Cancer Vaccines Market - Industrial applications witness fastest growth up to 2025
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The World Health Organization reported around 14 million cases of cancer and 8.2 million cancer deaths in 2012. The most common forms among these were lung, colorectal, prostate, cervical, and breast cancers. Hence, demand for vaccines to prevent and treat cancers is high.
Many clinical trials are undergoing by NCI- supported cancer prevention or treatment for different types of cancer using vaccines. Increasing cancer patients, technological advancements, drug development in the field of cancer, government support, rising geriatric population, increasing health care services and expenditure, rising awareness in the incidences of cancer, and available therapies are the factors driving the cancer vaccines market. Low availability of cancer vaccines in remote areas and the need of cold storage and transportation are the factors hampering the growth of the cancer vaccines market.
The global cancer vaccines market has been segmented based on type of vaccine, application of vaccine, end-user, and region. In terms of type of vaccine, the market has been categorized into antigen vaccines, anti-idiotype vaccines, dendritic cell vaccines, whole cell vaccines, and DNA vaccines. Based on application of vaccines, the market has been segmented into preventive (or prophylactic) vaccines and treatment vaccines. Preventive vaccines approved in the U.S. are HPV and hepatitis B vaccines. Treatment vaccines can be of two types: autologous cancer vaccines (derived from oneself) and allogenic cancer vaccines (made from non-cancer cells of one’s own body). In terms of end-user, the cancer vaccines market has been divided into adults and children.
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Geographically, the cancer vaccines market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the market owing to major market share of the U.S. However, the market in Asia Pacific is expected to expand at the highest CAGR during the forecast period due to rising government initiatives, increased focus of players on the vaccine technology market in India, and rising immunization initiatives by the World Health Organization and GAVI.
The global cancer vaccines market is dominated by key players such as AstraZeneca plc, Prima Sanofi, BioMed, GlaxoSmithKline, Merck, Aduro BioTech, OncoThyreon, and Oxford BioMedica.
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