Global Cancer Immunotherapy Market, By Product Type (Checkpoint Inhibitors, Monoclonal Antibodies, Vaccines, Cell Therapies, Immunomodulators and Oncolytic Virus), Application (Lung Cancer, Breast Cancer, Melanoma, Multiple Myeloma, Prostate Cancer, Ovarian Cancer, Cervical Cancer, Stomach Cancer, Colorectal Cancer, Head & Neck Cancer, and Others), End User (Hospitals, Oncology Clinics, Homecare, and Others), Form (Intravenous (IV), Intramuscular, and Oral), Distribution Channel (Direct Tenders, Retail Sales, and Pharmacies) - Industry Trends and Forecast to 2031.
Cancer Immunotherapy Market Analysis and Size
The rising global incidence of cancer, growing investments from pharmaceutical companies, biotech firms, and venture capital, and the increasing trend toward personalized medicine are some of the major factors driving the market growth. However, the market faces challenges such as immune-related adverse events and complexity of the immune system which is restraining the market growth.
Data Bridge Market Research analyzes that the global cancer immunotherapy market is growing with a CAGR of 14.5% in the forecast period of 2024 to 2031 and is expected to reach USD 231,338.41 million by 2031 from USD 83,575.21 million in 2023.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable 2016-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product Type (Checkpoint Inhibitors, Monoclonal Antibodies, Vaccines, Cell Therapies, Immunomodulators and Oncolytic Virus), Application (Lung Cancer, Breast Cancer, Melanoma, Multiple Myeloma, Prostate Cancer, Ovarian Cancer, Cervical Cancer, Stomach Cancer, Colorectal Cancer, Head & Neck Cancer, and Others), End User (Hospitals, Oncology Clinics, Homecare, and Others), Form (Intravenous (IV), Intramuscular, and Oral), Distribution Channel (Direct Tenders, Retail Sales, and Pharmacies)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, Italy, Spain, U.K., Switzerland, Netherlands, Russia, Turkey, Poland, Hungary, Lithuania, Austria, Ireland, Norway and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Philippines, Malaysia, Vietnam and Rest of Asia-Pacific, Brazil, Argentina, Peru and Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain and Rest of Middle East and Africa
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Market Players Covered
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Merck & Co., Inc., F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Janssen Pharmaceutical, AstraZeneca, Gilead Sciences, Inc., Lilly., Amgen Inc., Novartis AG, GSK plc., Pfizer Inc., Incyte., Celldex Therapeutics, Atara Biotherapeutics, Inc., Cellectis, AbbVie Inc., Bayer AG and among others
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Market Definition
Cancer immunotherapy, also known as immuno-oncology, is a form of treatment that harnesses the body's immune system to identify, target, and eliminate cancer cells. Unlike traditional cancer treatments, such as chemotherapy and radiation therapy, which directly target cancer cells, immunotherapy stimulates the body's immune system to recognize and attack cancer cells.
The global cancer immunotherapy market can be defined as the collective economic activities, products, and services related to the development, manufacturing, and distribution of immunotherapeutic drugs and treatments for cancer on a worldwide scale. This market encompasses a diverse range of immunotherapies designed to enhance the immune system's ability to recognize and combat cancer cells effectively.
Global Cancer Immunotherapy Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
- Rising Prevalence of Cancer Incidences
The expansion of the global cancer immunotherapy market is fueled by the rising worldwide occurrence of diverse cancers. This surge in cancer prevalence is a key factor driving the need for inventive and efficient treatment strategies. With cancer remaining a primary cause of global morbidity and mortality, encompassing various types such as lung, breast, colorectal, melanoma, and hematological malignancies, the demand for innovative solutions is paramount. This scenario underscores the significance of developing novel approaches to address the growing burden of cancer globally.
- Rising Technological Advancements
Continual technological advancements, encompassing gene editing, next-generation sequencing, and bioinformatics, play a central role in propelling the cancer immunotherapy field forward.
Gene editing tools such as CRISPR-Cas9 empower scientists to precisely modify genetic material, creating new possibilities for augmenting the therapeutic capabilities of immunotherapies. Next-generation sequencing enhances our ability to comprehensively analyze the genetic composition of tumors, facilitating the identification of specific genetic alterations that can be targeted by immunotherapeutic approaches. In addition, the utilization of bioinformatics, involving the scrutiny of extensive biological data, aids in discerning patterns and potential therapeutic targets. This, in turn, contributes to the development of tailored and more efficient immunotherapies.
Opportunity
- Growing Trend Towards Combination Therapies
An observable shift in cancer treatment is the growing focus on combination therapies, offering a compelling pathway for heightened effectiveness and broader application. This inclination involves delving into the development of synergistic strategies that amalgamate various immunotherapies or integrate immunotherapy with conventional treatments. The underlying principle of these combinations is to capitalize on the individual strengths of each therapeutic approach, crafting a more thorough and precisely targeted assault on cancer cells. The strategic blending of these treatments is designed to enhance the body's immune response, circumvent potential resistance mechanisms, and ultimately elevate the overall outcomes of cancer treatment.
Restraint/Challenge
- Increasing Occurrence of Immune-Related Adverse Events
The emergence of immune-related adverse events (irAEs) poses a significant concern within the domain of immunotherapy, presenting a substantial challenge in terms of their effective management. Since immunotherapeutic interventions function by activating the immune system, the inadvertent occurrence of side effects, termed irAEs, constitutes an inherent risk. These adverse events have the potential to impact diverse organs and systems throughout the body, necessitating vigilant monitoring and swift intervention. Effectively managing irAEs demands a nuanced approach, requiring healthcare professionals to delicately balance the optimization of therapeutic benefits derived from immunotherapy while simultaneously addressing the potential risks associated with these side effects.
Recent Developments
- In December 2023, Kadcyla by F. Hoffmann-La Roche Ltd marked a ground-breaking achievement of introducing the first targeted therapy to demonstrate a substantial overall survival benefit for individuals with HER2-positive early-stage breast cancer with residual invasive disease following neo - adjuvant treatment
- In December 2023, F. Hoffmann-La Roche Ltd reported favorable Phase III outcomes for the inavolisib combination in individuals with advanced hormone receptor-positive, HER2-negative breast cancer and a PIK3CA mutation. This contributed to Roche's recognition as one of the most sustainable pharmaceutical companies
- In February 2023, AstraZeneca received approval in the European Union (EU) for the tablet formulation of Calquence (acalabrutinib) in the treatment of Chronic Lymphocytic Leukaemia (CLL) in adult patients. This helped the company enhance its market presence and contribute to its revenue growth
- In October 2022, AstraZeneca's combination of Imjudo (tremelimumab) and Imfinzi (durvalumab) has gained US approval for treating unresectable hepatocellular carcinoma (HCC), the most prevalent type of liver cancer in adults. This approval may lead to increased market share, improved revenue streams, and further established AstraZeneca as a key player in the field of cancer therapeutics
- In May 2022, Bristol-Myers Squibb Company announced the approval of Opdivo plus Yervoy as a first line treatment for adult patients by Japan's Ministry of Health, Labour and Welfare. This helped the company strengthen its product portfolio
Global Cancer Immunotherapy Market Scope
The global cancer immunotherapy market is segmented into five notable segments based on product type, application, form, end user, and distribution channel.
Product Type
- Checkpoint Inhibitors
- Monoclonal Antibodies
- Vaccines
- Cell Therapies
- Immunomodulators
- Oncolytic Virus
On the basis of product type, the market is segmented into checkpoint inhibitors, monoclonal antibodies, vaccines, cell therapies, immunomodulators, and oncolytic virus.
Application
- Lung Cancer
- Breast Cancer
- Melanoma
- Multiple Myeloma
- Prostate Cancer
- Ovarian Cancer
- Cervical Cancer
- Stomach Cancer
- Colorectal Cancer
- Head & Neck Cancer
- Others
On the basis of application, the market is segmented into lung cancer, breast cancer, melanoma, multiple myeloma, prostate cancer, ovarian cancer, cervical cancer, stomach cancer, colorectal cancer, head & neck cancer, and others.
Form
- Intravenous (IV)
- Intramuscular
- Oral
On the basis of form, the market is segmented into intravenous (IV), intramuscular, and oral.
End User
- Hospitals
- Oncology Clinics
- Homecare
- Others
On the basis of end user, the market is segmented into hospitals, oncology clinics, homecare, and others.
Distribution Channel
- Direct Tenders
- Retail Sales
- Pharmacies
On the basis of distribution channel, the market is segmented into direct tenders, retail sales, and pharmacies.
Global Cancer Immunotherapy Market Regional Analysis/Insights
The global cancer immunotherapy market is analyzed, and market size insights and trends are provided by based on product type, application, form, end user, and distribution channel as referenced above.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, Italy, Spain, U.K., Switzerland, Netherlands, Russia, Turkey, Poland, Hungary, Lithuania, Austria, Ireland, Norway and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Philippines, Malaysia, Vietnam and Rest of Asia-Pacific, Brazil, Argentina, Peru and Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain and Rest of Middle East and Africa.
U.S. is expected to dominate in North America due to presence of leading pharmaceutical companies, academic institutions, research centers and availability of venture capital, private investment, and a well-established financial system. Germany is expected to dominate the market due to its world-class biopharmaceutical sector, robust research and innovation, strong emphasis on academic-industry collaborations, efficient regulatory environment, significant investment in R&D, and stringent intellectual property protection. China is expected to dominate the market due to its government support for innovation, a large and diverse patient population, strategic international collaborations, improving regulatory environment, and a focus on developing cost-effective therapies.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and global brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cancer Immunotherapy Market Share Analysis
The global cancer immunotherapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the global cancer immunotherapy market.
Some of the major players operating in the global cancer immunotherapy market are Merck & Co., Inc., F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Janssen Pharmaceutical, AstraZeneca, Gilead Sciences, Inc., Lilly., Amgen Inc., Novartis AG, GSK plc., Pfizer Inc., Incyte., Celldex Therapeutics, Atara Biotherapeutics, Inc., Cellectis, AbbVie Inc., Bayer AG and among others.
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