Immunotherapy Drugs Market Revenue to Attain USD 1198.44 Bn by 2033


07 Apr 2025

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The global immunotherapy drugs market revenue was valued at USD 318.83 billion in 2025 and is expected to attain around USD 1198.44 billion by 2033, growing at a CAGR of 18% during forecast period. The increasing prevalence of chronic diseases, advancements in monoclonal antibodies, and growing investment in personalized medicine are driving market growth.

Immunotherapy Drugs Market Revenue Statistics

Market Overview

The immunotherapy drugs market identifies research opportunities to create biologic-based and targeted therapeutic remedies that boost immune responses against cancers and immune disorders, and infectious diseases. More people choose immunotherapy now for its extended treatment results along with minimum adverse effects relative to traditional medical approaches. 

  • In 2024, the European Medicines Agency (ENA) issued 114 medical recommendations for market authorization, and 46 of these approved new active substances in their assessments, which demonstrate high levels of innovative therapies. 

The market experiences expansion due to the rising occurrence of persistent illnesses and developments in monoclonal antibody technology, along with increasing support for customized medical therapies. The immunotherapy drugs market demonstrates continuous transformation, as the regulatory backing along with technological breakthroughs and clinical need filling efforts.

Report Highlights 

  • By drug type, the monoclonal antibodies segment dominated the global immunotherapy drugs market, driven by widespread adoption in oncology and autoimmune disease treatments. The development of next-generation monoclonal antibodies, including bispecific and antibody-drug conjugates, is further enhancing treatment efficacy. Similarly, the vaccines segment is estimated to be the fastest-growing segment during the forecast period, supported by advancements in cancer vaccines and increased research into therapeutic vaccines for infectious and autoimmune diseases. Immunotherapeutic vaccine platforms are being developed for conditions like melanoma, lung cancer, and human papillomavirus (HPV)-associated malignancies.
  • By therapeutic area, the cancer segment dominated the global immunotherapy market, fueled by rising cancer incidence, improved patient access to checkpoint inhibitors, and growing investment in precision medicine. Combination immunotherapy approaches, such as immune checkpoint blockade with adoptive T-cell therapy, are gaining momentum in clinical research. On the other hand, the autoimmune disease segment is projected to witness significant growth, with new biologic therapies targeting conditions like rheumatoid arthritis, multiple sclerosis, and inflammatory bowel disease. Advancements in targeted biologics, such as JAK inhibitors and B-cell depleting therapies, are improving treatment outcomes.

Rising Adoption of Personalized Medicine

Advances in genomics and biomarker research are enabling the development of personalized immunotherapies, improving treatment outcomes, and reducing adverse effects. During genomic data analysis, artificial intelligence (AI) has enhanced the discovery of biomarkers connected with immunotherapy reactions, which helps develop custom treatment approaches. 

The development of personalized cancer vaccines that specifically target tumor neo-antigens demonstrates encouraging clinical trial results that create new possibilities for immunotherapy success.  Genomic research, together with biomarker developments, plays a fundamental part in advancing personalized medicine through the advancement of exact immunotherapeutic treatments.

  • The study published in Cell in 2024 presented evidence that cancer biomarkers revolutionized oncology through individualized tumor-based therapies, which enhanced clinical results for patients.

Increased FDA and EMA Approvals

Regulatory bodies are fast-tracking approvals for innovative immunotherapies, such as PD-1/PD-L1 inhibitors, expanding treatment options for various diseases. The approval period of combination immunotherapies is receiving increased attention from regulatory agencies, which leads to shorter approval times to satisfy unmet medical requirements. Furthermore, the improved patient access to leading-edge immunotherapies strengthens these treatments as essential components of current therapeutic methods.

The U.S. Food and Drug Administration (FDA) authorized accelerated approval for new immunotherapies during 2024 while giving sanction to next-generation checkpoint inhibitors that enhance immune activation. Immunotherapy-based treatment approvals at the European Medicines Agency (EMA) have become efficient for both rare and aggressive forms of cancer. The Project Orbis program run by the FDA enables the concurrent global assessment of cancer medications, which speeds up international patients' access to vital immunotherapy treatments.

Technological Advancements in CAR-T Cell Therapy

Ongoing research in CAR-T cell therapy is enhancing its effectiveness in hematologic cancers and expanding its potential into solid tumors. The U.S. Food and Drug Administration (FDA) issued approvals for new CAR-T therapies directed toward treating resistant blood cancers during 2024, which enhanced patient survival statistics. Scientists are creating modern CAR-T cell versions that demonstrate longer survival times and lower damage to human tissue, and improved cancer cell detection properties.

Circular DNA sequences from editing technologies, including CRISPR, help engineers optimize CAR-T cell programming to improve treatment results. Scientists conduct clinical trials of allogeneic (off-the-shelf) CAR-T therapies as they seek to achieve cost reduction and wider availability beyond the traditional protocol of using autologous cells in standard therapies. The advancement of CAR-T therapies extends their application to treat solid tumors, which represents a key development in immune system cancer treatment.

Expansion into Autoimmune and Infectious Diseases

Immunotherapy is increasingly being explored beyond oncology, with new drugs targeting autoimmune diseases and emerging infectious diseases, including COVID-19. In 2024, scientists discovered promising monoclonal antibodies that showed potential for treating rheumatoid arthritis, lupus, and multiple sclerosis by combating inflammation and managing immune responses. The FDA and EMA dedicate their efforts to reviewing cytokine therapies and checkpoint inhibitors for autoimmune conditions, which accelerates upcoming drug releases.

Scientists are currently developing T-cell-based immunotherapies to tackle HIV and hepatitis B chronic viral infections through clinical studies that demonstrate promising results in removing viral reservoirs from patients' bodies. Researchers expect that pharmaceutical industries developing immunotherapy applications will lead to transformations in disease area treatments.

Regional Insights

North America holds a dominant position in the immunotherapy drugs market, driven by strong R&D investments, a high prevalence of chronic diseases, and the presence of major pharmaceutical companies. The FDA, through its expedited approval processes, including accelerated approval and priority review, lets innovative therapies with serious therapeutic potential reach the market rapidly. 

  • Medical research at the National Institutes of Health received USD 48 billion from the NIH budget in 2023, which contributed significantly to immunotherapy advancements.

A 2024 NIH Notice of Special Interest (NOSI) served to promote scientific investigations about the fundamental mechanisms behind adverse immune reactions that occur during cancer immunotherapy while demonstrating dedication to controlling such side effects. Protecting lives becomes faster due to strong life-saving infrastructure, which enables efficient innovation and quicker accessibility of therapeutic drugs to patients.

Asia Pacific is anticipated to experience the fastest growth in the immunotherapy drugs market, attributed to rising cancer incidence, increasing healthcare expenditures, and expanding biopharmaceutical manufacturing capacities in countries like China, Japan, and India. The pharmaceutical manufacturing sectors of China, together with other countries, have received significant investments to enhance their production capacity of vital biologic therapies. 

  • Data from the World Health Organization in 2022 reveals that cancer rates have surged across Southeast Asia and other parts of Asia Pacific, thus creating an immediate necessity for better therapeutic strategies.

WHO's strategy to make biologic copies accessible has delivered additional strength to biopharmaceutical production centers throughout the middle-income areas of the region. The increased healthcare expenditures and recent developments lead to greater access and acceptance of immunotherapy treatments throughout Asia Pacific, thus improving cancer treatment results and managing the escalating cancer conditions.

Immunotherapy Drugs Market Coverage

Report Attribute  Key Statistics    
Market Revenue in 2025 USD 318.83 Billion
Market Revenue by 2033 USD 1,198.44 Billion
CAGR     18%
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America  
Base Year   2024
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market News

  • In December 2024, Bristol Myers Squibb received FDA approval for Opdivo Qvantig for subcutaneous use in most adult solid tumor indications. This combination product can be used as a monotherapy, maintenance treatment after Opdivo plus Yervoy, or alongside chemotherapy or cabozantinib. 
  • In September 2024, Roche announced FDA approval for Tecentriq Hybreza, the first PD-(L)1 inhibitor for subcutaneous injection in the U.S. This treatment can be administered in approximately seven minutes, compared to the standard 30-60 minutes for IV Tecentriq and is available for all approved IV indications, including certain lung, liver, skin, and soft tissue cancers.
  • In January 2025, Kazia Therapeutics Limited announced the launch of a clinical trial for a combination of Paxalisib and immunotherapy in patients with advanced breast cancer, targeting this aggressive and treatment-resistant cancer type.

Immunotherapy Drugs Market Companies

Market Segmentation

By Drug Type

  • Monoclonal Antibodies
  • Vaccines
  • Interleukins
  • Interferons Alpha & Beta
  • Others

By Therapeutic Area

  • Cancer
  • Infectious Diseases
  • Autoimmune & Inflammatory Diseases
  • Others

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