Global Immuno Oncology Market Size, Share, and COVID-19 Impact Analysis, By Type (Immune Cell Therapy (CAR-T), Monoclonal Antibodies, Checkpoint Inhibitors, Cytokines, Cancer Vaccines, Others), By 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), By Indication (Malignant Tumors, Benign Tumors, Others), By End-User (Hospitals, Speciality Clinics, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 - 2030

Industry: Healthcare


Global Immuno Oncology Market Forecasts to 2030

  • The Global Immuno Oncology Market Size was valued at USD 26.6 Billion in 2021
  • The Worldwide Market is Growing at a CAGR of 22.9% from 2022 to 2030
  • The Worldwide Immuno Oncology Market is expected to reach 154.57 USD Billion by 2030
  • Asia Pacific expected to Grow the fastest during the forecast period


Immuno Oncology Market

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The Global Immuno Oncology Market is expected to reach USD 154.57 billion by 2030, at a CAGR of 22.9% during the forecast period 2022-2030.


Market Overview

Immuno Oncology is also known as cancer immunotherapy, which is the study of the development of a treatment that uses the body’s immune system to prevent, control, and eliminate cancer. In this development therapy, the human body’s immune responses are utilized both innate and adaptive to target the cancer cell. This therapy improves the immune system to find and destroy cancer cells by using molecules manufactured within the body or in a lab. Previously conventional chemotherapies were used as an alternative to immune-oncology therapies. Immuno Oncology therapies are moving to the immuno-oncology market growth over the forecast period.


For instance, according to the Cancer Research Institute, the number of active agents in immuno-oncology ranging across multiple immunotherapy approaches increased by 67% in a single year, which is brought out in natural reviews of drug discovery. Industry analysis indicates that the rising demand for Immuno-Oncology treatments is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period. The most important drug in the development of immuno oncology thematic research is providing a classification of therapy and technologies, regulator, market access details, and product & company profiles along with information.


Report Coverage

This research report categorizes the market for Global Immuno Oncology market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Global Oncology market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the market.


Global Immuno Oncology Market Report Coverage

Report CoverageDetails
Base Year:2021
Market Size in 2021:USD 26.9 Billion
Forecast Period:2021 - 2030
Forecast Period CAGR 2021 - 2030 :22.9%
2030 Value Projection:USD 154.57 Billion
Historical Data for:2017 - 2020
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Targets, By Indication, By End- User, By Region
Companies covered::Amgen, Inc., AstraZeneca, Bristol Myers Squibb, Celgene Corporation, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc., Incyte, Janssen Biotech, Merck, Novartis AG, Pfizer, Roche, Sanofi, Dendreon, Spectrum Pharmaceuticals, Takeda Pharmaceuticals
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Nowadays, due to the increasing number of cancer patients, the global immuno oncology market is expected to reach a considerably large market size. The immune-oncology market is driving due to rising investment by the government and several pharmaceutical companies in R&D cancer treatment during the forecast period. An increasing number of cancer patients all over the world accelerate the enormous demand for immune-oncology treatment. Research and development funding is heavily invested in the fight against cancer, particularly accuracy medicine. Certainly, the future of cancer treatment is likely to involve a combination of immunotherapy and personalized therapy.


Restraining Factors

The high medical expense may produce serious problems for the market growth of immune-oncology. Because of the absence of affordable medication, there is an impact on the health of people in developing countries, resulting in shorter average life expectancy. Although high cost as compared to radiotherapy and chemotherapy along with various challenges in clinical trials is expected to restrain the immuno-oncology (IO) industry growth over the forecast period.


Market Segmentation

In 2021, Checkpoint Inhibitors is dominating the market over the forecast period.

On the basis of type, the global immuno oncology market is segmented into Immune Cell Therapy (CAR-T), Monoclonal Antibodies, Checkpoint Inhibitors, Cytokines, Cancer Vaccines, Others, among these, the checkpoint inhibitor is dominating the market with the largest market share over the forecast period. Checkpoint Inhibitors held the largest market share in 2021. Checkpoint inhibitors are made by different stem cells such as T cells, and cancer cells. These inhibitors block checkpoint proteins to connect with their companion proteins which allow T cells to destroy the cancer cells. The checkpoint inhibitors are further subdivided as CTLA-4, PD-1, and PD-L1. Among these CTLA-4 and PD-1 are primarily found in T-cells and PD-L1 in cancer cells. Nivolumab and pembrolizumab drugs are mostly used in the prevention of PD-1. These drugs are also used for other different cancer types such as melanoma skin cancer, Hodgkin lymphoma and non-small cell lung cancer as well as for some kidney cancers, head cancer, neck cancer and for urinary tract cancer pembrolizumab is used.

In 2021, Benign has projected the largest market share during the forecast period

Based on indications, the immuno-oncology is categorized into malignant tumors, benign tumors, and Others. In 2021, the Benign segment accounted for the largest market share during the forecast period. The benign tumour moves towards growing slowly and avoids spreading easily, and can become quite large but it will not damage the nearby tissues or spread to other parts of the body. Examples of Benign tumours are fibroids in the uterus and lipomas in the skin. The benign causes extreme pain or other complications if they compress against nerves or blood vessels and may trigger the overproduction of hormones in the endocrine system.


Regional Segment Analysis of the Global Immuno-Oncology Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)


North America is influencing the market over the forecast period.

North America is expected to maintain its dominance during the forecast period owing to the rising geriatric population with the conjunction of developed healthcare infrastructure. Rising cancer cases in North America are expected to build opportunities for the market growth owing to the presence of key market players. The incidence of disease rising is dominating the North American immuno-oncology market.


Immuno Oncology Market

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Asia Pacific is anticipated to have the highest growth rate over the projection period of 2023-2030 due to the uptake of cancer immunotherapy expanding at a good value. Due to enhanced factors like medical infrastructure, rise in disposable income and increased patient awareness, Asia Pacific will command the growth of the global market.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global Immuno Oncology market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.


List of Key Companies

  • Amgen, Inc.
  • AstraZeneca
  • Bristol Myers Squibb
  • Celgene Corporation
  • Eli Lilly and Company
  • F. Hoffmann-La Roche AG
  • GlaxoSmithKline Plc.
  • Incyte
  • Janssen Biotech
  • Merck
  • Novartis AG
  • Pfizer
  • Roche
  • Sanofi
  • Dendreon
  • Spectrum Pharmaceuticals
  • Takeda Pharmaceuticals


Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)


Recent Developments

  • In June 2021, GlaxoSmithKline plc and Iteos Therapeutics declared an acceptance of co-develop and co-commercialise EOS-448, an anti-TIGIT monoclonal antibody currently in phase I development as a potential treatment for patients with cancer. With this association GSK is uniquely placed with access to antibodies that mutually target all three known CD226 checkpoints - TIGIT, CD96 and PVRIG.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global Immuno Oncology market based on the below-mentioned segments:


Global Immuno Oncology Market, By Type

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

Global Immuno Oncology Market, By Novel Targets

  • IDO1i
  • LAG-3 CPI
  • Oncolytic virus
  • STING agonist
  • TLR agonist
  • HDACi
  • TIL
  • VEGFi
  • MEKi
  • CPI
  • GITR agonist
  • TGF-b trap
  • A2AR antagonist/CD73i

Global Immuno Oncology Market, By Indication

  • Malignant Tumors
  • Benign Tumors
  • Others

Global Immuno Oncology Market, By End Users

  • Hospitals
  •  Speciality Clinics
  •  Others

Global Immuno Oncology Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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