The Global Cancer Immunotherapy Market to Upsurge at a Tremendous CAGR of ~12% by 2027 | DelveInsight

The cancer immunotherapy market is experiencing positive market growth due to factors such as rising cancer prevalence worldwide and increased exposure to carcinogenic substances, smoking, radiation, viruses, and others. Furthermore, rising healthcare costs and a growing preference for cancer immunotherapy over other treatment options will drive the cancer immunotherapy market

LAS VEGAS, March 2, 2023 /PRNewswire/ -- DelveInsight's Cancer Immunotherapy Market Insights report provides the current and forecast market analysis, individual leading cancer immunotherapy companies' market shares, challenges, cancer immunotherapy market drivers, barriers, and trends, and key cancer immunotherapy companies in the market.

Key Takeaways from the Cancer Immunotherapy Market Report

• As per DelveInsight estimates, North America is anticipated to dominate the global cancer immunotherapy market during the forecast period. 
• Notable cancer immunotherapy companies such as Amgen Inc., AstraZeneca, F. Hoffmann-La Roche Ltd, Bayer AG, Bristol-Myers Squibb, Eli Lilly and Co., Merck & Co., Inc., Novartis AG, Pfizer Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Dendreon Pharmaceuticals LLC., Fate Therapeutics, Precision BioSciences, IOVANCE Biotherapeutics, Inc., Spectrum Pharmaceuticals, Inc., Sanofi, Mylan N.V., Apotex Inc., Hikma Pharmaceuticals PLC, and several others are currently operating in the cancer immunotherapy market.
• In February 2023, AstraZeneca India received additional indication approval from the Central Drugs Standard Control Organization (CDSCO) for Durvalumab to treat biliary tract cancer (BTC) in India.
• In February 2023, Akamis Bio, a clinical-stage oncology company that uses its Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to improve the lives of cancer patients, announced an expansion of its ongoing partnership with the Parker Institute for Cancer Immunotherapy (PICI) to include a clinical collaboration with the Cancer Research Institute (CRI) that will focus on advancing novel treatments for pancreatic cancer.
• In February 2023, Jemperli received routine FDA approval for endometrial cancer. The full approval was based on long-term results from the Phase I GARNET trial, which showed that the drug had a 45.4% overall response rate.
• In January 2023, Pembrolizumab (Keytruda, Merck) was approved by the FDA as a single agent for adjuvant treatment after surgical resection and platinum-based chemotherapy for adults with stage IB (T2a 4 cm), II, or IIIA non-small cell lung cancer (NSCLC). Pembrolizumab is now the only immunotherapy approved for NSCLC in both adjuvant and metastatic settings, regardless of PD-L1 expression.
• In January 2023, Evaxion Biotech A/S, a clinical-stage biotechnology company specializing in the development of AI-driven immunotherapies, announced that the FDA had granted fast-track designation for the Company's personalized cancer therapy, EVX-01, in combination with KEYTRUDA®.
• In December 2022,  the U.S. Food and Drug Administration (FDA) approved mosunetuzumab (Lunsumio) for the treatment of adults with advanced follicular lymphoma. This is the first bispecific antibody, a type of immunotherapy, that has been approved for the treatment of all types of non-Hodgkin lymphoma.
• In November 2022, Immunitas Therapeutics, a clinical-stage precision immunotherapy company dedicated to discovering and developing novel, differentiated therapeutics for cancer patients, presented preclinical data on lead program IMT-009, a fully human monoclonal antibody against a novel immuno-oncology target CD161, at the Society for Immunotherapy of Cancer (SITC) 37th Annual Meeting, which held both virtually and in Boston from November 8-12, 2022.
• In November 2022, ENB Therapeutics, Inc., a biotechnology company pioneering a new and distinct class of endothelin B receptor (ETBR) inhibitor therapeutics, announced that it will present a scientific poster on ENB-003 at the 2022 Summit for Cancer Immunotherapy in Montreal, Quebec, November 19-21, 2022.

To read more about the latest highlights related to the cancer immunotherapy market, get a snapshot of the key highlights entailed in the Global Cancer Immunotherapy Market Report

Cancer Immunotherapy Overview

Immunotherapy is a type of cancer treatment. It employs substances produced by the body or in a laboratory to boost the immune system and assist the body in locating and destroying cancer cells. Immunotherapy has the potential to treat a wide range of cancers. It can be used alone or in conjunction with chemotherapy and other cancer treatments. Different types of immunotherapy work in different ways. Some immunotherapy treatments help the immune system stop or slow the growth of cancer cells. Others aid the immune system in destroying cancer cells or preventing cancer from spreading to other body parts.

Cancer Immunotherapy Market Insights

North America dominated the global cancer immunotherapy in 2021, and it is expected to continue to do so during the forecast period (2022–2027). This can be attributed to the increasing prevalence of cancers, increased exposure to carcinogenic substances, smoking, radiation, viruses, and the presence of key market players in the region, all of which act as supportive factors for the growth of the North American cancer immunotherapy market. In addition, the rise in product launches in the region is boosting the growth of the cancer immunotherapy market. For instance, in January 2023, Pembrolizumab (Keytruda, Merck) was approved by the FDA as a single agent for adjuvant treatment after surgical resection and platinum-based chemotherapy for adults with stage IB (T2a 4 cm), II, or IIIA non-small cell lung cancer (NSCLC). Pembrolizumab is now the only immunotherapy approved for NSCLC in both adjuvant and metastatic settings, regardless of PD-L1 expression.

To know more about why North America is leading the market growth in the cancer immunotherapy market, get a snapshot of the Cancer Immunotherapy Market Outlook 

Cancer Immunotherapy Market Dynamics

The rising prevalence of cancers globally is one of the key factors driving the cancer immunotherapy market. Furthermore, smoking, radiation exposure, and chemical exposure have all been linked to an increased risk of cancer. Infections with Epstein-Barr virus, HIV, and human T-cell lymphoma/leukemia virus, for example, are risk factors for lymphomas and leukemia. As a result, increased exposure to any of the factors listed above will increase the number of cases of blood cancer. Similarly, the aforementioned factors can increase the risk of any type of cancer, ultimately increasing cancer prevalence and, as a result, increasing the demand for cancer immunotherapy in the coming years. Moreover, an increase in cancer immunotherapy awareness programs is expected to help the cancer immunotherapy market gain traction during the forecast period.

However, high treatment costs, adverse effects of immunotherapy treatment, and other factors may pose challenges to the growth of the cancer immunotherapy market.

Additionally, the COVID-19 pandemic has had a minor impact on the cancer immunotherapy market. The pandemic's outbreak resulted in the cancellation of outpatient visits and the suspension of non-emergency hospitals and procedures for chronic diseases such as cancer, diabetes, cardiovascular disease, and others. As a result, the number of patients seeking routine cancer and other disorders mentioned above has decreased. However, the development of COVID-19 vaccine has resulted in the process of economic recovery, with the easing of lockdown restrictions and the return of normalcy in the economic landscape, which has initiated the process of resumption of regular healthcare services such as outpatient visits, bringing the demand for products in the cancer immunotherapy market back on track.

Get a sneak peek at the cancer immunotherapy market dynamics @ Cancer Immunotherapy Market Dynamics Analysis

Report Metrics	Details
Coverage	Global
Study Period	2019–2027
Base Year	2021
Cancer Immunotherapy Market CAGR	~12%
Projected Cancer Immunotherapy Market Size by 2027	USD 162.87 Billion
Key Cancer Immunotherapy Companies	Amgen Inc., AstraZeneca, F. Hoffmann-La Roche Ltd, Bayer AG, Bristol-Myers Squibb, Eli Lilly and Co., Merck & Co., Inc., Novartis AG, Pfizer Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Dendreon Pharmaceuticals LLC., Fate Therapeutics, Precision BioSciences, IOVANCE Biotherapeutics, Inc., Spectrum Pharmaceuticals, Inc., Sanofi, Mylan N.V., Apotex Inc., Hikma Pharmaceuticals PLC, among others

 

Cancer Immunotherapy Market Assessment

• Cancer Immunotherapy Market Segmentation
• Market Segmentation By  Type: Monoclonal Antibodies, Immunomodulators, Cancer Vaccines, Checkpoint Inhibitors, and Others
• Market Segmentation By  Indication: Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer, and Others
• Market Segmentation By  End User: Hospitals And Clinics, Specialty Centers, and Others
• Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

Which MedTech key players in the cancer immunotherapy market are set to emerge as the trendsetter explore @ Cancer Immunotherapy Companies 

Table of Contents 

1	Report Introduction
2	Executive summary
3	Regulatory and Patent Analysis
4	Key Factors Analysis
5	Porter's Five Forces Analysis
6	COVID-19 Impact Analysis on Cancer Immunotherapy Market
7	Cancer Immunotherapy Market Layout
8	Global Company Share Analysis – Key 3-5 Companies
9	Cancer Immunotherapy Market Company and Product Profiles
10	Project Approach
11	About DelveInsight

 

Interested in knowing the cancer immunotherapy market by 2027? Click to get a snapshot of the Cancer Immunotherapy Market Trends

Related Reports

Cancer Therapy Market

Cancer Therapy Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key cancer therapy companies, including GlaxoSmithKline, Eli Lilly & Company, F. Hoffmann-La Roche Ltd, AbbVie Inc., Amgen Inc, Sanofi, among others.

Intratumoral Cancer Therapies Market

Intratumoral Cancer Therapies Market Insight, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of market trends, market drivers, market barriers, along with emerging drugs and key intratumoral cancer therapies companies, including  Daiichi Sankyo, Amgen, Idera Pharmaceuticals, Philogen, among others.

Oncology Drugs Market

Oncology Drugs Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key oncology drugs companies, including GlaxoSmithKline, Eli Lilly & Company, F. Hoffmann-La Roche Ltd, among others.

Intratumoral Cancer Therapies Market

Intratumoral Cancer Therapies Market Insight, Epidemiology, and Market Forecast – 2032 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key intratumoral cancer therapies companies, including Daiichi Sankyo, Amgen, Idera Pharmaceuticals, among others.

Liquid Biopsy in Cancer Diagnostics Market

Liquid Biopsy in Cancer Diagnostics Market Insight, Competitive Landscape, and Market Forecast – 2027 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key liquid biopsy in cancer diagnostics companies, including Myriad Genetics Inc, Exact Sciences Corporation, Biocartis, Sysmex Corporation, among others. 

Other Trending Reports

Tay-sachs Disease Or Gm2 Gangliosidosis Market | Onycholysis Market | Diagnostic Imaging Equipment Market | Chemotherapy-induced Peripheral Neuropathy Market | Global Electrophysiology Devices Market | Anaphylaxis Market | Atherectomy Devices Market | Helicobacter Pylori Infections Market | Ophthalmic Imaging Equipment Market | Androgenetic Alopecia Market | Allergic Rhinitis Market | Chronic Inflammatory Demyelinating Polyneuropathy Market | Chronic Inflammtory Demyelinating Polyneuropathy Market | Colorectal Cancer Crc Market | Opioid Induced Constipation Market | Vertigo Market | Bone Anchored Hearing Systems Market | Wound Closure Devices Market | Hip Replacement Devices Market | Hemodynamic Monitoring Systems Market | Egfr Non-small Cell Lung Cancer Market | Helicobacter Pylori Infection Market | Hyperkalemia Market | Polycythemia Market Neurostimulation Devices Market | Carpal Tunnel Syndrome Market | Ventilator Market | Cerebral Aneurysm Market | Alpha Antitrypsin Market | Binge Eating Disorder Market | Bunion Market | Concussions Market Size | Exocrine Pancreatic Insufficiency Market | Healthcare Due Diligence Services | Minimal Residual Disease Market | Hypertrophic Scar Market | Lung Fibrosis Market | Anterior Uveitis Market | 22q11.2 deletion syndrome Market | X-Linked Retinitis Pigmentosa (XLRP) Market | Acute Radiation Syndrome Market | Alpha-1 Protease Inhibitor Deficiency Market | Androgenetic Alopecia Market | Hyperlipidemia Market | Cardiotoxicity Market | Hypertrophic Cardiomyopathy Market | Fatty Acid Oxidation Disorders (FAODs) Market | Androgen Insensitivity Syndrome Market | Emphysema Market | Canaloplasty Market | Dravet Syndrome Market | Celiac Disease Market | Chlamydia Infections Market | Syphilis Market | Renal Tubular Acidosis Market | Palmoplantar Pustulosis (PPP) Market | Aplastic Anemia Market | Bacterial Pneumonia Market | B cell Chronic Lymphocytic Leukemia Market | B cell Lymphomas Market | Behcets Disease Market Neoantigen-based Personalized Cancer therapeutic Vaccines Competitive Landscape and Market Forecast—by 2035 | Glioblastoma Market

Related Healthcare Blogs

Upcoming Oncological Drugs in 2022

Metastatic Castration-Sensitive Prostate Cancer Treatment Market

Checkpoint Inhibitor Refractory Cancer Market

Promising Oncolytic Virues Candidates in Pipeline

ENHERTU's Journey in Cancer Treatment and Management

Potential of PD-1 and PD-L1 Inhibitors in Cancer Management

Evolving EGFR NSCLC Treatment Market Dynamics

Emerging Role of Digital Health in the Field of Oncology

Related Cases Studies

Competitive Intelligence

Market Assessment

Product Assessment

Epidemiology Assessment

Related Healthcare Services

Healthcare Consulting

Healthcare Competitive Intelligence Services

Healthcare Asset Prioritization Services

About DelveInsight

DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance. Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.

Connect with us on LinkedIn|Facebook|Twitter

Additionally, get in touch with our business executive to explore @ Healthcare Due Diligence Services 

Contact Us
Shruti Thakur 
info@delveinsight.com 
+1(919)321-6187
https://www.delveinsight.com/medical-devices

Logo: https://mma.prnewswire.com/media/1082265/DelveInsight_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/the-global-cancer-immunotherapy-market-to-upsurge-at-a-tremendous-cagr-of-12-by-2027--delveinsight-301760551.html

SOURCE DelveInsight Business Research LLP