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Cancer Immunotherapy Market Report, Trends, Industry Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Cancer Immunotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cancer immunotherapy market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Cancer Immunotherapy Market?

Report Attributes Details
Market Size in 2022 US$ 106.7 Billion
Market Forecast in 2028 US$ 182.0 Billion
Growth rate (2023 to 2028) CAGR of 8.8%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Cancer Immunotherapy?

Cancer is a disease starting in any tissue or organ of the body on account of the abnormal cell growth that invades the adjoining parts and spreads to other organs. Cancer immunotherapy is a treatment that improves the ability of the immune system in fighting this disease. It is utilized in treating several types of cancers, including melanoma, breast, colorectal, prostate, head and neck, lung, etc. Cancer immunotherapy works by activating immune system by triggering a response capable of destroying the cancer cells. As a result, it finds extensive applications in hospitals, cancer research centers, clinics, etc., across countries.

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What are the growth prospects and trends in the cancer immunotherapy industry?

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The escalating number of cancer patients across the globe is among the primary factors driving the cancer immunotherapy market. Besides this, the elevating utilization of monoclonal antibodies to treat various types of cancer by selectively attacking cancerous cells is further augmenting the market growth.

Apart from this, the rising prevalence of multiple myeloma and melanoma is also catalyzing the global market. Moreover, the introduction of various patient assistance programs that offer financial assistance to low-income individuals to cater to drug coverage is acting as another significant growth-inducing factor.

Furthermore, the development of advanced treatment variants with improved efficacy and the continuous technological advancements in clinical therapies are expected to bolster the cancer immunotherapy market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Therapy Type:

  • Monoclonal Antibodies
  • Cancer Vaccines
  • Checkpoint Inhibitors
  • Immunomodulators
  • Others

Breakup by Application:

  • Lung Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Melanoma
  • Prostate Cancer
  • Head and Neck Cancer
  • Others

Breakup by End User:

  • Hospitals
  • Cancer Research Centers
  • Clinics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Amgen Inc.
  • AstraZeneca plc
  • Bayer AG
  • Bristol-Myers Squibb Company
  • Eli Lilly and Company
  • F. Hoffmann-La Roche AG
  • GlaxoSmithKline Plc
  • Johnson & Johnson
  • Merck KGAA
  • Novartis AG
  • Pfizer Inc.
  • Sanofi
  • Seagen Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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