The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s cancer immunotherapy market report forecasts the cancer immunotherapy market size to grow to $154.42 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

Learn More On The Cancer Immunotherapy Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cancer-immunotherapy-global-market-report

Cancer Immunotherapy Market Size Forecast
The global cancer immunotherapy market is expected to grow from $84.98 billion in 2022 to $95.85 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cancer immunotherapy market size is expected to grow to $154.42 billion in 2027 at a CAGR of 12.7%.

North America held the largest cancer immunotherapy market share and was the fastest-growing region in 2022.

Key Cancer Immunotherapy Market Driver ­– Increase In The Cancer Incidence
For instance, according to the report published by National Cancer Institute (USA), in 2020, cancer was among the leading causes of death worldwide, with an estimated 1,806,590 new cases and 606,520 deaths due to cancer in the United States. By 2040, the number of cancer cases per year is expected to be 29.5 million, with 16.4 million cancer-related deaths. Therefore, the increase in cancer incidence is expected to boost demand for cancer immunotherapy during forecast period.

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Key Cancer Immunotherapy Market Trend – Advancing Technologies Used In Cancer Immunotherapy
There has been a surge of new technologies and various therapies to help the immune system identify and attack tumors using different therapies and technologies such as immuno-oncology, cryoablation, bone marrow transplant, and radiation therapy. These technologies can make a significant difference in cancer treatment and cure. For instance, in October 2022, AstraZeneca plc, a UK-based pharmaceutical and biotechnology company, announced that it had received approval for its Capivasertib in combination with Faslodex. This drug is a cancer immunotherapeutic developed for the treatment of breast cancer and is effective in following recurrence or advancement on or after endocrine therapy in locally progressed or metastatic breast cancer with low or negative human epidermal growth factor receptor 2 (HER2).

Cancer Immunotherapy Market Segment
1) By Product: Monoclonal Antibodies, Checkpoint Inhibitors, Immunomodulators, Vaccines, Cell Therapy
2) By Application: Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Multiple Myeloma
3) By End User: Hospitals, Cancer Research Centers, Clinics

Cancer Immunotherapy Market Major Players and Strategies
Major players in the cancer immunotherapy market are Amgen, AstraZeneca, F. Hoffman La-Roche, Bayer AG, Eli Lilly and Company, Pfizer Inc., Merck KGAA, Novartis AG., GlaxoSmithKline PLC, Janssen Global Services, OSE Immunotherapeutics, Celgene Corporation, Seattle Genetics Inc., AMAL Therapeutics, and Bluebird bio.

In August 2021, Bayer AG, a Germany-based pharmaceutical and biotechnology company, acquired Vividion Therapeutics, Inc., for an amount of $1.5 billion. With this acquisition, Bayer increases its drug discovery and research expertise, develops new modalities, new chemoproteomic screening technology, a data portal, and a chemistry library in cancer immunotherapeutics. Vividion Therapeutics, Inc., is a US-based biotechnology company specializing in cutting-edge discovery tools so that cancer and immunological illnesses like cancer can be treated precisely while also gaining access to high-value targets that have previously been unreachable.

The Cancer Immunotherapy Global Market Report 2023 covers regional data on cancer immunotherapy market size, cancer immunotherapy market trends and drivers, opportunities, strategies, and cancer immunotherapy market competitor analysis. The countries covered in the cancer immunotherapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cancer immunotherapy refers to a type of cancer therapy that strengthens your body’s defences against the disease. Your body’s immune system aids in the defence against infections and other disorders. White blood cells, organs, and lymphatic system tissues make up this substance. Cancer immunotherapy comes in various forms, such as cytokines and vaccines, adoptive cell therapies, oncolytic viruses, tumor-infecting viruses, and others.

View More Reports Related To The Cancer Immunotherapy Market –
Cancer Biologics Global Market Report 2023
Cancer Diagnostics Global Market Report 2023
Cancer Monoclonal Antibodies Global Market Report 2023

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