Cancer Vaccines Market 2021 | Outlook, Growth By Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2030

 


Cancer Vaccines Market size is expected to portray promising scenarios, as it is estimated to reach $12.64 billion in 2030 which was initially valued at around $4.95 billion in 2021, thereby registering a CAGR of nearly 9.8% from 2022 to 2030. Cancer vaccines are biological response modifiers that stimulate the immune system of the body to fight against cancer.

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MARKET DYNAMICS AND FACTORS

the cancer vaccines market is driven by several factors such as increase in the number of cancer patients due to unhealthy and harmful lifestyle practices (e.g., smoking and use of tobacco in other forms), funding by government and commercial enterprises to carry out research and development in the field of cancer vaccine development, rise in the geriatric population and increasing expenditure by people for healthcare services. However, higher costs and long timespan associated with cancer vaccine production by the manufacturers are the challenges in the path of cancer vaccine market growth.

MARKET SEGMENTATION

Like several other industries, the cancer vaccines market is also segmented in the following way-

·         On basis of Product Type – Preventive and Therapeutic

·         On basis of Application – Cervical Cancer, Prostate Cancer, and Others

·         On basis of Technology - Dendritic Cells Cancer Vaccines, Recombinant Cancer Vaccines, Antigen/Adjuvant Cancer Vaccines, Viral Vector and DNA Cancer Vaccines

·         On basis of End User - Pediatrics and Adults

·         By Geography – North America, Asia Pacific, Middle east and Africa, Latin America, Europe.

GEOGRAPHIC ANALYSIS

North America occupies the largest share in the cancer vaccine market due to high level of overall developmental activities prevalent in the region. Asia Pacific is anticipated to offer lucrative growth opportunities due to higher population and patient base in the emergent economies where technological advancements and establishment of medical centers is taking place gradually.

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COMPETITIVE ANALYSIS

 The cancer vaccines market portrays a competitive landscape with various international and regional/local players trying to rise above each other. All of them aim at providing high efficacy rates along with novel vaccine production. Some of the key players in the cancer vaccine market are –BioNTech, GlaxoSmithKline, Modern, CureVac, Anixa Bioscience, Elios Therapeutics, Amgen Inc., Dendreon Corp., F. Hoffmann-La Roche Ltd., Merck & Co. Inc.,  Vaccinogen Inc.

KEY MARKET PLAYERS

§  BioNTech

§  GlaxoSmithKline

§  Modern,

§  CureVac

§  Anixa Bioscience

§  Elios Therapeutics

§  Amgen Inc.

§  Dendreon Corp.

§  F. Hoffmann-La Roche Ltd.

§  Merck & Co. Inc.

§   Vaccinogen Inc.

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