Cancer Biological Therapy Market Size Worth USD 211.23 Billion in 2032 | Emergen Research

Vancouver, Jan. 03, 2024 (GLOBE NEWSWIRE) -- The global cancer biological therapy market reached USD 99.00 Billion in 2022, expected to grow at a rapid CAGR of 8.0% during the forecast period. Factors driving growth include the increasing prevalence of cancer, rising R&D funding, and favorable government policies.

Biological therapy leverages the body's immune system to fight cancer without harming healthy cells, with advancements in cancer biologics driven by technologies like Artificial Intelligence (AI) and Machine Learning (ML). High treatment costs, especially for cancer drugs, pose a challenge to market growth, limiting accessibility and affordability. Immunotherapy emerges as a transformative trend in cancer biological therapy, harnessing the body's immune system for precise and personalized cancer treatment.

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Driving Factors:

Biological Therapy Advancements: Biological therapy employs the body's immune system to combat cancer cells selectively, with monoclonal antibodies (MAB) playing a crucial role. Rising recognition of immunotherapy's effectiveness propels the MAB segment to dominate the market.

Technological Innovations: Developed countries witness significant advancements in cancer biologics, driven by the integration of AI and ML. These technologies contribute to drug discovery, identifying new treatment targets and enhancing the efficacy of cancer treatments.

Immunotherapy Trend: Immunotherapy, a groundbreaking approach in cancer biological therapy, harnesses the immune system to target and destroy cancer cells. Recent gene delivery and targeted therapy advancements have positioned immunotherapy as a forefront method in cancer treatment.

Challenges:

High Treatment Costs: The high cost of cancer drugs poses a significant challenge, hindering accessibility and affordability. The financial burden on patients and healthcare systems discourages comprehensive coverage, leading to substantial out-of-pocket expenses and potential personal bankruptcies.

Trends:

Immunotherapy Revolution: Immunotherapy stands out as a recent trend, offering precise and personalized cancer treatment options. Leveraging various strategies, including checkpoint inhibitors, monoclonal antibodies, and CAR-T therapies, immunotherapy marks a paradigm shift in cancer care.

Product Insights:

Monoclonal Antibodies (MAB) Lead: In 2022, the MAB segment accounted for the largest revenue share. MABs with immunotherapeutic properties stimulate the immune response, providing a dual-action approach that enhances treatment outcomes.

Vaccine Segment Grows: The vaccine segment is expected to witness moderate growth, employing diversified prime-boost strategies to stimulate the host immune system comprehensively.

Route of Administration Insights:

Oral Segment Dominates: The oral segment is expected to hold a significantly large revenue share, catering to the treatment of oral cavity cancer. Early-stage cases and multimodal treatment approaches contribute to the dominance of the oral administration route.

Injectable Segment Grows Rapidly: The injectable segment is projected to register the fastest growth rate, offering enhanced efficacy in targeting cancer cells through intravenous administration.

Distribution Insights:

Research Laboratories Lead: Research laboratories are anticipated to account for the largest revenue share, playing a pivotal role in developing reliable and evidence-based cancer treatments through clinical trials.

Hospitals and Clinics Steady Growth: Hospitals and clinics are expected to register steady growth, equipped with specialized oncologists and facilities for administering complex cancer treatments.

Regional Insights:

North America Dominates: North America led the market in 2022, driven by a high prevalence of cancer, advanced healthcare infrastructure, and robust healthcare expenditure. Investments in advanced cell therapies underscore the region's commitment to cancer immunotherapy.

Europe Shows Fast Growth: Europe is expected to register fast growth, focusing on understanding and targeting the tumor microenvironment. Immunotherapy gains prominence with promising results from immune checkpoint inhibitors.

Asia Pacific Holds Significant Share: The Asia Pacific market is poised to account for a considerably large revenue share. Limited access to essential cancer medicines in low- and middle-income countries presents challenges, impacting patient care and outcomes.

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Scope of Research

Major Companies and Competitive Landscape

The global cancer biological therapy market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient cancer biological therapy solutions in the market. Some major players included in the global cancer biological therapy market report are:

• Incyte
• ELI Lilly
• Merck
• Sanofi
• Bayer
• Novartis International
• Roche
• Pfizer
• Bristol-Myers Squibb
• Amgen
• Seattle Genetics
• Takeda Pharmaceuticals
• Spectrum Pharmaceuticals
• GlaxoSmithKline
• Celgene Corporation
• Otsuka
• AstraZeneca, Plc.
• Abbvie
• Eisai
• BioCanRx

Strategic Development

• On May 19, 2022, Bevacizumab, a cancer medication, was first made available in Canada by Biocon Biologics and Viatris, previously Mylan. It was marketed under the Abevmy brand. The Abevmy was created by two firms, Biologics and Viatris.
• On February 28, 2022, The FDA approved Janssen Pharmaceutical Companies of Johnson & Johnson's CARVYKTI, also known as ciltacabtagene autoleucel, in the U.S. This biologic drug is indicated for adults with Relapsed or Refractory Multiple Myeloma (RRMM) who have had four or more previous treatments, such as immunomodulator, proteasome inhibitor, and anti-CD38 monoclonal antibody.

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Segments Covered in Report

For the purpose of this report, Emergen Research has segmented global cancer biological therapy market on the basis of type, application, deployment, enterprise size, component, vertical. and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
  • • • Monoclonal Antibodies (MAB)

• • 1. Naked MAB
    2. Conjugated MAB
    3. Bispecific MAB

• • • • Vaccine

• • 1. Preventive Vaccines
    2. Therapeutic Vaccines

• • • • Cancer Growth Blockers

• • 1. Throsine Kinase Inhibitors
    2. Proteasome Inhibitors
    3. mTOR Inhibitors

• • • • Blood Cell Growth Factors

• • 1. Lenograstim
    2. Filgratim

• • • • Cytokines

• • 1. Interferons

2. 2. 2. Interleukins

• Route of Administration Outlook (Revenue, USD Billion; 2019-2032)
  • Oral
  • Injectable
• Type Outlook (Revenue, USD Billion; 2019-2032)
  • Monoclonal Antibodies
  • Interferons
  • Interleukins
  • Cancer Growth Inhibitors
  • Gene Therapy
  • Colony-Stimulating Factors
• End-use Outlook (Revenue, USD Billion; 2019-2032)
  • Hospitals & Clinics
  • Cancer Research Centers
  • Laboratories

• Distribution Outlook (Revenue, USD Billion; 2019-2032)

• • Hospitals and Clinics
  • Retail Pharmacies
  • Research Laboratories

• Cancer Outlook (Revenue, USD Billion; 2019-2032)

• • Acute Pancreatic Cancer
  • Lung Cancer
  • Blood Cancer
  • Colorectal Cancer

•       Regional Outlook (Revenue, USD Billion; 2019–2032)

• • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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