Cancer Immunotherapy Market is anticipated to grow at a CAGR of 10.02% from 2023 to 2030.
The global landscape of cancer immunotherapy is undergoing a profound shift, propelled by the escalating incidence of cancer and its associated fatalities. In 2020, the International Agency for Research on Cancer noted 19.3 million fresh cancer cases and 10 million cancer-related fatalities worldwide. Projections indicate a 47% surge in global cancer cases from 2020 to 2040, with an estimated 28.4 million cases expected in 2040. Traditional chemotherapy, marred by drawbacks such as organ failure and cancer recurrence, is increasingly yielding ground to adopting pioneering cancer immunotherapy approaches. Technological advancements and the development of novel therapeutic agents are pivotal factors accelerating the growth of the cancer immunotherapy. This innovative approach empowers the immune system to target and eliminate cancer-afflicted cells, offering the dual advantage of minimal side effects and enduring treatment efficacy. Consequently, global demand for cancer immunotherapy is on the ascent.
Cancer immunotherapy is crucial in upholding the immune system's integrity, as it zeroes in on pathogens that could potentially trigger cancer by stimulating antibody production. Although cancer immunotherapy is a relatively recent therapeutic approach, its potential demonstration in recent years has been remarkable. This coupled with the substantial cancer burden and the adverse effects associated with existing treatments, points to a high growth trajectory for the market in the foreseeable future. The introduction of immunotherapy drugs like Keytruda has already exhibited a promising extension in the life expectancy of certain mesothelioma patients in clinical trials, poised to influence the market positively. The escalating effectiveness and precision of these emerging therapies and their reduced side effects compared to traditional chemotherapy are anticipated to be the key drivers of global cancer immunotherapy market expansion in the forecast period. The global cancer immunotherapy market size was valued at US$ 96.40 Billion in 2023.
Monoclonal antibodies versatile immune system modulation properties fuelled their dominance in market share, driven by their growing adoption in cancer immunotherapy
By Products, Global Cancer Immunotherapy Market is segmented into Monoclonal Antibodies, Immunomodulators and Cancer Vaccines. The ascendancy of monoclonal antibodies in market revenue is rooted in their exceptional immune system modulation capabilities, which have found resounding success in cancer immunotherapy. These adaptable antibodies hold a unique power to influence the immune system, either activating or inhibiting specific molecules crucial for immune function. As a result, they have become pivotal players in the field, enjoying increasing adoption rates. Their effectiveness and precision in targeting cancer cells while sparing healthy ones have made them a game-changing force to combat cancer. Monoclonal antibodies continue to steer the course of cancer treatment with their remarkable immune-modulating properties.Lung cancer is set to dominate the market due to its high global incidence and increased awareness of early therapeutic interventions
By Application, the Global Cancer Immunotherapy Market is divided into Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma Cancer, Prostate Cancer, Head and neck Cancer and Others. With its pervasive global prevalence and the mounting awareness of the critical significance of early therapeutic interventions, lung cancer is positioned to command a prominent market share. The alarming incidence of lung cancer worldwide underscores the urgent need for effective treatments, spurring research and development efforts in this domain. The emphasis on early interventions highlights the importance of timely diagnosis and treatment. It contributes to the significant role lung cancer is expected to play in shaping the market's future, offering hope for improved patient outcomes and a reduction in the burden of this devastating disease.Hospitals are widely embracing immunotherapy treatments for oncology conditions.
By End User, the Global Cancer Immunotherapy Market is classified into hospitals, Cancer Research Centers and Clinics. The hospital sector has firmly asserted its dominance within the global cancer immunotherapy market. This is attributable to several pivotal factors. Hospitals offer a crucial frontline in delivering these innovative treatments, benefitting from their specialized medical infrastructure and expertise. Moreover, the high incidence of cancer cases has rendered hospitals primary hubs for diagnosis and treatment. Their role is further amplified by the rising recognition of the potential of immunotherapy among healthcare professionals and patients, compelling an increased adoption of these therapies. In essence, hospitals serve as key drivers in shaping the trajectory of the global cancer immunotherapy market.
China is expected to experience significant growth in the upcoming forecast period.
By Region, Global Cancer Immunotherapy Market is split into North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, and Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea, and Indonesia), South America (Brazil, Argentina, and Mexico), Middle East & Africa (South Africa, Saudi Arabia and the United Arab Emirates) and Rest of world. China's vast population and high cancer rates offer a lucrative opportunity for cancer immunotherapy. Cancer ranks high among causes of death in China, propelling the rapid growth of its cancer drug market. The industry heavily invests in R&D to develop accessible, highly efficient treatments. Immunotherapy, favoured for its efficacy and specificity, garners substantial investment.
The Chinese government approves various immunotherapeutic approaches for diverse indications. Due to an aging population, robust manufacturing, and government support, China is a prime pharmaceutical investment hub in the Asia Pacific region. Local and international players excel in R&D, with partnerships emerging to develop and commercialize novel drugs. Collaborations also involve harnessing novel technologies for more efficient therapies. Regulatory changes might cause delays, cost accessibility issues, and competition with other treatments, but the NHSA ensures reimbursement and government support for the latest therapies, bolstering access.
Key Player
Prominent global cancer immunotherapy market includes Seattle Genetics Inc., Eli Lilly & Company, Johnson & Johnson, Novartis AG, Pfizer Inc, Bristol-Myers Squibb Company, Bayer AG, AstraZeneca, and Amgen Inc.This latest report “Cancer Immunotherapy Market, Global Forecast By Products (Monoclonal Antibodies, Immunomodulators, Cancer Vaccines), Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer&Others), End Users (Hospital, Cancer Research Center &Clinics), Region (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, and Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea, and Indonesia), South America (Brazil, Argentina, and Mexico), Middle East & Africa (South Africa, Saudi Arabia and United Arab Emirates) and Rest of world), Companies (Seattle Genetics Inc, Eli Lilly & Company, Johnson & Johnson, Novartis AG, Pfizer Inc, Bristol-Myers Squibb Company, Bayer AG, AstraZeneca, and Amgen Inc.)” provides a detailed analysis of Cancer Immunotherapy industry.
Products - Global Cancer Immunotherapy industry have been covered from 3 viewpoints:
1. Monoclonal Antibodies2. Immunomodulators
3. Cancer Vaccines
Application - Global Cancer Immunotherapy industry have been covered from 7 viewpoints:
1. Lung Cancer2. Breast Cancer
3. Colorectal Cancer
4. Melanoma Cancer
5. Prostate Cancer
6. Head & Neck Cancer
7. Others
End User - Global Cancer Immunotherapy industry has been covered from 3 viewpoints:
1. Hospital2. Cancer Research Center
3. Clinics
Country - This report covers the 21 Countries Global Cancer Immunotherapy Market:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 Australia
3.5 South Korea
3.6 Indonesia
4. Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
6. Rest of World
Company Insights:
- Overview
- Recent Development
- Financial Insights
Companies Covered:
1. Seattle Genetics Inc2. Eli Lilly & Company
3. Johnson & Johnson
4. Novartis AG
5. Pfizer Inc
6. Bristol-Myers Squibb Company
7. Bayer AG
8. AstraZeneca
9. Amgen Inc
Table of Contents
Companies Mentioned
- Seattle Genetics Inc
- Eli Lilly & Company
- Johnson & Johnson
- Novartis AG
- Pfizer Inc
- Bristol-Myers Squibb Company
- Bayer AG
- AstraZeneca
- Amgen Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 190 |
Published | November 2023 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 96.4 Billion |
Forecasted Market Value ( USD | $ 188.11 Billion |
Compound Annual Growth Rate | 10.2% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |