Immuno-oncology Market Size, Share, Trends, Demand, Growth Forecast, Segmentation and Revenue Outlook

Immuno-oncology Market analysis document gives wide-ranging analysis of the market structure and the evaluations of the various segments and sub-segments of the HEALTHCARE industry. This market report takes into account the comprehension of business goals and requirements to bridge the gap by delivering the most proper and suitable solutions. This industry analysis report contains the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2023-2030. The winning Immuno-oncology Market report makes organization up to date with the profound knowledge of the global, regional and local market statistics.

Government approval for cytokines, vaccines, tumor-directed monoclonal antibodies, immune checkpoint blockers, and other IO medications has contributed to substantial advancements in IO in recent years. The market is anticipated to increase as more people become aware of the benefits of IO over traditional approaches. In contrast to merely treating cancer, IO therapies stimulate the immune system, which helps to address a larger patient population. This will open up new potential for the industry’s expansion throughout the forecast period.

Data Bridge Market Research analyses that the immuno-oncology (IO) market, which is USD 28.10 billion in 2022, is expected to reach USD 156.05 billion by 2030, at a CAGR of 23.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Immuno-Oncology (I-O) is an advanced area of research that seeks to help the body’s immune system fight cancer. Drugs used for cancer treatment enhance or suppress the immune system to support the body’s defenses against cancer, infections, and other diseases. To boost the immune system and help the body find and get rid of cancer cells, it uses substances created by the body or in a lab.

Opportunities

• Collaboration and partnerships are a promising opportunity

Companies have long collaborated with academic and research organizations in this industry for a long time through partnerships and in- or out-licensing agreements, and this trend has been accelerating in recent years. For instance, in September 2020, the US-based biopharmaceutical company AbbVie, Inc., which specializes in drug discovery, research, and development, announced its research partnership with I-Mab Biopharma Co. Ltd. This Chinese biopharmaceutical company has made significant advancements in the discovery, development, and commercialization of biological drugs for immunology. Together, the two companies will focus on developing Lemzoparlimab (also known as TJC4), a novel anti-CD47 monoclonal antibody that I-Mab separately discovered and developed to treat a variety of malignancies. The agreement covers its commercialization and development. Additionally, the two parties could opt to continue working together.

Restraints/Challenges

• Serious problems with high medical expenses will hamper the market growth

Patients around the world have a serious problem with high medical expenses. There is a lot of pressure to keep expenses down and show value. The absence of affordable medications has affected the health of the populace in less developed countries and contributed to a short average life expectancy. Immunotherapy frequently carries an average annual cost of more than $100,000 per patient, which would increase to $850,000 per patient if the value of medical aid were considered. As a result, it is anticipated that the market for immuno-oncology drugs will experience slow growth due to the high cost of immuno-oncology therapy.

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Some of the major players operating in the immuno-oncology (IO) market are:

• Bristol Myers Squibb Company (US.)
• Novartis AG (Switzerland)
• F. Hoffmann-LA Roche Ltd. (Switzerland)
• Merck & Co., Inc. (U.S.)
• GSK Plc. (UK.)
• Eli Lilly and Company (US.)
• Fresenius Kabi AG (Germany)
• Pfizer Inc. (US.)
• AbbVie Inc. (US.)
• Genentech Inc. (U.S.)
• Sanofi (France)
• AstraZeneca (UK.)

Recent Developments

• In 2021, Amunix Pharmaceuticals, Inc. was acquired by Sanofi SA, a biopharmaceutical and healthcare organization with its headquarters in France, for $1 billion. With the help of this acquisition, Sanofi is better able to develop novel treatments for cancer patients, conduct research on immune-oncology therapeutic candidates, find new drugs, bring these potentially better and safer treatment options to patients by collaborating as a center of excellence, and expand its oncology pipeline.

Immuno-Oncology (IO) Market Scope

Type

• Immune Cell Therapy (CAR-T)
• Monoclonal Antibodies
• Checkpoint Inhibitors
• Cytokines
• Cancer Vaccines
• Others

 Targets

• IDO1i
• Oncolytic virus
• STING agonist
• TLR agonist
• TIL
• MEKi
• TIGIT
• CPI
• GITR agonist
• TGF-b trap
• A2AR antagonist/CD73i
• LAG-3
• Anti-CTLA-4
• MAGE-A3, VEGF
• HDAC
• STING
• TIM-3
• TGF-Beta
• OX40
• Others

 Indication

• Malignant Tumors
• Benign Tumors
• Others

End Users

• Hospitals
• Specialty Clinics
• Others

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Others

Key Advantages of the Report: 

• This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
• The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
• The report quantitatively assesses the current market, shedding light on its growth prospects.
• A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
• The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

What to Anticipate from the Report – A 7-Point Guide:

• The report delves into the holistic strategy and innovation within the market ecosystem.
• It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
• The report evaluates various implementation models and examines numerous use cases.
• Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
• Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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