Global Cancer Vaccines Market Size, Share, Trends And Drivers 2023-2032
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
North America held the largest cancer vaccines market share.
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 cancer vaccines market is expected to grow from $10.66 billion in 2027 at a CAGR of 14.5%.
Major Driver In The Cancer Vaccines Market – Rise In The Number Of Cancer Cases Across The Globe
According to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the United States in January 2022, or around 1,670 deaths each day. Lung, prostate, bowel, and female breast cancer are the four most frequent kinds of cancer worldwide, accounting for 43 percent of all new cancer cases. Lung, prostate, bowel, and female breast cancer are the four most frequent kinds of cancer worldwide, accounting for 43% of all new cancer cases. As a result, the global increase in cancer incidence rates is expected to drive demand for cancer vaccines in the coming years.
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Key Cancer Vaccines Market Segments
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
Recent Cancer Vaccines Market Trend – Investing In Preventive Or Prophylactic Vaccines For Cancer Prevention
Cancer vaccine manufacturers are increasingly investing in preventative or prophylactic vaccinations for cancer prevention. Prophylactic vaccines are intended to boost a patient’s immunity. Antigens are introduced into a person’s body as part of a prophylactic or preventative vaccine. According to the World Health Organisation, cervical cancer is the second-most frequent malignancy in women, accounting for 84% of new occurrences globally. There are now three HPV vaccinations available for cancer prevention. Two of these will protect against both HPV 16 and HPV 18, which cause 70% of cervical cancers, while the third will protect against three more oncogenic HPV strains, which cause 20% of cervical cancers. Merck’s Gardasil and Gardasil 9 vaccinations, as well as GSK’s Cervarix, are among these three vaccines.
Cancer Vaccines Market Prominent Players
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.
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The Cancer Vaccines Global Market Report 2023 provides a comprehensive overview on the cancer vaccines market size, trends and drivers, opportunities, strategies, and companies 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 are cancer-treatment immunizations and drugs that help the body prevent disease and treat cancer. They have the ability to instruct the immune system to recognise and remove potentially harmful bacteria and cells.
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