HOME Research Insight Approval is the Key Growth Strategy Adopted by Players Operating in the Immunotherapy Drugs Market



Approval is the Key Growth Strategy Adopted by Players Operating in the Immunotherapy Drugs Market


Immunotherapy Drugs Market, by Type of Drugs (Adult Vaccines, Checkpoint Inhibitors, Interferons Alpha), Therapy Area (Cancer, Autoimmune Diseases, Infectious Diseases), End-User (Hospitals), Region (North America, Asia-Pacific)-Global Forecast to 2021

F. Hoffmann-La Roche AG (Switzerland), Johnson & Johnson (U.S.), and Abbvie, Inc. (U.S.) are the leading players in the global immunotherapy drugs market. The strong position of these companies in the market can primarily be attributed to their global presence and broad product portfolio. Other major players in the market include Amgen Inc. (U.S.), Merck & Co., Inc. (U.S), and GlaxoSmithKline (U.K.).

F. Hoffmann-La Roche AG (Switzerland) accounted for the largest share of 19.1% of the global immunotherapy drugs market in 2015. The company focuses on the strategy of expansion and product approvals to maintain its footprint in the immunotherapy drugs market. In accordance with this, the company widened its immuno-oncology portfolio with FDA and European marketing authorization approvals for Gazyvaro and Kadcyla, which are used in the treatment of chronic lymphocytic leukemia and breast cancer, respectively. Similarly, in 2016, the company also received FDA approval for TECENTRIQ and European Commissionís approval for Avastin in combination with Tarceva used for treatment of metastatic non-small cell lung cancer.

Johnson & Johnson (U.S.) was the second-largest player in the global immunotherapy drugs market with a market share of 13.1% in 2015. The company mainly focuses on inorganic strategies such as acquisitions, collaborations and approvals to sustain its position in the immunotherapy drugs market. In November 2016, Janssen Biotech, Inc. a division of J&J (U.S.) entered into clinical trial collaboration with Onyx Pharmaceuticals, Inc., a subsidiary of Amgen (U.S.). Similarly, in November 2015, DARZALEX injection, the first human anti-CD38 monoclonal antibody from Janssen Biotech, Inc. has been approved by US-FDA for intravenous infusion for the treatment of patients with multiple myeloma.

Companies in the immunotherapy drugs market are majorly focusing on drugs approval for strengthening their market share; this strategy accounted for ~43% of the total number of strategic developments undertaken by key players in this market.

Related Reports:

Immunotherapy Drugs Market by Type of Drugs (Adult Vaccines, Checkpoint Inhibitors, Interferons Alpha), Therapy Area (Cancer, Autoimmune Diseases, Infectious Diseases), End-User (Hospitals), Region (North America, Asia-Pacific) - Global Forecast to 2021

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