North America Immunotherapy Drugs Market is accounted for USD 35.37 billion in 2016 and is estimated to reach USD 57.54 billion by 2021 with a cumulative annual growth rate (CAGR) of 10.1%
With the rising incidences of cancer cases and autoimmune diseases, there has been an increasing demand of immunotherapy drugs and is likely to have a positive outlook for its market in the forecast period.
Immunotherapy is a type of treatment for cancer which enhances the immune system to fight against cancer. Immunotherapies either stimulates the activity done by a particular component of the immune system or counteract the immune system produced by the cancer cells suppressing the immune responses.
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With the evolution of innovation and technology, increasing prevalence of cancer and auto immune diseases, immunotherapy drugs are expected to gain significance in the future. Some other driving factors for the immunotherapy drugs includes rising incidences of diseases, higher efficiency than the common drugs, acceleration in the development and review of new drugs. However, the market is dampened by the high costs involving immunotherapy drugs and limited access to the lower and middle-income groups.
North American market for Immunotherapy Drugs is categorised on the basis of type of drugs and application. On the basis of type of drugs, the market is classified into monoclonal antibodies, interleukins, interferons, checkpoint inhibitors and vaccines. Based on application, the market is divided as Blood Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, Cervical Cancer, Glioblastoma and Melanoma. Based on geography, the market is segmented into USA and Canada.
North America is currently the leading market with majority of the share and is likely to sustain in the review period. This is the attributed the higher incidences of cancer and infectious diseases coupled with high affordability and well-structured reimbursement plans. On the basis of geography, North American market is categorised as United States and Canada.
By Drug Type
- Monoclonal Antibodies
- Checkpoint Inhibitors
- Blood Cancer
- Cervical Cancer
- Breast Cancer
- Lung Cancer
- Gastric Cancer
- Prostate Cancer
Scope of the report:
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