The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: The Momentum of Growth

• The oncolytic virus therapy market has witnessed exponential growth recently.
• Expected to grow from $0.15 billion in 2023 to $0.19 billion in 2024 at a CAGR of 26.2%.

Understanding the Surge: Factors Driving Growth

• Improved genetic engineering techniques.
• Increased understanding of tumor microenvironment.
• Clinical successes and regulatory approvals.
• Rise of immunotherapy in cancer treatment.
• Advancements in gene delivery systems.

The Projected Growth: A Glimpse into the Future

• Anticipated growth to $0.44 billion in 2028 at a CAGR of 23.9%.
• Expansion of oncolytic virus platforms.
• Combination therapies with immune checkpoint inhibitors.
• Personalized medicine approaches.
• Expansion of the clinical trial landscape.
• Regulatory support and guidelines.

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 Major Trends: Shaping the Forecast Period

• Technological advances in delivery systems.
• Advancements in synthetic biology.
• Collaborations and partnerships in the biopharmaceutical industry.
• Advancements in virology and immunology.
• Focus on pediatric oncology.

Rising Cancer Prevalence Drives Growth In The Oncolytic Virus Therapy Market

• Cancer prevalence is increasing, driving market growth.
• Oncolytic virus therapy selectively targets and destroys cancer cells while stimulating an immune response.
• Major companies driving innovation include Pfizer Inc., Johnson & Johnson, Sorrento Therapeutics Inc., and others.

Innovation Redefines Oncolytic Virus Therapy For Primary Brain Cancer

• Product innovations are gaining popularity.
• Daiichi Sankyo Company Limited launched DELYTACT, the first oncolytic virus approved for primary brain cancer.
• Recipharm AB strengthens its portfolio with the acquisition of Vibalogics, expanding its manufacturing capabilities.

Market Segmentation: Understanding the Landscape

1. Therapy Type:
   • HSV-Based Oncolytic Virus Therapy.
   • Adenovirus-Based Oncolytic Virus Therapy.
   • Reovirus, Poxviruses, NDV (Newcastle Disease Virus), Other Therapy Types.
2. Virus Type:
   • Genetically Engineered Oncolytic Viruses.
   • Oncolytic Wild-Type Viruses.
3. Application:
   • Breast Cancer, Lung Cancer, Prostate Cancer, Melanoma, Brain Tumor, Blood Cancer.
4. End-User:
   • Hospitals, Specialty Clinics, Cancer Research Institutes.

North America Leads the Charge

• North America was the largest region in the oncolytic virus therapy market in 2023.
• Expected to be the fastest-growing region in the forecast period.

Conclusion: A Promising Future The oncolytic virus therapy market is poised for substantial growth, driven by technological advancements, expanding clinical landscapes, and a deepening understanding of cancer biology. With continuous innovation and strategic collaborations, the future holds immense potential for revolutionizing cancer treatment and improving patient outcomes.

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