Cancer Immunotherapy Industry Estimated to Grow with a Healthy CAGR During Forecast Period 2019 – 2026

Cancer Immunotherapy Industry Overview

 

The global cancer immunotherapy market size was valued at USD 58.1 Billion in 2018. Growing adoption of advanced cancer therapeutic options coupled with rising cancer incidence has been one of the primary growth stimulants for the market. Healthcare providers are focusing on improving cancer therapeutic facilities and a reduction in the recurrence rate of tumor post chemotherapy.

 

Rising R&D activities in the cancer immunotherapy field is resulting in the introduction of advanced variants with enhanced efficacy and effectiveness of treatment. Immuno-oncology have shown promising results with improved survival and lower toxicity. A paradigm shift from traditional chemotherapies to immunotherapies is propelling the overall market.

 

Gather more insights about the market drivers, restrains and growth of the Global Cancer Immunotherapy Market

 

Immunotherapies in the pipeline are likely to provide more treatment choices and better outcomes than existing therapies. Introduction of newer drug classes, such as monoclonal antibodies and histone deacetylase (HDAC) inhibitors, designed to target receptors related to multiple myeloma, is poised to shape the future of the market. Ongoing studies on similar drugs intended to minimize adverse effects are projected to spur the growth of the market.

 

In addition, approval of PD-1 and CTLA-4 checkpoint inhibitors for melanoma and Non-Small Cell Lung Cancer (NSCLC) has been boosting the growth of the market. Approval of innovative immunotherapy drug forms, such as vaccines and adjuvants, is on a rise. Moreover, more immunotherapies are being tested for enhanced outputs, such as immunomodulators and CAR T-cell therapy. These new approvals and ongoing research are anticipated to stimulate the growth of the market over the forecast period.

 

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Cancer Immunotherapy Market Segmentation

Grand View Research has segmented the global cancer immunotherapy market based on product, cancer type, and region:

Cancer Immunotherapy Product Outlook (Revenue, USD Billion, 2015 – 2026)

• Monoclonal Antibodies
• Immunomodulators
• Oncolytic Viral Therapies and Cancer Vaccines

Cancer Immunotherapy Cancer Type Outlook (Revenue, USD Billion, 2015 – 2026)

• Lung Cancer
• Breast Cancer
• Colorectal Cancer
• Melanoma
• Prostate Cancer
• Head and Neck Cancer
• Ovarian Cancer
• Pancreatic Cancer

Cancer Immunotherapy Regional Outlook (Revenue, USD Billion, 2015 – 2026)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

 

Market Share Insights

• May 2022: Bayer has pledged $675,000 (USD) for the Bayer scholarship programme which will fund the university education of sixteen Asian University for Women students.
• May 2022: Novartis data at ASCO and EHA showcase latest oncology research and innovation, including in breast and prostate cancer.

 

Key Companies profiled:

Some of the prominent players in the global cancer immunotherapy market

• Amgen Inc.
• Astra Zeneca
• Hoffman La Roche
• Bayer AG
• Bristol-Myers Squibb
• Eli Lilly and Co.
• Merck and Co.
• Novartis
• Pfizer

 

Order a free sample PDF of the Cancer Immunotherapy Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.