Cancer Immunotherapy Market
Cancer Immunotherapy Market Forecasts to 2028 – Global Analysis By Application (Blood Cancers, Ovarian Cancer, Pancreatic Cancer, Liver Cancer), End User (Hospitals & Clinics, Ambulatory Surgical Centres) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $119.39 BN |
|
Projected Year Value (2028) |
US $337.42 BN |
|
CAGR (2021 - 2028) |
16.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cancer Immunotherapy Market is accounted for $119.39 billion in 2021 and is expected to reach $337.42 billion by 2028 growing at a CAGR of 16.0% during the forecast period. Cancer immunotherapy is a cancer treatment that enhances the immune system's ability to fight cancer. This therapy is preferable than the old technique because it provides long-term cancer protection, has less side effects, and treats a wider range of cancers.
Market Dynamics:
Driver:
Growing adoption of immunotherapy
The treatment options for cancer, such as chemotherapies and radiation therapy, although have more side effects, are more widely used as compared to immunotherapies. While they can effectively kill or remove cancer cells, the use of these treatments is often limited because they tend to destroy healthy cells in large numbers as well. As immunotherapies involve the mechanism of enhancing the body’s own immunity using man-made proteins such as monoclonal antibodies, they are accepted worldwide over other treatment options.
Restraint:
High product developmental cost
The cost of developing new products for cancer immunotherapy is on the higher side. Due to this, there is a negative impact on the growth of the market.
Opportunity:
Technological developments
The developments in technology and surge in healthcare expenditure positively affect the cancer immunotherapy market. Furthermore, increase in clinical trials against several types of cancers in immunotherapy extends profitable opportunities to the market players in the forecast period.
Threat:
Stringent government regulations
The stringent regulations related to cancer immunotherapy are anticipated to be a major threat for the growth of the cancer immunotherapy market. Government have better supervision over the use of immunotherapy and is also taking care of the clinical trials going on user the government norms, which has made it difficult to the companies to enter the industry and is hence expected to hinder the growth of the market.
The hospitals & clinics segment is expected to be the largest during the forecast period
Hospitals and clinics remain the most favoured medical settings, as these institutions are equipped with advanced facilities to allow for effective diagnosis and treatment. High adoption of advanced diagnostics and treatment equipment, as well as therapeutics, supported by public and private funding, further improves the healthcare quality offered by hospitals. Relatively short wait times and ease of getting appointments are projected to widen the patient base opting for clinic-based healthcare. Progressive growth in the demand for quality cancer therapeutics in clinics is influencing clinicians to focus on offering cancer immunotherapy to patients, which is driving the exponential adoption of cancer therapeutics in clinics.
The monoclonal antibodies segment is expected to have the highest CAGR during the forecast period
Monoclonal antibody based drugs assist in flagging cancer cells, trigger cell-membrane destruction, inhibiting malignant cell proliferation, preventing blood vessel growth, easy chemotherapy delivery and binding cancer and immune cells among other benefits. Their ability to trigger an antitumor immune response makes them highly sought after.
Region with largest share:
North America is projected to hold the largest market share owing to the favourable dynamics, such as progressive improvements in healthcare infrastructure and government initiatives underpinning the R&D activities of players. The rising number of patients suffering from cancer, increasing adoption rate of immunotherapy, and development of bioinformatics tools are enhancing the drug development process also contribute towards the market growth.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR due to the increasing ageing population, altering lifestyles and socio-economic changes. Consequently, healthcare spending to develop advanced research & development facilities for designing high-grade oncology diagnostics are taking place, a factor which is expected to fuel cancer immunotherapy market growth.
Key players in the market
Some of the key players profiled in the Cancer Immunotherapy Market include Merck & Co., Inc., Bayer AG, F. Hoffmann-La Roche Ltd, GlaxoSmithKline Plc, Bristol-Myers Squibb, ELI Lilly and Company, Dr. Reddy's Laboratories Ltd, Astrazeneca, Amgen Inc., Lupin Limited, Bausch Health Companies Inc., Celgene Corporation, Apotex Inc, Immunomedics Inc, and Hikma Pharmaceutical PLC.
Key developments:
In September 2021: Amgen Plc. announced its first combination study results from its Phase 1b/2 CodeBreaK 101 study, a comprehensive global clinical development program in patients with KRAS G12C-mutated advanced colorectal cancer. It shows that combining LUMAKRASTM (sotorasib) with Vectibix® (panitumumab) demonstrate efficacy and safety.
In September 2021: Bristol-Myers Squibb Company conducted a survey that included 250 oncologists, surgeons and specialists from countries like U.S., Germany and Japan. The survey revealed the potential immunotherapy carries for cancers that are detected at an early stage.
Products Covered:
• Cytokines & Immunomodulators
• Adoptive Cell Transfer
• Vaccines
• Monoclonal Antibodies
• Cell Therapies
• Checkpoint Inhibitors
Applications Covered:
• Blood Cancers
• Ovarian Cancer
• Pancreatic Cancer
• Liver Cancer
• Breast Cancer
• Melanoma
• Lung Cancer
• Gastric Cancer (Stomach Cancer)
• Cervical Cancer
• Prostate Cancer
• Multiple Myeloma
• Head & Neck Cancer
• Colorectal Cancer
• Other Applications
End Users Covered:
• Hospitals & Clinics
• Ambulatory Surgical Centres
• Cancer Research Centers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cancer Immunotherapy Market, By Product
5.1 Introduction
5.2 Cytokines & Immunomodulators
5.2.1 Granulocyte-Macrophage Colony-Stimulating Factor (Gm-Csf & G-Csf)
5.2.2 Interleukins (IL)
5.2.3 Interferons (IFN)
5.2.4 Oncolytic Virus
5.2.4.1 Immunity as an Ally
5.2.4.2 Immunity as an Obstacle
5.2.4.3 Approved Products & Clinical Trails
5.2.4.4 Immunotherapy/Non-Specific Immunotherapies
5.3 Adoptive Cell Transfer
5.4 Vaccines
5.4.1 Therapeutic Vaccines
5.4.2 Prophylactic Vaccines
5.5 Monoclonal Antibodies
5.5.1 Conjugated Monoclonal Antibodies
5.5.2 Naked Monoclonal Antibodies
5.5.3 Bispecific Monoclonal Antibodies
5.6 Cell Therapies
5.6.1 Dendritic Cells
5.6.2 Chimeric Antigen Receptor (CAR) T Cell Therapy
5.7 Checkpoint Inhibitors
5.7.1 Programmed Death 1 (PD-1) & Programmed Death Ligand 1 (PD-L1)
5.7.2 Cytotoxic T-Lymphocyte-Associated Protein-4 (CTLA-4)
6 Global Cancer Immunotherapy Market, By Application
6.1 Introduction
6.2 Blood Cancers
6.3 Ovarian Cancer
6.4 Pancreatic Cancer
6.5 Liver Cancer
6.6 Breast Cancer
6.7 Melanoma
6.8 Lung Cancer
6.9 Gastric Cancer (Stomach Cancer)
6.10 Cervical Cancer
6.11 Prostate Cancer
6.12 Multiple Myeloma
6.13 Head & Neck Cancer
6.14 Colorectal Cancer
6.15 Other Applications
6.15.1 Lymphoma
6.15.2 Renal Cell Carcinoma
7 Global Cancer Immunotherapy Market, By End User
7.1 Introduction
7.2 Hospitals & Clinics
7.3 Ambulatory Surgical Centres
7.4 Cancer Research Centers
8 Global Cancer Immunotherapy Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Merck & Co., Inc.
10.2 Bayer AG
10.3 F. Hoffmann-La Roche Ltd
10.4 GlaxoSmithKline Plc
10.5 Bristol-Myers Squibb
10.6 ELI Lilly and Company
10.7 Dr. Reddy's Laboratories Ltd
10.8 Astrazeneca
10.9 Amgen Inc.
10.10 Lupin Limited
10.11 Bausch Health Companies Inc.
10.12 Celgene Corporation
10.13 Apotex Inc
10.14 Immunomedics Inc
10.15 Hikma Pharmaceutical PLC
List of Tables
1 Global Cancer Immunotherapy Market Outlook, By Region (2020-2028) ($MN)
2 Global Cancer Immunotherapy Market Outlook, By Product (2020-2028) ($MN)
3 Global Cancer Immunotherapy Market Outlook, By Cytokines & Immunomodulators (2020-2028) ($MN)
4 Global Cancer Immunotherapy Market Outlook, By Granulocyte-Macrophage Colony-Stimulating Factor (Gm-Csf & G-Csf) (2020-2028) ($MN)
5 Global Cancer Immunotherapy Market Outlook, By Interleukins (IL) (2020-2028) ($MN)
6 Global Cancer Immunotherapy Market Outlook, By Interferons (IFN) (2020-2028) ($MN)
7 Global Cancer Immunotherapy Market Outlook, By Oncolytic Virus (2020-2028) ($MN)
8 Global Cancer Immunotherapy Market Outlook, By Adoptive Cell Transfer (2020-2028) ($MN)
9 Global Cancer Immunotherapy Market Outlook, By Vaccines (2020-2028) ($MN)
10 Global Cancer Immunotherapy Market Outlook, By Therapeutic Vaccines (2020-2028) ($MN)
11 Global Cancer Immunotherapy Market Outlook, By Prophylactic Vaccines (2020-2028) ($MN)
12 Global Cancer Immunotherapy Market Outlook, By Monoclonal Antibodies (2020-2028) ($MN)
13 Global Cancer Immunotherapy Market Outlook, By Conjugated Monoclonal Antibodies (2020-2028) ($MN)
14 Global Cancer Immunotherapy Market Outlook, By Naked Monoclonal Antibodies (2020-2028) ($MN)
15 Global Cancer Immunotherapy Market Outlook, By Bispecific Monoclonal Antibodies (2020-2028) ($MN)
16 Global Cancer Immunotherapy Market Outlook, By Cell Therapies (2020-2028) ($MN)
17 Global Cancer Immunotherapy Market Outlook, By Dendritic Cells (2020-2028) ($MN)
18 Global Cancer Immunotherapy Market Outlook, By Chimeric Antigen Receptor (CAR) T Cell Therapy (2020-2028) ($MN)
19 Global Cancer Immunotherapy Market Outlook, By Checkpoint Inhibitors (2020-2028) ($MN)
20 Global Cancer Immunotherapy Market Outlook, By Programmed Death 1 (PD-1) & Programmed Death Ligand 1 (PD-L1) (2020-2028) ($MN)
21 Global Cancer Immunotherapy Market Outlook, By Cytotoxic T-Lymphocyte-Associated Protein-4 (CTLA-4) (2020-2028) ($MN)
22 Global Cancer Immunotherapy Market Outlook, By Application (2020-2028) ($MN)
23 Global Cancer Immunotherapy Market Outlook, By Blood Cancers (2020-2028) ($MN)
24 Global Cancer Immunotherapy Market Outlook, By Ovarian Cancer (2020-2028) ($MN)
25 Global Cancer Immunotherapy Market Outlook, By Pancreatic Cancer (2020-2028) ($MN)
26 Global Cancer Immunotherapy Market Outlook, By Liver Cancer (2020-2028) ($MN)
27 Global Cancer Immunotherapy Market Outlook, By Breast Cancer (2020-2028) ($MN)
28 Global Cancer Immunotherapy Market Outlook, By Melanoma (2020-2028) ($MN)
29 Global Cancer Immunotherapy Market Outlook, By Lung Cancer (2020-2028) ($MN)
30 Global Cancer Immunotherapy Market Outlook, By Gastric Cancer (Stomach Cancer) (2020-2028) ($MN)
31 Global Cancer Immunotherapy Market Outlook, By Cervical Cancer (2020-2028) ($MN)
32 Global Cancer Immunotherapy Market Outlook, By Prostate Cancer (2020-2028) ($MN)
33 Global Cancer Immunotherapy Market Outlook, By Multiple Myeloma (2020-2028) ($MN)
34 Global Cancer Immunotherapy Market Outlook, By Head & Neck Cancer (2020-2028) ($MN)
35 Global Cancer Immunotherapy Market Outlook, By Colorectal Cancer (2020-2028) ($MN)
36 Global Cancer Immunotherapy Market Outlook, By Other Applications (2020-2028) ($MN)
37 Global Cancer Immunotherapy Market Outlook, By Lymphoma (2020-2028) ($MN)
38 Global Cancer Immunotherapy Market Outlook, By Renal Cell Carcinoma (2020-2028) ($MN)
39 Global Cancer Immunotherapy Market Outlook, By End User (2020-2028) ($MN)
40 Global Cancer Immunotherapy Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
41 Global Cancer Immunotherapy Market Outlook, By Ambulatory Surgical Centres (2020-2028) ($MN)
42 Global Cancer Immunotherapy Market Outlook, By Cancer Research Centers (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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