Growth of Cancer Biological Therapy Market On Amgen Inc., Merck &Co., Inc., Bristol-Myers Squibb, GlaxoSmithKline Plc, F. Hoffmann-La Roche AG

Cancer Biological Therapy Market Driven by the exponential rate of residential and nonresidential building construction across myriad geographies, due to the economic revival of the developed countries and a worldwide rise in population, Cancer Biological Therapy Market is expected to register massive gains in the ensuing years.

Cancer Biological Therapy Market size is expected to reach USD 100 billion by 2023, U.S. cancer biological therapy market share was over 80% of the North American revenue in 2015 and is anticipated to grow owing to increased public funding for R&D and other government initiatives.

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Report Mainly focuses on the top Manufacturers in global market are given bellow

Novartis International AG, Amgen Inc., Merck &Co., Inc., Bristol-Myers Squibb, GlaxoSmithKline Plc, F. Hoffmann-La Roche AG, Eli Lilly, Seattle Genetics, Inc., Spectrum Pharmaceuticals, Inc., Celgene Corporation

Germany revenue was over USD 4 billion in 2015 and contributes largely to the Europe cancer biological therapy market size. Major drivers include favorable insurance and public reimbursement policies. For instance, about 90% of the German population is covered by ‘Statutory Health Insurance’ and only 10% of population by private insurance players.

Monoclonal Antibodies
Naked Monoclonal Antibodies, Conjugated Monoclonal Antibodies, Bi-Specific Monoclonal Antibodies

Vaccines
Preventive, Therapeutic

Cancer Growth Blockers
Tyrosine Kinase Inhibitors, Proteasome Inhibitors, mTOR Inhibitors

Blood Cell Growth Factors
Lenograstim, Filgrastim

Cytokines
Interferons, Interleukins

Rising incidence rates and increased adoption of biologic therapy will drive global cancer biological therapy market size. According to WHO estimates, the number of new cancer cases are projected to rise by 70% in the next two decades, largely due to increased consumption of alcohol and tobacco. It is estimated by the ACS that 180,890 prostate cancer and 246,660 breast cancer cases will be diagnosed in 2016 in the U.S.

Mounting global geriatric population is predicted to boost cancer biological therapy market size owing to correlation between new cases and old age. Elderly population is more prone to the disease and according to ACS, 86% of cases in the U.S. were recorded in individuals aged 50 and above. High associated cost attributed to the cost of drug development may act as a major bottleneck to growth. Millions of dollars are spent in identifying a potent drug, obtaining its preclinical data and carry out its clinical trials. Monopoly is yet another factor that contributes to higher cost. The emergence of new therapeutic classes with reduced adverse-effects, such as immuno-oncologics will change the industry landscape.

Cancer vaccines market was over USD 1.9 billion in 2015. Approval of the first vaccine sipuleucel-T (Provenge) for metastatic prostate cancer by the FDA will boost growth in the immunotherapy segment. Cancer growth blockers market was over USD 18 billion in 2015, and is expected to grow at 5.8% CAGR from 2016 to 2023. Tyrosine kinase inhibitors dominated revenue share among the growth blockers in 2015 and is expected to continue witnessing steady growth.

Monoclonal antibodies market size was over USD 21 billion in 2015. Antibody therapy has been the most successful and important approach for treatment of hematological malignancies and solid tumors. Bispecific monoclonal antibodies are anticipated to grow at 6.5% CAGR from 2016 to 2023.

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The above information is provided on a regional and country basis for the following:

• North America (U.S., Canada)
o Europe (Germany, UK, France, Spain, Italy)
o Asia Pacific (India, China, Japan)
o MEA (South Africa, Saudi Arabia)
o Latin America (Brazil, Mexico, Argentina)

China will drive Asia Pacific cancer biology therapy market share by providing favorable growth opportunities to players, which will motivate them to invest in R&D of biologic products. The favorable reimbursement plans will further accelerate growth.

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