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Rising Prevalence Of Chronic Diseases Fuels Growth In The Cancer Biologics Market: Key Factor Driving The Growth In The Cancer biologics Market
Cancer biologics
What Is the Expected Cancer biologics Market Size During the Forecast Period?
The cancer biologics market has experienced rapid growth in recent years. It will rise from $106.2 billion in 2024 to $117.03 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. This growth is driven by the increasing incidence of cancer, heightened awareness of cancer biologics, improvements in efficacy and safety, the approval of new biologics, and the growing acceptance of combination therapies.
The cancer biologics market will grow strongly, reaching $168.75 billion in 2029 at a CAGR of 9.6%. Growth will stem from real-world data integration, gene/cell therapies, expanding indications, and combined treatments. Notable trends include patient support programs, biosimilars, biobetters, personalized biologics, and diagnostic advancements.
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What Are the High-Growth Segments in the Cancer biologics Market?
The cancer biologics market covered in this report is segmented -
1) By Type: Monoclonal Antibodies, Vaccines, Cell And Gene Therapy, Other Types
2) By Application: Non-small Cell Lung Cancer, Prostate Cancer, Breast Cancer, Acute Myeloid Leukemia, Lymphoma, Multiple Myeloma, Ovarian Cancer, Colorectal Cancer, Gastric Cancers, Other Applications
3) By Distribution Channel: Hospitals, Clinics, Other Distribution Channels
Subsegments:
1) By Monoclonal Antibodies: Naked Monoclonal Antibodies, Conjugated Monoclonal Antibodies, Bispecific Monoclonal Antibodies
2) By Vaccines: Therapeutic Cancer Vaccines, Preventive Cancer Vaccines
3) By Cell And Gene Therapy: CAR T-Cell Therapy, Tumor-Infiltrating Lymphocytes (TIL) Therapy, Oncolytic Virus Therapy
4) By Other Types: Cytokines, Growth Factors, Fusion Proteins
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What Key Drivers Are Expected to Influence Future Cancer biologics Market Growth?
The increasing rate of chronic diseases continues to drive the cancer biologics market. These long-term conditions, including multiple cancer types, are among the most prevalent health issues. As the CDC reported in February 2024, 42% of Americans are dealing with two or more chronic conditions, and 12% are managing five or more, highlighting a growing need for cancer biologics as treatment options.
Which Companies Hold the Largest Share Across Different Cancer biologics Market Segments?
Major companies operating in the cancer biologics market include AbbVie Inc., F. Hoffmann-La Roche AG, GlaxoSmithKline plc, Eli Lilly and Company, AmgenInc., Bristol-Myers Squibb Company, Johnson & Johnson, Merck & Co.Inc., Novartis AG, Pfizer Inc., Celgene Corporation, Daiichi Sankyo Company Ltd., Seagen Inc., Takeda Pharmaceutical Company Limited, Biogen Inc., Vertex Pharmaceuticals Incorporated, Incyte Corporation, Karyopharm Therapeutics Inc., Kyowa Kirin Co Ltd., Ipsen Biopharmaceuticals Inc., Bayer AG, Biocon Limited, Genentech Inc., Gilead Sciences Inc., Puma Biotechnology, Regeneron Pharmaceuticals Inc.
What Are the Latest Developing Trends in the Cancer biologics Market?
Companies in the cancer biologics market are focusing on predictive biomarkers to help physicians determine the most suitable treatments for cancer patients. These biomarkers aid in early cancer detection and help identify cost-effective treatment options, particularly for gene therapy-based biologics. Predictive biomarkers analyze tumor growth and other factors to guide treatment decisions.
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What Are the Emerging Geographies for The Cancer biologics Market Growth?
The countries covered in the cancer biologics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cancer biologics Market?
2. What is the CAGR expected in the Cancer biologics Market?
3. What Are the Key Innovations Transforming the Cancer biologics Industry?
4. Which Region Is Leading the Cancer biologics Market?
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