Lesser Side-Effects to Promote EMEA Cancer Biological Therapy Market
Technological Advancement to Spur Growth of EMEA Cancer Biological Therapy Market
Biosimilars to Impact EMEA Cancer Biological Therapy Market Positively
The EMEA cancer biological therapy market is advancing at a rapid speed with its roots spreading more than the traditional cancer therapies among the cancer patients. Biological therapy includes treatment that uses substance from living organisms or biosimilars produced in the laboratories. Founded on the interleukins, interferons, monoclonal antibodies, vaccines and others, this type of treatment uses the immune system of the body to counter cancer. In the process, biological therapy uses vaccines or bacteria to stimulate the immune system. The EMEA cancer biological therapy market is expecting a steady growth during the forecast period of (2016-2021) and can exceed the estimated worth by the end of 2023. Market Research Future (MRFR) recently published a report on the market incorporating factors that can impact the market in the foreseeable future, segmental analysis, and latest updates in the portfolio of market leaders regarding strategic changes implemented for better growth.
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One of the major factors providing a tailwind to the EMEA cancer biological therapy market is the lesser side-effects compared to the traditional methods such as chemotherapy. Chemotherapy has a significant impact on the skin and hair which in biological therapy one can avoid. The segment is receiving substantial funding from various governments for research and development which can help the market grow during the forecast period. At the same time, many drugs are facing expiration dates which are putting pressure on the products in the pipeline and is keeping the EMEA cancer biological therapy market on-the-go.
Remarkable players of the EMEA cancer biological therapy market profiled in the MRFR report are Bristol-Myers Squibb, Amgen Inc., Eli Lilly and Company, Celgene Corporation, Novartis, Pfizer Inc., Engeneic Ltd, Seattle Genetics, Inc., f. Hoffmann-La Roche Ag, Merck & Co., Inc., Teva Pharmaceutical Industries Ltd and Others.
National Health Service (NHS) in the U.K. is waiting for the approval of CAR-T system, which can make a market entry anytime soon. This hugely expensive treatment triggers the immune system by getting it genetically engineered and empowers killer T-cells to find and kill cancer. This is surely a great innovative cancer treatment.
Researchers from the Helsinki University declared that personalized drug treatment for leukemia is about to get deserved. They have developed a system guided by AI which can provide personalized medical suggestions based on the genetic information of the cancer patients.
Geographical analysis of the EMEA cancer biological therapy market as per the reports of MRFR includes Europe, and Middle East & Africa.
Europe has the maximum market share of the EMEA Cancer biological therapies. The growth can be attributed to the presence of various research institutes and better government support which is creating space for the market expansion. The regional market is expected to reach USD 23,248.3 million by 2021. With a 5.2% CAGR during the forecast period, the regional market can record substantial growth.
The Middle East cancer biological therapy market includes countries like Qatar, UAE, Kuwait, Oman, Saudi Arabia, Bahrain, and Rest of Middle East. The regional market is looking at a market valuation of USD 6528.0 million by 2021 with an expected CAGR of 4.3% during the forecast period.
MRFR segments the EMEA cancer biological therapy market by technology, application, delivery, and end-users, for a better understanding of the market.
Based on the application, the EMEA cancer biological therapy market can be segmented into cell line engineering, DNA sequence, DNA Repair, gene library development, cancer, hepatitis B, genetic engineering, gene therapy, and others.
Application-wise, the EMEA cancer biological therapy market includes IV infusion, injection, and inhalation.
Based on the end-users, the EMEA cancer biological therapy market includes hospitals, biotechnology companies, research centers, and others. Biotechnology companies and research centers are doing great as the need for new drugs have triggered both investment and drug development.
- Global Cancer Biological Therapy solutions providers, manufacturers & suppliers
- Research and development (R&D) companies
- Market research and consulting service providers
- Academic institutes and universities
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