The Insight Partners published latest research study on “Immunotherapy Drugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type, clinical indication, end user, and geography” the market is expected to grow from US$ 186.32 billion in 2021 to US$ 476.04 billion by 2028; it is expected to grow at a CAGR of 14.4% from 2022 to 2028.
Increasing demand for monoclonal antibodies has attributed to the growth of the immunotherapy drugs market. Monoclonal antibodies used in immunotherapy are produced artificially from a cell clone and therefore consist of a single type of immunoglobulin. They are targeted toward specific antigens and bind to the antigens to form a complex. Monoclonal antibodies can be used to treat diseases such as cancer, rheumatoid arthritis, multiple sclerosis, systemic lupus erythematosus, and cardiovascular diseases. According to the Food and Drug Administration (FDA), more than 450 monoclonal antibodies were approved till 2020. In February 2022, the FDA issued an emergency use authorization (EUA) for bebtelovimab a new monoclonal antibody that is effective against the omicron variant of SARS-CoV-2. The drug was effective in adult and pediatric patients with mild to moderate symptoms or in those who are at a high risk of progression to severe COVID-19.
Download Sample PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00003416/
Incyte Corporation; Pfizer Inc.; Juno Therapeutics; Novartis AG; Celldex Therapeutics; Tesaro, Inc; Amgen Inc; F. Hoffmann-La Roche Ltd; and Merck&Co. are a few of the key players profiled during the study of the immunotherapy drugs market. Several other major companies were analyzed during this study to get a holistic view of the immunotherapy drugs market and its ecosystem.
According to the National Cancer Institute, there were 1,806,590 new cancer cases in the US, and 606,520 associated deaths (mortalities) were registered in 2020. Moreover, according to the National Cancer Institute, the number of cancer survivors is expected to increase from 16.9 million in January 2019 to 22.2 million by 2030. As a result, manufacturers are inclined toward inventing novel approaches and methods that might curb the growth of cancer. Hence, cancer immunotherapy drugs, combined with radiation and chemotherapy treatments, prove to be an effective alternative to combat cancer. For instance, in January 2022, the US Food and Drug Administration (FDA) approved tebentafusp-tebn (KIMMTRAK), the bispecific fusion protein, for the treatment of HLA-A02:01-positive adult patients with unresectable uveal melanoma.
Browse key market insights spread across 150 pages with 88 list of tables & 81 list of figures from the report,” Immunotherapy Drugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Type (Vaccine Adjuvants, Dendritic Cell Activators & Growth Factors, T-Cell Stimulators & Growth Factors, Immune Checkpoint Inhibitors, Monoclonal Antibodies, Interleukins & Interferons, and Others), Clinical Indication (Cancer, Inflammatory Diseases, Autoimmune Diseases, Infectious Diseases, and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) in detail along with the table of contents: https://www.theinsightpartners.com/reports/immunotherapy-drugs-market
Based on clinical indications, the immunotherapy drugs market is segmented into cancer, inflammatory diseases, autoimmune diseases, infectious diseases, and others. The cancer segment accounted for the largest market share in 2021, and it is expected to retain its dominance during the forecast period. In February 2022, the FDA approved the FoundationOne CDx, the companion diagnostic test, to identify patients with microsatellite instability high (MSI-H) solid tumors who may be candidates for immunotherapy. Moreover, the infectious diseases segment is expected to witness the highest CAGR from 2022 to 2028.
Have a Question? Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00003416
Based on type, the immunotherapy drugs market is segmented into vaccine adjuvants, dendritic cell activators & growth factors, T-cell stimulators & growth factors, immune checkpoint inhibitors, monoclonal antibodies, interleukins & interferons, and others. The monoclonal antibodies segment accounted for the largest market share in 2021, and it is expected to dominate the market over the forecast period. Moreover, for cancer treatment, only two monoclonal immunotherapy drugs have been approved, i.e., bevacizumab (Avastin) and ramucirumab (Cyramza). These drugs block blood vessels that supply nutrients to cancerous tumors. Further, other drugs are undergoing investigation in clinical trials across various countries. Medications that are studied in clinical trials include T-cell therapy, monoclonal antibodies (including immune checkpoint inhibitors), and oncolytic virus therapies. Immunomodulator medications targeting CTLA-4 inhibitors currently being studied for the treatment of lung cancers include tremelimumab and iplimumab.
Based on end user, the immunotherapy drugs market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment accounted for the largest market share in 2021, and it is expected to continue its dominance in the market over the forecast period. A rise in spending on immunotherapies by hospitals and high demand for advanced therapies that are only provided by hospitals & clinics are expected to support the growth of the immunotherapy drugs market.
Purchase a Copy of this Report: https://www.theinsightpartners.com/buy/TIPRE00003416/
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
Press Release: https://www.theinsightpartners.com/pr/immunotherapy-drugs-market