Global Immunocytokines Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global Immunocytokines Market is Segmented By Product Type (Monoclonal Antibodies, Cytokines, Antibody-Cytokine Fusion Proteins), By Indication (Cance....
Global Immunocytokines Market Size
Market Size in USD
CAGR40.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 40.1% |
| Market Concentration | High |
| Major Players | IOVance Biotherapeutics, Inc., Bluebird bio, Bellicum Pharmaceuticals, Inc., Ionis Pharmaceuticals, Inc., Juno Therapeutics, Inc. |
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Global Immunocytokines Market Analysis
The Global Immunocytokines Market is estimated to be valued at USD 692.1 million in 2024 and is expected to reach USD 7,332 million by 2031, growing at a compound annual growth rate (CAGR) of 40.1% from 2024 to 2031.
The immunocytokines market is expected to witness a positive growth trend over the forecast period. The increasing applications of immunocytokines in various therapeutic areas including oncology, autoimmune disorders and infectious diseases is expected to drive the demand. In addition, the rising investments by key players for research and development of novel and effective fusion proteins is also anticipated to contribute to the market growth. However, factors such as high costs associated with production complexities and large-scale manufacturing of immunocytokines may hamper the overall industry expansion to some extent during the analysis period.