Pune, India -- (SBWIRE) -- 04/02/2019 -- Our latest research report entitled Cancer Immunotherapy Market (by therapeutic area (lung, melanoma, breast, colorectal, blood, prostate cancer), end users (hospitals, ambulatory surgical centers, clinics), therapy type (monoclonal antibodies, system modulators, immune checkpoint inhibitors, vaccines)) Global Industry Analysis, Trends, Market Size, Forecasts up to 2024 provides complete and deep insights into the market dynamics and growth of cancer immunotherapy. Latest information on market risks, industry chain structure cancer immunotherapy cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential cancer immunotherapy growth factors.

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The forecast cancer immunotherapy market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, cancer immunotherapy on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global cancer immunotherapy market is projected to grow at a CAGR of 14.5% over the forecast period of 2018 - 2024.

Cancer Immunotherapy Market: Industry Insights

Immunotherapy, also known as biologic therapy. It helps in cancer treatment by boosting the immunity of the body to fight against cancer. Immunotherapy can work by stopping or slowing the growth of cancer cells and stopping cancer from spreading to other parts of the body. The main types of immunotherapy being used to treat cancer include monoclonal antibodies, Immune checkpoint inhibitors, cancer vaccines, and other, non-specific immunotherapies.

Cancer Immunotherapy Market: Drivers and Restraints

As per WHO, Cancer is the second leading cause of death globally and is estimated to account for 9.6 million death in 2018. Increasing concerns over high death rates due to cancer, rising healthcare expenditure and advancement in cancer treatment technology are some factors responsible for the growth of Cancer Immunotherapy market. Moreover, government aid and help from NGO that promotes cancer care/treatment and, the introduction of new drugs and therapies for cancer are also some factors boosting the demand for the same. However, adverse effects associated with cancer immunotherapy is the major concern among healthcare professionals and patients may hamper the growth of the cancer Immunotherapy market. Furthermore, Introduction of novel cancer drugs products to boost the demand for the cancer immunotherapy Market.

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Cancer Immunotherapy Market: Segmentation

The global cancer immunotherapy market bifurcated into the therapeutic area, end users, and therapy type. Based on the therapeutic area, the global market is divided into include lung cancer, melanoma, breast cancer, colorectal cancer, blood cancer, prostate cancer, and others. On the basis of end users, the global cancer immunotherapy market is categorized into hospitals, ASC'S (ambulatory surgical centers), clinics and cancer research centers. Furthermore, the therapy type segments include monoclonal antibodies, immune system modulators, immune checkpoint inhibitors, cancer vaccines, and others. Monoclonal antibodies are anticipated to hold a significant share in 2017. The benefits such as antibody-dependent cellular toxicity and adaptive immunity offered by monoclonal antibodies are ample the growth of monoclonal antibodies market.

Cancer Immunotherapy Market: Regional Insights

Among the geographies, North America is anticipated to dominate the cancer immunotherapy market. As per the National cancer institute, in 2018, an estimated 1,735,350 new cases of cancer were being diagnosed in the United States and 609,640 people died from the disease. Increasing incidences of cancer, favorable health insurance policies, government, and other private institutes heavily invest in R&D activities are some factors responsible for the growth of the cancer immunotherapy market in the North America region. Moreover, the presence of top players of pharmaceuticals in the U.S. region also surges the market in this region. On the other hand, Europe is the second revenue-generating region for the cancer immunotherapy market. The Asia Pacific is accounted to witness the fastest growth rate in the cancer immunotherapy market during the forecast period. The rapid population coupled with growing incidences of cancer and the introduction of new and advanced immunotherapy drugs strengthening the growth of the market in this region.

Cancer Immunotherapy Market: Competitive Analysis

The major key players in the global cancer immunotherapy market are GlaxoSmithKline Plc, F.Hoffmann-La Roche Ltd., Eli Lilly and Company, Pfizer, Inc., Bristol-Myers Squibb Company, AstraZenca Plc, Amgen, Inc., Novartis AG, Merck & Co., Inc., and Others. Product innovation is the key strategy is to gain a greater market share.

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FDA Approves Breast Cancer Immunotherapy Treatment

In March 2019, making progress in the fight against breast cancer as the Food and Drug Administration approved a new treatment that can save more lives. It is the first combination of immunotherapy drug and chemotherapy for treating an aggressive type of breast cancer that does not respond well to other treatments.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the cancer immunotherapy.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.