The Cancer Vaccines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cancer Vaccines Global Market Report 2024, The cancer vaccines market size has grown rapidly in recent years. It will grow from $7.22 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to rising incidence of cancer, increasing awareness of cancer vaccines, expanding range of approved cancer vaccines, growing evidence of the efficacy of cancer vaccines, government support for research and development.
The cancer vaccines market size is expected to see rapidly grown in the next few years. It will grow to $13.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to combination therapies with cancer vaccines, increased investment from pharmaceutical companies, emerging biomarkers, personalized vaccines, expanding vaccination programs. Major trends in the forecast period include advancements in immunology, adjuvant therapies, diversification of indications, patient access, collaborative research, neoantigen-based vaccines, therapeutic cancer vaccines.
The rise in the number of cancer cases across the globe is likely to contribute to the growth of the cancer vaccines market during the forecast period. For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rates globally is anticipated to boost demand for the cancer vaccine market over the coming years.
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The cancer vaccines market covered in this report is segmented –
1) By Type: Preventive Cancer Vaccines, Therapeutic Cancer Vaccines
2) By Technology: Dendritic Cells (DC) Cancer Vaccines, Recombinant Cancer Vaccines, Antigen/Adjuvant Cancer Vaccines, Whole Cell Cancer Vaccines, Viral Vector & DNA Cancer Vaccines
3) By Cancer Type: Prostate, Cervical, Colorectal, Throat, Other Cancer Types
4) By End-User: Cancer Treatment Centers, Research Institutes
Major companies operating in the cell culture market are developing innovative cell culture solutions, such as the cQrex portfolio, to improve the efficiency and productivity of cell cultures and address the challenges of cell culture. cQrex portfolio of cell culture ingredients to increase efficiency and productivity. The cQrex portfolio of cell culture ingredients is a suite of peptides and the keto acid AKG, which are designed to help manage the supply of critical nutrients by improving their stability or solubility in order to increase productivity. For instance, in June 2023, Evonik Industries AG, a Germany-based specialty chemicals company, launched the cQrex portfolio of cell culture ingredients to increase efficiency and productivity. It is a valuable tool for cell culture scientists who are looking to improve the efficiency and productivity of their cell cultures. It is particularly useful for cultures that are used to produce high-value products, such as monoclonal antibodies and vaccines. It is used for its high purity, wide range of applications, and easy of use. Moreover, these ingredients can help cell culture scientists improve the efficiency and productivity of their cell cultures.
The cancer vaccines market report table of contents includes:
- Executive Summary
- Cancer Vaccines Market Characteristics
- Cancer Vaccines Market Trends And Strategies
- Cancer Vaccines Market – Macro Economic Scenario
- Global Cancer Vaccines Market Size and Growth
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- Global Cancer Vaccines Market Competitive Benchmarking
- Global Cancer Vaccines Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cancer Vaccines Market
- Cancer Vaccines Market Future Outlook and Potential Analysis
- Appendix
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