Immunotherapy Drugs Market - Growth, Trends, and Forecast (2019-2024)

The market is segmented by Type of Drugs, Therapy Area, End User, and Geography

Market Snapshot

Immunotherapy Drugs Market_1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

13%

Key Players:

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Market Overview

The Immunotherapy Drugs Market studied is anticipated to grow with a CAGR of 13%, during the forecast period (2019-2024). The major factors attributing to the growth of the Immunotherapy drugs market are such as the rising adoption of targeted therapy over traditional therapy, emergence of biosimilars, rising prevalence of chronic diseases and lifestyle disorders and also rising demand for monoclonal antibodies.

For instance, over the last decade, there has been a continuous rise in the prevalence of several chronic diseases, which, in several cases, need immune-based therapies. Some of the major chronic diseases include cancer, kidney failure, and heart diseases, among others. Several lifestyle disorders, both chronic and non-communicable diseases, such as hypertension, diabetes, obesity, and depression, among others, need critical care during hospitalization. Chronic diseases in critically ill patients are often characterized by long hospital stays, intense suffering, and prolonged dependence, with substantial consumption of resources. Mostly, the conditions become very complex, exhibiting combined disorders related to neurological, endocrine, metabolic, immunologic, and muscle disorders, where biological therapy plays an essential role. Thus, the rise in the number of diseases and associated disorders are among the major primary reasons for the growth of this immunotherapy drugs market.

Scope of the Report

Immunotherapy relates to a type of biologic therapy for cancer treatment, to boost the body’s natural defenses to fight cancer. It may work in stopping or slowing the growth of cancer cells, stopping the cancer from spreading in other parts of the body, and in the improvement of immune system. These therapies are made by body or in a laboratory, to improve or restore the immune system function.

By Type of Drug
Monoclonal Antibodies
Vaccines
Preventive Vaccines
Therapeutic Vaccines
Checkpoint Inhibitors
Interferons Alpha and Beta
Interleukins
Other Type of Drugs
By Therapy Area
Cancer
Autoimmune and Inflammatory Diseases
Infectious Diseases
Other Therapy Areas
By End User
Hospitals/Clinics
Cancer Research Centers
Other End Users
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Cancer is Expected to Hold the Major Share in the Therapy Area Segment of Immunotherpay Market

As per a 2014 publication in the Cancer Research journal, by 2030, an estimated 2.1 million people in the United States are expected to be diagnosed with cancer, each year and similarly, the prevalence of cancer is more or less same across the globe too. And this cancer prevalence is expected to be same in the coming years, which is helping the market growth. As per the present clinicalTrials.gov status, nearly 1,400 clinical trials are being listed, out of which, more than 800 are being conducted in the United States, nearly 400 in European countries, and other prominent countries, such as China, Australia, and Canada. The growth of immunotherapies in developed markets is high, due to increased R&D, with better government policies for supporting clinical trials through findings and campaigns, in order to raise awareness regarding several kinds of cancer.

Immunotherapy Drugs Market_2

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. This is due to the increasing incidence of cancers, rising geriatric population, growing preference, and adoption rate of immunotherapy rates across the region. In the North America region, the United States holds the largest market share. And the factors, such as increased awareness among people for the early detection of diseases, better reimbursement policies, healthcare expenditure with better infrastructure and rising prevalence of chronic and lifestyle disorders are primary factors raising the immunotherapy market in this country.

Immunotherapy Drugs Market_3

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Competitive Landscape

The immunotherpay drugs market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market.  With the rising patient awareness levels and high prevalence of diseases such as cancer, few other smaller players are also expected to enter into the market in the coming years. Some of the major players of the market are AbbVie Inc., Amgen Inc., AstraZeneca, GlaxoSmithKline PLC, and F. Hoffmann-La Roche AG are among others.

Major Players

  1. AbbVie Inc.
  2. Amgen Inc.
  3. AstraZeneca.
  4. GlaxoSmithKline PLC
  5. F. Hoffmann-La Roche AG

* Complete list of players covered available in the table of contents below

Immunotherapy Drugs Market_4

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Adoption of Targeted Therapy over Traditional Therapy

      2. 4.2.2 Emergence of Biosimilars

      3. 4.2.3 Rising Prevalence of Chronic Diseases and Lifestyle Disorders

      4. 4.2.4 Rising Demand for Monoclonal Antibodies

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Immunotherapy Treatment

      2. 4.3.2 High Attrition Rate in the Product Development Cycle

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Drug

      1. 5.1.1 Monoclonal Antibodies

      2. 5.1.2 Vaccines

        1. 5.1.2.1 Preventive Vaccines

        2. 5.1.2.2 Therapeutic Vaccines

      3. 5.1.3 Checkpoint Inhibitors

      4. 5.1.4 Interferons Alpha and Beta

      5. 5.1.5 Interleukins

      6. 5.1.6 Other Type of Drugs

    2. 5.2 By Therapy Area

      1. 5.2.1 Cancer

      2. 5.2.2 Autoimmune and Inflammatory Diseases

      3. 5.2.3 Infectious Diseases

      4. 5.2.4 Other Therapy Areas

    3. 5.3 By End User

      1. 5.3.1 Hospitals/Clinics

      2. 5.3.2 Cancer Research Centers

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AbbVie Inc.

      2. 6.1.2 Amgen Inc.

      3. 6.1.3 AstraZeneca

      4. 6.1.4 Bristol-Myers Squibb

      5. 6.1.5 F. Hoffmann-La Roche AG

      6. 6.1.6 GlaxoSmithKline PLC

      7. 6.1.7 Johnson & Johnson

      8. 6.1.8 Merck & Co. Inc.

      9. 6.1.9 Novartis AG

      10. 6.1.10 UbiVac

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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