Press release
Global cancer immunotherapies Market 2016:Melanoma, Prostate cancer, NSCLC
Over the past few years, cancer immunotherapies have generated new waves of optimism in the global oncology market, unveiling huge untapped potential for the innovators. After years of jostling over how to use the bodys immune system against cancer, researchers are now spotting newer targets and mechanisms to overcome the loopholes of conventional therapies. On the back of properties such as, comparably long-lived effects, exquisite specificity and improved survival rates, cancer immunotherapies have marked a paradigm shift in cancer management, as compared to existing conventional therapies. This has subsequently addressed the high unmet need for targeted therapies with high specificity for cancer type and minimal or no side effects. Over the next decade, immunotherapies are expected to replace conventional cancer therapies and garner a significant share in the global cancer market.
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The key factors driving the global cancer immunotherapies market are rising incidences of cancer, minimal or no side effects offered by immunotherapies, enhanced survival periods, long-term effects and strong emerging pipeline of cancer immunotherapies. Other key market drivers are sedentary lifestyle, less recurrence chance of cancer, accelerated regulatory approvals and augmented R&D investments on immunotherapies. However, factors such as high cost, limited range of cancer indications and high innovation challenges are likely to restrain the market. For instance, an investors awareness about the range of indications is presently limited to melanoma, renal cancer, and lately non-small cell lung cancer (NCSLC).
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To provide the detailed market understanding, the cancer immunotherapies market is segmented on the basis of technology, therapy type, application and geography. Based on technology, the market is segmented into genetic engineering, hybridoma technology, humanization of monoclonal antibodies and overcoming the HAMA response via modern technology. On the basis of therapy type, the market is segmented into monoclonal antibodies, cancer vaccines, checkpoint inhibitors, cytokine therapies, other immune system boosters and miscellaneous immunotherapies.
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