Cancer Vaccines Market Size, Trends, Share, Report 2022-28

The global cancer vaccines market size was valued at USD 4.5 billion in 2021 and is poised to grow at a significant CAGR of 14.1% during the forecast period 2022-28. Cancer is a malignant tumor brought on by the body's unchecked expansion of aberrant cells. It can be treated by using a variety of drugs and vaccinations. Vaccines fall largely into the categories of preventative and therapeutic among these. Therapeutic cancer vaccines help to activate the individual's adaptive immune systems by employing tumor antigens, whilst preventive cancer vaccines are used to prevent and treat cancer caused by oncovirus and human papillomavirus (HPV). Currently, there are numerous types of commercially available cancer vaccines, including antigen, dendritic cell, and anti-idiotype vaccines.

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Cancer Vaccines Market Growth Factors:
Technology advancements have led to the creation of effective cancer vaccines, which has resulted in the enormous rise of the global market for cancer vaccines. Another factor that has a beneficial impact on market growth is the rising incidence of cancer worldwide. In addition, government support and significant expenditures have sped up market expansion. However, the high cost of vaccinations and the lengthy drug development cycles are key issues limiting the market's growth. Growing public knowledge of the availability of personalized cancer vaccines and the increased number of people getting cancer could be two main factors driving the market for personalized cancer vaccines to grow. Additionally encouraging the market's growth are rising personal income and spending on the construction of health care infrastructure.
Rising research and development efforts by biotechnology and pharmaceutical companies for the creation of novel treatments and medicines might also result in lucrative market expansion opportunities. The expansion of the market price will be fueled by an increase in the strategic cooperation of the major firms.

Cancer Vaccines Market Segmentation:
1) By Vaccine Type: Dendritic Cells (DC) Cancer Vaccines, Recombinant Cancer Vaccines, Antigen/Adjuvant Cancer Vaccines, Viral Vector & DNA Cancer Vaccines.
2) Indication: Prostate Cancer, Cervical Cancer, Others.
3) Application: Preventive Vaccine, Therapeutic Vaccine.

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Cancer Vaccines Market Regional Analysis:
Due to the rising adoption of cancer vaccines, the rise in the number of cancer patients in emerging economies, the development of the R&D sector, the rise in healthcare reforms, and technological advancements in cancer vaccines, Asia-Pacific offers lucrative opportunities for key players operating in the cancer vaccines market. Additionally, a high population base, rising hospital & diagnostic center numbers, increased financing from government and non-government sectors to create novel cancer vaccines, and an increase in the demand for cancer vaccines all contribute to the market's expansion.

Major players working in the Cancer Vaccines Market are Anixa Biosciences Inc., Dynavax Technologies Corporation, Vaccinogen, Inc., Astrazeneca plc, Moderna Inc., Vaccitech Limited, F Hoffmann-La Roche AG, GlaxoSmithKline PLC, Sanofi SA, Dendreon Pharmaceuticals LLC

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