Cancer Vaccines Market size Witness Comprehensive Growth size 2028 COVID-19
A recent market intelligence report that is published by Data Insights Partner on Cancer Vaccines market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Cancer Vaccines market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Cancer Vaccines market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Cancer Vaccines market is offered. In accordance with the report, the global Cancer Vaccines market is projected to expand at a CAGR of 15% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Cancer vaccines are the vaccines which use to prevent or treat existing cancer (such as cervical cancer, some types of liver cancer). Currently HPV vaccines and Hepatitis B vaccines are available in the market. With emergence of Human Papilloma Virus (HPV) and Hepatitis virus, several companies are continuously engaged in the manufacturing of new and effective cancer vaccines. In addition, BCG vaccines are considered as one of the effective treatment options for treating bladder cancer. The demand for cancer vaccines is on the rise due to rising number of cervical cancer, anal cancer, prostate cancer, some types of liver cancer, government support for the development of cancer vaccines.
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Rapidly increasing incidence of cervical cancer, anal cancer, prostate cancer, liver cancer, bladder cancer etc. is likely to propel the growth of cancer vaccines market. According to the WHO, cervical cancer is the fourth most cause of death among female cancer. In the US, approximately 500,000 women are being affected with cervical cancer which represents almost 5-7% of the entire female cancer. In 2018, 80% of the death cases from cervical cancer was found from the developing countries. Furthermore, prostate cancer is another global concern for men- recently, the new cases of prostate cancer has exceeded the incidence of breast cancer in the U.K, revealed by BBC. Healthcare infrastructure is another prime factor to influence the diagnosis and treatment rate of cancer. High income countries such as the U.K., the U.S., Germany, France etc. have been witnessing high diagnosis and treatment rate as those countries have robust healthcare infrastructure.
Strict Intellectual Property Rights (IPR) law is another prime concern for the cancer vaccine makers. Under section 3-D of Indian Patent law, mere discovery of the new form or new substance of vaccine, would not be patentable if the efficacy of the new form of the vaccine is not properly enhanced for preventing or treating cancer. In addition, the cancer vaccine markers can’t commercialize the vaccines at the cost which can’t be afforded by the common people of India, according to the “Compulsory Licensing” rule under Indian Patent Act. Furthermore, stringent regulatory landscape is another issue for the cancer vaccines maker. In 2001, the United States of District Court for the Southern District of Ohio ordered Amscot Medical Laboratory, Inc. to recall the Hepatitis B vaccine for improper storage, risk of adulteration and not complying cGMP rules.
The vaccines makers such as Merck, Glaxo Smith Kleine (GSK), etc. have been investing a significant amount in research and development for vaccines. For example, almost 60% growth in R&D investment in 2017 as compared to the last year has been witnessed by Merck, or over 25% growth in R&D investment in 2017 as compared to 2016 has been shown displayed by Glaxo Smith Kliene (GSK). In addition, other prominent companies have been rigorously working on cancer vaccines- for example, Pfizer’s prostate cancer vaccine in phase 2, Aduro Biotech’s multiple myeloma vaccine in phase 1 etc. Several partnerships, mergers and acquisitions activities have been observed in the cancer vaccines industry. For example, the Sanpower Group, a Chinese private equity firm acquired Valeant Pharmaceutical’s blockbuster prostate cancer vaccine, Provengne in 2016 or Ephiphany, Merck and Pfizer collaborated to progress a study on breast cancer vaccines in 2017. Furthermore, CSL Pharma, a Melbourne based vaccine maker obtained marketing opportunity of GARDASIL in some specific countries. In April 2019, Vaccibody’s VB10.NEO and Nektar Therapeutics has collaborated in order to induce a strong immune response against cancer cells, in particular in a mouse model of colon cancer.
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Segment Covered:
This market intelligence report on the global Cancer Vaccines market encompasses market segments based on technology, type, indication, end user and geography. On the basis of technology, the sub-markets is segmented into whole cell cancer vaccines, dendritic cells cancer vaccines, antigen/adjuvant cancer vaccines, recombinant cancer vaccines, viral vector & DNA cancer vaccines . Furthermore, the global Cancer Vaccines market is broken down into preventive and therapeutic cancer vaccines, by type. By indication, the global Cancer Vaccines market is segregated into prostate cancer, cervical cancer and others. In terms of end user, the global Cancer Vaccines market is divided into adult and pediatric cancer vaccines. By Geography, the global Cancer Vaccines market has been divided into North America (the U.S., Canada), Latin America (Brazil, Mexico, Argentina and other countries), Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries), Asia Pacific (India, Japan, China, Australia and New Zealand and other countries), Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as Aduro Biotech, AstraZeneca Plc, Merck & Co., Inc., GlaxoSmithKline Plc, Pfizer, Inc., Sanofi, CSL Limited, Astellas Pharma Inc., Serum Institute of India Pvt Ltd., The Sanpower Group, Heat Biologics, TapImmune, Bavarian Nordic, GreenSignal Biopharma Pvt Ltd., Organon Technica Corp LLc., VBI Vaccines Inc., Cipla Limited,GeoVax Labs, Inc., Yeda Research, Carogen Corporation etc. among others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Cancer Vaccines market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Cancer Vaccines market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Cancer Vaccines market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as. Aduro Biotech, AstraZeneca Plc, Merck & Co., Inc., GlaxoSmithKline Plc, Pfizer, Inc., Sanofi, CSL Limited, Astellas Pharma Inc., Serum Institute of India Pvt Ltd., The Sanpower Group, Heat Biologics, TapImmune, Bavarian Nordic, GreenSignal Biopharma Pvt Ltd., Organon Technica Corp LLc., VBI Vaccines Inc., Cipla Limited,GeoVax Labs, Inc., Yeda Research, Carogen Corporation and among others
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Cancer Vaccines market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Cancer Vaccines market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Cancer Vaccines market
v Identification of key factors driving investment opportunities in the Cancer Vaccines market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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