Cancer Immunotherapy Market size is expected to surpass around US$ 188.11 Billion by 2030

Extensive Company analysis and market share data are available in the recently launched Report, ” Cancer Immunotherapy Market: Industry Trends, Size, Growth, Share, Opportunity, and Forecast 2024-2030,” with the aid of Renub Research. The research examines the Cancer Immunotherapy Market competition, geographical areas, and growth potential

Global Cancer Immunotherapy Market is predicted to develop at a compound annual growth rate (CAGR) of 10.02% between 2023 and 2030

Immunotherapy is a ground breaking method in healthcare that harnesses the body’s immune system to combat illnesses. It has been explicitly tested as powerful in treating cancer, hypersensitive reactions, and autoimmune issues. By stimulating or improving the body’s natural defences, immunotherapy provides focused and minimally invasive remedies, reducing side effects compared to conventional treatment plans. This innovative technique has been transformative in contemporary medicinal drugs, with ongoing research and advancements usually increasing its applications and efficacy, providing new hope, and improving global patient effects.

Likewise, immunotherapy’s adaptability, spanning monoclonal antibodies, therapeutic vaccines, and oncolytic viruses, resonates with each patient and healthcare provider. This versatility, coupled with its capacity for reduced side effects in treating continual and existence-threatening sicknesses, positions it for sustained growth within the global immunotherapy market. Ongoing studies and development promise modern therapies and progressed patient outcomes, cementing its pivotal role in contemporary remedies. Furthermore, its groundbreaking fulfilment, exemplified by immune checkpoint inhibitors and CAR-T cell therapy, ushers in a new technology of personalized cancer treatment primarily based on genetic profiles, significantly enhancing affected person possibilities and transforming the complete subject of oncology. Hence, the estimated value of the Cancer Immunotherapy Market size by 2030 is expected to exceed US$ 188.11 Billion.

Moreover, the robust growth of the immunotherapy market is fuelled by increasing investments from public and private sectors, including governments, pharmaceutical companies, and venture capitalists. In 2022, global immunotherapy investments exceeded $20 billion, a 25% YoY increase. Notable examples include the National Cancer Institute’s annual $1 billion investment, Bristol Myers Squibb’s $4.1 billion acquisition of Turning Point Therapeutics, and Neon Therapeutics’ $145 million Series D funding round in 2022. These investments expedite immunotherapeutic drug development, widen patient access, improve outcomes, and stimulate economic growth. Consequently, the global Cancer Immunotherapy Market is set for sustained expansion, supported by this diverse financial backing.

Monoclonal antibodies dominate the Cancer Immunotherapy Market due to their first-rate specificity and efficacy

These engineered proteins can precisely target cancer cells and illnesses, minimizing harm to healthy tissues. Their versatility allows for improved treatment options tailored to individual sufferers, improving treatment results. Monoclonal antibodies have a confirmed track record in managing various cancers and autoimmune disorders, and ongoing research continues to expand their packages. Their reliability, validated effectiveness, and potential for personalized medication solidify their continual prominence in the ever-evolving discipline of immunotherapy.

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Products – The Cancer Immunotherapy Market has been covered from three viewpoints

  1. Monoclonal Antibodies
  2. Immunomodulators
  3. Cancer Vaccines

Lung cancers are poised to dominate the Cancer Immunotherapy Market due to their high occurrence and the growing achievement of immunotherapeutic treatments

The need for modern therapies is enormous, with lung cancers being a leading cause of cancer-associated deaths globally. Immunotherapy has proven effective in certain lung cancer instances, improving affected person consequences. Ongoing research and development are expanding the variety of immunotherapeutic options, making lung cancer a focal point in the market. Its prominence underscores immunotherapy’s significant role in cancer treatment’s evolving panorama.

Application – The Cancer Immunotherapy Market has been covered from seven viewpoints

  1. Lung Cancer
  2. Breast Cancer
  3. Colorectal Cancer
  4. Melanoma
  5. Prostate Cancer
  6. Head & Neck Cancer
  7. Others

Hospitals are enthusiastically adopting immunotherapy in the medical landscape due to its remarkable success in treating various diseases, especially cancer

Immunotherapy harnesses the body’s immune system to target and combat illnesses, offering less invasive, more targeted, and often more effective treatments. As the demand for these innovative therapies grows, hospitals are integrating immunotherapy into their standard care protocols, recognizing the potential to improve patient outcomes and reduce the side effects associated with traditional treatments. This growing acceptance of immunotherapy underscores its transformative role in modern healthcare.

End-Users – The Cancer Immunotherapy Market has been covered from three viewpoints

  1. Hospital
  2. Cancer Research Centre
  3. Clinics

China is poised for substantial growth in the upcoming forecast period within the immunotherapy market

China’s vast population, alongside a growing cancer prevalence of 4.3 million new cases a year, fuels immunotherapy demand. Government prioritization, funding, and supportive rules further enhance growth. Increasing focus, with 80% of people in China living with cancer interested in immunotherapy, drives demand, aided by favourable guidelines, and fast-track approvals from the National Medical Products Administration. The domestic immunotherapy industry, led by employing groups like BeiGene, Legend Biotech, and Innovent BioScience, is poised to increase the Chinese immunotherapy market noticeably in the upcoming forecast period.

Region– The Immunotherapy Market has been covered from six viewpoints

  1. North America (United States, Canada)
  2. Europe (Germany, United Kingdom, France, Italy, Spain, and Switzerland)
  3. Asia Pacific (Japan, China, India, Australia, South Korea, and Indonesia)
  4. South America (Brazil, Argentina, and Mexico)
  5. Middle East & Africa (South Africa, Saudi Arabia and United Arab Emirates)
  6. Rest of world

Competitive Landscape

Leading names in the Cancer Immunotherapy Market include Bristol-Myers Squibb Company, Seattle Genetics Inc., Eli Lilly & Company, Johnson & Johnson, Novartis AG, Pfizer Inc., Bayer AG, AstraZeneca, and Amgen Inc.

Company Insights

  • Overview
  • Recent Development and Initiatives
  • Sales Analysis

Cancer Immunotherapy Market Top Companies Analysis

  1. Bristol-Myers Squibb Company
  2. Seattle Genetics Inc.
  3. Eli Lilly & Company
  4. Johnson & Johnson
  5. Novartis AG
  6. Pfizer Inc.
  7. Bayer AG
  8. AstraZeneca
  9. Amgen Inc.

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Cancer Immunotherapy Market Size, Share, Industry Trends, Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Cancer Immunotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cancer immunotherapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Cancer Immunotherapy Market?

The global cancer immunotherapy market size reached US$ 106.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 182.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.

Cancer is a disease starting in any tissue or organ of the body on account of the abnormal cell growth that invades the adjoining parts and spreads to other organs. Cancer immunotherapy is a treatment that improves the ability of the immune system in fighting this disease. It is utilized in treating several types of cancers, including melanoma, breast, colorectal, prostate, head and neck, lung, etc. Cancer immunotherapy works by activating immune system by triggering a response capable of destroying the cancer cells. As a result, it finds extensive applications in hospitals, cancer research centers, clinics, etc., across countries.

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What are the growth prospects and trends in the cancer immunotherapy industry?

The escalating number of cancer patients across the globe is among the primary factors driving the cancer immunotherapy market. Besides this, the elevating utilization of monoclonal antibodies to treat various types of cancer by selectively attacking cancerous cells is further augmenting the market growth.

Apart from this, the rising prevalence of multiple myeloma and melanoma is also catalyzing the global market. Moreover, the introduction of various patient assistance programs that offer financial assistance to low-income individuals to cater to drug coverage is acting as another significant growth-inducing factor.

Furthermore, the development of advanced treatment variants with improved efficacy and the continuous technological advancements in clinical therapies are expected to bolster the cancer immunotherapy market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Therapy Type:

  • Monoclonal Antibodies
  • Cancer Vaccines
  • Checkpoint Inhibitors
  • Immunomodulators
  • Others

Breakup by Application:

  • Lung Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Melanoma
  • Prostate Cancer
  • Head and Neck Cancer
  • Others

Breakup by End User:

  • Hospitals
  • Cancer Research Centers
  • Clinics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Amgen Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc, Johnson & Johnson, Merck KGAA, Novartis AG, Pfizer Inc., Sanofi, and Seagen Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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