Latest Drugs For Immunotherapy Market Growth Study 2022-2026 By The Business Research Company
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The drugs for immunotherapy market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!
Read More On The Drugs For Immunotherapy Market Report 2022 – https://www.thebusinessresearchcompany.com/report/drugs-for-immunotherapy-global-market-report
The Drugs For Immunotherapy Market Size In 2022 And Forecast
The global drugs for immunotherapy market is expected to grow from $186.39 billion in 2021 to $208.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The drugs for immunotherapy market is expected to reach $310.48 billion in 2026 at a CAGR of 10.5%.
The drugs for immunotherapy market consist of sales of immunotherapy drugs.
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Rise In The Incidences Of Cancer Globally Is Driving The Growth Of The Drugs For Immunotherapy Market
According to the American Cancer Society, in 2019, around 606,880 deaths were caused in USA due to prevalence of the cancer. The Cancer Research UK predicts that there will be 27.5 million new cases of cancer each year by 2040. The rising incidences of cancer are expected to increase the demand for immunotherapy drugs driving market growth.
Competitive Landscape And The Regional Analysis Of The Drugs For Immunotherapy Market
Major players in the drugs for immunotherapy market are F. Hoffmann-La Roche Ltd, Novartis AG, Amgen, Inc., AbbVie, Inc., and Merck & Co. Inc., GlaxoSmithKline, Eli Lilly and Company, Bristol-Myers Squibb, AstraZeneca plc, Johnson & Johnson and UbiVac.
Additionally, as per TBRC’s research – North America was the largest region in the drugs for immunotherapy market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.
The Drugs For Immunotherapy Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the drugs for immunotherapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the drugs for immunotherapy market.
Strategic Collaborations – A Key Trend In The Drugs For Immunotherapy Market
Manufacturers of immunotherapy drugs are increasingly collaborating or partnering with other companies to share technology, resources, and product knowledge and expand the business.
Drugs For Immunotherapy Market Segmentation By The Business Research Company
1) By Type: Monoclonal Antibodies, Interferons, Interleukins, Vaccines, Checkpoint Inhibitors, Others
2) By Therapy Area: Cancer, Autoimmune and Inflammatory Diseases, Infectious Diseases, Others
3) By End-User: Hospitals and Clinics, Ambulatory Surgical Centers, Others
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