India Immune-Oncology Drugs: Immunotherapies for Lung Cancer, Market Growth to register a CAGR of 13.1% to reach US$ 461.8 Million by 2027
India Immune-Oncology Drugs Market Analysis
Biological medicinal products include immuno-oncology products. Lung cancer, breast cancer, bowel cancer, and cervical cancer are among the cancers for which immuno-oncology medications are often used in medicinal applications. The major players in the India immuno-oncology drugs market are concentrating on emerging technology and product growth. Numerous biopharmaceutical companies and academic institutions have been designing biologics for cancer therapy on their own. Researchers at IIT Bombay's Tata Centre for Technology and Design are working on creating an indigenous chimeric antigen receptor T-cell therapy that is affordable to Indian cancer patients.
The India immuno-oncology drugs market was estimated at US$ 172.8 million in 2018 and is projected to develop at a CAGR of 13.1 percent from 2018 to 2026.
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The India immune-oncology drugs market is projected to grow due to rising cancer cases and the introduction of novel immuno-oncology therapies.
Over the forecast period, rising cancer incidences are projected to fuel growth of the India immuno-oncology drugs market. Breast cancer incidence was 25.8 per 100,000 women in 2018 and is forecast to cross 35 per 100,000 women in 2026, as per the Indian Council of Medical Research (ICMR) - NICPR (National Institute of Cancer Prevention and Research).
Due to the launch of innovative experimental treatments for cancer therapy with better clinical results, which means additional success rates against cancer, the immune-oncology medicines market is projected to produce a high revenue. Innovative immune therapies will improve the immune system's ability to recognize and kill cancer cells, which is typically suppressed as cancer progresses. These immuno-oncology-based treatments may be customized to strike or block specific targets. Iplimumab is a human monoclonal antibody that inhibits the cytotoxic T-lymphocyte-associated antigen-4.
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Cancer medicines such as Sipuleucel-T, Gardasil, and Cervarix have also been developed. These vaccines may be used as either prevention or corrective vaccines. Adoptive cell transplant therapy, also known as CAR-T cell therapy, is a new immuno-oncology treatment that includes Kymriah and Yescarta.
Moreover, for cell lung cancer, organizations focused on various immune regulatory receptors such as simulated death-1 (PD-1) and programmed death ligand-1 and 2 (PD-L1) are being used, such as Nivolumab, Atezolimumab, and Pembrolizumab. Covalently monoclonal antibodies, which are paired with other factors such as radiolabeled antibodies and chemo branded antibodies, have been formed from monoclonal antibodies.
Inadequate supply of inexpensive and fair cancer treatment drugs in India is a key restraining factor for the India immune-oncology drugs market, which stymies the India immune-oncology drugs market. As per data published in the Lancet Journal in 2014, India's public spending on cancer falls below US$ 10 per person (compared to over US$ 100 per person in high-income or developing countries), and total public spending on healthcare remains just marginally higher than 1% of GDP. Out-of-pocket fees, which contribute for over three-quarters of cancer expenses in India, are one of the biggest risks to patients and their families, according to the same article. Furthermore, since cancer treatments are more expensive, and there are fewer better alternatives available, main players are unable to reduce the cost of cancer drugs.
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Major companies contributing in the India immune-incology drugs market are Dr. Reddy's Laboratories Ltd., Merck & Co., Inc., AstraZeneca plc, Intas Pharmaceuticals Ltd., Amgen, Inc., Biocon Limited, Hetero Drugs Limited., F. Hoffmann-La Roche AG, Reliance Life Sciences, Mylan N.V., BIOCAD-Biotechnology Company, and Bristol - Myers Squibb.
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- Website: India Immune-Oncology Drugs Market