BANGALORE, India, June 6, 2022 /PRNewswire/ — The Cancer Immunotherapy Market is segmented by Type (Monoclonal Antibodies, Immune Checkpoint Inhibitors, Immune System Modulators, Cancer Vaccines0, by Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Others): Analysis Industry Opportunities and Forecast, 2022- 2028. It is published in Appreciate the reports under the Health Category.
The global cancer immunotherapy market size is expected to reach $135,140 million by 2028, $75,950 million in 2021, at a CAGR of 8.1% over the period 2022-2028.
The major factors driving the growth of intelligent transportation system are:
Rising incidence of cancer, along with the need to mitigate the negative effects of existing cancer treatments such as chemotherapy and radiation therapy, is expected to propel the cancer immunotherapy market forward.
Immunotherapy has been shown to be an effective treatment for cancer patients who have not responded to chemotherapy or radiation therapy (eg melanoma). This aspect is expected to drive the cancer immunotherapy market even further. Cancer immunotherapy also has the potential to lead to long-term cancer remission.
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TRENDS INFLUENCING THE GROWTH OF THE CANCER IMMUNOTHERAPY MARKET
The increasing incidence of cancer and the need to reduce the side effects of cancer treatment are expected to drive the growth of the cancer immunotherapy market. The number of patients diagnosed with cancer continues to grow due to changing lifestyles, including excessive smoking, exposure to UV rays from the sun or tanning beds, being overweight or obese, and excessive consumption of alcohol. Effective cancer treatments are needed in this situation. Immunotherapy uses the immune system’s ability to recognize and target cancer cells, making it a universal cancer treatment. The severity of side effects varies depending on the treatment and how it interacts with the body.
Conventional cancer therapies directly influence cancer and healthy tissue via chemical or radiation therapy, which can cause typical side effects like hair loss and nausea. Cancer immunotherapy is a type of cancer treatment that focuses on the immune system and can be more targeted than traditional cancer treatments like chemotherapy or radiation therapy. Therefore, cancer immunotherapy might not have the same negative side effects as chemotherapy or radiation therapy.
Additionally, when patients receive immunotherapy, the immune system is trained to attack cancer cells whenever they reappear. It’s called immune memory, and it has the potential to help you stay cancer-free for longer. Long-term overall survival trials have shown that the positive effects of cancer immunotherapy treatment are long-lasting, that is, they can last even after treatment has ended. As a result, the cancer immunotherapy market is expected to grow over the forecast period.
Immunotherapy offers effective treatment for patients with certain types of cancer that have resisted chemotherapy and radiation therapy. This factor is expected to further fuel the cancer immunotherapy market. Some tumors (like skin cancer) don’t respond well to radiation therapy or chemotherapy, but after immunotherapy they start to go away. Some immunotherapy methods have become commonplace in the treatment of certain cancers. If other treatment methods fail, such as for treatment-resistant malignancies, doctors may use it alone or in combination with other types of treatment, such as chemotherapy.
Recent clinical studies treating patients with immunotherapy, alone or in combination with other treatments, have shown significant patient improvement, leading to FDA approval of several additional immunotherapy options for more cancer patients. , including approval to treat patients with immunotherapy as first-line treatment rather than conventional treatments.
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CANCER IMMUNOTHERAPY MARKET SHARE ANALYSIS
Based on the type, the monoclonal antibody segment is expected to be the most lucrative. This is because MAbs are widely used in the treatment of cancers of many forms.
Based on type, lung cancer is expected to be the fastest growing segment. This is due to the growing disease burden of lung cancer and the need for early treatment, lung cancer will continue to dominate the cancer immunotherapy market share.
Based on the region, North America is expected to provide lucrative opportunities for growth in Cancer Immunotherapy market share owing to rising incidence of cancer and rise in healthcare expenditure for the treatment along with advanced technologies.
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- Astra Zeneca
- Bristol-Myers Squibb
- Eli Lily
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