Cancer Vaccines Market 2033: Size, Share, Key Trends, and Growth Analysis

The Business Research Company recently released a comprehensive report on the Global Cancer Vaccines Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The cancer vaccines market size has grown rapidly in recent years. It will grow from $7.22 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to rising incidence of cancer, increasing awareness of cancer vaccines, expanding range of approved cancer vaccines, growing evidence of the efficacy of cancer vaccines, government support for research and development.

The cancer vaccines market size is expected to see rapidly grown in the next few years. It will grow to $13.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to combination therapies with cancer vaccines, increased investment from pharmaceutical companies, emerging biomarkers, personalized vaccines, expanding vaccination programs. Major trends in the forecast period include advancements in immunology, adjuvant therapies, diversification of indications, patient access, collaborative research, neoantigen-based vaccines, therapeutic cancer vaccines.

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Market Drivers and Trends:

The rise in the number of cancer cases across the globe is likely to contribute to the growth of the cancer vaccines market during the forecast period. For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rates globally is anticipated to boost demand for the cancer vaccine market over the coming years.

Companies in the cancer vaccine market are increasingly investing in preventive or prophylactic vaccines for cancer prevention. Prophylactic vaccines are designed to build immunity in a patient. A prophylactic or preventative vaccine involves introducing antigens into a person's body. According to the World Health Organization, cervical cancer was reported as the second-most common cancer in women, with an estimated 84% of new cases worldwide. So far, there are 3 HPV vaccines currently available for the prophylaxis of cancer. Two of these will protect against both HPV 16 and HPV 18, which cause 70% of cervical cancer, and the third vaccine prevents 3 more oncogenic HPV types, which further cause 20% of cervical cancers. These three vaccines include Gardasil and Gardasil 9 by Merck and Cervarix by GSK.

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Major Key Players of the Market:

GlaxoSmithKline plc; Merck & Co. Inc.; Aduro Biotech Inc.; AstraZeneca PLC; Dendreon Corporation; Astellas Pharma Inc.; Sanofi SA; Sanpower Group; CSL Limited; Pfizer Inc.; Serum Institute of India Pvt. Ltd.; Advantagene Inc.; Advaxis Inc.; Agenus Inc.; Altor BioScience Corporation; Argos Therapeutics Inc.; Oncothyreon Inc.; Oncovir Inc.; Oxford BioMedica plc.; Prima BioMed Ltd.; Sotio LLC; Transgene SA; Ubivac LLC; Vaccinogen and Vaxon Biotech; Bavarian Nordic A/S; Bharat Biotech International Limited; Bristol-Myers Squibb Company; Dynavax Technologies Corporation; Emergent BioSolutions Inc.; Galena Biopharma Inc.; Moderna Inc.; Biothera Pharmaceuticals Inc.; Celldex Therapeutics Inc.; Genexine Inc.; Gritstone Oncology Inc.; Heat Biologics Inc.; ISA Pharmaceuticals B.V.; Northwest Biotherapeutics Inc.; OncBioMune Pharmaceuticals Inc.; TapImmune Inc.; Vaxil Bio Ltd.; VBI Vaccines Inc.; Ziopharm Oncology Inc.

Cancer Vaccines Market 2024 Key Insights:

• The cancer vaccines market size will grow to $13.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%.
• Rising Cancer Cases Drive Demand For Cancer Vaccines
• Growing Demand For Preventive Cancer Vaccines Is Attracting Investment From Companies
• North America was the largest region in the cancer vaccines market in 2023

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