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Cancer Biological Therapy Market to grow significantly | Prominent Players are Novartis International AG, Amgen Inc, Merck & Co., Inc, Bristol-Myers Squibb, GlaxoSmithKline Plc
Cancer Biological Therapy Market
Increasing incidence of cancer will drive global cancer biological therapy market over the forecast period. Detection of disease in earlier stages, enhanced healthcare infrastructure, treatment effectiveness when used with other forms of tumor therapy and rising R&D spending by companies should fuel industry growth. Moreover, rising demand of synthetic genes for treatment of various disorders should increase therapy demand.
Monoclonal antibodies market will witness significant growth during the forecast period owing to highly customizable property to target some tumor, increasing research and growing awareness amongst people regarding monoclonal antibodies therapeutic benefits.
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Growth blockers market will grow at a substantial rate due to their ability to hinder the signal processes that tumor cells use to grow and act as barrier to stop the growth factors that activate the tumor cells multiply and grow. Blood cell growth factors will grow at a considerable rate owing to cost-effectiveness and low risk of infection during transfusion. However, inflated drug cost and adverse drug effects will hinder business growth.
U.S. cancer biological therapy market share accounted for largest regional revenue share due to increasing malignancy mortality and burden of disease on society will drive business growth.
UK cancer biological therapy market should grow at a substantial growth rate over the forecast period. Increasing geriatric population base and growing prevalence of chronic diseases, emerging treatments for lung malignancy and on-going clinical trials for the treatment of disease will boost the industry share.
China cancer biological therapy market will witness significant growth over forecast period due to low cost of clinical trials and high investments in biotechnology sector. Furthermore, improved healthcare infrastructure and various initiatives taken by the government for treatment of disease will boost the industry growth.
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Improved focus on innovation for growth and development will drive Argentina cancer biological therapy market. Furthermore, increasing tobacco consumption, growing elderly population, rising prevalence of tumor causing infections and mounting western lifestyles will fuel industry.
South Africa cancer biological market accounted for highest revenue share in the region owing to highest tumor prevalence, investments and spending on R&D by the manufacturers.
Key industry players include Amgen, F. Hoffmann-La Roche, Celgene, Eli Lilly, GlaxoSmithKline, Merck & Co., Bristol-Myers Squibb, Novartis, Seattle Genetics and Spectrum Pharmaceuticals. Industry participants are focusing on innovative products and R&D to discover novel drugs for tumor treatment to consolidate market share.
Cancer Biological Therapy Market Product Analysis (Revenue, USD Million, 2012 - 2023)
-Monoclonal antibodies
-Naked monoclonal antibodies
-Conjugated monoclonal antibodies
-Bispecific monoclonal antibodies
-Vaccines
-Preventive vaccines
-Therapeutic vaccines
-Cancer growth blockers
-Tyrosine kinase inhibitors
-Proteasome inhibitors
mTOR inhibitors
Blood cell growth factors
Lenograstim
Filgrastim
Cytokines
Interferons
Interleukins
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