Immunotherapy Drugs Market Worth 73,529.2 Million USD by 2020

Dec 01, 2015, 12:30 ET from MarketsandMarkets

PUNE, India, December 1, 2015 /PRNewswire/ --

According to a new market research report "Immunotherapy Drugs Market by Type of Drug (Monoclonal Antibodies, Interferon-Alpha, Interleukins, Vaccines, (Therapeutic Vaccines and Preventive Vaccines), Checkpoint Inhibitors), Epidemiology, Regulatory and Pipeline Analysis - Global Forecast to 2020", published by MarketsandMarkets, the global Immunotherapy Drugs Market is poised to reach USD 73,529.2 Million by 2020 from USD 40,281.6 Million in 2015, at a CAGR of 12.8% from 2015 to 2020.

Browse 37 market data Tables and 29 Figures spread through 126 Pages and in-depth TOC on "Immunotherapy Drugs Market "

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Factors such as changing demographics increase in disease incidence, rising focus on therapies with fewer side effects, and acceleration of review and approval processes are driving the growth of the Immunotherapy Drugs Market. However, factors such as the high cost of immunotherapy treatments and limited accessibility of immunotherapy drugs among low- and middle-income patients are restraining the growth of this market.

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The Immunotherapy Drugs Market, by type, comprises five categories monoclonal antibodies, interferons, interleukins, vaccines, and checkpoint inhibitors. The vaccines segment is further divided into therapeutic and preventive vaccines. The monoclonal antibodies segment is expected to account for the largest share of the immunotherapy drugs products market in 2015, as there are many approved drugs for cancer treatment. However, the checkpoint inhibitors segment is one of the newer segments in the immunotherapy sector and estimated to witness the highest growth rate in the Immunotherapy Drugs Market.

Major players operating in the Immunotherapy Drugs Market are as Amgen Inc. (U.S.), GlaxoSmithKline Plc. (U.K.), Merck & Co., Inc. (U.S.), Novartis International Ag (Switzerland),and Roche Holding Ag (Switzerland).

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