Analyzing Growth Prospects: Global Cancer Immunotherapy Market to Grow at a CAGR of 11.63% by 2028, DelveInsight Estimates | Novartis AG, Pfizer Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Dendreon Pharma

As per DelveInsight's assessment, the Cancer Immunotherapy Market is expected to grow at an immense pace in the coming years owing to the The increasing prevalence of pandemic such as COVID-19, Pre- and post-operation and some few of the other applications where Cancer Immunotherapy have been used, which is expected to drive the demand for Cancer Immunotherapy in the upcoming years.

DelveInsight's "Cancer Immunotherapy Market" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Cancer Immunotherapy companies actively working in the market.

Cancer Immunotherapy Overview
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Cancer immunotherapy is a type of cancer treatment that harnesses the body's immune system to recognize and destroy cancer cells. Unlike traditional treatments such as chemotherapy and radiation, which directly target cancer cells, immunotherapy works by enhancing the natural defenses of the immune system to fight the disease.

Cancer Immunotherapy Market Insights
There is evidence linking smoking, radiation exposure, and exposure to specific chemicals to a higher risk of cancer. For example, infections with the Epstein-Barr virus, HIV, and the human T-cell lymphoma/leukemia virus increase the risk of developing leukemia and lymphomas. Consequently, there will be more incidences of blood cancer due to greater exposure to any of the aforementioned factors. Similar to this, the factors listed above can raise the likelihood of developing any kind of cancer, which will ultimately raise the disease's prevalence and raise the need for cancer immunotherapy in the years to come.

DelveInsight Analysis: The global cancer immunotherapy market size was valued at USD 85.23 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.63% from 2023 to 2028, reaching USD 162.87 billion by 2028.

To know more about why North America is leading the market growth in the Cancer Immunotherapy market, get a snapshot of the report Cancer Immunotherapy Market Trends
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Recent Developments in the Cancer Immunotherapy Market Report
• In February 2022, The Janssen Pharmaceutical Companies of Johnson & Johnson announced that the U.S. Food and Drug Administration approved CARVYKTI, a cancer immunotherapy for the treatment of adults with relapsed or refractory multiple myeloma (RRMM).
• In April 2021, the U.S. Food and Drug Administration approved Opdivo (nivolumab), in combination with certain types of chemotherapy, for the initial treatment of patients with advanced or metastatic gastric cancer, gastroesophageal junction cancer as well as esophageal adenocarcinoma. This is the first FDA-approved immunotherapy for the first-line treatment of gastric cancer.

To read more about the latest highlights related to Cancer Immunotherapy, get a snapshot of the key highlights entailed in the Cancer Immunotherapy Market Forecast Report
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Key Players in the Cancer Immunotherapy Market
Some of the key market players operating in the Cancer Immunotherapy market include- Amgen Inc., AstraZeneca, F. Hoffmann-La Roche Ltd, Bayer AG, Bristol-Myers Squibb, Eli Lilly and Co., Merck & Co., Inc., Novartis AG, Pfizer Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Dendreon Pharmaceuticals LLC., Fate Therapeutics, Precision BioSciences, IOVANCE Biotherapeutics, Inc., Spectrum Pharmaceuticals, Inc., Sanofi, Mylan N.V., Apotex Inc., Hikma Pharmaceuticals PLC, and others.

COVID-19 Impact Analysis on the Cancer Immunotherapy Market
According to estimates, North America accounts for a sizable portion of the global market for cancer immunotherapy. The rising incidence of cancer in the area, increased exposure to chemicals known to cause cancer, smoking, radiation, viruses, and the presence of major players in the market are all contributing factors to the growth of the cancer immunotherapy market in North America.
Additionally, The market for cancer immunotherapy will grow due to the region's aging population as well as rising tobacco, alcohol, chemical, and other carcinogenic substance use. For example, the United Health Foundation 2021 reports that over 54 million persons in the United States are 65 years of age or older as of 2021. Furthermore, according to the U.S. Census Bureau 2021, 16.5% of the country's population is elderly. According to the source, there are a lot of older individuals in the US and their number is expected to continue to rise. By 2050, there will be an estimated 85.7 million adults in the US who are 65 years of age or older, or about 20% of the country's total population. So, during the projected period, the market for Cancer Immunotherapy is anticipated to continue expanding (2023-2028).

Scope of the Cancer Immunotherapy Market Report
• Coverage: Global
• Study Period: 2020-2028
• Cancer Immunotherapy Market Segmentation By Type: Monoclonal Antibodies, Immunomodulators, Cancer Vaccines, Checkpoint Inhibitors, And Others
• Cancer Immunotherapy Market Segmentation By Indication: Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer, And Others
• Cancer Immunotherapy Market Segmentation By End User: Hospitals And Clinics, Specialty Centers, And Others
• Cancer Immunotherapy Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Cancer Immunotherapy Companies: Amgen Inc., AstraZeneca, F. Hoffmann-La Roche Ltd, Bayer AG, Bristol-Myers Squibb, Eli Lilly and Co., Merck & Co., Inc., Novartis AG, Pfizer Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Dendreon Pharmaceuticals LLC., Fate Therapeutics, Precision BioSciences, IOVANCE Biotherapeutics, Inc., Spectrum Pharmaceuticals, Inc., Sanofi, Mylan N.V., Apotex Inc., Hikma Pharmaceuticals PLC, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

Which MedTech key players in the Cancer Immunotherapy market are set to emerge as the trendsetter explore @ Cancer Immunotherapy Manufacturer
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Table of Contents
1 Cancer Immunotherapy Market Report Introduction
2 Cancer Immunotherapy Market Executive summary
3 Regulatory and Patent Analysis
4 Cancer Immunotherapy Market Key Factors Analysis
5 Porter's Five Forces Analysis
6 COVID-19 Impact Analysis on Cancer Immunotherapy Market
7 Cancer Immunotherapy Market Layout
8 Global Company Share Analysis - Key 3-5 Companies
9 Company and Product Profiles
10 Cancer Immunotherapy Market Drivers
11. Cancer Immunotherapy Market Barriers
12. Project Approach
13. About DelveInsight

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