About Cancer Therapeutics and Biotherapeutics
Biotherapeutics are “antibody-drug cell therapy products where the active substance is extracted or produced from a biological source.” Biotherapeutic products include proteins and hormones, monoclonal antibodies, cytokines, antibodies, gene cell therapy products, vaccines, stem cell therapies, and more. Many biotherapeutic molecules are considered a rapidly growing drug class for anti-immunity, oncology, and inflammatory diseases. Furthermore, the expanding elderly population is helping to expand and develop the global cancer therapeutics biotherapeutics market. The elderly are especially vulnerable to such diseases and require special attention and treatment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Cancer Therapeutics and Biotherapeutics market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Cancer Therapeutics and Biotherapeutics Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cancer Therapeutics and Biotherapeutics 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.
AstraZeneca (United Kingdom), Bristol-Myers Squibb (United States), Eli Lilly & Company (United States), Johnson & Johnson (United States), Merck (Germany), Novartis (Switzerland), Pfizer (United States), Roche (Switzerland), Sanofi (France), Biogen IDEC (United States) and Genentech (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 Amgen Inc. (United States), Celgene Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cancer Therapeutics and Biotherapeutics market by Type (Chemotherapy, Radiation Therapy, Hormone Therapy and Biotherapy), Application (Household, Hospital and Others) and Region.
On the basis of geography, the market of Cancer Therapeutics and Biotherapeutics 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 Therapy Type, the sub-segment i.e. Monoclonal Antibodies will boost the Cancer Therapeutics and Biotherapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cancer Type, the sub-segment i.e. Blood Cancer will boost the Cancer Therapeutics and Biotherapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Drug, the sub-segment i.e. Nivolumab will boost the Cancer Therapeutics and Biotherapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing focus on targeted therapies and precision medicine.
Market Growth Drivers:
Technical improvements in cancer research and treatment., Increased use of Bio Pharmaceuticals in the treatment of various cancers such as breast, lung, and prostate cancer. and Surge in geriatric population.
Challenges:
High treatment cost.
Restraints:
Stringent regulatory requirement.
Opportunities:
Technological advancement such as AI and ML.
Market Leaders and their expansionary development strategies
In September 2020, Gilead Sciences announced the acquisition of Immunomedics, a clinical-stage biotechnology company focused on developing innovative cancer therapies. The acquisition was aimed at expanding Gilead's oncology portfolio and advancing its mission of improving the lives of patients with cancer.
In March 2024, Oxford Biotherapeutics, a clinical stage oncology company with a pipeline of immuno-oncology and antibody-drug conjugate (ADC)-based therapies, announced significant technological advances to its drug discovery platform OGAP® with a new version to be launched at the 14th Annual World ADC Conference in London named OGAP®-Verify. OBT will also present two posters focusing on OGAP-Verifies capacity to identify novel cancer-specific targets for the development of first-in-class therapies, particularly ADCs and other therapeutic antibodies, addressing unmet clinical needs in oncology.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
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.