Cancer Immunotherapy Market Research Report, the most recent study from MarkNtel Advisors, facilitates stakeholders with crucial information on regional and markets. By providing useful information on market insights, definitions, classifications, manufacturing operations, development plans, and investments, this research aims to obtain an in-depth understanding of the market under study. The study also examines how recent trends and events have influenced Cancer Immunotherapy’s consumer prices, growth rates, and market share. Also, it pinpoints an overview of the sector, a thorough study of current market trends and changes, and projections for local growth. So, large organizations adapt to modern trends and technological breakthroughs.
Cancer Immunotherapy Market Report Overview –
Ongoing Trends: Increased research and development efforts in cancer immunotherapy have resulted in the development of advanced versions with better therapeutic efficacies. In fact, immuno-oncology has exhibited encouraging results, including improved survival and reduced toxicity. Besides, immunotherapies under research are anticipated to provide more treatment options and superior results than current medications. This has resulted in a paradigm shift from conventional chemotherapies to immunotherapies, consequently pushing the market forward. Furthermore, launching emerging medication classes targeting multiple myeloma receptors, such as monoclonal antibodies and histone deacetylase (HDAC) inhibitors, is anticipated to boost the market growth worldwide.
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| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 13.22% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, UK, France, Italy, Spain | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil, Argentina, Mexico | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Turkey | |
| Key Companies Profiled | Amgen Inc., Astrazeneca, Bayer AG, Bristol-Myers Squibb, ELI Lilly and Company, Janssen Global Services LLC, Johnson and Johnson, Merck, Novartis, Pfizer, F., Hoffmann-La Roche Ltd. |
| Unit Denominations | USD Million/Billion |
Available Opportunity: Numerous government and NGO initiatives that raise awareness and encourage further research are expected to aid the market’s maturation. For example, the cancer study institute spent about USD 474 million on the analysis, supporting more than 120 clinical trials. Similarly, the Society for Immunotherapy of Cancer (SITC) is working to advance the understanding and use of oncology immunotherapy to improve patient results. Again, these organizations team with scientists and academics to develop cutting-edge immune therapy treatment plans.
Industry Driving Factor: Increasing acceptance of novel immunotherapies is expected to bode well for market expansion in the coming years. For instance, The U.S. FDA authorized a number of anti-PD-1/L1 antibodies between 2020 and 2022 for the treatment of NSCLC, renal cell carcinoma, melanoma, breast, prostate, and other malignancies. These antibodies include nivolumab, atezolizumab, avelumab, dostarlimab, and others. Therefore, the increased approval of immunotherapeutic drugs has fueled market development in the past few years.
Report Table of Content
- Research Basics
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Expert Verbatim- What our Experts Say?
- Global Cancer Immunotherapy Market Analysis, 2018-2028F
Geographical Dividation: The Cancer Immunotherapy Market is divided across five regions: –
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia Pacific
North America led the overall market in terms of revenue owing to the presence of numerous key players and the various strategic initiatives they have undertaken. Additionally, the rising prevalence of diseases, numerous government and non-government organizations supporting cancer immunotherapy research activities, and the increasing approval of novel drugs all contribute to regional market development. For instance, the U.S. FDA authorized Opdivo (nivolumab) to treat adult patients with NSCLC in April 2022.
Competitive Environment as stated by the Research Report On Cancer Immunotherapy Market
Market data for the Cancer Immunotherapy industry focuses on competing companies, analyzing their financials, reach, revenue, and potential in new markets. The analysis also reviews company strengths and weaknesses and aims to highlight areas of dominance in regions and market segments. Each rival undergoes individual examination to understand better how they achieve a competitive edge. The key companies profiled in the research report include: –
- – Amgen Inc.,
- – Astrazeneca,
- – Bayer AG,
- – Bristol-Myers Squibb,
- – ELI Lilly and Company,
- – Janssen Global Services LLC
- – Johnson and Johnson),
- – Merck,
- – Novartis,
- – Pfizer, F.
- – F. Hoffmann-La Roche AG
Since the research report comprehends data from historical years (2018-21) and the base year to provide estimations of the forecast period (2023-28) altogether, the market players strategize and proceed with informed perspectives to yield larger profit margins in the coming years.
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Some of the Latest Market Investments and Development By Industry Leaders –
- In March 2022, Merck & Co., Inc. announced that the US FDA had approved KEYTRUDA, an anti-PD-1 therapy used to treat advanced endometrial cancer.
- In May 2021, For the treatment of individuals with KRAS G12C, a mutation that results in locally advanced or metastatic non-small cell lung cancer, the US FDA approved Amgen’s LUMAKRAS (Sotorasib). (NSCLC). For NSCLC, LUMAKRAS is the first and only targeted therapy.
Market Segmentation as per the Research Report On Cancer Immunotherapy Market
The industry, taking into consideration, is robust and highly fragmented. Owing to this, our analyst classified the Cancer Immunotherapy Market into first and second level segments, enabling the stakeholders to gain actionable insights over numerous components of the market. Further, the market is broadly divided into the following segments,
Market Division Based On: By Product Type
- Monoclonal Antibodies
- Immunomodulators
- Oncolytic Viral Therapies and Cancer Vaccines
- Checkpoint Inhibitors
- Others
Market Division Based On: By Cancer Type
- Lung Cancer
- Prostate Cancer
- Breast Cancer
- Ovarian Cancer
- Pancreatic Cancer
- Head and Neck Cancer
- Melanoma
- Colorectal Cancer
Market Division Based On: By Mechanism of Actions
- Active Immunotherapy
- Passive Immunotherapy
Market Division Based On: By End Users
- Hospitals
- Cancer Research Centers
- Clinics
The segmentation section discusses the prominent components of the market that has either dominated the market in terms of revenue or sales, among others.
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