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Cancer Vaccine Market Trends

  • Report ID: GMI10285
  • Published Date: Jul 2024
  • Report Format: PDF

Cancer Vaccine Market Trends

Advancements in biotechnology and immunotherapy are pivotal in the development and effectiveness of cancer vaccines. These innovations have enabled the design of vaccines that can precisely target cancer cells, enhancing the body's immune response against tumors. Biotechnology has facilitated the creation of recombinant DNA vaccines, oncolytic virus vaccines, and personalized neoantigen vaccines, which are tailored to the unique genetic makeup of an individual's cancer.
 

  • Combining cancer vaccines with checkpoint inhibitors, such as PD-1/PD-L1 and CTLA-4 inhibitors, enhances the immune response against cancer cells. Additionally, the incorporation of immune-stimulating agents (adjuvants) boosts the effectiveness of cancer vaccines, creating a more robust immune attack on tumors.
     
  • Personalized cancer vaccines such as neoantigen vaccines, utilize unique tumor-specific antigens derived from an individual patient's tumors to create highly personalized vaccines. The use of mRNA technology to encode neoantigens has been particularly impactful, stimulating the immune system to target and destroy cancer cells effectively.
     
  • Further, advancements in targeted delivery systems have improved the efficacy of cancer vaccines while minimizing side effects. These systems ensure that vaccine components are delivered precisely where they are needed, enhancing the immune response and reducing collateral damage to healthy tissues, thereby contributing to market growth.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Cancer vaccine market size was valued at USD 9.1 billion in 2023 and is estimated to grow at 11.2% CAGR from 2024 to 2032 driven by the rising prevalence of cancer.

The preventive vaccine segment in the market is expected to generate USD 15.5 billion by 2032 as preventing cancer through vaccination reduces the need for costly treatments.

U.S. cancer vaccine market is projected to reach USD 8.5 billion by 2032 owing to the increasing prevalence of cancer in the country

Ayala Pharmaceuticals, AstraZeneca PLC, Amgen Inc., Bristol-Myers, Squibb Company, Dynavax Technologies Corporation, Dendreon Pharmaceuticals LLC, Ferring Pharmaceuticals, and F. Hoffmann-La Roche Ltd among others.

Cancer Vaccine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 288
  • Countries covered: 23
  • Pages: 195
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