October 20, 2021
According to the research report titled ‘Cancer Vaccines Market, Pipeline Analysis Report 2020’, available with MarketStudyReport, global cancer vaccines market is slated to be worth USD 8.5 billion by the end of forecast period 2020-2025.
Rising number of cancer cases across the world, heavy inflow of investments, government funding, and ongoing technological developments are the major factors propelling worldwide cancer vaccines market growth.
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Notably, the COVID-19 pandemic caused a pronounced shift in the healthcare industry, as major efforts were directed towards curbing the spread of the novel virus. This resulted in a slowdown of prevention, diagnosis, and treatment processes for other fatal illnesses like cancer. However, the recent relaxation of restrictions and bouncing back of clinical trials and R&D activities for development of cancer vaccines is expected to bolster the market outlook in the forthcoming years.
Apart from offering insights on growth drivers and inhibitors, the research report also provides up-to-date information on the current scenario while presenting a future outlook of the industry. It uses historical data from 2015-2019 to predict the growth rate of global cancer vaccines industry revenue over the forecast period 2020-2025.
In addition, the study incorporates an in-depth assessment of the 4 leading marketed cancer vaccines, namely Gardasil, Cervarix, Provenge, & Imlygic, and estimates their market share, size, and revenues through 2025.
A clear insight into the funding of the cancer vaccines studies is included in order to map out the growth trajectory of the industry in the upcoming years. Pivotal information pertaining to the regulatory framework, which encompasses a summary of the approval system as well as an overview of the regulatory authorities in the EU, the United States, and Japan, is also included.
Prominent players influencing worldwide cancer vaccines marketplace are Merck & Co. Inc., GlaxoSmithKline plc, Dendreon Pharmaceuticals LLC, and Amgen Inc. Meanwhile, emerging players in the industry sphere include GlobeImmune Inc., Genexine Inc., AlphaVax Inc., Agenus Inc., MimiVax LLC, AdaptVac, Vaximm AG, Immunicum AB (DCprime), CureVac N.V., EpiThany Inc., Treos Bio Ltd., ViciniVax B.V., Medigen Inc., OncoPep Inc., IO Biotech ApS, Moderna Inc., Polynoma LLC, and among others.