The growing popularity of cancer vaccines can be attributed to several factors including rising incidences & prevalence of cancer cases globally and increasing investment in the field of R&D for development of new vaccine formulations.
New York, NY -- (SBWIRE) -- 04/07/2020 -- Cancer vaccines are the vaccines that either treat the cancer or prevent the progression of the cancer cells in the body. Vaccines that cure the prevailing cancer in the body are called as therapeutic cancer vaccines. Some of the vaccines are also known as 'autologous' that are prepared from the samples of the patient and are patient-specific. The cancerous cells attack the body's immune system to weaken the immunity, which results in the formation of tumor, hence, cancer. But, with the growing advancements in cancer domain, vaccines are proving their efficiency in preventing diseases caused by bacteria and viruses.
Top Major Players:
The prominent players operating in the global cancer vaccines market are AstraZeneca, Bavarian Nordics, GlaxoSmithKline, Pfizer Inc., CSL Limited, Sanofi Pasteur, Merck & Co., Inc., Bristol-Myers Squibb, Astellas Pharma Inc., Aduro BioTech, Inc., and Dendreon among others
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Pharmaceutical companies have a considerable number of products under clinical trials and strong product pipeline for cancer vaccines is a major factor contributing to the extensive growth of the market. For instance, Bavarian Nordic's CV301 + nivolumab (Colorectal cancer) and CV301 + atezolizumab (Bladder cancer) are currently under Phase II clinical trials. Similarly, AlphaVax's, PSMA (prostate cancer) and TRP2 (melanoma) are under phase I/II and pre-clinical respectively.
North America is estimated to account for the highest market share in the global cancer vaccines market in the coming years. The large share of this region can be attributed to several factors such as extensive investments & funding for R&D projects, supportive government regulations, fast-track approval process of vaccines and presence of advanced healthcare infrastructure. Moreover, availability of systematic & favorable health insurance policies & schemes by both government & non-government agencies have further propelled the adoption of cancer vaccines in this region.
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The Research Provides Answers To The Following Key Questions:
-What is the estimated growth rate and market share and size of the cancer vaccines marketfor the forecast period 2019 - 2030?
-What are the driving forces in the cancer vaccines market for the forecast period 2019- 2030?
-Who are the prominent market players and how have they gained a competitive edge over other competitors?
-What are the market trends influencing the progress of the cancer vaccines market industry worldwide?
-What are the major challenges and threats restricting the progress of the industry?
-What opportunities does the market hold for the prominent market players?
Table of Contents
Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
Data Collection Technique
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESMENT
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