The Business Research Company’s Oncolytic Virus Therapy Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Oncolytic Virus Therapy Global Market Report 2023 evaluates oncolytic virus therapy market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global oncolytic virus therapy market is expected to grow from $0.12 billion in 2022 to $0.15 billion in 2023 at a compound annual growth rate (CAGR) of 26.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oncolytic virus therapy market is expected to reach $0.36 billion in 2027 at a CAGR of 24.6%.
The increasing prevalence of cancer cases is expected to propel the growth of the oncolytic virus therapy market going forward. Cancer is a term used to describe a group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. Oncolytic virus therapy offers the potential to selectively target and destroy cancer cells while stimulating an immune response against the tumor, providing a dual mechanism of action for effective cancer treatment. For instance, in 2020, according to Globocan, a Switzerland-based provider of a worldwide database of cancer incidence and mortality rates, there were around 19.29 million new cancer cases, and the number of cancer cases in 5 years is estimated to be 50.55 million. Therefore, the increasing prevalence of cancer cases will drive the future oncolytic virus therapy market.
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The oncolytic virus therapy market segments in the report are:
1) By Therapy Type: HSV-Based Oncolytic Virus Therapy, Adenovirus-Based Oncolytic Virus Therapy, Reovirus, Poxviruses, NDV (Newcastle Disease Virus), Other Therapy Types
2) By Virus Type: Genetically Engineered Oncolytic Viruses, Oncolytic Wild-Type Viruses
3) By Application: Breast Cancer, Lung Cancer, Prostate Cancer, Melanoma, Brain Tumor, Blood Cancer
4) By End-User: Hospitals, Specialty Clinics, Cancer Research Institutes
The table of contents in TBRC’s oncolytic virus therapy market report includes:
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Top Major Players:
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