Global Immuno-Oncology Drugs Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
5 Nov, 2020
The global immuno-oncology drugs market is expected to decline from $59.64 billion in 2019 to $57.34 billion in 2020 at a compound annual growth rate (CAGR) of -3.86%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $80.11 billion in 2023 at a CAGR of 11.79%
The immuno-oncology drugs market consists of sales of immuno-oncology drugs used for the treatment of cancer and related services by entities (organizations, sole traders and partnerships) that produce immuno-oncology drugs for cancer treatment. Immuno-oncology is the artificial stimulation of the immune system to treat cancer, improving the immune system`s ability to fight the disease. The market consists of revenue generated by the companies manufacturing immuno-oncology drugs by the sales of these products.
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The global immuno-oncology drugs market is further segmented based on type and geography.
By Type: Monoclonal Antibodies, Immune Checkpoint Inhibitors, Immune System Modulators, Cancer Vaccines, Others.
By Therapeutic Application: Melanoma, Lung Cancer, Blood Cancer, Renal Cell Carcinoma, Prostate Cancer, Bladder Cancer, Others.
By End-user: Hospitals, Clinics, Ambulatory Surgical Centers, Cancer Research Institutes.
By Geography: The global immuno-oncology drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America immuno-oncology drugs market accounts for the largest share in the global immuno-oncology drugs market.
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Trends In The Immuno-Oncology Drugs Market
Companies in the immuno-oncology drugs market are increasing their product innovation through strategic collaborations. To sustain in the increasingly competitive immuno-oncology drugs market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated with each other as well as with academic and research institutions in this market by way of partnerships, and in- or out-licensing deals, this trend has been increasing over the recent years.
Immuno-Oncology Drugs Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides immuno-oncology drugs market overviews, analyzes and forecasts market size and growth for the global immuno-oncology drugs market, immuno-oncology drugs market share, immuno-oncology drugs market players, immuno-oncology drugs market segments and geographies, immuno-oncology drugs market’s leading competitors’ revenues, profiles and market shares. The immuno-oncology drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.