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The global Immunotherapy Drugs Market size is projected to reach a CAGR of 11.7% from 2023-2030. Immunotherapy drugs are used to enhance or suppress the immune system of the body. They are mostly used in the treatment of cancer and act by stimulating the immune system of the body and generating an immune response aiding the production of antibodies. Antibodies produced against antigens kill the cancerous or tumour cells. The global immunotherapy market is driven by the increasing adoption of targeted therapies, the increase in the life span of patients, and the high prevalence of lifestyle diseases. Furthermore, rapid approval of drugs and reduction in the recurrence of diseases propel market growth. Additionally, immunotherapy as an alternative to chemotherapy and the use of immunotherapy as the first line of drug for the treatment of cancer provide growth opportunities for the market players shortly. On the other hand, the high cost of immunotherapy treatment and higher attrition rate in the product development cycle impede market growth. COVID-19 had a positive impact on the immunotherapy drugs market. Because several businesses are actively engaged in creating immunotherapy-based medications or vaccines for COVID-19, the influence of COVID-19 on the immunotherapy drugs industry is positive. BioNTech SE is now undertaking phase III clinical research in healthy volunteers to examine the safety, tolerability, and immunogenicity of BNT162b2 against COVID-19 in partnership with Pfizer Inc. Request For Free Sample Report: https://www.delvens.com/get-free-sample/immunotherapy-drugs-market-trends-forecast-till-2030 | |
| Target Prov.: All Provinces Target City : All Cities Last Update : Jun 16, 2023 2:29 AM Number of Views: 46 | Item Owner : Delvens Contact Email: Contact Phone: 02086385055 |
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2024-05-02 (0.490 sec)