Press release
Global Cancer Immunotherapy Market: Surge in Prevalence Fuels Growth, Key Trends, Major Players, and Forecast till 2029
Cancer Immunotherapy Market
Expectation of Substantial Growth in the Global Cancer Immunotherapy Market Size
• The cancer immunotherapy market presents an upward trend, expected to grow from $110.91 billion in 2024 to $125.68 billion in 2025, at a compound annual growth rate (CAGR) of 13.3%. This growth is driven by the rising prevalence of cancer, increasing adoption of immunotherapy over traditional therapy, and numerous advances in research & development activities.
• The market size is predicted to reach $194.64 billion in 2029, following a CAGR of 11.6%. This forecasted growth is attributed to the increasing approval of novel immunotherapies for cancer treatment, the growing demand for personalized medicine, and increasing investments in clinical trials.
What Is Driving The Growth In The Cancer Immunotherapy Market?
An exponential rise in cancer incidence is a major growth driver for the cancer immunotherapy market. Factors such as tobacco and alcohol use, obesity, sedentary lifestyle, and environmental influences contribute to the increase in cancer cases worldwide. This growth in cancer prevalence is boosting the demand for cancer immunotherapies. For example, new cancer cases increased by 2.3% in two years in Europe, reaching 2.74 million in 2022, according to the European Union Science Hub. Therefore, the surge in cancer incidence is anticipating a boost in the demand for cancer immunotherapy during the forecast period.
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Who Are the Key Players Driving Cancer Immunotherapy Market Growth?
Significant players in the cancer immunotherapy market include:
• Amgen Inc.
• AstraZeneca PLC
• F. Hoffmann-La Roche Ltd
• Bayer AG
• Eli Lilly and Company
• 3D Signatures Inc.
• Adaptive Biotechnologies Corp.
• Argos Therapeutics Inc.
• Bristol-Myers Squibb Company
• Cell Medica Limited
• Cellular Biomedicine Group Inc.
• Gilead Sciences Inc.
• Gradalis Inc.
• Immatics Biotechnologies GmbH
• Iovance Biotherapeutics Inc.
• Juno Therapeutics LLC
• Kura Oncology Inc.
• MacroGenics Inc.
• Merck & Co. Inc.
• Neon Therapeutics Inc.
• Neovii Biotech GmbH
• Novartis International AG
• Pfizer Inc.
• Pulse Biosciences Inc.
• Regeneron Pharmaceuticals Inc.
• Roche Holding AG
• Targovax ASA
• Tessa Therapeutics Pte Ltd.
• TILT Biotherapeutics Ltd.
• Turnstone Biologics Corp.
• Xencor Inc.
What Are The Key Trends In The Cancer Immunotherapy Market?
Key trends in the cancer immunotherapy market include:
• The emergence of adoptive cell therapies, including car-t cells.
• Exploration of oncolytic viruses in cancer immunotherapy.
• Development of personalized cancer vaccines.
• Utilization of artificial intelligence in immunotherapy research.
• Increased emphasis on real-world evidence and patient outcomes in treatment decisions.
What Are The Segments Of The Global Cancer Immunotherapy Market?
1) By Product: Monoclonal Antibodies, Checkpoint Inhibitors, Immunomodulators, Vaccines, Cell Therapy.
2) By Application: Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Multiple Myeloma.
3) By End User: Hospitals, Cancer Research Centers, Clinics.
Which Region Leads The Cancer Immunotherapy Market?
North America dominated the cancer immunotherapy market in 2024 and is expected to be the fastest-growing region in the forecast period. The market report provides comprehensive coverage of the cancer immunotherapy market in regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cancer Immunotherapy Market Global Market Report?
- Market Size Analysis: Analyze the Cancer Immunotherapy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cancer Immunotherapy Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cancer Immunotherapy Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cancer Immunotherapy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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