As per current published report by Markntel Advisors the Cancer Immunotherapy Market is estimated to grow at a CAGR of around 13.22% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Key Driver: Increasing Frequency of Approvals Received by Novel Immunotherapies
Increasing acceptance of novel immunotherapies is expected to bode well for market expansion in the coming years. For instance, The U.S. FDA authorized a number of anti-PD-1/L1 antibodies between 2020 and 2022 for the treatment of NSCLC, renal cell carcinoma, melanoma, breast, prostate, and other malignancies. These antibodies include nivolumab, atezolizumab, avelumab, dostarlimab, and others. Therefore, the increased approval of immunotherapeutic drugs has fueled market development in the past few years.
The Cancer Immunotherapy Market has segmented the market into the following categories:
By Product Type
Monoclonal Antibodies, Immunomodulators, Oncolytic Viral Therapies and Cancer Vaccines, Checkpoint Inhibitors, Others,
By Cancer Type
Lung Cancer, Prostate Cancer, Breast Cancer, Ovarian Cancer, Pancreatic Cancer, Head and Neck Cancer, Melanoma, Colorectal Cancer,
By Mechanism of Actions
Active Immunotherapy, Passive Immunotherapy,
By End Users
Hospitals, Cancer Research Centers, Clinics
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By Region
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia-Pacific
Competitive Environment Featuring Key Players:
Amgen Inc., Astrazeneca, Bayer AG, Bristol-Myers Squibb, ELI Lilly and Company, Janssen Global Services LLC, Johnson and Johnson, Merck, Novartis, Pfizer, F., Hoffmann-La Roche Ltd.
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