Cancer Immunotherapies Market Scope
Immunotherapies is a treatment that uses certain parts of a person's immune system to fight diseases such as cancer. It can be done in various ways stimulating or boosting. It is a type of biological therapy. Biological therapy is a type of treatment that uses substances made from living organisms to treat cancer.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | American Cancer Society (United States), WebMD (United States), Amgen, Inc. (United States), Astrazeneca, PLC (United Kingdom), Bayer AG (Germany), Bristol-Myers Squibb Company (United States), Eli Lily And Company (United States), Pfizer, Inc. (United States), Merck KGAA (Germany) and Novartis AG (Switzerland) |
CAGR | % |
Companies in the market are concentrating on cancer treatment. North America is the fastest-growing country in cancer disease and infections due to the rise in the healthcare sector, increased focus healthcare system, an increased incidence of cancer. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cancer Immunotherapies market throughout the predicted period.
American Cancer Society (United States), WebMD (United States), Amgen, Inc. (United States), Astrazeneca, PLC (United Kingdom), Bayer AG (Germany), Bristol-Myers Squibb Company (United States), Eli Lily And Company (United States), Pfizer, Inc. (United States), Merck KGAA (Germany) and Novartis AG (Switzerland) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cancer Immunotherapies market by Type and Region with country level break-up.
On the basis of geography, the market of Cancer Immunotherapies 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2022, Elranatamab, an experimental cancer immunotherapy, was given Breakthrough Therapy Designation by the U.S. Food and Drug Administration (FDA) for the treatment of persons with relapsed or refractory multiple myeloma (RRMM), according to Pfizer Inc.
Market Growth Drivers:
Factors such as increased in the healthcare sector, rise in cancer disease, and surge in technological advancements in cancer treatment therapies
Challenges:
Improve the effectiveness and patient response rates
Restraints:
An increasing number of infections and diseases
Opportunities:
Rapidly increasing number of cancer patient’s propel the growth of the market during the forecast period
Key Target Audience
Research & Development, Healthcare Industry and Laboratory Centres