Future of Immuno-Oncology: Innovations and Market Outlook
According to FutureWise analysis, the market for immuno-oncology in 2023 was US$ 101.4 billion and is expected to reach US$ 240 billion by 2031 at a CAGR of 12%.
Cancer immunotherapy, commonly referred to as immuno-oncology, represents a groundbreaking approach to cancer treatment that harnesses the body's own immune system to intercept, eliminate, and manage the disease. By enhancing immune responses, providing components that amplify the body's natural defenses, and training the immune system to identify and combat specific cancer cells, immunotherapy is a powerful tool in the fight against cancer.
There are various immunotherapy modalities, including targeted antibodies, cancer vaccines, adoptive cell transfer, tumor-infecting viruses, checkpoint inhibitors, cytokines, and adjuvants. These therapies aim to either stimulate the immune system directly or provide it with the necessary tools to better identify and destroy cancer cells.
As a subset of biotherapy (also known as biologic therapy or biological response modifier (BRM) therapy), immunotherapy employs substances derived from living organisms to treat cancer, offering a more tailored and potentially less invasive alternative compared to traditional treatments like chemotherapy and radiation. Recent advancements in this field have led to remarkable outcomes for patients with previously untreatable types of cancer, highlighting the importance of ongoing research and development in immuno-oncology.
The Department of Immuno-Oncology is at the forefront of medical research that uses the body's immune system to combat cancer. Due to its potential to utilize the body's built-in immunity to infection, immunotherapy is a significant tool against cancer. T-cell treatment, which employs specialized immune system cells to target and eliminate cancer cells, and immune checkpoint blockade, which modifies or strengthens the immune system to attack and eradicate tumor cells, are two cancer immunotherapies now in use. For some people with metastatic cancer, these treatments work. But, researchers in the Department of Immuno-Oncology envision immunotherapy playing a much more significant role in the fight against cancer.
FutureWise Market Research has published a report that provides an insightful analysis of Immuno-Oncology Market trends that are affecting the overall market growth.
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Immuno-Oncology Market Segmentation:
By Product Class
- Monoclonal Antibodies
- Naked Monoclonal Antibodies
- Rituxan (Rituximab)
- Avastin (Bevacizumab)
- Herceptin (Trastuzumab)
- Conjugated Monoclonal Antibodies
- ADCETRIS (Brentuximab vedotin)
- Kadcyla (Ado-trastuzumab emtansine/TDM-1)
- Bispecific Monoclonal Antibodies
- Blincyto (Blinatumomab)
- Others
- Naked Monoclonal Antibodies
- Therapeutic Vaccines
- Provenge
- Immune Checkpoint Inhibitors
- CTLA-4 Inhibitors (Cytotoxic T-lymphocyte-associated Protein-4)
- Yervoy (Ipilimumab)
- PD-1 and PD-L1 Inhibitors(Programmed Death 1 and Programmed Death Ligand)
- Opdivo (Nivolumab)
- Keytruda (Pembrolizumab)
- Others
- CTLA-4 Inhibitors (Cytotoxic T-lymphocyte-associated Protein-4)
By Major Indications
- Head And Neck Cancer
- Lung Cancer
- Melanoma
- Lymphoma
- Leukemia
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Immuno-Oncology Market:
- F. Hoffmann-La Roche AG
- Bristol-Myers Squibb
- MerckCo., Inc.
- Novartis
- AstraZeneca Plc
- Pfizer Inc
- Eli Lilly and Company
- Johnson And Johnson
- Amgen Inc.
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Immuno-Oncology Market By Product Class, By Major Indications and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Flexible Delivery Model:
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