14.08.2019 PR, реклама, маркетинг

Immunotherapy Drugs Market Assesses the Future Impact of the Propellants, Potential Demands

The key driver of this market is an increase in the prevalence of chronic diseases and thriving demand and development of monoclonal antibodies (mAbs) and immunotherapy drugs. Immunotherapy refers to the treatment of a disease by enhancing, inducing, or suppressing an immune response.

Across the globe, the increasing prevalence of chronic diseases has become a major healthcare burden, as it affects people in high-income as well as low and middle-income countries (LMIC). According to a World Health Organization report, the fact that cancer led to an estimated 9.6 million deaths in 2018 firmly cements this claim. The organization further reported that around 70% of all deaths from cancer occur in LMICs.

In the immunotherapy drugs market, players are actively looking for collaborations and partnerships for the development of novel medicines. For instance, in April 2018, Illumina Inc. and Bristol-Myers Squibb Company (BMS) came together to utilize Illumina’s next-generation sequencing (NGS) technology to develop and market the in-vitro diagnostic (IVD) assay to expand BMS’s oncology portfolio. This collaboration helped in developing a diagnostic version of Illumina’s TruSight Oncology 500 assay that assesses tumor mutation burden, and microsatellite instability for immunotherapies.

Hence, as more people get affected by chronic diseases in the future, the immunotherapy drugs sector will continue to prosper.