Cancer Vaccine Market Size, Share and Forecast 2021-2027
The global cancer vaccine market is anticipated to grow at a CAGR of 13.8% during the forecast period (2021-2027). The market growth is mainly attributed to the increase in the prevalence rate of cancer across the globe. The importance of treatment of cancer is increasing gradually over the years as cancers of Lung, prostate, colorectal, cervical, and breast are the most common types of cancers which have resulted in a high mortality rate. Such type of results has led to the formation of innovative cancer vaccines. For instance, according to the International Agency for Research on Cancer, World Health Organization, in 2020, the number of breast cancer was 253,465 in the US which is expected to reach around 307,479. Besides, the trachea, bronchus, and lung cancer cases in 2020 were around 227,875 in the US and expected to reach 307,479 in 2040. As cancer cases are rising day by day due to that the demand for cancer vaccines is also rising.
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Moreover,
increasing healthcare expenditures and a rise in the cancer patient population
have led to the growth of the market in emerging economies. According to the
World Bank, the healthcare expenditure in North America in 2018 was 16.4%.
According to the World Economic Forum, North America is one of the strongest
regions that comprises around 28% of the world economy which is one of the
factors affecting the healthcare market. The US spends almost 17.2% of GDP on
healthcare expenditure, whereas Canada spends 10.6% of GDP on healthcare. In
addition to this, the rise in the development of the R&D sector and
technological advancement is also prominent factors that are expected to fuel
the market growth in the forecast period. According to Research America.Org, from
2017 to 2018, medical and health research & development (R&D) spending
in the US grew by 6.4%, reaching $194.2 billion.
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
·
By Type
·
By
Technology
·
By
End-User
Regions
Covered-
·
North
America
·
Europe
·
Asia-Pacific
·
Rest of
the World
·
Competitive
Landscape- Bristol-Myers Squibb, Merck & Co. Inc., GlaxoSmithKline plc, Eli
Lilly and Company, Pfizer Inc.,
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Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
Ø
Deviation
from the pre-COVID-19 forecast
Ø
Most
affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
Global Cancer
Vaccine Market Report Segment
By Type
·
Preventive
Vaccines
·
Therapeutic
Vaccines
By
Technology
·
Dendritic
Cell Vaccines
·
Conjugate
Vaccines
·
Inactivated
Vaccines
·
Live
Attenuated Vaccines
·
Recombinant
Vector Vaccines
·
Others
By
End-User
·
Hospitals
and Clinics
·
Research
Institutes
·
Pharmaceuticals
& Biotechnology Companies
·
Others
Global Cancer
Vaccine Report Segment by Region
Regional
Analysis
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of The World
·
Latin
America
·
Middle
East & Africa
Company
Profiles
·
AduroBioTech,
Inc.
·
Advaxis
Inc.
·
Amgen
Inc.
·
Astellas
Pharma Inc.
·
AstraZeneca
PLC
·
Dendreon
Pharmaceuticals LLC
·
Dynavax
Technologies Corp.
·
F.
Hoffmann-La Roche AG
·
Generex
Biotechnology Corp.
·
Immunocellular
Therapeutics, Ltd.
·
Moderna,
Inc.
·
OSE
Immunotherapeutics SA
·
Sanofi
SA
·
Vaccinogen,
Inc.
·
Welland
Medical Ltd.
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