The Global Cancer Immunotherapy Market was valued at USD 36 billion. Which is expected to grow at a CAGR of 14.8% within a forecasted period from 2017-2023. The global immunotherapy market is expected to reach USD 101.6 billion by the end of 2023. Worldwide Cancer Immunotherapy Market is expecting growth at a very high rate in the coming future. This is due to the increasing number of patients suffering from different types of cancer. Globally approximately 100 types of different types of cancer have been registered. And in terms of treatment, limited number of treatments are available in the market. Cancer immunotherapy is expecting to make a huge development in coming future due to its various advantages.
Immunotherapy is more effective than other available therapies and have lesser side effects. Increasing cancer population across the globe is a direct consequence of the lowering health standards i.e. increasing smoking and alcohol intake in millennial population has led to an increase in the number of lung and liver cancers. Which has provided a fuel for the development of the market. Long time for approval, high cost of treatment and many adverse effects may hinder the market growth.
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Segmentations of Cancer Immunotherapy Market:
The global cancer immunotherapy market is segmented on the basis of therapy types, by application, by end user. On the basis of type, it is segmented into monoclonal antibodies, adoptive cell transfer, cytokines, treatment vaccines, bacillus calmette-guérin, and others. Monoclonal antibodies segment is further segmented into naked monoclonal antibodies, conjugated monoclonal antibodies, and bispecific monoclonal antibodies. Cytokines are further segmented into Interferon, Interleukins. On the basis of application, it is segmented into liver cancer, childhood cancer, colorectal cancer, stomach cancer, lung cancer and others. On the basis of end user, it is segmented into hospitals, clinics, and others.
Regional Analysis of Cancer Immunotherapy Market:
North America and Europe dominate the global cancer immunotherapy market due to better healthcare, higher income and healthcare spending, large public healthcare expenditure accounting for 16 % of GDP and others.
Asia Pacific is however the fastest growing cancer immunotherapy market owing to the presence of rapidly developing healthcare technology, huge patient population, and increasing healthcare expenditure. Asia Pacific is expected to be led by India, Japan and China. The increasing penetration of healthcare insurance in these markets is also driving the market.
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The Middle East and Africa have the least growth in comparison to other region, although, increasing occurrence of cancer owing to smoking, change in lifestyle, and excessive alcohol intake are driving the cancer immunotherapy market in this region.
Key Players of Cancer Immunotherapy Market:
Some of key the players in the market are F. Hoffmann-La Roche AG, Merck & Co., Inc., Novartis International AG, GlaxoSmithKline Plc., Amgen Inc., Bristol-Myers Squibb, ELI Lilly and Company, Celgene Corporation, Seattle Genetics, Inc., Spectrum Pharmaceuticals, Inc. and others.
Major TOC for Cancer Immunotherapy Market:
Table of Contents
- Report Prologue
2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
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