Oncolytic Virus Therapy Market Size, Latest Rising Trend & Forecast to 2027 - Lead by Amgen, Transgene, Oncolys BioPharma, Vyriad, Genelux and Lokon Pharma AB

The report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

An oncolytic virus is a unique virus that favorably infects and kills cancer cells. These are deployed as a part of cancer immunotherapy and act by selectively targeting cancer cells and carrying out oncolysis. The oncolytic virus is known to kill the cancer cells directly and stimulate the patient's own anti-tumor immune responses. The first oncolytic virus immunotherapy was approved in Latvia in 2004 for the treatment of skin melanoma. Inevitable changes in the environment occurring due to human activity are giving rise to various factors leading to an increase in the incidence of numerous cutaneous malignancies, including non-melanoma skin cancer.

The conventional radiation and chemotherapy for the treatment of various cancers, including skin melanomas, have a restricted therapeutic index and an array of therapy related side effects. The first US FDA approved oncolytic herpes virus (a modified herpes simplex virus) is the drug talimogene laherparepvec (OncoVex, T-VEC), approved in 2015 for the treatment of advanced inoperable melanoma.

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The increasing incidence rate of cancers and rise in adoption of advanced treatment options will spur the demand of the oncolytic virus market. However, treatment-related off-target effects, side effects, and drug resistance may restraint the growth of the market in the forecasted period. Additionally, huge investment in research and development and rising geriatric population and changing lifestyle in developing economies will boost the growth of the market in the forecasted period.

Top Dominating Key Players:

1. Amgen Inc
2. Oncolytics Biotech, Inc.
3. Merck & Co., Inc.
4. Transgene
5. Oncolys BioPharma Inc.
6. Targovax ASA
7. Vyriad Inc.
8. Genelux Corporation
9. Sorrento Therapeutics, Inc.
10. Lokon Pharma AB

Market Segmentation :

The global oncolytic virus market is segmented on the product type, application and end-users. Based on product type, the global oncolytic virus market is segmented into HSV-based oncolytic viruses, Adenoviruses-based oncolytic viruses, Vaccinia virus-based oncolytic viruses, Vesicular Stomatitis virus-based oncolytic viruses, and Newcastle disease virus-based oncolytic viruses. Based on application, the global oncolytic virus market is segmented into breast cancer, lung cancer, prostate cancer, melanoma, brain tumor, blood cancer, and others. Based on the end-users, the oncolytic virus market is segmented hospitals, specialty clinics, and cancer research institutes.

Key questions answered in the report include

What will the market size and the growth rate be in 2027?
What are the key factors driving the global Oncolytic Virus Therapy market?
What are the key market trends impacting the growth of the Oncolytic Virus Therapy market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global Oncolytic Virus Therapy market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the Oncolytic Virus Therapy market?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Oncolytic Virus Therapy Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Oncolytic Virus Therapy Market segments and regions.

Scope of the study:

The research on the Oncolytic Virus Therapy Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Oncolytic Virus Therapy Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

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