Cancer biologics Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theCancer biologics Market?
The growing prevalence of chronic diseases is one of the primary factors influencing the expansion of the cancer biologics market. Chronic conditions, which persist over a long period, affect people’s health and often result in disabilities. Cancer is one of the most common chronic diseases, including types such as breast, lung, prostate, and colorectal cancer. A report from the Centers for Disease Control and Prevention (CDC) in February 2024 revealed that 42% of Americans have two or more chronic conditions, and 12% have five or more. This rising incidence of chronic diseases is expected to spur the growth of the cancer biologics market.
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How Will the Growth Rate of theCancer biologics Market Impact Industry Trends by 2034?
The cancer biologics market size has grown rapidly in recent years. It will grow from $106.2 billion in 2024 to $117.03 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth is attributed to the rising incidence of cancer, increasing awareness of biologics, improvements in treatment efficacy and safety, and the approval of new biologics.
The cancer biologics market is expected to grow at a solid pace, reaching $168.75 billion by 2029 at a CAGR of 9.6%. The growth is supported by expanding indications, combination therapies, real-world evidence, and the development of gene and cell therapies. Key trends will include advances in biotechnology, personalized cancer biologics, biobetters, biosimilars, patient support services, and companion diagnostics.
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Which Upcoming Market Trends and Innovations Are Set to Influence theCancer biologics Market’s Path Forward?
Companies in the cancer biologics market are working on predictive biomarkers that assist doctors in selecting personalized therapies. These biomarkers analyze cancer origins and help forecast treatment response, offering insights into early detection and cost-effective therapies, especially for biologics and gene therapies.
Who Are the Major Industry Players Accelerating Growth in theCancer 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.
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Which Primary Segments of the Cancer biologics Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theCancer biologics Market?# 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.
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