Global Cancer Immunotherapy Market Set To Grow To $106.6bn By 2022

06 August 2018
Pharma

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
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Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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