Over the forecast period, the Global Cancer Vaccines Market is anticipated to reach USD 12.64 Billion by 2027, with a CAGR of 9.8%.
Global Size, Trends, Competitive, Historical, and Forecast Analysis of the Global Cancer Vaccines Market To 2021-2027, The development of a cancer vaccine is expected to be supported by expanding elderly populations, an increase in the number of cancer patients, investments from major payers, and government initiatives.
Scope of Global Cancer Vaccines Market Report:
The development of aberrant cells and the accumulation of gene mutations in various body areas are the two main causes of cancer. A few types of cancer can be controlled using cancer vaccines but cannot be treated with traditional methods like radiation, chemotherapy, and others. A cancer vaccine is a vaccination that either prevents the development of cancer or is used to treat cancer that has already developed. While some vaccines are autologous, others are therapeutic.
The COVID-19 pandemic has shown a negative impact on the global cancer vaccines market due to the shortage of production and supply all over the world. Cancer vaccine manufacturing and its distributors have been affected as most of them focused on the coronavirus vaccine. Thus, the shortage of raw materials, labor unavailability, and broken supply chain, including the shutdown in many countries have also affected the market growth.
Cancer Vaccine Companies:
Some major key players for the global cancer vaccines market report cover prominent players like
- Moderna Inc.,
- GlaxoSmithKline PLC,
- Sanpower Group Co.ltd,
- Amgen Inc.,
- Dynavax Technologies Corporation,
- Etherna, Gradalis Inc.
- Candel Therapeutics Inc.,
- Sotio AS
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Global Cancer Vaccines Market Segmentation:
The global market for cancer vaccines is divided into many categories based on kind, application technology, and regional and national level. The global market for cancer vaccines is segmented into three categories based on type: therapeutic cancer vaccines, preventative cancer vaccines, and others. The global market for cancer vaccines is segmented based on application into prostate cancer, cervical cancer, and others. The global market for cancer vaccines is segmented according to technology into whole-cell cancer vaccines, DNA cancer vaccines, recombinant cancer vaccines, and others.
- Therapeutic Cancer Vaccine
- Preventive Cancer Vaccine
- Prostate cancer
- Cervical cancer
- Whole-cell Cancer Vaccine
- DNA Cancer Vaccine
- Recombinant Cancer Vaccine
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Updates On Global Vaccine Adjuvants Market:
Cleveland Clinic launches its first preventive breast cancer vaccine study:
26th October 2021: Immunologist Vincent Tuohy of the Cleveland Clinic is the creator of the breast cancer vaccine. It is a clinical trial to establish the dosage of the vaccination for patients with the deadliest type of breast cancer, triple-negative breast cancer, which has not spread to other parts of the body. According to this study, a single dosage of the vaccine has the potential to both prevent breast tumors from developing and slow the spread of cancer that already exists. In between 15 and 20 percent of breast cancer patients, triple-negative breast cancer is identified. Triple-negative breast cancer accounts for 70% to 80% of tumors in women with BRCA1 gene mutations.
An increasing number of cancer patients, a rising geriatric population, and investment by the key payers and government initiatives towards the development of cancer vaccines are anticipated to drive the growth of the global cancer vaccine market.
One of the major factors that drive the market is the increasing number of cancer patients. According to cancer.gov, around 18 million new cancer patients were found and almost 9.5 million deaths were confirmed from cancer in the year 2020 worldwide. Another factor that drives the market is the rising geriatric population. The cancer rates are highest in countries whose population has the high expectations, standard of living, and educational level.
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North America is set to maintain its Dominance in Global Cancer Vaccines Market:
North America is witnessing growth due to the high prevalence of cancer patients & highly developed healthcare infrastructure in North America. The National Cancer Institute (NCI) supports advanced cancer research across the nation which also includes funding. According to the NCI, the death rate has declined which means the number of cancer survivors in the US has increased by 7 million to 15 million and is expected to rise by about 26 million by 2040. NCI has the highest budget around 6.9 billion dollars in 2020, per year received funds is more than 5 billion dollars.
The U.S food and drug administration had approved almost 47 immunotherapies that will cover almost major types of cancer. Another factor that drives the global cancer vaccines market is government plans and initiatives taken by them. National cancer control planning provides different strategies for countries to decrease their cancer burden & risk factors in the context of their health systems and populations. According to science direct, a cancer patient is rising in Southeast Asia and the Pacific which combined increased cases from 942000 to 1.55 million by 2030, and death cases are 5,88,000 to 1.02 million over a period of time.
On Special Requirement the Global Cancer Vaccines Market. The report is also available for the below Regions and Countries: –
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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