Personalized immunotherapy is a biologic treatment for different type of cancer. Personalized immunotherapy boost the natural body defense system time to overcome with the cancer. Personalized immunotherapy uses the substance which are made up of human body or prepared in the laboratory to improve or restore the immune system of body. Personalized immunotherapy target to restore the immume system of human body to combat the cancer cell. Immune checkpoint blockade through anti-PD-1, PD-L1, and CTLA-4 inhibitors are the key substenaces which are used during the personalized immunotherapy. The most common used drugs for the personalized immunotherapy is Ipilimumab, Nivolumab, Pembrolizumab, Atezolizumab, Avelumab, and Durvalumab. Personalized immunotherapy is mostly used to treat the leukemia, non-melanoma cancer, and more recently to treat mid-stage lung cancer. Only7 fraction of people are expected to show dramatic side effect after the personalized immunotherapy for treatment of cancer.
Personalized Immunotherapy Market: Drivers and Restraints
Rising prevalence of leukemia and prostate cancer is the primary factor driving the growth of personalized immunotherapy market. Moreover, increasing funding by the government for the development of novel therapies for the treatment of cancer is expected to boost the personalized immunotherapy market over the forecast period. Additionally, rising focus of pharmaceutical companies to launch more improved drugs in the market for the treatment of cancer is also expected to fuel the growth of personalized immunotherapy market over the next decade. Also, the upsurge in treatment adoption in developing countries is anticipated to boost the revenue growth of personalized immunotherapy market. On other hand, high cost of drugs may hamper the growth of personalized immunotherapy market to some extent. Moreover, the lack of awareness among the people about the advance therapies for cancer treatment will also deter the growth of personalized immunotherapy market over the forecast period.
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Personalized Immunotherapy Market: Segmentation
The global Personalized Immunotherapy market is classified on the basis of product type, end user, and region.
Based on therapy type personalized immunotherapy market is segmented into following:
- Monoclonal Antibodies
- Non-specific immunotherapies
- T-Cell Therapy
- Cancer Vaccines
Based on application personalized immunotherapy market is segmented into following
- Prostate Cancer
- Brain Cancer
- Breast Cancer
Based on distribution channel personalized immunotherapy market is segmented into following:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
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Personalized Immunotherapy Market: Market Overview
The global personalized immunotherapy market is expected to show significant growth over the forecast period due to the rise in funding by government for the development of novel drugs. According to GLOBOCAN, cancer burden has risen to 18.1 million cases and 9.6 million cancer deaths in 2017. GLOBOCAN also estimated than there has been 1.3 million cases of prostate cancer worldwide in 2017. By therapy type, monoclonal antibodies segment is expected to gain the maximum market share though immune checkpoint inhibitors most widely preferred for personalized immunotherapy. Prostate cancer segment by application is expected dominate the market by revenue due high adoption of personalized immunotherapy for the treatment of prostate cancer. Among all distribution channel hospital pharmacies is expected to be most dominant segment whereas retail pharmacies segment is anticipated show higher growth rate.
Personalized Immunotherapy Market: Regional Overview
On the basis of geography, Personalized Immunotherapy market is classified into eight key regions viz. North America, Latin America, Europe, APECJ, China, Japan, Middle East and Africa. North America is expected to dominate the global personalized immunotherapy market due to the rise in research and development for the development of novel drugs. After North America personalized immunotherapy market is then followed by Europe due to rising incidences of cancer in this region. APEC and China is the fastest growing region for global personalized immunotherapy market owing to rising number of contract research organization in this region. Latin America and Middle East and Africa is the least lucrative region for personalized immunotherapy market due to lack of awareness among the people about the advance therapies for the treatment of cancer.
Personalized Immunotherapy Market: Key Players
Some of the key players found across the value chain of personalized immunotherapy market are BriaCell Therapeutics, Gilead Sciences, Inc., Cellectis S.A., Neon Therapeutics, Loxo Oncology. Bristol?Myers Squibb Company, Merck & Co., Inc., F. Hoffmann-La Roche AG, Pfizer Inc., and AstraZenecaplc.
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This post was originally published on Space Market Research