Industry Background:
According to the International Agency for Research on Cancer around 18.1 million new cancer cases and 9.6 million cancer deaths. Immuno-oncology refers to the use of the body's natural defenses to treat cancer and works by stimulating the immune system instead of fighting the tumors, avoiding disturbance in the functionality of healthy cells. It helps the immune system to recognize and target cancer cells. Further, ongoing clinical trials for the development of innovative products for cancer treatment is driving the Global Immuno-Oncology market.
According to AMA Research, the market for Immuno-oncology Drugs is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Introduction of Novel Oncology Therapies with Lesser Side Effects
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amgen, Inc (United States), AstraZeneca, Plc (United Kingdom), Bristol-Myers Squibb (United States), Celgene Corporation (United States), Eli Lilly and Company (United States), Merck & Co.(United States), Hoffmann-La Roche AG (Switzerland), Johnson & Johnson (United States), Novartis International AG (Switzerland), AbbVie, Inc. (United States), Pfizer Inc. (United States), Sanofi S.A. (France), EMD Serono, Inc. (United States), Gilead Sciences Inc. (United States), Prometheus Therapeutics & Diagnostics (United States), Aduro BioTech (United States) and Galena Biopharma (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2017, Celsee Diagnostics, an innovator of cutting-edge liquid-biopsy and rare-cell detection products, and IncellDx, a single-cell diagnostic company offering transformative diagnostic and prognostic clinical patient information based on a reagent platform allowing simultaneous, quantitative single cell-analysis of proteomic and genomic biomarkers, announced that they have entered into a collaboration to determine the feasibility of using peripheral blood to perform IncellDx’s Quantitative PD-L1 assay (OncoTect iO™) on Celsee’s rare cell isolation and analysis platforms, that may predict therapy response to metastatic cancers
In February 2018, Opdivo-Yervoy combination therapy showed delayed disease progression in patients with advanced non-small cell lung cancer.The Global Immuno Oncology Drugs Market is fragmented with numerous market players. The key players in the market are focused on launching new products in the market, which is also expected to be another factor to drive market growth. Further, increasing incidence rate of cancer with various research and development activities, owing to benefits related to cancer treatment is propelling the market growth
Influencing Trend:
Ongoing Clinical Trial for the Development of Innovative Products and Emergence of Targeted and Combination Therapies
Market Growth Drivers:
Introduction of Novel Oncology Therapies with Lesser Side Effects, Improved Therapeutic Outcomes in Cancer Treatment, Rising Prevalence of Cancer and Usage of Number of Therapies, Growing Geriatric Population and High Healthcare Spending in Developed Economies
Challenges:
Lack of Awareness about the Therapeutic Drug Treatment and Increasing Number of Side Effects Post Immuno Oncology Therapy
Restraints:
High Cost of Immuno-Oncology Therapies
Opportunities:
Companies Offering Opportunities for Next Generation Immunotherapy
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Immuno-oncology Drugs Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Immuno-oncology Drugs Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Immuno-oncology Drugs players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Immuno-oncology Drugs Study Sheds Light on
The Immuno-oncology Drugs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Immuno-oncology Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Immuno-oncology Drugs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.