Cancer Vaccines Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||391386|
|出版日期||內容資訊||英文 114 Pages
|癌症疫苗的全球市場:成長，趨勢，及預測(2019年∼2024年) Cancer Vaccines Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年09月01日||內容資訊: 英文 114 Pages||
Global Cancer Vaccines market is expected to witness a CAGR of 16.7% during the forecast period. Certain factors that are driving the market growth include the increasing number of cancer cases, rising investments and government funding in the development of cancer vaccines, and technological development in cancer vaccines.
The incidence of cancer is increasing every year and has been the major factor for the growth of the cancer vaccines market. Cancer damages the immune system, as cancer cells produce the self-antigen. The cancer vaccines play a vital role in the maintenance of the immune system, as they are considered the biological response modifiers. These cancer vaccines target the infectious agents that may cause cancer through the production of the antibodies. Cancer vaccines are considered as a new therapy and are not popular compared to the other alternative therapeutic drugs. However, cancer vaccines have shown great potential in both preventive and therapeutic ways. Also, healthcare physicians are looking for the alternative therapies due to the huge burden of cancer cases and side effects of the present therapies, the market of cancer vaccine are expected to grow with a high growth rate during the forecast period.
However, in the expanding market for medical therapies, there are stringent regulatory policies in place to ensure the safety of therapies. The FDA review process takes twice as much as time as European regulatory commissions' review bodies. Hence, citizens from countries where the review process is shorter benefit more than countries with longer review processes and stringent regulations. The presence of stringent regulations is hindering the growth of this market.
Cancer vaccines are defined as the vaccines developed to prevent or treat existing cancer by strengthening the body's natural immune response system against cancer. These cancer vaccines belong to a class of substances known as biological response modifiers. These modifiers work by stimulating or restoring the immune system's ability to fight against diseases.
Preventive Vaccines are Expected to Hold Significant Market Share in the Treatment Method Segment
Preventive vaccines or prophylactic vaccines are the vaccines intended to prevent cancer in healthy people. These vaccines work by preventing infectious agents that cause or contribute to the development of cancer. These vaccines are similar to traditional vaccines that help prevent infectious diseases, such as polio and measles, by protecting the body against infections. Most of the preventive vaccines stimulate the production of antibodies, which bind to specific targeted microbes and block their ability to cause infection.
North America Dominates the Market and is Expected to do Same in the Forecast Period
This is due to the high prevalence of cancer, along with developed healthcare infrastructure in the region. According to the National Cancer Institute, preventive vaccines were approved to treat cancers by the use of vaccines, namely Human papillomavirus (HPV) vaccines and the Hepatitis B virus (HBV). However, there are many other vaccines that are approved by the FDA for the prevention of cancer. In April 2010, the first cancer treatment vaccine, called sipuleucel-T (Provenge), was approved by the FDA. This vaccine was approved for use in men with metastatic prostate cancer. It was designed to stimulate an immune response to prostatic acid phosphatase (PAP), which is an antigen found in most prostate cancer cells. Moreover, in October 2015, the first oncolytic virus therapy, called talimogene laherparepvec (T-VEC, or Imlygic), was also approved by the FDA. This vaccine is used for the treatment of metastatic melanoma that cannot be surgically removed.
The global Cancer Vaccines market is highly competitive and consists of a few major players. Companies like Aduro BioTech, Inc., Astellas Pharma, Inc., AstraZeneca PLC, Bristol-Myers Squibb, Dendreon, GlaxoSmithKline, Merck & Co., Inc., OSE Immunotherapeutics, Sanofi, Welland Medical Ltd, among others, hold the substantial market share in the Cancer Vaccines market.