The global immunocytokines market size is expected to reach USD 4,078.5 Million in 2028, and register a revenue CAGR of 4.3% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth can be attributed to rising cancer cases across the world and increasing geriatric population.
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Increasing demand for advanced diagnostic procedures for cancer diagnosis, and rise in use of monoclonal antibodies are some key factors driving market revenue growth. Furthermore, new technological advancements in genetic sequencing techniques are playing an important role in growth of the global immunocytokines market.
Side effects associated with chemotherapy treatment has led to extensive research & development in monoclonal antibodies. Moreover, major market players are undertaking mergers and acquisitions, in order to combine their data and develop new drugs and diagnostic techniques for tumor detection, which is expected to have a major impact on the global market.