Increasing demand for advanced diagnostic procedures for cancer diagnosis, and rise in use of monoclonal antibodies are some key factors driving market revenue growth.
The Global Immunocytokines Market size is expected to reach USD 4,078.5 Million in 2028, and register a revenue CAGR of 4.3% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth can be attributed to rising cancer cases across the world and increasing geriatric population.
Furthermore, new technological advancements in genetic sequencing techniques are playing an important role in growth of the global immunocytokines market.
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Top players profiled in the report include
Alkermes Plc, AstraZeneca Plc, CytImmune Sciences, Cytune Pharma, Altor Bioscience Corporation, Apeiron Biologics AG, Paladin Labs, Teva Pharmaceutical Industries Ltd., Valor Biotherapeutics, and Targa Therapeutics Corporation.
Side effects associated with chemotherapy treatment has led to extensive research & development in monoclonal antibodies. Moreover, major market players are undertaking mergers and acquisitions, in order to combine their data and develop new drugs and diagnostic techniques for tumor detection, which is expected to have a major impact on the global market.
Key Highlights of the Report
- In January 2021, AstraZeneca’s Calquence was approved in Japan. Calquence is a next-generation BTK inhibitor used for the treatment of relapsed or refractory chronic lymphocytic leukemia.
- In December 2020, resubmission by Alkermes for the drug ALKS 3831 was accepted by the FDA. ALKS 3831 is a drug candidate for treatment of adults with schizophrenia and bipolar 1 disorder.
- North America accounted for largest revenue share in the global market in 2020, and is expected to register a significantly faster revenue growth rate during the forecast period. This can be attributed to huge investments for research & development in tumor detection techniques in the region. Moreover, presence of major market players in the region is also driving revenue growth of the North America market.
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Emergen Research has segmented the global immunocytokines market based on disease indication, targeting site, and region:
Disease Indication Outlook (Revenue, USD Million; 2018–2028)
- Tumor and Cancer
- Rheumatoid Arthritis
Targeting Site Outlook (Revenue, USD Million; 2018–2028)
- Fat Muscle
- B and T Lymphocytes
- Bone Marrow Endothelium
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The global Immunocytokines market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Offerings of the Report:
- Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
- Analysis of the key strategic initiatives and competitive landscape including mergers & acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
- Comprehensive analysis of the industry outlook and analysis of the industrial chain
- Market forecast based on global, regional, and country-level market analysis
- Competitive landscape benchmarking
- In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business
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