Cancer immunotherapy refers to a cancer treatment that improves the ability of the immune system to fight cancer. It offers long-term cancer protection and has fewer side effects. Cancer immunotherapy is widely utilized in treating several types of cancers, including melanoma, prostate cancer, breast cancer, colorectal cancer, head and neck cancer, lung cancer, etc. Cancer immunotherapy works by activating the immune system and triggering a response capable of destroying cancer cells. As such, it finds various applications in hospitals, cancer research centers, clinics, etc., across countries.Global Cancer Immunotherapy Industry Trends and Drivers:
The rising number of cancer patients is one of the primary factors propelling the cancer immunotherapy market. In line with this, the expanding healthcare sector is further augmenting the market growth.
Moreover, the growing utilization of monoclonal antibodies to treat various types of cancer by selectively attacking cancerous cells is acting as another significant growth-inducing factor. In addition to this, the increasing prevalence of multiple myeloma and melanoma is bolstering the demand for cancer immunotherapy.
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Furthermore, numerous key market players are sponsoring patient assistance programs that provide financial assistance to low-income individuals to cater to drug coverage, which is also positively influencing the global market.
Apart from this, continuous technological advancements in clinical therapies and the introduction of advanced treatment variants with improved efficacy are projected to stimulate the cancer immunotherapy market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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, and Seagen Inc.
The report has segmented the market on the basis of region, therapy type, application and end user.
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
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
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chai