Cancer Immunotherapy Market is Projected to Reach $170.70 Billion by 2028

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Cancer Immunotherapy Market is Projected to Reach $170.70 Billion by 2028

Cancer Immunotherapy or, immuno-oncology, is the treatment that utilizes the body’s self-immune system to combat cancer. The immunotherapy treatments either boost the body’s immune system against cancer or acts as the immune system to identify the cancerous cells and destroy them. Immunotherapy is precision (personalized) medicine that works better for some types of cancer; however, this treatment is now used for different types of cancer. The first immunotherapy treatment, Yervoy, was approved and commercialized in 2011 by US-based bio-pharmaceutical company, Bristol-Myers Squibb.

Global Cancer Immunotherapy Market Outlook, Value & Estimation

Recently with the discovery of new oncology targets and increased knowledge about cancer, newer immunotherapy options have been discovered. For e.g., approval of novel checkpoints (targets in the body of a patient with cancer) inhibitors against PD-1 and PD-L1, have revolutionized the immune-oncology market with their rapid uptake among the patients. The global cancer immunotherapy market was valued at $39.86 billion in 2017 and is anticipated to reach $170.70 billion by 2028. The rising prevalence of cancer around the world and high unmet medical needs of patients with cancer are stimulators for the growth of the cancer immunotherapy market. In addition, the advancements in precision medicine for immuno-oncology and rise in expenditure by pharmaceutical companies on R&D for cancer treatments, are contributing to the rise in demand for cancer immunotherapy as a treatment for cancer.

Market Segmentation by Products, Therapeutic Indication, and Region

The purpose of the BIS Research study, Global Cancer Immunotherapy Market, is to gain a holistic view of the global cancer immunotherapy market against various factors influencing the market, such as the key market trends, competitive and regulatory aspects of the market, scientific innovations into oncology fields, etc. The scope of the report is centered upon a detailed study of the solutions allied with cancer immunotherapy market which involves immune-oncology drugs used in different therapeutic applications for cancer treatment. The global cancer immunotherapy market is segmented into three different parts: ‘by products’, ‘by therapeutic indication’, and ‘by region’. The global market value for cancer immunotherapy was estimated using these three different approaches and was validated against one another. These segments are further segmented into several sub-segments to ease the market estimation.

Key Players in Cancer Immunotherapy Market

The cancer immunotherapy market has a promising potential for growth in the coming years. The report provides an in-depth SWOT analysis of different key players of the market, supported by an extensive financial summary of each company. The key players of the market are Aduro Biotech, Inc, Amgen Inc., AstraZeneca PLC, Boehringer Ingelheim, Bristol Myers Squibb Company, Celgene Corporation, Eli Lilly and Company, F. Hoffmann-La Roche AG, Johnson & Johnson, Merck & Co., Inc., Novartis AG, Pfizer Inc., and Gilead Sciences, Inc, among others.

Key Questions Answered in this Report:

• What is cancer immunotherapy? What are the products included in immunotherapy?

• What are the major market drivers, restraints, and opportunities in the global cancer immunotherapy market?

• What were the market shares of the leading segments, and sub-segments of the global cancer immunotherapy market in 2017 and what will be its share in 2028?

• How will each segment of the global cancer immunotherapy market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2028?

• What are the influencing factors that may affect the market share of the key players?

• What are the key developmental strategies implemented by the key players to stand out in this market?

• What are the major regulatory authorities/ associations/ consortiums affecting the cancer immunotherapy market and what are the main designations facilitating development and approval of cancer drugs?

• Which product segment is expected to register the highest CAGR for the global cancer immunotherapy market?

• How has the market been segmented based on therapeutic indication? Which therapeutic indication segment had the largest share, and the fastest growth rate in the global cancer immunotherapy market?

• Which geographical region will contribute to the highest sales of the cancer immunotherapy drugs during the forecast period and which will have the highest CAGR?

• What are major companies developing cancer immunotherapy drugs targeted for different therapeutic indication?

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This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and recent developments.

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Cancer Immunotherapy Market- A Story of Very Rapid Development

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The Global Cancer Immunotherapy Market Growth Accelerated By Adoption In Therapeutics

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Unleashing the Body's Defense: Exploring the Potential of Cancer Immunotherapy

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Cancer Immunotherapy Market Growth Accelerated by Expanding Applications

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Cancer Immunotherapy Market Size, Share, Trends - Analysis Report

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Cancer immunotherapy drugs are designed to alter or boost the body’s natural immune response to fight cancer this market is research-driven with a high degree of dependence on the discovery of molecules that can generate an immune response against various indications.Based on regions, the global Cancer Immunotherapy market is segmented into North America, APAC, Europe and the Rest of the World (RoW).

North America is expected to account for the largest share of the market during the forecast period.

Growth in this regional segment is driven by factors such as increase in patient pool, and initiative taken by the government for the development of Cancer Immunotherapy.In this report, the global cancer immunotherapy market has been segmented based on type, application, end user, and region.On the basis of type, the market has been segmented into monoclonal antibodies, cancer vaccines, checkpoint inhibitors, and immunomodulators.

The monoclonal antibodies segment is expected to account for the largest share of the market in 2016, while the checkpoint inhibitors segment is projected to witness the highest CAGR from 2016 to 2021.

The high growth in this segment is primarily attributed to the high success rate of these inhibitors.On the basis of applications, the global cancer immunotherapy market is segmented into lung cancer, breast cancer, colorectal cancer, melanoma, prostate cancer, head & neck cancer, and others.

Cancer Immunotherapy Market Analysis and Demand with Forecast Overview to 2025

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The global cancer immunotherapy market is anticipated grow at a CAGR of 15% over the forecast period 2020-2025.

In this cancer immunotherapy market study, the following years are considered to predict the market footprint:Estimated Year: 2025Forecast Year: 2020 – 2025The business intelligence study of the cancer immunotherapy market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units).

In a bid to recognize the growth prospects in the cancer immunotherapy market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.

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Cancer Immunotherapy Market to Score a Valuation of 101.6 billion by 2023

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This time-frame has been considered by Market Research Future (MRFR) as the forecast period.

The growth in the cancer immunotherapy market can be attributed to various features like the rise in recording of cancer patients, increasing technological interference, better growth possibilities in developing regions due to their rising investment in the healthcare sector, hike in government initiatives, along with private participation, transforming lifestyle where smoking, drinking, and food habits are showing considerable influence, and others can be taken into consideration for better market analysis.

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These regions are known for their extensive market impact and it can be attributes to their robust infrastructure, better investment in research and development, high per capita income, Easy integration of technologies, better reimbursement policies, and others.

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Cancer Immunotherapy Market Analysis by Product Research and Demand Analysis with Forecast period

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The global cancer immunotherapy market is growing pervasively and will continue so in the years to come mainly due to the growing prevalence of cancer.

Though cancer is no more considered as a deadly disease, there still exist around 100 different types of cancer which are prevailing.

Changing lifestyle is a key risk factor of these various types of cancers.Cancer immunotherapy helps the immune system to target cancerous tumor cells, which is weakened due to the advancement of disease infections.

Companies are collaborating with independent research centers and hospitals to bring novelties into therapies which are acting as major driving forces for the market.Global Cancer Immunotherapy Market - Segments MRFR has segmented its analysis into four Key dynamics for an easy grasp;By Types of Therapy : Monoclonal Antibodies (naked monoclonal antibodies, conjugated monoclonal antibodies, and bispecific monoclonal antibodies.

), Cytokines (Interferon, Interleukins, and others), Treatment Vaccines, Bacillus Calmette-Guérin, and Adoptive Cell Transfer among others.By Applications : Liver Cancer, Childhood Cancer, Colorectal Cancer, Stomach Cancer, and Lung Cancer among others.By End-Users : Hospitals and Clinics among others.By Regions : Europe, North America, APAC and the Rest-of-the-World.Global Cancer Immunotherapy Market - Regional AnalysisThe North American region dominates the global cancer immunotherapy market.

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“According to the research report published by Polaris Market Research, the Global Cancer Immunotherapy Market Size Is Expected To Reach USD 117. It shows key information on the state of the industry through graphs and tables to better measure the global Cancer Immunotherapy Market. A complete synopsis of major events and developments of the global Cancer Immunotherapy Market. The report tracks the leading market players that will shape and impact the global Cancer Immunotherapy Market most. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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All you need to know about Immunotherapy

Ankr 2021-09-15

What is immunotherapy?It is a cancer treatment that helps the immune system fight cancer and infections.

Immunotherapy is offering additional treatment options for patients with esophagus cancer and stage 4 colon cancer.

It can range from mild or moderate or severe and can become potentially life-threatening under certain circumstances.Chemotherapy treatments shrink targeted tumors immediately.

However, Immunotherapy has been approved for the following cancers:Bladder cancerBreast cancerCervical cancerColorectal cancerEsophageal cancerHead and neck cancerKidney cancerLeukemiaLiver cancerLung cancerLymphomaMelanomaProstate cancerSkin cancerNot all patients are eligible for Immunotherapy.

It depends on various factors, including the genetic makeup of the tumor cells, the cancer advancement, and response to previous treatments.Common immune therapy medications There are four types of immunotherapies.Monoclonal antibodies and tumor-agnostic treatments (checkpoint inhibitors)It contains the following immunomodulators.o Ipilimumab (Yervoy)o Nivolumab (Opdivo)o Pembrolizumab (Keytruda)o Atezolizumab (Tecentriq)o Avelumab (Bavencio)o Durvalumab (Imfinzi)Checkpoint inhibitors immunotherapy research offers new hope to advance prostate cancer, breast cancer, colorectal cancer, esophageal cancer, kidney cancer, and lung cancer patients.Oncolytic virus therapyThis type of Immunotherapy uses viruses that have been changed in a laboratory to destroy cancer cells.

Oncolytic viruses are a group of viruses that includes viruses found in nature as well as viruses modified in the laboratory to reproduce efficiently in cancer cells without harming healthy cells.