Cancer Immunotherapy Market to witness considerable growth between 2018 to 2024

The report defines global immunotherapy market as the cancer treatment that uses patient’s own immune system to help fight cancer. This Immunotherapy is the treatment that involves with broad classes of drugs used to help the immune system to fight against the cancer cells. Immunotherapy may work by stopping the cancer cells to grow to the other parts of the body and helping the immune system by destroying the cancer cells. The use of immunotherapy cancer treatment has many advantages for instance in skin cancer treatment, radiation or chemotherapy is not as effective as immunotherapy treatment.

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The growing prevalence of cancer across the world is the key factor that drives the growth of the cancer drug market. According to WHO, Globally, 9.6 million cancer patient deaths were recorded in 2018 and it is a second leading cause of death. The several factors such as the growing ageing population, rapidly changing lifestyles, bacterial infections, eating and drinking habits and others are responsible for the increasing cancer burden worldwide. In addition availability of

Segment by Therapeutic Area

Global Cancer Immunotherapy Market by Therapeutic Area is segmented as Lung Cancer, Melanoma, Breast Cancer, Colorectal Cancer, Blood Cancer, Prostate Cancer and others.  Among these types of Lung therapeutic area holds maximum shares in the cancer immunotherapy market. Female breast, and colorectum along with lung cancer are the major types of cancer that are responsible for one-third of the cancer incidence and mortality burden worldwide. In addition, rapidly rising tobacco consumption habits among teenagers is accountable for the rising prevalence of lung cancer.

Regional Analysis

The global cancer immunotherapy market covers North America, Europe, Asia-Pacific, and Rest of the World geographies in the scope of the report. North America has dominated the cancer immunotherapy market followed by Europe in 2017. In addition, Asia Pacific is estimated to the fastest growing region in the global cancer market. According to the National Cancer Institute (NCI), 1,735,350 new cases of cancer will be diagnosed in the United States in 2018.

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The growing prevalence of cancer, favorable health insurance policies and developed healthcare infrastructure are driving the growth of this market in the North America Region. Moreover, Asia Pacific is the fastest growing region in cancer immunotherapy market owing to the growing awareness about cancer treatment drugs, ongoing developments in the immunotherapy drugs and a Growing aging population.

Competitive Landscape

The report provides profiles of the companies in the global cancer immunotherapy market such as Glaxosmithkline Plc, F.Hoffmann-La Roche Ltd., Eli Lilly and Company, Pfizer, Inc., Bristol-Myers Squibb Company, AstraZenca Plc, Amgen, Inc., Novartis AG, Merck & Co., Inc., and Others

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