The Rise In Partnerships For Combination Therapies Is Anticipated To Open Up New Avenues For The Immunotherapy Drugs Market
Immunotherapy Drugs Market The Immunotherapy Drugs Market is estimated to be valued at US$ 234.85 Bn or Billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Immunotherapy drugs work by either boosting the body's natural defenses to fight cancer or by giving the immune system tools to better identify and attack cancer cells. Some major immunotherapy drugs include checkpoint inhibitors, monoclonal antibodies, vaccines, and cell therapy. Checkpoint inhibitors like Nivolumab help the immune system recognize and attack cancer cells by blocking checkpoints like PD-1 and CTLA-4. Monoclonal antibodies like Rituximab directly target specific cancer cell proteins to induce an immune response. Market Dynamics: One of the major drivers fueling the growth of the immunotherapy drugs market is the rising prevalence of cancer worldwide. According to WHO, cancer is