Top Growth Trends in the Cancer Immunotherapy Market: Insights into Market Size and 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!
How Are Key Drivers Contributing to the Growth and Expansion of the Cancer Immunotherapy Market?
The surge in cancer incidence is projected to drive the cancer immunotherapy market. Elements such as tobacco use, alcohol, obesity, inactive lifestyle, and environmental factors are contributing to the rise in cancer cases worldwide. This increase is anticipated to escalate the demand for cancer immunotherapies as patients are progressively investing in treatments with higher recovery rates and less pain. For instance, as reported by the European Union Science Hub, a subsidiary of Belgium-based European Commission’s Joint Research Centre, in October 2023, new cancer cases rose by 2.3% in the preceding two years, totaling 2.74 million in 2022. In the same vein, cancer deaths surged by 2.4% in the past two years. Therefore, the surge in cancer incidence is likely to augment the demand for cancer immunotherapy during the forecast period.
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#What is the Anticipated CAGR of theCancer Immunotherapy Market, and What Factors Will Drive It?
The market size of cancer immunotherapy has seen exponential growth in recent years. The projection is that it will expand from $110.91 billion in 2024 to $125.68 billion in 2025, showing a compound annual growth rate (CAGR) of 13.3%. Several factors have contributed to this growth during the historic period, such as the rising incidence of cancer, a shift towards immunotherapy from traditional therapy, increased research and development activities aimed at specific diseases, heightened efficiency and precision of new therapies, and the emerging awareness of the constraints of conventional cancer treatments.
Anticipated to expand rapidly over the next several years, the cancer immunotherapy market is projected to reach a value of $194.64 billion in 2029, with a compound annual growth rate (CAGR) of 11.6%. This predicted growth during the forecast period can be linked to a rise in the approval of groundbreaking immunotherapies for cancer care, an increased demand for personalized medicine, surge in cancer diagnoses, more investments in clinical trials to pioneer advanced treatments, and a growing awareness about cancer immunotherapy. Key trends during this prediction period encompass the emergence of adoptive cell therapies, such as car-t cells, exploration of oncolytic viruses, the development of personalized cancer vaccines, the application of artificial intelligence in immunotherapy-based research, and an elevated focus on real-world evidence and patient outcomes when making treatment decisions.
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What New Market Trends Are Reshaping theCancer Immunotherapy Market and Its Opportunities?
The proliferation of cutting-edge technologies in cancer immunotherapy is a prominent trend gathering steam in the cancer immunotherapy market. A surge of fresh technologies and diverse therapies are aiding the immune system to detect and combat tumors, utilizing different therapies and technologies such as immuno-oncology, cryoablation, bone marrow transplant, and radiation therapy. These technologies are paving the way for significant breakthroughs in cancer treatment and cure. For example, in October 2022, the UK-based pharmaceutical and biotechnology firm, AstraZeneca plc, declared that it had obtained approval for its Capivasertib in partnership with Faslodex. This medicine is a cancer immunotherapeutic formulated for the treatment of breast cancer and shows efficacy after recurrence or progression post endocrine therapy in locally advanced or metastatic breast cancer with low or negative human epidermal growth factor receptor 2 (HER2).
Who Are the Leading Market Players Fueling Growth in the Cancer Immunotherapy Market Trend?
Major companies operating in the cancer immunotherapy market include Amgen Inc., AstraZeneca PLC, F. Hoffmann-La Roche Ltd, Bayer AG, Eli Lilly and Company, 3D Signatures Inc., Adaptive Biotechnologies Corp., Argos Therapeutics Inc., Bristol-Myers Squibb Company, Cell Medica Limited, Cellular Biomedicine Group Inc., Gilead Sciences Inc., Gradalis Inc., Immatics Biotechnologies GmbH, Iovance Biotherapeutics Inc., Juno Therapeutics LLC, Kura Oncology Inc., MacroGenics Inc., Merck & Co. Inc., Neon Therapeutics Inc., Neovii Biotech GmbH, Novartis International AG, Pfizer Inc., Pulse Biosciences Inc., Regeneron Pharmaceuticals Inc., Roche Holding AG, Targovax ASA, Tessa Therapeutics Pte Ltd., TILT Biotherapeutics Ltd., Turnstone Biologics Corp., Xencor Inc.
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How is the Global Cancer Immunotherapy Market Segemented?
The cancer immunotherapy market covered in this report is segmented –
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
Subsegments:
1) By Monoclonal Antibodies: Chimeric Monoclonal Antibodies, Humanized Monoclonal Antibodies, Fully Human Monoclonal Antibodies
2) By Checkpoint Inhibitors: PD-1 Inhibitors, PD-L1 Inhibitors, CTLA-4 Inhibitors
3) By Immunomodulators: Cytokines, Oncolytic Viruses, Toll-Like Receptor (TLR) Agonists
4) By Vaccines: Preventive Cancer Vaccines, Therapeutic Cancer Vaccines
5) By Cell Therapy: CAR T-Cell Therapy, TCR Therapy, Natural Killer (NK) Cell Therapy
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Which Geographics are Influencing the Growth of the Cancer Immunotherapy Market?
North America was the largest region in the cancer immunotherapy market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the cancer immunotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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