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Cancer Immunotherapy Market

Cancer Immunotherapy Market

Cancer Immunotherapy Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Cancer Immunotherapy Market
FACT4367MR
  • Oct-2021
  • List of Tables : 30
  • List of Figures : 115
  • 170 Pages
  • Healthcare

Market Snapshot

The cancer immunotherapy market garnered US$ 119.4 Bn by 2021, according to Fact.MR- a market research and intelligence provider. Preference towards immunotherapy treatment along with the rising cases of people being detected with cancer is driving the sales of cancer immunotherapy market. In addition, various key companies are focusing on mergers and acquisitions and are leveraging opportunities. The market is expected to exceed US$ 310 Bn by registering a staggering CAGR of 10% by the end of the assessment period 2021-2031.

Key Points Covered in Cancer Immunotherapy Industry Analysis

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Cancer Immunotherapy Market and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Cancer Immunotherapy Revenue Analysis 2016-2020 in Comparison to Future Outlook 2021-2031

As per Fact.MR’s report, between 2016 and 2020, cancer immunotherapy demand expanded at a staggering 14% value CAGR, surpassing US$ 104 Bn by the end of 2020. Companies are focusing on increasing opportunities by investing in research and development.

During the COVID-19 pandemic, prospects for cancer immunotherapy further expanded. The need to prevent further complications amongst cancer patients infected by the novel coronavirus exacerbated the need for advanced critical care. However, a slight blip was also experienced, given the relegation of non-COVID treatments in the first half of 2020.

Prominent regulatory authorities are realizing the importance of disbursing effective therapeutic approaches for cancer. Consequently, governments and healthcare institutions alike are augmenting healthcare spending. Due to the aforementioned factors, the cancer immunotherapy is expected to reach US$ 310 Bn by registering a stupendous CAGR of 10% by the end of the forecast period 2021-2031.

How is the Increasing Cancer Burden Spurring Cancer Immunotherapy Demand?

The International Agency for Research on Cancer projects that an estimated 19.3 million new cancer cases, excluding 18.1 million non-melanoma skin cancer, and almost 10 million deaths- 9.9 million excluding non-melanoma ones- occurred in 2020. Female breast cancer surpassed lung cancer as the most commonly diagnosed, with an estimated 11.7% new cases.

This global burden is anticipated to reach 28.4 million cases in 2040, a 47% rise from 2020. Hence, efforts to build a sustainable infrastructure for disseminating cancer prevention measures and diagnostics has become critical to achieve a worldwide reduction in cancer numbers.

Therefore, prominence of cancer immunotherapy is increasing with each passing day. Unceasing efforts to augment R&D spending by key healthcare stakeholders, in conjunction with governments, have made major strides in developing advanced immunotherapeutic approaches in recent years.

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Capital-Intensive Nature of Immunotherapy to Emerge as Key Dilemma for Manufacturers?

Several studies show that, cancer is an extremely complex disease, and there is no single cure that can prove to be effective for all patients. However, players in the cancer immunotherapy market leverage this opportunity to reach the optimum efficacy level of therapeutics to treat cancer with minimal side-effects.

The key requisite to achieve product innovation is high working capital for experimentation and clinical trials, which poses challenges for manufacturers. Besides this, the risk of drug rejection leads to the wastage of resources.

According to the study, only 5% of anticancer drugs gain commercial license, post the success of Phase III trials, which is indicative of the high rejection rate of therapeutics in the cancer immunotherapy industry.

Country-wise Analysis

How are Various R&D Initiatives Driving Growth for North America?

North America leads the global cancer immunotherapy market. This is owing to favourable dynamics, such as progressive improvements in healthcare infrastructure and government initiatives underpinning the R&D activities of players complement the growth of the cancer immunotherapy markets in these regions. For instance, market players are eligible to receive benefits from the U.S. federal government, such as tax exemptions and market exclusivity, under the Orphan Drug Act.

However, there have been gradual improvements in the quality of healthcare services, increase in accessibility of patients to hospitals and clinics, and growing number of awareness campaigns regarding the diagnosis and treatment of cancer in developing regions. Thus, North America is expected to account for nearly 40% of market share for cancer immunotherapy.

How is Increasing Cancer Prevalence Spurring Immunotherapy Demand in Asia?

Asia accounts for half of the global cancer burden, with case incidences projected to rise to nearly 11 million by 2030. A rapidly ageing population, altering lifestyles and socio-economic changes are likely to be responsible for the purported increase. The most common cancer types include those of the lungs, stomach and liver.

Consequently, healthcare spending to develop advanced research & development facilities for designing high-grade oncology diagnostics are taking place, a factor which is expected to fuel cancer immunotherapy growth until 2031. On account of this, the region is likely to witness relatively high growth at an average CAGR of 10% across the 2021-2031 assessment period.

Cancer immunotherapy market forecast analysis by Fact.MR

An Adaptive Approach to Modern-day Research Needs

Category-wise Insights

How is Lung Cancer Boosting Demand for Cancer Immunotherapy?

According to the American Cancer Society, around 25% of deaths are due to lung cancer. Apart from prostate cancer in men and breast cancer in women, lung cancer is the most common cancer diagnosed in people. This is due to smoking habits of people around the world. In addition, the chances of lung cancer being detected at an early stage are less.

Thus, the prevalence of lung cancer not getting proper treatment has increased. This has led patients to rely on cancer immunotherapy. Thus, by cancer type, lung cancer is expected to account for more than 50% of market share for cancer immunotherapy.  

Why is there Increased Preference for Monoclonal Antibody Cancer Immunotherapy?

Based on therapy, monoclonal antibody based cancer immunotherapy is likely to be most preferred, surging at a CAGR of 9% from 2021 to 2031, according to Fact.MR. Their ability to trigger an antitumor immune response makes them highly sought after.

Monoclonal antibody based drugs assist in flagging cancer cells, trigger cell-membrane destruction, inhibiting malignant cell proliferation, preventing blood vessel growth, easy chemotherapy delivery and binding cancer and immune cells among other benefits.

How are Hospitals Spurring Demand for Cancer Immunotherapy?

Hospitals remain the most favoured medical settings, as these institutions are equipped with advanced facilities to allow for effective diagnosis and treatment. High adoption of advanced diagnostics and treatment equipment, as well as therapeutics, supported by public and private funding, further improves the healthcare quality offered by hospitals.

These factors are collectively expected to lead to hospitals accounting for around 61% share of the cancer immunotherapy market by 2031. Relatively short wait times and ease of getting appointments are projected to widen the patient base opting for clinic-based healthcare. Progressive growth in the demand for quality cancer therapeutics in clinics is influencing clinicians to focus on offering cancer immunotherapy to patients, which is driving the exponential adoption of cancer therapeutics in clinics.

Competitive Landscape

Prominent market players are capitalizing on conducting extensive clinical trials to verify the efficacy of various immunotherapy approaches, including vaccinations and oral drugs. Additionally, players are funding more research studies to ascertain patterns of cancer prevalence across key geographies.

  • In September 2021, Amgen Plc. announced its first combination study results from its Phase 1b/2 CodeBreaK 101 study, a comprehensive global clinical development program in patients with KRAS G12C-mutated advanced colorectal cancer. It shows that combining LUMAKRASTM (sotorasib) with Vectibix® (panitumumab) demonstrate efficacy and safety.
  • In September 2021, Bristol-Myers Squibb Company conducted a survey that included 250 oncologists, surgeons and specialists from countries like U.S., Germany and Japan. The survey revealed the potential immunotherapy carries for cancers that are detected at an early stage.

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Report Scope

Attribute

Details

Market size value in 2021

US$ 119.4 Bn

Market forecast value in 2031

US$ 310 Bn

Growth Rate

CAGR of 10% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania 
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • Spain
  • France
  • Italy
  • Russia
  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • GCC
  • South Africa

Key Market Segments Covered

  • Therapy
  • Cancer Type
  • End User
  • Region

Key Companies Profiled

  • Amgen Inc.
  • Bristol-Myers Squibb Company
  • AstraZeneca PLC
  • Eli Lilly and Company
  • GlaxoSmithKline Plc.
  • F. Hoffmann-La Roche Ltd.
  • Janssen Biotech, Inc.
  • Novartis AG
  • Merck & Co., Inc.  
  • Pfizer, Inc.
  • Spectrum Pharmaceuticals, Inc.
  • Sanofi
  • Takeda Pharmaceuticals

Pricing

Available upon Request

Key Segments Covered

  • Therapy

    • Monoclonal Antibody Cancer Immunotherapy
    • Immune Checkpoint Inhibitors
      • PD-1/PD-L1 Cancer Immunotherapy
      • CTLA-4 Cancer Immunotherapy
    • Immune System Modulators
    • Cancer Immunotherapy Vaccines
    • Other Cancer Immunotherapies
  • Cancer Type

    • Lung Cancer Immunotherapy
    • Colorectal Cancer Immunotherapy
    • Breast Cancer Immunotherapy
    • Prostate Cancer Immunotherapy
    • Melanoma Immunotherapy
    • Blood Cancer Immunotherapy
    • Other Type Cancer Immunotherapies
  • End User

    • Cancer Immunotherapy in Hospitals
    • Cancer Immunotherapy in Ambulatory Surgical Centres
    • Immunotherapy in Cancer Research Centres
    • Cancer Immunotherapy in Clinics

Cancer Immunotherapy Market- Scope of Report

A recent study by Fact.MR on the cancer immunotherapy market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering cancer immunotherapy.

The study also provides the dynamics responsible for influencing the future status of the cancer immunotherapy market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the cancer immunotherapy market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of cancer immunotherapy across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of cancer immunotherapy during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative cancer immunotherapy markets?
  • Which factors will impact the growth of cancer immunotherapy?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the cancer immunotherapy industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for cancer immunotherapy are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global cancer immunotherapy market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the cancer immunotherapy market during the forecast period.

Country-specific valuation on demand for cancer immunotherapy has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of cancer immunotherapy, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering cancer immunotherapy has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the cancer immunotherapy domain.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the cancer immunotherapy industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

As of 2020, the market for cancer immunotherapy exceeded US$ 104 Bn

From 2016 to 2020, cancer immunotherapy demand expanded at over 14% CAGR

The cancer immunotherapy industry is expected to surpass a CAGR of 10% from 2021-2031

The cancer immunotherapy market is expected to reach nearly US$ 310 Bn by 2031

Rise in number of patients being detected with cancer and preference towards cancer immunotherapy in comparison to conventional treatments.

Amgen, Inc., Bristol-Myers Squibb Company, AstraZeneca PLC, Eli Lilly and Company, GlaxoSmithKline Plc., F. Hoffmann-La Roche Ltd., Janssen Biotech, Inc., Novartis AG, Merck & Co., Inc., Pfizer, Inc., Spectrum Pharmaceuticals, Inc., Sanofi, and Tak

40% of the global cancer immunotherapy demand is expected to be stimulated by North America

Lung cancer is expected to hold the highest share for sales covering more than 50% market share for cancer immunotherapy.

The cancer immunotherapy industry is expected register a CAGR of 10% throughout Asia.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.