Cancer Immunotherapy Market 2019 Current Trends & Industry Analysis by Key Players like Pfizer Inc, Astrazeneca, F. Hoffmann-La Roche LTd
The Global Cancer Immunotherapy Market is expected to reach USD 202.89 Billion by 2025, from USD 70.63 billion in 2017 growing at a CAGR of 14.1% during the forecast period of 2018 to 2025. In September 2017 Merck receives the FDA accelerated approval for pembrolizumab for the treatment of advanced gastric cancer Biothera Pharmaceuticals announces the clinical trial collaboration with Genentech part of F.Hoffman La. Roche Ltd. The global cancer immunotherapy market size was valued at USD 40.7 billion in 2016.
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The global Cancer immunotherapy Market evokes the immune response against the cancerous cells. Immunotherapy acts by targeting CTLA-4 and PD-1/PD-L1 Pathway. It works either by slowing down the growth of cancer cells or boosts the immune system to destroy the cancerous cells or either it stops the cancer from spreading to other parts of the body. This global Cancer immunotherapy Market report defines the market trends and forecast the upcoming opportunities and threats of the cancer immunotherapy market in the next 8 years.
Major Market Drivers and Restraints:
New technologies and combination product availability is expected to drive the market in the forecast period.
Production of biosimilars and biobetters.
Rising cancer suffering population.
Increased investment in research and development of cancer immunotherapy.
Downward pricing pressure owing to its commodity nature.
The global cancer immunotherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cancer immunotherapy market for global, Europe, North America, Asia Pacific and South America.
Major competitors/ Company Profiles
Some of the major players operating in the global cancer immunotherapy market are Pfizer Inc, Astrazeneca, F. Hoffmann-La Roche LTd, Bayer AG, Amgen Inc, Novartis AG, Bristol Mayers Squibb, Johnson and Johnson, Merck KgaA, Eli Lilly, celgene Corp, Gilead , bluebird bio Inc, Celldex therapeutics, SillaJen Inc, IGNITE Immunotherapy, Westeren oncolytics ltd, PsiOxus Therapeutics, MultiVir, Vyriad, Oncolys BioPharma Inc, Cold genesys Inc, Sorrento Therapeutics Inc, Targovax, Lokon therapeutics, New-link genetics Corporation, Ziopharma oncology, Tessa therapeutics Pte Ltd, Atara biotherapeutics, Cellectis, Oryx, VCN Biosciences, Orca Therapeutics B.V, Daiichi Sankyo Co Ltd, Ascend laboratories LLC, Transgene SA, among others.
In 2011, Amgen Inc acquired biovex with USD 1 Billion which was into the oncolytic virus immunotherapy development.
In October 2016, Genetech subsidiary of Roche received the approval for atezolizumab for the treatment of non-small cell lung cancer.
In March 2017, Serono Inc received the FDA accelerated approval for avelumab for the treatment of metastatic merkell cell carcinoma.
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· Current and future of Global Cancer Immunotherapy Market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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