The Global Cancer Immunotherapy Market was USD 36.8 billion in 2016 which is expected to grow at a healthy CAGR of 14.8% and reach till USD 101.6 billion by 2023.
Global 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.
Key Players:
F. Hoffmann-La Roche AG, Merck & Co., Inc., Novartis AG, GlaxoSmithKline Plc., Amgen Inc., Bristol-Myers Squibb, Eli Lilly and Company, Celgene Corporation, Seattle Genetics, Inc., Spectrum Pharmaceuticals, Inc. are some of the leading players at the cutting edge of the competition in the market of cancer immunotherapy across the globe.
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Key Developments:
Key players in the market are engaged in the development of new products to capture the market globally. Therefore, key market players are investing more in research and development activity, in order to lead the global market. In this regards, market players undertake various strategic approaches.
Pfizer Inc.
Pfizer Inc. is a major research based bio pharmaceutical organization. The company manufactures medicines and vaccines that help individuals in their disease condition and keep them from becoming sick in any case.
In August, 2016, the company announced the approval of FDA approval TROXYCA ER extended-release capsules CII for pain management. The drug is used for abuse-deterrent properties for the management of pain and will help Pfizer to improve their goodwill and sales with this new product
In July 2016, Bind Therapeutics entered in an asset purchase agreement with Pfizer Inc. Bind Therapeutics Inc. entered into an asset purchase agreement with Pfizer, Inc. On July 26, 2016, company amended the stalking horse agreement. The acquisition is expected to close on or about August 1, 2016.
Brief TOC
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
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3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
…TOC Continued
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