Pune, Maharashtra, India, September 12 2022 (Wiredrelease) Prudour Pvt. Ltd –:[250+ market report pages] The global cancer immunotherapy market size was valued at $85.8 billion in 2020, and is projected to reach $309.70 billion by 2030, registering a CAGR of 14.5% from 2021 to 2030.
Cancer immunotherapy is a type of cancer treatment that uses the patient’s own immune system to fight the cancer. The immune system is a complex system of cells and proteins that helps the body fight off infections and other diseases. Cancer cells are abnormal cells that grow out of control. The immune system recognizes these abnormal cells and tries to destroy them. However, sometimes the cancer cells grow faster than the immune system can kill them. Cancer immunotherapy helps the immune system work better against cancer cells. Growing adoption of advanced cancer therapeutic options coupled with rising cancer incidence has been one of the primary growth stimulants for the market. Healthcare providers are focusing on improving cancer therapeutic facilities and a reduction in the recurrence rate of tumor post chemotherapy.
GLOBOCAN 2018 shows that cancer incidence has increased from 14.1million to 15.2 million between 2012 and 2015 to 17.0million by 2018, an increase of around 12%. In addition, cancer mortality has seen a rise, from 8.2million deaths in 2012 to a 9.4 million deaths in 2018. According to the American Cancer Society, lung cancer ranks as one of the world’s most deadly forms of cancer.
There are different types of cancer immunotherapy.
Cancer immunotherapy is a type of cancer treatment that uses the body’s own immune system to fight the cancer. The immune system is a complex system of cells and organs that work together to protect the body from infection and disease.
Cancer immunotherapy treatments can be divided into two main types: active and passive.
Active immunotherapy treatments stimulate the body’s own immune system to recognize and attack cancer cells. Passive immunotherapy treatments use man-made versions of antibodies or immune cells to directly attack cancer cells. There are many factors, such as increase in healthcare expenditure, rise in incidence of cancer, surge in access to medical insurance, and surge in technological advancements in cancer treatment therapies expected to propel the growth of the global cancer immunotherapy market.
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Recent Developments
* Amgen’s LUMAKRAS was approved by the US FDA for use in treating KRAS G12C patients. This involves metastatic or mutated non-small cell lung carcinoma (NSCLC) and has been approved by Amgen in May 2021. LUMAKRAS is a targeted treatment for NSCLC.
* Astellas Pharma announced that the European Commission approved the XTANDI therapy (enzalutamide) in May 2021. XTANDI, the only approved oral treatment available for prostate cancer, is approved for all three types: non-metastatic, metastatic hormone sensitve, and resistant to metastatic castration.
Scope of the Report:
Type
Monoclonal Antibodies
Immunomodulators
Oncolytic Viral Therapies and Cancer Vaccines
Application
Lung Cancer
Breast Cancer
Colorectal Cancer
Melanoma
Prostate Cancer
Head and Neck Cancer
Ovarian Cancer
Pancreatic Cancer
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Key Market Players included in the report:
Amgen Inc.
AstraZeneca
F. Hoffmann La Roche Ltd.
Bayer AG
Bristol-Myers Squibb Company
Eli Lilly and Company
Merck and Co. Inc.
Novartis AG
Pfizer Inc.
Regional Insights
North America Cancer Immunotherapy Market Revenue and Opportunities Forecast 2022-2031
U.S.
Canada
Europe Cancer Immunotherapy Market Revenue and Update Forecast 2022-2031
UK
Germany
France
Rest of Europe
Asia Pacific Cancer Immunotherapy Market Revenue and Forecast Analysis 2022-2031
China
Japan
India
Rest of Asia Pacific
Latin America Cancer Immunotherapy Market Revenue and Global Forecast 2022-2031
Mexico
Brazil
Rest of Latin America
The Middle East and Africa Cancer Immunotherapy Market Revenue and Forecast Overview 2022-2031
GCC Countries
South Africa
Rest of the Middle East and Africa
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Frequently Asked Questions About This Report
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