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Immunotherapy Drugs Market Trends

  • Report ID: GMI9713
  • Published Date: May 2024
  • Report Format: PDF

Immunotherapy Drugs Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous innovations in biologics and cell-based therapies, increased focus on personalized medicine, expansion of indications and combination therapies, and growing demand for integrated artificial intelligence in healthcare, among other factors are propelling the industry growth.
 

  • Combination therapies involving multiple immunotherapy agents or immunotherapy with other modalities are being actively investigated in clinical trials and clinical practice. These combination approaches aim to enhance treatment efficacy, overcome resistance mechanisms, and improve patient outcomes by leveraging complementary mechanisms of action.
     
  • Moreover, continuous advancements in biologics and cell-based therapies have propelled innovation in the market. Monoclonal antibodies, immune checkpoint inhibitors, CAR-T cell therapy, and other cell-based immunotherapies have emerged as transformative treatment modalities, offering new avenues for personalized medicine and targeted therapy, thereby aforementioned factors are expected to drive the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The immunotherapy drugs market was valued at USD 182.5 billion in 2023 and is expected to exhibit growth at 10.4% CAGR from 2024 – 2032, driven by ongoing advancements in biotechnology and increasing incidence and prevalence of cancer.

The monoclonal antibodies segment of the market generated USD 96.6 billion in 2023 and will grow rapidly through 2032, as they offer potent and durable therapeutic effects, often achieving higher efficacy rates.

North America immunotherapy drugs market size was USD 70.3 billion in 2023 and is anticipated to grow at 10.2% CAGR between 2024 – 2032, owing to substantial burden of chronic diseases, such as cancer, autoimmune disorders, and infectious diseases.

AbbVie Inc, Amgen Inc, AstraZeneca, Bayer AG, Boehringer Ingelheim, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, and Genmab A/S, GSK plc among others.

Immunotherapy Drugs Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 149
  • Countries covered: 23
  • Pages: 120
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