Immunotherapy drugs are used to treat cancer, infection, respiratory and autoimmune disorders. Immunotherapies either stimulate the activities done by specific components of the immune system or counteract the signals that are produced by the cancer cells and suppress the immune responses.
The Immunotherapy Drugs Market accounted to USD 107 billion in 2016 growing at a CAGR of 13.2% during the forecast period of 2017 to 2024.
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Major Market Drivers and Restraints:
- Increase in the prevalence of cancer and a number of autoimmune diseases
- Rising need for mAbs
- Increasing demand of biological and targeted drug therapies
- Technological developments
- High cost of drug development
Market Segmentation: Immunotherapy Drugs Market
By Type of Drugsthe market for Immunotherapy drugs is segmented into Adult Vaccines, Checkpoint Inhibitors, and Interferons Alpha.
By Therapyarea the Immunotherapy drugs market is segmented into Cancer, Autoimmune Diseases, and Infectious Diseases.
On the basis of end-users the Immunotherapy drugs market is segmented into hospitals.
On the basis of geography, Immunotherapy drugs market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Competitive Analysis: Immunotherapy Drugs Market
The Immunotherapy drugs market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of Immunotherapy drugs market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Immunotherapy Drugs Market
Some of the major players operating in Immunotherapy drugs market are Amgen Inc., Johnson & Johnson, Abbvie, Glaxo Smith Kline,Amgen Inc., Eli lilly& Co.,Astrazeneca, Roche diagnostics, Novartis AG,Bristol-Myers Squibb, Pfizer, ELI Lilly and Company, Merck & Co., Sanofi, and Celgene Corporation. Roche, Novartis and Celgene among others
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