The Cancer Vaccines Market was worth $ 2.84 billion in 2016 and estimated to reach $ 6.28 billion by the end of 2021 with a growing potential of 17.11 %.
Hyderabad, India -- (SBWIRE) -- 02/26/2018 -- The report on " Cancer Vaccines Market by Treatment type (Prophylactic and Therapeutic), by Cancer Type – (Cervical, Colorectal, Throat, Prostate, and others), by Vaccine Type – (Tumour cell, Genetic and Protein/Peptide Vaccines, Dendritic cell), by End User – (Cancer Treatment Centres, Research Institutes) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", is published by Market Data Forecast". The Global Cancer Vaccines Market is estimated to grow at a CAGR of 17.11% to reach the valuation of $ 6.28 billion by the end of 2021, from the 2016's valuation of $ 2.84 billion. Increasing the vendor's patient-assistance programs and raising the smoking and excessive alcohol intake by people are projected to boost the demand for market growth. Other prominent factors attributing the market growth are the increase in the prevalence of HPV infections and cancer among people across the globe, raising the demand for strong late-stage pipeline Vaccines. Increasing the awareness about vaccines among individuals is one of the major factors driving the growth of the market. However, the high cost of vaccines and stringent regulatory procedure are hindering the growth of the market.
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The fragmentation of global Cancer Vaccines Market is done on the basis of vaccine, treatment, end-users, and cancer. On the idea of treatment type, the Cancer Vaccines Market is segregated into Genetic, Tumour cell, Protein/Peptide Vaccines, Dendritic cell. On the origin of end-users, the market is divided into Cancer Treatment Centres and Research Institutes.
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Under the categorization of vaccine type, the global Cancer Vaccines Market is classified as dendritic cell, Genetic vaccines, Protein based, Tumour cell, Peptide based, and others. On the source of cancer type, the market is categorized as Throat, Prostate, Colorectal, Cervical, and others.
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North America dominated the market in 2017
With respect to the region, the Global Cancer Vaccines Market is classified as Middle East and Africa, Europe, Latin America, and Asia-Pacific, North America. The North America accounted the largest share that is nearly 70% of the Cancer Vaccines Market. The North American market for Cancer Vaccines Market is witnessing a substantial growth as a result of high growth attributable to rise in the count of cancer deaths, and growing the awareness regarding cancer by the government.
The various players in the Cancer Vaccines Market include Celldex Therapeutics, Vaxon Biotech, Altor BioScience, Argos Therapeutics, Oxford BioMedica, Galena Biopharma, Sotio, Prsima BioMed, Advantagene, Vaccinogen, Immatics, Juvaris Biotherapeutics, Agenus, Transgene, AVAX Technologies, Inovio Pharmaceuticals, Northwest Biotherapeutics, NovaRx, Dendreon, NewLink Genetics, Biothera, Gradalis, Merck, Heat Biologics, ISA Pharmaceuticals, GlobeImmune, GlaxoSmithKline, Aduro Biotech, Ubivac, CureVac, ImmunoCellular Therapeutics, Bavarian Nordic, Oncovir, Advaxis, Genexine, OncoThyreon.
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