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on May 13, 2024
IMARC Group, a leading market research company, has recently releases report titled “Cancer Immunotherapy Market Report by Therapy Type (Monoclonal Antibodies, Cancer Vaccines, Checkpoint Inhibitors, Immunomodulators, and Others), Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head and Neck Cancer, and Others), End User (Hospitals, Cancer Research Centers, Clinics, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global cancer immunotherapy market report.
How Big is the Cancer Immunotherapy Market?
The global cancer immunotherapy market size reached US$ 118.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 261.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.92% during 2024-2032.
Industry Overview of Cancer Immunotherapy
Cancer immunotherapy is an advanced approach that utilizes the immune system of the body to fight and eradicate cancer cells. It relies on various strategies, such as immune checkpoint inhibitors, chimeric antigen receptor (CAR)-T cell therapy, and cancer vaccines, all designed to boost the ability of the immune system to recognize and attack malignant cells. It works by improving the natural abilities of the immune system to identify and destroy malignant cells, unlike traditional cancer treatments, such as chemotherapy or radiation therapy, that directly target cancer cells. It enhances the quality of life of patients during and after treatment and has fewer side effects as compared to chemotherapy. It assists in providing prolonged effectiveness and improving overall survival rates among patients. As a result, cancer immunotherapy is widely employed to treat melanoma, breast, kidney, liver, thyroid, and bladder cancers among individuals across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/cancer-immunotherapy-market/requestsample
What are the growth prospects and trends in the cancer immunotherapy industry?
Presently, the rising adoption of cancer immunotherapy due to prolonged survival rates and reduced toxicity represents one of the key factors strengthening the market growth. Additionally, the increasing employment of immunotherapy, as it offers targeted treatment and addresses the specific genetic and molecular characteristics of tumors, is impelling the market growth.
Apart from this, the escalating demand for cancer immunotherapy due to the increasing prevalence of cancer among the masses worldwide is offering a favorable market outlook. In addition, the rising utilization of cancer immunotherapy, as it can produce durable responses that provide long-term disease control, is contributing to the growth of the market. Besides this, the increasing demand for cancer immunotherapy on account of the improving healthcare infrastructure is propelling the market growth.
In line with this, the rising commercialization of novel immunotherapies around the world is providing lucrative growth opportunities to industry investors. Furthermore, the increasing development of more effective and less invasive treatment options is supporting the market growth.
Leading Companies Operating in the Global Cancer Immunotherapy Industry:
- Amgen Inc.
- AstraZeneca plc
- Bayer AG
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- F. Hoffmann-La Roche AG
- GSK plc
- Johnson & Johnson
- Merck KGaA
- Novartis AG
- Pfizer Inc.
- Sanofi S.A
- Seagen Inc.
Cancer Immunotherapy Market Report Segmentation:
The report has segmented the market into the following categories:
Therapy Type Insights:
- Monoclonal Antibodies
- Cancer Vaccines
- Checkpoint Inhibitors
- Immunomodulators
- Others
Application Insights:
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Melanoma
- Prostate Cancer
- Head and Neck Cancer
- Others
End User Insights:
- Hospitals
- Cancer Research Centers
- Clinics
- Others
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
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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