The global immunotherapy
drugs market valued $106.1 billion revenue in 2017 and is
projected to register a CAGR of 13.6% during the period 2018–2023. Surge in the
prevalence of chronic diseases, and thriving demand and development of
monoclonal antibodies (mAbs) are the key factors driving the market growth.
Checkpoint inhibitors and vaccines are the two
major types of immunotherapy drugs analyzed in the report. Of these, checkpoint
inhibitors held a larger share in the immunotherapy
drugs market, accounting for 66.3% in 2017. Checkpoint
inhibitors are the first preference for the treatment of chronic diseases, as
they provide better and effective treatment results. These drugs act directly
on site of action, without delaying the effect of medicine, and are thus being
highly adopted for the treatment of several diseases. Some of the major
checkpoint inhibitors brand available in the market are Humira,
Rituxan/MabThera, Herceptin, Remicade, and Enbrel.
Hospitals and clinics were the key end users in the
immunotherapy drugs market, with 81.0% contribution in 2017. The adoption of
immunotherapy drugs has been increasing in hospitals and clinics, owing to
growing patient population, increasing healthcare expenditure, and rising
prevalence of chronic diseases, leading to dominate the end-user segment.
North America was the largest immunotherapy drugs
market during the historical period, with more than 50.0% contribution in 2017.
This can be attributed to the increasing per capita healthcare spending, surging
geriatric population, rising prevalence of chronic diseases, and growing
presence of market players in the region. Furthermore, factors such as growing
research collaborations, increasing number of research laboratories, and
growing direct and indirect investments in research and development (R&D)
by pharmaceutical and biotechnology companies will also support the growth of
the regional market in the coming years.
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Globally, the rising prevalence of chronic diseases
is a major healthcare burden that effects high income nations as well as low
and middle-income countries (LMIC). The impact of these diseases can be
ascertained from the fact that cancer is estimated to lead to 9.6 million
deaths in 2018, as reported by the World Health Organisation (WHO). The
organisation further stated that around 70% of deaths from cancer occur in
LMIC.
Several drugs manufactured by market players for
the treatment of chronic diseases are under clinical trials. Thus, increasing
use of immunotherapy drugs to combat the rising prevalence of chronic diseases
is an important factor driving the market demand. Moreover, thriving demand and
development of mAbs, rise in the implementation of target therapy, and
increasing availability of biosimilars are also contributing to the growth of
the immunotherapy drugs market.
The report provides epidemiology analysis for cancer,
autoimmune and inflammatory diseases, and infectious diseases. According to the
International Agency for Research on Cancer (IARC) in 2018, 18.1 million people
are estimated to be suffering from cancer globally, which is expected to reach
29.5 million by 2040. Another study conducted by the American Medical
Association (AMA) between 2005–2015, reported that the incident of cancer cases
increased by 33% during this period, of which 16.4% of the cases were due to
aging population.
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The report also covers pricing and reimbursement scenario
for immunotherapy drugs on the universal level and for major countries such as
the U.S., Belgium, the U.K., France, Italy, Spain, Japan, China, and Australia.
For instance, a reimbursement scenario in the U.K. has impacted the cost of the
drugs. Keytruda is an immunotherapy drug used for the treatment of melanoma,
non-small cell lung cancer (NSCLC), head and neck squamous cell cancer (HNSCC),
urothelial carcinoma, gastric cancer, and cervical cancer. Keytruda generally
costs up to $84,000 to the patients. To reduce the cost of this drug, the
National Health Service (NHS) England; a publicly funded national healthcare
system, and Merck & Co. Inc. entered into an agreement in June 2018, to
reimburse the cost of this drug and provide it for routine use as per the
National Institute for Health and Care Excellence (NICE) recommendations. NICE
recommends NHS to provide reimbursements for this drug and make it affordable
for the patients.
Some of the other leading players operating in the
global immunotherapy drugs market are F. Hoffmann-La Roche Ltd., AbbVie Inc.,
AstraZeneca PLC, Merck & Co. Inc., GlaxoSmithKline plc, Novartis International
AG, Johnson & Johnson, Amgen Inc., Bristol-Myers Squibb Company, Eli Lilly
and Company, Sanofi, Medigene AG, C. H. Boehringer Sohn AG & Co. KG, Takeda
Pharmaceutical Company Limited, and Celgene Corporation.
MARKET SEGMENTATION
By Therapy Area
By Therapy Area
·
Cancer
o Solid Tumor
o Malignant
·
Autoimmune
& Inflammatory Diseases
·
Infectious
Diseases
·
Others
By Type of Drug
·
Monoclonal
Antibodies
·
Adult
Vaccines
o Preventive Vaccines
o Therapeutic Vaccines
·
Checkpoint
Inhibitors
·
Interferons
Alpha & Beta
·
Interleukins
·
Others
By End User
·
Hospitals
·
Clinics
·
Others
Geographical Segmentation
·
North
America
o U.S.
o Canada
·
Europe
o Germany
o U.K
o France
o Italy
o Spain
o Rest of Europe
·
Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
·
Latin
America
o Brazil
o Mexico
o Rest of Latin America
·
Middle
East & Africa (MEA)
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