Oncolytic Viral Therapy Market Growth, Trends & Forecast 2024-2031 | Top key players - Amgen, Inc., Daiichi Sankyo Co., Ltd., Lokon Pharma AB.

The Global Oncolytic Viral Therapy Market is expected to reach at a Significant CAGR during the forecast period 2024-2031.

Oncolytic Viral Therapy Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Oncolytic Viral Therapy Market focuses on using genetically modified viruses to selectively infect and destroy cancer cells while sparing healthy tissues. This innovative treatment approach is gaining traction due to its potential to target hard-to-treat cancers and stimulate the immune system. The market is expanding as research advances, clinical trials progress, and the demand for more effective, targeted cancer therapies rises.

List of the Key Players in the Oncolytic Viral Therapy Market:

Amgen, Inc., Daiichi Sankyo Co., Ltd., Lokon Pharma AB, Virogin Biotech Canada Ltd, KaliVir Immunotherapeutics, Inc., Transgene SA, Vyriad, Inc., Coastar Theapeutics Inc., IconOVir Bio, Inc. Calidi Biotherapeutics, Inc. and among Others.

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Market Dynamics:

Rising prevalence of cancer and unmet treatment needs

The growing prevalence of cancer and the unmet treatment needs are playing a crucial role in driving the growth of the oncolytic viral therapy market, and this trend is expected to continue throughout the forecast period. As the demand for more effective treatments for complex cancer cases rises, innovative therapies like oncolytic viral therapy are becoming increasingly sought after.

According to the World Health Organization (WHO), cancer cases are projected to rise sharply, with over 35 million new cases anticipated by 2050-an increase of 77% from the 20 million estimated in 2022. This significant rise in cancer cases is expanding the patient population, creating an urgent need for more diverse and effective treatment options. In particular, for cancers such as melanoma, glioblastoma, and pancreatic cancer, where traditional therapies often fall short, there is a high demand for alternative approaches.

Oncolytic viral therapy offers a promising solution by using a dual mechanism-it selectively infects and kills cancer cells while also stimulating the immune system to attack the tumor. This targeted approach addresses the limitations of conventional treatments, offering the potential for more effective outcomes while sparing healthy tissue. As a result, the oncolytic viral therapy market is expected to see significant growth as this innovative treatment method gains traction.

Growth Forecast Projected:

The Global Oncolytic Viral Therapy Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Oncolytic Viral Therapy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Oncolytic Viral Therapy Market:

By Virus Type: Adenoviruses, Herpes Simplex Virus, Maraba Virus, Measles, Newcastle Disease Virus, Picornavirus, Reovirus, Vaccinia Virus, Vesicular Stomatitis Virus, Others.

By Application: Melanoma, Breast Cancer, Prostate Cancer, Ovarian Cancer, Lung Cancer, Pancreatic Cancer, Colorectal Cancer, Head and Neck Cancer, Others.

By Mode of Administration: Intratumoral Injection, Intravenous Infusion, Intracavitary Injection, Others.

By End-User: Hospitals, Oncology Centers, Ambulatory Surgical Centers, Cancer Research Institutes, Others.

Regional Analysis for Oncolytic Viral Therapy Market:

The regional analysis of the Oncolytic Viral Therapy Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Oncolytic Viral Therapy market?

➠ Who are the leading manufacturers in the global Oncolytic Viral Therapy industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Oncolytic Viral Therapy industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Oncolytic Viral Therapy market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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