Infinium Global Research Cancer Vaccines Market | Page 7
Cancer Vaccines Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Executive Summary
Global Cancer vaccineMarket Highlights, (USD Million)
The global cancer vaccinemarket is expected to grow at a CAGR of 17.8% between 2017 and
2023 in terms of value. Globally, the cancer vaccinemarket is expected to be driven by
factors such as increase in occurrence & prevalence of cancer, technological advancements
in treatment therapies, growth in number of R&D for the treatment of cancer, and
specificity & efficiency of cancer vaccine for the treatment of wide range of cancers such as
Whole Cell Cancer Vaccine, Antigen/Adjuvant Cancer Vaccines, Dendritic Cells Cancer
Vaccines, and others.The increasing number of clinical trials held particularly in vaccine is
expected to boost the market’s growth.There are two types of cancer prevention vaccines
approved by the U.S. Food and Drug Administration (FDA) they are HPV vaccine and
Hepatitis B vaccine.Moreover, factors such as high abrasion rates during product
development phase, lack of awareness about vaccine and high cost of clinical trials are
anticipated to restrict the growth of the market.
North America is the largest commercial refrigeration market, followed by Asia–Pacific and
Europe. Asia-Pacific region is anticipated to become the fastest growing cancer
inmmunotherapy market in terms of CAGR during the forecast period. The increase in
number of patient, rise in occurrence of different types of cancer, and increase in
government investments for R&D and the healthcare reforms for the treatment of
cancer.The key player of global cancer vaccines market include, Glaxosmithkline Plc, Aduro
BioTech Inc., Astellas Pharma Inc., Merck & Co., Inc., CSL Limited, Sanpower Group, Sanofi
Pasteur, Pfizer Inc, Serum Institute of India Pvt. Ltd., and Others.
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