UK Markets closed

$326.36 Billion Immunotherapy Drugs Market - Global Outlook & Forecast 2021-2026 - ResearchAndMarkets.com

·5-min read

DUBLIN, October 27, 2021--(BUSINESS WIRE)--The "Immunotherapy Drugs Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global immunotherapy drugs market was valued at USD 169.47 billion in 2020 and is expected to reach USD 326.36 billion by 2026, growing at a CAGR of 11.54%.

The major factor responsible for growth in the immunotherapy drugs industry is an increase in demand for outsourcing the manufacturing of immunotherapy drugs by several biopharmaceuticals and biotechnological companies and resistance against conventional treatments. Major key players and other prominent vendors engaged in the immunotherapy drugs domain are constantly focusing on product launches, product approvals, R&D activities, and expanding their organic growth.

GLOBAL IMMUNOTHERAPY MARKET SEGMENTS

The monoclonal antibody segment accounted for the high share of 72.6% of the global immunotherapy drugs market in 2020. Significant advances in the field, notably, and the unprecedented results obtained using monoclonal antibodies that attach themselves to lymphocytes. This restores their functioning toward tumor cell and thus create a defense for the body against cancer.

The autoimmune diseases segment accounted for the highest market share in 2020. It is expected to post an incremental growth of USD 23.95 billion with 33% absolute growth during the forecast period. The segment's growth is attributed to the increase in the prevalence of immune-mediated inflammatory diseases (IMIDs), including autoimmune and auto-inflammatory diseases.

In 2020, the cancer segment accounted for the highest market share of 45.33%. Immunotherapies in oncology have been widely popularized by developing curative therapies, such as CAR T-cell. However, developing personalized therapies such as CAR T-cell to treat various types of cancers may pose significant challenges, such as educating medical personnel regarding the procedures and creating a convenient process for engineering T-cells of the patients and infusing them.

GEOGRAPHICAL ANALYSIS

North America: North America has the highest share among all the regions and is likely to witness an absolute growth of around 105% during the forecast period. The rise in the immunotherapy drugs industry is primarily attributable to the increasing incidence rates of various types of cancers such as non-Hodgkin lymphoma, Hodgkin lymphoma, melanoma of the skin, and leukemia, etc.

Europe: Europeans represent about one-tenth of the global population, yet one in four of all cancer diagnoses occur in this region. This region is likely to witness an absolute growth of around 84% during the forecast period.

APAC: APAC is witnessing growing demand mainly due to a large and growing population. In APAC, various opportunities associated with the growth of the cancer immunotherapy drugs market are increasing, and government initiatives will further improve the healthcare sector.

VENDOR ANALYSIS

The major vendors such as F. Hoffmann-La Roche, Bristol Myers Squibb Company, Merck & Co., Inc., GlaxoSmithKline, Novartis, AstraZeneca, and Janssen Pharmaceuticals Inc.

Bristol Myers Squibb (BMS) is a biopharmaceutical company that is helping - outpatients in succeeding aliments by delivering innovative products. It has owned innovative drugs such as OPDIVO Immunotherapy Drugs for a wider range of diseases.

Market competitiveness is expected to increase during the forecast period as the vendors constantly focus on expanding their product portfolios.

KEY HIGHLIGHTS

  • The emergence of various diseases in developing countries is propelling the usage of monoclonal antibodies, demanding the introduction of newer immunotherapies and creating opportunities for the market.

  • Cancer immunotherapy drugs revolutionized in cancer therapies that have begun to shift curve of cancer patients by increasing their lifespan.

  • The increasing immunotherapy drugs pipeline coupled with the emergence of the pandemic has scaled up the production of medicines.

  • By product, the adoptive cell therapy segment is expected to witness absolute growth of 1280% during the forecast period.

  • The recent trend of mergers and acquisitions is boosting the growth of the immunotherapy drugs industry. For instance, Bristol-Myers Squibb's one of most recent and high-value transactions was the acquisition of Celgene in January 2018.

Key Vendors

  • F. Hoffmann-La Roche

  • Bristol Myers Squibb Company

  • Merck & Co., Inc.

  • GlaxoSmithKline

  • Novartis

  • AstraZeneca

  • Janssen Pharmaceuticals, Inc.

Other Prominent Vendors

  • AbbVie

  • Alexion Pharmaceuticals

  • Amgen

  • Bayer

  • Dendreon

  • Dynavax

  • Eli Lilly and Company

  • Elusys Therapeutics, Inc

  • Gilead Sciences, Inc

  • NBE Therapeutics

  • Pfizer, Inc

  • Sanofi

  • Seagen Inc.

  • Teva pharmaceuticals

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Opportunities & Trends

8.1 Launch of Next-Generation Immunotherapies

8.2 COVID-19 as Growth Catalyst

8.3 Investment in R&D Activities

8.4 Mergers & Acquisitions

9 Market Growth Enablers

9.1 Prevalence of Cancer & Autoimmune Diseases

9.2 Approval of Novel Immunotherapy Drugs

9.3 Surge in Adoption of Car T-Cell Therapies

10 Market Restraints

10.1 Expensive Nature of Immunotherapy

10.2 Personalized Approach Through Biomarkers

10.3 Time-Consuming Production Cycle

11 Market Landscape

11.1 Market Overview

11.2 Market Size & Forecast

11.3 Impact of COVID-19 on Immunotherapy Drugs

11.4 Porter's Five Forces Analysis

12 Product

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Monoclonal Antibody

12.4 Immune System Modulators

12.5 Car T-Cell Therapy

13 Application

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Cancer

13.4 Autoimmune & Inflammatory Diseases

For more information about this report visit https://www.researchandmarkets.com/r/jihiag

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005927/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting