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 vaccines market report forecasts the cancer vaccines market size to grow to $10.66 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

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

Cancer Vaccines Market Size Forecast

The global cancer vaccines market is expected to grow from $5.29 billion in 2022 to $6.2 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. 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 vaccines market is expected to grow from $10.66 billion in 2027 at a CAGR of 14.5%.

Key Cancer Vaccines Market Driver ­– Rise In The Number Of Cancer Cases Globally

For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rates globally is anticipated to boost demand for the cancer vaccine market over the coming years.

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Key Cancer Vaccines Market Trend – Increasingly Investing In Preventive Or Prophylactic Vaccines For Cancer Prevention

Prophylactic vaccines are designed to build immunity in a patient. A prophylactic or preventative vaccine involves introducing antigens into a person’s body. According to the World Health Organization, cervical cancer was reported as the second-most common cancer in women, with an estimation of 84% of new cases worldwide. So far, there are 3 HPV vaccines currently available for the prophylaxis of cancer. Two of these will protect against both HPV 16 and HPV 18, which cause 70% of cervical cancer, and the third vaccine prevents 3 more oncogenic HPV types, which further cause 20% of cervical cancers. These three vaccines include Gardasil and Gardasil 9 by Merck and Cervarix by GSK.

Cancer Vaccines Market Segment

1) By Type: Preventive Cancer Vaccines, Therapeutic Cancer Vaccines

2) By Technology: Dendritic Cells (DC) Cancer Vaccines, Recombinant Cancer Vaccines, Antigen/Adjuvant Cancer Vaccines, Whole Cell Cancer Vaccines, Viral Vector & DNA Cancer Vaccines

3) By Cancer Type: Prostate, Cervical, Colorectal, Throat, Other Cancer Types

4) By End-User: Cancer Treatment Centers, Research Institutes

Cancer Vaccines Market Major Players and Strategies

Major players in the cancer vaccines market are GlaxoSmithKline, Merck, Aduro Biotech, AstraZeneca PLC., Dendreon, Astellas Pharma Inc., Sanofi Pasteur, Sanpower Group, and CSL Limited.

In May 2020, Merck, a US-based pharmaceutical company, acquired Themis Bioscience for an undisclosed amount. The acquisition is expected to complement Merck’s capabilities in the development, manufacturing, and distribution of vaccines. Themis Bioscience is a pharmaceutical company that manufactures vaccines and immune-modulatory therapies developed using the measles virus vector platform, originally based on a vector.

The Cancer Vaccines Global Market Report 2023 covers regional data on cancer vaccines market size, cancer vaccines market trends and drivers, opportunities, strategies, and cancer vaccines market competitor analysis. The countries covered in the cancer vaccines 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 vaccines refer to cancer-treatment vaccinations and medications that aid the body in illness prevention and cancer treatment. They have the power to teach the immune system to recognise and eliminate dangerous microbes and cells.

View More Reports Related To The Cancer Vaccines Market –

Vaccines Global Market Report 2022

Cancer Tumor Profiling Global Market Report 2022

Cancer Immunotherapy Global Market Report 2022

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