Press release
Cancer Biological Therapy Market Astonishing Growth | ELI Lilly,F. Hoffmann-La Roche, GlaxoSmithKline, Incyte, Merck, Novartis,AbbVie, Amgen, Astellas, AstraZeneca, Bayer
Germany cancer biological therapy market was valued at USD 4.0 billion in 2017. Increasing prevalence of cancer in Germany will surge demand for cancer biologics therapy. High prevalence of cancer will propel demand for cancer biologics thereby, enhancing Germany cancer biologics industry growth.
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Cancer Biological Therapy Market will exceed USD 108 billion by 2024; as per a new research report. Growing geriatric population will drive cancer biological therapy industry growth during forecast timeframe. Elderly population in the age group of 50 years and above is more susceptible to cancer that escalates demand for cancer biologic therapies. Cancer biological therapy is utilized to boost immune system and has commendable specificity that helps in faster recovery. High preference for cancer biological therapy for treating geriatric population suffering from cancer will positively influence industry growth over forthcoming years.
Vaccines segment was valued at USD 2.0 billion in 2017 and is expected to have considerable revenue size over forthcoming years. Vaccines utilized in cancer treatment possess high efficiency and have ability to increase immunity by recognizing and destroying specific antigens. Moreover, vaccines also create immunogenic response that reduces risk of acquiring cancer again in future and are most effective in treatment of bladder, breast and cervical cancer. Aforementioned factors coupled with growing incidences of breast cancer in developing economies such as India will stimulate segmental growth.
Increasing R&D funding by government in various pharmaceutical, biopharmaceutical companies as well as research institutes involved in developing cancer drugs will foster cancer biologics market growth. Funds raised by governments in developed countries such as UK have facilitated cancer drug discovery process and has also enhanced operational capabilities of the companies and research centers involved in developing cancer biological therapy drugs and vaccines. Moreover, favorable government policies and regulatory framework facilitating drug discovery process will substantially augment cancer biologics industry growth. However, adverse effects of anti-cancer drug therapy may lower its preference and hamper business growth up to some extent.
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Some of the eminent industry players operating in cancer biological therapy industry includes AbbVie, Amgen, Astellas, AstraZeneca, Bayer, Celgene Corporation, Eisai, ELI Lilly and Company, F. Hoffmann-La Roche, GlaxoSmithKline, Incyte, Merck, Novartis, Otsuka, Pfizer, Sanofi, Seattle Genetics, Spectrum Pharmaceuticals and Takeda Pharmaceuticals. Key industry players implement several strategies such as mergers, acquisition, geographic expansions and new product launch that enables them to achieve sustainable profits. Receiving FDA approvals for newly developed drugs will also foster company?s revenue generation. For instance, in November 2018, Roche and Abbvie received FDA approval for Venclexta, a BCL-2 inhibitor effective in the treatment of leukemia. Venclexta is jointly commercialized by Abbvie and Genetech, a part of Roche Group in the U.S. and is sold solely by Abbvie outside of the U.S. Receiving approvals for new drugs will boost Abbvie?s as well as Roche?s profits.
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Cancer biological therapy industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
Chapter 3. Cancer Biological Therapy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing incidence of cancer worldwide
3.3.1.2. Growing geriatric population
3.3.1.3. Technological advancement in cancer biologics in developed countries
3.3.1.4. Increasing R&D funding coupled with favorable government policies
3.3.2. Industry pitfalls and challenges
3.3.2.1. High cost of treatment
3.3.2.2. Adverse effects of anti-cancer drug therapy
3.4. Growth potential analysis
3.4.1. By product
3.5. Porter's analysis
3.6. Competitive landscape, 2017
3.6.1. Strategy dashboard
3.7. PESTEL analysis
Chapter 4. Cancer Biological Therapy Market, By Product
4.1. Key segment trends
4.2. Monoclonal antibodies (MAB)
4.2.1. Market size, by region, 2013 - 2024
4.2.2. Naked MAB
4.2.2.1. Market size, by region, 2013 - 2024
4.2.3. Conjugated MAB
4.2.3.1. Market size, by region, 2013 - 2024
4.2.4. Bispecific MAB
4.2.4.1. Market size, by region, 2013 - 2024
4.3. Vaccines
4.3.1. Market size, by region, 2013 - 2024
4.3.2. Preventive vaccines
4.3.2.1. Market size, by region, 2013 - 2024
4.3.3. Therapeutic vaccines
4.3.3.1. Market size, by region, 2013 - 2024
4.4. Cancer growth blockers
4.4.1. Market size, by region, 2013 - 2024
4.4.2. Tyrosine kinase Inhibitors (TKI)
4.4.2.1. Market size, by region, 2013 - 2024
4.4.3. Proteasome Inhibitors (PI)
4.4.3.1. Market size, by region, 2013 - 2024
4.4.4. mTOR Inhibitors
4.4.4.1. Market size, by region, 2013 - 2024
4.5. Blood cell growth factors (BCGF)
4.5.1. Market size, by region, 2013 - 2024
4.5.2. Lenograstim
4.5.2.1. Market size, by region, 2013 - 2024
4.5.3. Filgrastim
4.5.3.1. Market size, by region, 2013 - 2024
4.6. Cytokines
4.6.1. Market size, by region, 2013 - 2024
4.6.2. Interferons
4.6.2.1. Market size, by region, 2013 - 2024
4.6.3. Interleukins
4.6.3.1. Market size, by region, 2013 - 2024
Chapter 5. Cancer Biological Therapy Market, By Region
Chapter 6. Company Profiles
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