Immuno-oncology Therapy Market

By Type;

Monoclonal Antibodies, Immune Checkpoint Inhibitors, Immune System Modulators and Cancer Vaccines

By Application;

Hospitals, Ambulatory Surgical Centers and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn482976531 Published Date: October, 2025 Updated Date: November, 2025

Immuno-Oncology Therapy Market Overview

Immuno-Oncology Therapy Market (USD Million)

Immuno-Oncology Therapy Market was valued at USD 108,788.19 million in the year 2024. The size of this market is expected to increase to USD 289,378.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.0%.


Immuno-oncology Therapy Market

*Market size in USD million

CAGR 15.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)15.0 %
Market Size (2024)USD 108,788.19 Million
Market Size (2031)USD 289,378.74 Million
Market ConcentrationLow
Report Pages368
108,788.19
2024
289,378.74
2031

Major Players

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

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Immuno-oncology Therapy Market

Fragmented - Highly competitive market without dominant players


The Immuno-Oncology Therapy Market is transforming cancer care by empowering the immune system to target and destroy cancer cells. Unlike conventional therapies, this approach offers higher precision and reduced side effects, resulting in over 60% integration into modern cancer treatment protocols. Its rapid expansion highlights a pivotal shift in oncology practices.

Rising Demand Drivers
Growing demand for safer and more effective cancer solutions fuels this market’s rise. Immune-based options are increasingly favored, with over 55% of patients and clinicians choosing them over traditional treatments. This strong preference showcases the shift toward therapies that prioritize long-term survival and quality of life.

Technological Advancements
Innovation continues to push the boundaries of this market, from CAR-T therapies to next-generation vaccines. Clinical research activity has surged by nearly 48% in the past decade, expanding treatment pipelines and enhancing remission rates in aggressive cancer types. These breakthroughs reinforce the sector’s leadership in modern oncology.

Future Outlook
The future remains highly promising, with around 70% of clinical trials demonstrating favorable responses across multiple tumor types. Backed by patient trust and physician confidence, immuno-oncology therapies are positioned to stay at the forefront of cancer treatment innovation, ensuring a sustained growth trajectory.

Drivers, Restraints and Opportunity Analysis

Drivers:

  • Increasing Incidence of Cancer
  • Advancements in Biotechnology and Immunology
  • Increasing Investments in Research and Development: Increasing investments in research and development within the field of immuno-oncology are playing a pivotal role in propelling market growth. Pharmaceutical companies, biotechnology firms, and research institutions are dedicating substantial resources to advance immuno-oncology therapies. These investments support the exploration of novel treatment approaches, including immune checkpoint inhibitors, CAR-T cell therapies, and therapeutic vaccines. By funding innovative research projects and clinical trials, stakeholders in the industry aim to expand the repertoire of effective cancer treatments and address unmet medical needs.

    Collaborations and partnerships between industry players and academic institutions are fostering accelerated progress in immuno-oncology research. These collaborations facilitate knowledge exchange, access to cutting-edge technologies, and shared expertise, ultimately translating scientific discoveries into tangible clinical applications. By leveraging the strengths of diverse stakeholders, such as expertise in molecular biology, immunology, and clinical trial design, collaborative efforts drive the development of clinically viable immuno-oncology therapies. This collaborative approach also enhances the efficiency of research and development processes, enabling faster translation of promising discoveries into therapeutic interventions.

    The impact of increased research and development investments extends beyond basic science to the expansion of treatment indications and the optimization of patient outcomes. As new insights into the complex interactions between the immune system and cancer cells emerge, the landscape of immuno-oncology continues to evolve. Targeted investments support the identification of biomarkers for patient stratification, the development of personalized treatment regimens, and the exploration of combination therapies. Ultimately, the collective efforts of stakeholders in immuno-oncology research and development contribute to advancing cancer care, offering hope to patients and driving the growth of the global immuno-oncology therapy market.

Restraints:

  • High Cost of Therapy
  • Immune-related Adverse Events
  • Regulatory Challenges: Navigating regulatory challenges is a critical aspect of bringing immuno-oncology therapies to market. Stringent regulatory requirements dictate the approval and commercialization processes, necessitating extensive clinical trial data to demonstrate the safety and efficacy of these therapies. Meeting these standards requires significant investments of time, resources, and expertise from pharmaceutical companies and biotechnology firms. The rigorous evaluation process aims to ensure patient safety and uphold quality standards, but it can also pose barriers to timely market access for innovative immuno-oncology treatments.

    The complexity of regulatory landscapes across different regions and countries adds another layer of challenge for market players in the immuno-oncology sector. Each regulatory authority may have distinct requirements, timelines, and documentation standards for drug approval. This diversity necessitates tailored strategies and meticulous planning to navigate the intricacies of multiple regulatory environments effectively. Delays in obtaining regulatory approvals can prolong the time-to-market for immuno-oncology therapies, impacting patient access and market competitiveness.

    Despite the challenges posed by regulatory requirements, adherence to rigorous standards is essential for ensuring patient safety and maintaining public trust in immuno-oncology therapies. Pharmaceutical companies and biotechnology firms must engage in proactive dialogue with regulatory agencies to streamline approval processes and harmonize regulatory pathways across regions where possible. Collaboration between industry stakeholders and regulatory authorities is crucial for addressing regulatory challenges, fostering innovation, and ultimately facilitating timely access to transformative immuno-oncology treatments for cancer patients worldwide.

Opportunities:

  • Expansion into Combination Therapies
  • Focus on Personalized Medicine
  • Emerging Markets and Global Expansion: Emerging markets hold significant potential for the expansion of immuno-oncology therapies, driven by rising cancer rates, improving healthcare infrastructure, and growing investments in healthcare. These markets, found predominantly in emerging economies, offer untapped opportunities for pharmaceutical companies and biotechnology firms to introduce innovative immuno-oncology treatments. As cancer incidence increases in these regions, there is a growing demand for advanced therapies that can improve patient outcomes. Concurrently, investments in healthcare infrastructure enhance access to specialized cancer care, creating a favorable environment for market expansion.

    Strategic partnerships and market access initiatives play a crucial role in facilitating entry into emerging markets for immuno-oncology therapies. Collaborations between industry players, local healthcare providers, and government agencies enable tailored approaches to address specific market needs and challenges. By forming strategic alliances, companies can leverage local expertise, navigate regulatory landscapes, and establish distribution channels effectively. Market access initiatives focus on optimizing affordability and availability of immuno-oncology treatments, ensuring broader patient access in emerging economies.

    Regulatory harmonization efforts are essential for facilitating global expansion of immuno-oncology therapies into emerging markets. Standardizing regulatory processes across different regions promotes efficiency and predictability in drug approval timelines. Pharmaceutical companies benefit from streamlined pathways that reduce administrative burden and accelerate market entry. Regulatory harmonization enhances patient safety by ensuring adherence to consistent quality and efficacy standards. Overall, leveraging strategic partnerships, market access initiatives, and regulatory harmonization efforts is key to expanding the reach of immuno-oncology therapies and addressing unmet medical needs in emerging markets worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Immuno-Oncology Therapy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Increasing Incidence of Cancer
        2. Advancements in Biotechnology and Immunology
        3. Increasing Investments in Research and Development
      2. Restraints:
        1. High Cost of Therapy
        2. Immune-related Adverse Events
        3. Regulatory Challenges
      3. Opportunities:
        1. Expansion into Combination Therapies
        2. Focus on Personalized Medicine
        3. Emerging Markets and Global Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Immuno-oncology Therapy Market, By Type, 2021 - 2031 (USD Million)
      1. Monoclonal Antibodies
      2. Immune Checkpoint Inhibitors
      3. Immune System Modulators
      4. Cancer Vaccines
    2. Immuno-oncology Therapy Market, By Application, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Others
    3. Immuno-Oncology Therapy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Roche Holding AG
      2. Bristol-Myers Squibb Company
      3. Merck & Co., Inc.
      4. Novartis AG
      5. Pfizer Inc.
      6. AstraZeneca plc
      7. Johnson & Johnson Services, Inc. (Janssen Biotech)
      8. Gilead Sciences, Inc.
      9. Amgen Inc.
      10. Sanofi S.A.
      11. Takeda Pharmaceutical Company Limited
      12. GlaxoSmithKline plc (GSK)
      13. F. Hoffmann-La Roche Ltd. (Genentech)
      14. BeiGene, Ltd.
      15. Eli Lilly and Company
  7. Analyst Views
  8. Future Outlook of the Market