Health & Safety Industry Today

Cancer Immunotherapy Market Prognosticated To Perceive A Thriving Growth; MRFR Unleashes Industry Insights Up To 2023

Worldwide Cancer Immunotherapy Market was USD 36.8 billion in 2016 which is expected to grow at a healthy CAGR of 14.8% and reach till USD 101.6 billion by 2023. Global cancer immunotherapy market is segmented into four main geographical region, they are North America, Europe, Asia Pacific and The Middle East and Africa.
Published 23 January 2018

Global Scenario of Cancer Immunotherapy Market:

Cancer Immunotherapy, helps the immune system to target cancerous tumour cells, which is the natural tendency of the body but which tends to weaken with the advent of disease infections.

  • According to W.H.O. cancer is the leading cause of the total number of deaths globally in 2015, and was responsible for 8.8 million deaths in 2015. Statistics suggest that nearly 1 in 6 patients die due to cancer.
  • The respective statistics of deaths occurring due to lung cancer, liver cancer, colorectal cancer, stomach cancer, and breast cancer were recorded to be found as 16,90,000, 788,000, 774,000, 754,000, and 571,000 respectively, in 2015
  • Most common cancers are lung cancer, liver cancer, colorectal cancer, stomach cancer, and breast cancer, which have been recorded to cause 1.69 million, 788,000, 774 thousands, 754 thousands, and 571 thousands deaths respectively in year 2015.
  • According to CDC, more than 1.5 million people are diagnosed with cancer every year in the U.S., and more than 5 lakhs people are not able to survive. Reports show that 50 % of the total deaths could be prevented through making a healthy choice. Smoking is the leading cause of lung cancer, which is responsible for 90 % of the total deaths in men and 80% in women.

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Market dynamics of Cancer Immunotherapy Market

The market drivers include rise in exposure to risk factors such as smoking, alcoholism, pollution, infections and others. However the rising number of cancer is the critical driver of the market and the more than 100 different types of cancer provide the impetus to the market.

Advantages of immunotherapy such as high effectiveness, and less side effects as compared to other therapies are attractive and increasing the demand for immunotherapy. This therapy is effective for patients suffering from melanoma cancer when chemotherapy and other radiation therapies do not work.

Segmentations of Cancer Immunotherapy Market:

The global cancer immunotherapy market is segmented on the basis of therapy types, by application, by end user. On the basis of type, it is segmented into monoclonal antibodies, adoptive cell transfer, cytokines, treatment vaccines, bacillus calmette-guérin, and others. Monoclonal antibodies segment is further segmented into naked monoclonal antibodies, conjugated monoclonal antibodies, and bispecific monoclonal antibodies. Cytokines are further segmented into Interferon, Interleukins. On the basis of application, it is segmented into liver cancer, childhood cancer, colorectal cancer, stomach cancer, lung cancer and others. On the basis of end user, it is segmented into hospitals, clinics, and others.

Market developments of Cancer Immunotherapy Market:

•        Approval of PD-1 and CTLA-4 checkpoint inhibitors for melanoma and Non-Small Cell Lung Cancer (NSCLC) is expected to be the critical driver of the market

•        Introduction of Monoclonal Antibodies (mAbs) having attractive characteristics such as antigen specificity, selectivity and effectiveness is expected to make them the fastest growing segment.

•        Lung cancer has the largest market share with respect to applications. The lung cancer segment is expected to be led by drugs such as Tecentriq, Opdivo, and Keytruda. Breast cancer, expected to follow lung cancer for the share of market by applications.

•        Other market developments are approval of checkpoint inhibitors for melanoma treatment, oncolytic virus therapy, and cytokine therapies.

Regional Analysis of Cancer Immunotherapy Market:

North America and Europe dominate the global cancer immunotherapy market due to better healthcare, higher income and healthcare spending, large public healthcare expenditure accounting for 16 % of GDP and others.

Asia Pacific is however the fastest growing cancer immunotherapy market owing to the presence of rapidly developing healthcare technology, huge patient population, and increasing healthcare expenditure. Asia Pacific is expected to be led by India, Japan and China. The increasing penetration of healthcare insurance in these markets is also driving the market.

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The Middle East and Africa have the least growth in comparison to other region, although, increasing occurrence of cancer owing to smoking, change in lifestyle, and excessive alcohol intake are driving the cancer immunotherapy market in this region.

Key Players of Cancer Immunotherapy Market:

Some of key the players in the market are F. Hoffmann-La Roche AG, Merck & Co., Inc., Novartis International AG, GlaxoSmithKline Plc., Amgen Inc., Bristol-Myers Squibb, ELI Lilly and Company, Celgene Corporation, Seattle Genetics, Inc., Spectrum Pharmaceuticals, Inc. and others.

Major TOC for Cancer Immunotherapy Market:

Table of Contents

  1. Report Prologue

    2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary research

    3.4 Market Size Estimation


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