06 August 2018
Visiongain has launched a new pharma report Cancer Immunotherapy Market Report : Monoclonal Antibodies, Cytokines & Immunomodulators, Immune Checkpoint Inhibitors, Cell Therapy, Oncolytic Virus Immunotherapy, Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer
The future of the cancer immunotherapy market looks promising, as a number of new and innovative therapies are coming on to the market. Monoclonal antibodies (mAbs) held the largest market share. Monoclonal antibodies have gained significant attention in recent years due to their target specificity, high efficacy and less toxicity. Due to the success of immunotherapeutics in curing cancer, research companies are now focused on the development of immunotherapeutics for cancer treatments. Demand for personalized medicine is owing to the growth of therapeutic antibodies.
The lead analyst of the report commented - “The global cancer immunotherapy market will see strong growth over the forecast period. The approval of advance therapeutics is paradigm shifting in the field from conventional chemotherapies to immunotherapies. Increased R&D funding coupled with rising prevalence of cancer and continued commitment by government bodies and healthcare providers will propel demand and accentuate growth in the market. However, challenges in clinical trials, high costs and changes in reimbursement policies will restrain the market.
Asia Pacific is expected to experience the fastest growth as more multinational companies such as AstraZeneca, Merck and Co. and Pfizer invest in the region through mergers and acquisitions to retain their market share and thus diversify their product portfolio.’’
Leading companies featured in the report include Roche AstraZeneca, Merck & Co., Novartis, Adaxis Inc, Bristol-Myers Squibb (BMS), Bayer AG, Roche, Eli Lilly and Co. and Medtronic Plc.
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The market is expected to be driven by key factors such as rising cancer prevalence, government funding support in genetic research and technological advancements taking place in the biological research field. In addition, the market is predicted to gain huge traction in the developing countries.
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