The global cancer immunotherapy market size was valued at $85,603.50 million in 2022 and is expected to grow $309,667.65 million by 2030 at a compound annual growth rate (CAGR) of 9.6% from 2022 to 2030. North America is the largest market for cancer immunotherapy, followed by Europe and the Asia Pacific region.

The rising incidence of cancer worldwide is a significant driver of the cancer immunotherapy market. According to the World Health Organization (WHO), cancer is the second leading cause of death globally, with an estimated 10 million deaths in 2020. As the incidence of cancer continues to increase, the demand for effective cancer treatments also rises.

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Personalized medicine involves tailoring treatments to the specific needs of individual patients. Immunotherapy offers the potential to personalize cancer treatment, as it can be tailored to the specific type of cancer and genetic makeup of a patient's tumor. As a result, there is a growing demand for immunotherapy treatments that can offer more personalized care for cancer patients.

Market Dynamics

Immunotherapy treatments can be very expensive, and this cost may be a barrier for some patients and healthcare systems. In addition, the high cost of developing and producing these treatments can limit their availability and affordability.

While immunotherapy treatments can be effective in treating cancer, they can also cause significant side effects. These side effects can be severe and may require additional treatment, which can limit the use of immunotherapy in some patients.

Not all patients respond equally to immunotherapy treatments, and selecting the right patients for these treatments can be challenging. More research is needed to identify biomarkers and other factors that can help predict which patients are most likely to respond to immunotherapy.

Some cancer cells can develop resistance to immunotherapy treatments over time, which can limit their effectiveness. Developing strategies to overcome resistance to these treatments is a major challenge facing the field.

Combining different immunotherapy treatments, or combining immunotherapy with other types of cancer treatments, has the potential to improve outcomes for cancer patients. Developing effective combination therapies is a major opportunity for the industry.

There is still much to be learned about the immune system and its role in cancer. Developing new and innovative immunotherapy treatments that target different aspects of the immune system could offer significant opportunities for growth and innovation.

The global cancer immunotherapy market is expected to grow significantly in the coming years, driven by factors such as increasing incidence of cancer, growing demand for personalized medicine, and advancements in immunotherapy research and development.

Cancer vaccines are designed to stimulate the immune system to recognize and attack cancer cells. These vaccines can be used to prevent cancer or to treat existing cancer. Key players in this segment include AstraZeneca and GlaxoSmithKline.

Adoptive cell transfer therapies involve removing T cells from a patient's blood, modifying them in the lab to target cancer cells, and then infusing them back into the patient's body. This approach has shown promise in treating certain types of cancer. Key players in this segment include Kite Pharma and Juno Therapeutics. Other products in the cancer immunotherapy market include cytokines, oncolytic virus therapies, and immune system modulators. These products work by stimulating the immune system to attack cancer cells or by modifying the tumor microenvironment to make it more susceptible to immune attack. Key players in this segment include Novartis and Amgen.

Colorectal cancer is the third-largest application segment in the cancer immunotherapy market. Immunotherapy treatments have shown promise in treating certain types of colorectal cancer, particularly those with high levels of microsatellite instability. Key players in this segment include Bristol-Myers Squibb and Merck.

Regional Analysis

Breast cancer is a common cancer in women, and immunotherapy treatments have shown promise in treating certain types of advanced breast cancer. Key players in this segment include Roche and AstraZeneca. Other applications of cancer immunotherapy include head and neck cancer, bladder cancer, and prostate cancer. These indications represent smaller segments of the market but are expected to grow in the coming years as new products are developed. Key players in these segments include Merck, Bristol-Myers Squibb, and AstraZeneca.

Latin America is a growing market for cancer immunotherapy, driven by factors such as rising incidence of cancer, improving healthcare infrastructure, and increasing awareness of immunotherapy treatments. Brazil is the largest market in the region. Key players in the region include Bristol-Myers Squibb, Merck, and Roche.

The Middle East & Africa region is a relatively small market for cancer immunotherapy, but it is expected to grow in the coming years due to factors such as rising incidence of cancer, improving healthcare infrastructure, and increasing availability of immunotherapy treatments. Key players in the region include Merck and Bristol-Myers Squibb.

Competitive Analysis

Some of the major players in the global cancer immunotherapy market include Bristol-Myers Squibb, Merck & Co., Inc., F. Hoffmann-La Roche Ltd., Novartis International AG, and AstraZeneca.

Bristol-Myers Squibb is a leading player in the cancer immunotherapy market, with a strong portfolio of products including Opdivo and Yervoy. The company has a strong presence in North America and Europe.

Merck & Co. is another major player in the cancer immunotherapy market, with a portfolio of products including Keytruda. The company has a strong presence in North America and Asia-Pacific.

Roche is a leading player in the cancer immunotherapy market, with a portfolio of products including Tecentriq and Avastin. The company has a strong presence in Europe and Asia-Pacific.

In 2021, AstraZeneca acquired Alexion Pharmaceuticals in a deal worth $39 billion. This acquisition will expand AstraZeneca's presence in the rare disease market and boost its pipeline of immunology drugs.

In 2021, Bristol-Myers Squibb announced plans to acquire biotech company MyoKardia in a deal worth $13.1 billion. MyoKardia is focused on developing drugs for the treatment of cardiovascular diseases.

In 2020, Gilead Sciences acquired Immunomedics for $21 billion. Immunomedics is focused on developing antibody-drug conjugates for the treatment of cancer.

In 2020, Merck & Co. announced plans to acquire biotech company VelosBio for $2.75 billion. VelosBio is developing antibody-drug conjugates for the treatment of cancer.

In 2019, Bristol-Myers Squibb completed its acquisition of Celgene in a deal worth $74 billion. Celgene is a leading player in the cancer immunotherapy market, with a portfolio of products including Revlimid and Pomalyst.

In 2018, Novartis acquired AveXis for $8.7 billion. AveXis is focused on developing gene therapies for the treatment of rare diseases, including certain types of cancer.

In 2017, Gilead Sciences acquired Kite Pharma for $11.9 billion. Kite Pharma is a leader in the development of CAR-T cell therapies for the treatment of cancer.

Segmentation Analysis of The Global Cancer Immunotherapy Market 2022-2030

The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global Cancer Immunotherapy market report based on capacity, vehicle, application, and propulsion type along with regional analysis. 

Product Outlook (Revenue, USD Million, 2022 - 2030)

• Monoclonal Antibodies
• Immunomodulators
• Oncolytic Viral Therapies and Cancer Vaccines

Application Outlook (Revenue, USD Million, 2022 - 2030)

• Lung Cancer
• Breast Cancer
• Colorectal Cancer
• Melanoma
• Prostate Cancer
• Head and Neck Cancer
• Ovarian Cancer
• Pancreatic Cancer
• Others

Distribution Channel Outlook (Revenue, USD Million, 2022 - 2030)

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

End-use Outlook (Revenue, USD Million, 2022 - 2030)

• Hospitals & Clinics
• Cancer Research Centers
• Others

Regional Outlook (Revenue, USD Million, 2022 - 2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America