About Lung Cancer Vaccines -
Lung Cancer Vaccines are called biological response modifiers because they restore or stimulate the ability of the immune system to fight disease and infection, according to the National Cancer Institute. Lung cancer vaccines can help prevent cancer from developing that is preventive or prophylactic vaccines or helps in treating cancer once it has developed. Due to the favorable initiatives are taken by the World Health Organization and increasing awareness regarding lung cancer prevention and treatment there is increasing the opportunity for market growth, while some of the factors like side effects associated with the lung cancer vaccines and inadequate access to it is creating a hindrance for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on the production of lung cancer vaccines, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Lung Cancer Vaccines - market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ono Pharmaceutical (Japan), Boehringer Ingelheim (Germany), Eli Lily (United States), GlaxoSmithKline (United Kingdom), Cascadian Therapeutics, Inc (United States), Merck (United States), CureVac (Germany), PDC*line Pharma (France), Aduro BioTech Inc. (United States) and Amgen (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Astellas Pharma Inc (Japan), Bristol-Myers Squibb (United States) and Dendreon (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lung Cancer Vaccines - market by Type (Preventive Lung Cancer Vaccines and Therapeutic Lung Cancer Vaccines), Application (Hospitals, Clinics, Pharmacies, Vaccines Centers, Other and End user) and Region.
On the basis of geography, the market of Lung Cancer Vaccines - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Pediatric Population will boost the Lung Cancer Vaccines - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Lung Cancer Vaccines and Technological Advancement with the Innovations of Different Possible Therapies for Cancer
Market Growth Drivers:
Growing Government Support for Lung Cancer Vaccines Development, Increased Awareness about the Disease Prevention and Treatment and Rising Focus on Immunization Programs
Challenges:
Inadequate Access To Lung Cancer Vaccines, Adverse Effect of Lung Cancer Vaccines If Taken Without Prescription and High Cost Involved in Research and Development of Lung Cancer Vaccines
Restraints:
Side Effects Associated With Lung Cancer Vaccines Such As Redness and Pain At The Site of Injection, Fever, and Fatigue & Muscles Pains
Opportunities:
Rising Demand from Emerging Countries and World Health Organization (WHO) Favorable Initiatives
Market Leaders and their expansionary development strategies
In February 2024, AstraZeneca has concluded the acquisition of the US-based clinical-stage biopharmaceutical company Icosavax. The acquisition will strengthen AstraZeneca’s position in the respiratory syncytial virus (RSV) space and is expected to support the progression of IVX-A12, a Phase III-ready vaccine targeting both RSV and human metapneumovirus (hMPV).
The U.S. Food and Drug Administration’s (FDA’s) Center for Biologics Evaluation and ResearchExternal (CBER) is responsible for regulating vaccines in the United States. The sponsor of a new vaccine product follows a multi-step approval process which are "An Investigational New Drug application, Pre-licensure vaccine clinical trials, A Biologics License Application (BLA), Inspection of the manufacturing facility, Presentation of findings to FDA’s Vaccines and Related Biological Products Advisory Committee External (VRBPAC) and Usability testing of product labeling.
Key Target Audience
Hospitals and Clinics, Medical Research Laboratories, Drug Manufacturers and Suppliers, Academic Research Institutes, Academic Medical Centers and Universities, Research and Development (R&D) Companies and Business Research and Consulting Service Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.