Immunotherapy Drugs Market Worth $274.6 Billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, May 29, 2020 /PRNewswire/ -- According to the new market research report "Immunotherapy Drugs Market by Type (Monoclonal Antibodies, Check Point Inhibitors, Interferons, and Interleukins), Therapy Area (Cancer, Autoimmune diseases& Inflammatory, Infectious Diseases), End User (Hospitals, Clinics ) - Global Forecast to 2025", published by MarketsandMarkets, the Immunotherapy Drugs Market is projected to reach USD 274.6 billion by 2025 from USD 163.0 billion in 2020, at a CAGR of 11.0% during the forecast period.

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The growth of this market is majorly attributed to the increasing adoption of immunotherapy drugs over conventional treatment regimens, the rising prevalence of cancer and autoimmune & infectious diseases, increasing demand for monoclonal antibodies and biosimilars, and fast track approvals from regulatory bodies.

By type, the monoclonal antibodies segment accounted for the largest market share in 2019.

On the basis of type, the immunotherapy drugs market is segmented into monoclonal antibodies, checkpoint inhibitors, interferons & interleukins, and other immunotherapy drugs. The mAbs segment accounted for the largest share of the immunotherapy drugs market in 2019. The large share of this segment is mainly owing to their high specificity & few side-effects, increasing focus on personalized medicines, initiatives by industry players, and the increasing target disease incidence and patient pool.

Browse in-depth TOC on "Immunotherapy Drugs Market"
114 – Tables
34 – Figures  
176 – Pages

Cancer commanded the largest share of the immunotherapy drugs market, by therapeutic area, in 2019.

Based on therapeutic area, the immunotherapy drugs market has been segmented into cancer, autoimmune and inflammatory diseases, infectious diseases, and other therapeutic areas. Cancer accounted for the largest share of the immunotherapy drugs market in 2019. Factors such as the large number of approvals, rising prevalence of cancer, rising demand for monoclonal antibodies & personalized medicines, and the expansion of policies by payers to cover most immunotherapy drugs are driving the market growth.