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What CAGR is Anticipated for the Cancer biologics Market During the Forecast Period, and Why?

In the last few years, there has been a substantial expansion in the size of the cancer biologics market. It is anticipated to grow from $106.2 billion in 2024 to $117.03 billion in 2025, seeing a compound annual growth rate (CAGR) of 10.2%. Factors such as a rise in the occurrence of cancer, heightened awareness surrounding cancer biologics, enhanced efficacy and safety, approval of new cancer biologic treatments, and a growing preference towards combination therapy have contributed to historical growth patterns.

Over the coming years, the cancer biologics market is projected to experience significant expansion, reaching a value of $168.75 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. This anticipated growth during the forecast period is largely due to factors such as the broadening of indications, the introduction of combination therapies, the use of real-world evidence, and the development of gene and cell therapies. The period is also expected to showcase predominant trends such as the progress in biotechnology, individualized cancer biologics, biobetters, biosimilars, enhancements in patient support services, and the rise in companion diagnostics.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Cancer biologics Market?

The escalating occurrence of chronic ailments is a prominent factor contributing to the growth of the cancer biologics market. Chronic diseases are enduring health conditions that compromise the wellbeing of disabled individuals, and cancer sits amongst the most prevalent chronic ailments. Top chronic diseases include breast cancer, lung and bronchus cancer, prostate cancer, colon and rectum cancer, melanoma of the skin, bladder cancer, non-Hodgkin lymphoma, kidney and renal pelvis cancer, endometrial cancer, leukemia, pancreatic cancer, thyroid cancer, and liver cancer. For example, data released by the Centers for Disease Control and Prevention (CDC), an American public health institution, in February 2024 indicated an upward trend in Americans coping with multiple chronic diseases, with 42% managing at least two, and 12% handling five or more. Hence, the increasing incidence of chronic diseases is predicted to propel the cancer biologics market expansion in the ensuing years.

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Which Companies Are Poised to Shape the Future of the Cancer biologics Market?

Major companies operating in the cancer biologics market include AbbVie Inc., F. Hoffmann-La Roche AG, GlaxoSmithKline plc, Eli Lilly and Company, AmgenInc., Bristol-Myers Squibb Company, Johnson & Johnson, Merck & Co.Inc., Novartis AG, Pfizer Inc., Celgene Corporation, Daiichi Sankyo Company Ltd., Seagen Inc., Takeda Pharmaceutical Company Limited, Biogen Inc., Vertex Pharmaceuticals Incorporated, Incyte Corporation, Karyopharm Therapeutics Inc., Kyowa Kirin Co Ltd., Ipsen Biopharmaceuticals Inc., Bayer AG, Biocon Limited, Genentech Inc., Gilead Sciences Inc., Puma Biotechnology, Regeneron Pharmaceuticals Inc.

What Are the Latest Trends Leading to Disruption in the Cancer biologics Market?

Firms operating in the cancer biologics sector are advancing predictive biomarkers used by doctors to determine patient treatment plans, by leveraging physiological biomarkers for performance forecasting. Predictive biomarkers investigate tumor advancement in patients by examining the key causal factors, given that each patient’s cancer etiology varies. Importantly, these biomarkers contribute not only to the early identification of cancer, but also assist in choosing the most cost-beneficial treatment strategies, particularly for biologics derived from gene therapy.

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What Major Market Segments Define the Scope and Growth of the Cancer biologics Market?

The cancer biologics market covered in this report is segmented –

1) By Type: Monoclonal Antibodies, Vaccines, Cell And Gene Therapy, Other Types

2) By Application: Non-small Cell Lung Cancer, Prostate Cancer, Breast Cancer, Acute Myeloid Leukemia, Lymphoma, Multiple Myeloma, Ovarian Cancer, Colorectal Cancer, Gastric Cancers, Other Applications

3) By Distribution Channel: Hospitals, Clinics, Other Distribution Channels

Subsegments:

1) By Monoclonal Antibodies: Naked Monoclonal Antibodies, Conjugated Monoclonal Antibodies, Bispecific Monoclonal Antibodies

2) By Vaccines: Therapeutic Cancer Vaccines, Preventive Cancer Vaccines

3) By Cell And Gene Therapy: CAR T-Cell Therapy, Tumor-Infiltrating Lymphocytes (TIL) Therapy, Oncolytic Virus Therapy

4) By Other Types: Cytokines, Growth Factors, Fusion Proteins

What Regions Are Contributing Significantly to the Growth of the Cancer biologics Market?

The countries covered in the cancer biologics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

How Is the Scope and Reach of the Cancer biologics Market Defined?

Cancer biologics refer to a substance used in the prevention, detection, or treatment of cancer and other disorders that are created from a living creature or its byproducts. Immunoglobulins, interleukins, and vaccinations are examples of biologic agents. A form of cancer treatment known as biological therapy employs the body’s immune system to eradicate cancer cells.

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