aiding the production of antibodies.
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What drives the Global Drugs for Immunotherapy Market?
The immunotherapy drugs market is being driven by rising incidences of cancer globally. The major causes for most cancers include obesity, smoking, alcohol, improper eating habits. According to the American Cancer Society, in 2019, around 606,880 deaths were caused in USA due to prevalence of the cancer. The Cancer Research UK predicts that there will be 27.5 million new cases of cancer each year by 2040. The rising incidences of cancer are expected to increase the demand for immunotherapy drugs driving market growth.
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Global Drugs for Immunotherapy Market Segments
The global drugs for immunotherapy market is segmented:
By Type: Monoclonal Antibodies, Interferons, Interleukins, Vaccines, Checkpoint Inhibitors, Others
By Therapy Area: Cancer, Autoimmune and Inflammatory Diseases, Infectious Diseases, Others
By End-User: Hospitals and Clinics, Ambulatory Surgical Centers, Others
By Geography: The regions covered in the drugs for immunotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Drugs for Immunotherapy Global Market Report 2022provides market size and growth forecasts for the global drugs for immunotherapy market, global drugs for immunotherapy market share, drugs for immunotherapy market segments and geographies, drugs for immunotherapy market competitive landscape including leading competitors’ revenues, profiles and market shares. The drugs for immunotherapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Drugs for Immunotherapy Industry Playersinclude F. Hoffmann-La Roche Ltd, Novartis AG, Amgen, Inc., AbbVie, Inc., and Merck & Co. Inc., GlaxoSmithKline, Eli Lilly and Company, Bristol-Myers Squibb, AstraZeneca plc, Johnson & Johnson and UbiVac. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
