Published Date : 05 May 2023
The cancer biological therapies industry size was worth USD 98.73 billion in 2022. It is projected to expand significantly and reach USD 213.6 billion by 2032 with a remarkable compound annual growth rate (CAGR) of 8.02% expected between 2023 and 2032.
The number of cancer cases has increased, which has increased the demand for cancer biological treatment and increased its industry share. In addition to that, it is growing in acceptance around the globe because of people's perceptions that it is secure and a wonderful substitute.
Market Growth:
By specifically targeting malignant cells and minimizing the impact on healthy tissue, biological treatments have transformed the field of oncology. The majority of this publication's attention is given to fresh treatments that have improved the way some types of cancer are treated. Both immunotherapy, which has consistently shown to be a ground-breaking treatment for melanoma, and CAR T-cell-based B-ALL therapy are crucial to this development. To increase the effectiveness and bioavailability of these treatments, bispecific antibodies, and CAR T cells are now being modified. Genetic or protein components of cancer cells that promote growth and metastasis are the focus of biological treatment.
Biological therapies are more effective than conventional medicines for several forms of cancer. Cancers of the brain, breast, lung, colon, prostate, bladder, kidney, liver, skin, leukemia, head and neck, cervical, ovarian, and lymphoma can all be treated with biological treatment. Global population aging has improved the industry. Biological therapy has surpassed other chemotherapies on the industry in popularity because it is a focused method of treating cancer that does not significantly harm nearby healthy cells in the body.
Cancer Biological Therapy Industry Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 106.65 Billion |
| Projected Forecast Revenue in 2032 | USD 213.6 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 8.02% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Regional Analysis:
One of the largest health problems in the US is cancer, which is presently the second leading cause of death. As of 2020, heart disease was the leading cause of death in the country, accounting for 21% of fatalities, compared to cancer's almost 18% mortality rate. Males born in the United States have a 40% lifetime risk of acquiring invasive cancer, compared to 38.5 percent for females. Males have a 40% lifetime risk of developing invasive cancer. In the U.S., it is predicted that there will be over 1.9 million new cases of cancer and more than 609,000 deaths from cancer in 2022.
A significant increase in the Asia Pacific industry for cancer biological treatments is projected throughout the projection period. Due to the increased incidence of cancer, the sizable patient population, and advancements in cancer therapy, the regional industry for cancer biological therapies is anticipated to grow more quickly than the national average. The complexity of healthcare, the industry for cancer biological therapy in the Asia Pacific, the rapid advancement of molecular biology methods, and innovative approaches are all expected to contribute to the industry's growth over the next years.
Market Dynamics:
Drivers:
Reduce cancer recurrence and be effective when other treatments fail
Works when other therapies fail. In contrast to conventional cancer therapies like radiation or chemotherapy, biological therapy is more effective in treating some cancer types. less adverse reactions. Since the treatment just affects your immune system and not all of your body's cells, it has fewer adverse effects than other cancer therapies. Cut down on cancer recurrence. During biological treatment, immune cells acquire the ability to identify and eradicate malignant cells. The immune system can continue to recognize cancer cells long after treatment has ended because of immunological memory. As a result, the immune system will keep targeting the cancer cells and stop them from reappearing.
The global industry for cancer biological therapies is expected to grow fast as a result of the rising demand for these treatments due to growing knowledge and awareness in the future years. This is a result of more public and private groups providing financing for advanced treatment research and development. Furthermore, it is anticipated that favorable government policies in developed countries for the treatment of cancer would drive the worldwide industry for biological cancer treatments.
Restraints:
Cancer biological treatment side effects
Biological medication therapy is not without side effects, despite having beneficial benefits. The medication safety evaluations revealed that cardiovascular occurrences, elevated triglyceride levels, and upper respiratory tract infections which affected 20% of patients were the most frequent adverse responses.
According to the method of treatment, biological therapy side effects, which usually resemble flu-like symptoms, might include fever, chills, nausea, vomiting, lack of appetite, and fatigue.
Opportunities:
Research into epigenetics, or the way that genes may turn "on" or "off" in response to environmental factors, is transforming how we think about cancer and many other diseases. Several novel medications are now being tested in clinical settings at MSK as a result of it. They all concentrate on the epigenetic enzymes that control a cell's genetic programming. The medicines aim to put the cancer cells back on a course toward normal growth and development rather than destroying the cancer cells.
Patients with acute myeloid leukemia (AML) and myelodysplastic syndromes are being investigated for one such medication, known as AG-221. In 159 individuals with relapsed and treatment-resistant AML as of September 2015, the medication achieved a 38% response rate.
Type Insights:
With over $100 billion in combined yearly global sales, antibody therapies have established themselves as both clinically and financially effective drugs. The number of FDA approvals for these products is quickly nearing 100. Oncology is the field in which nearly half of the therapeutic antibodies are employed. Based on their various methods of action, these antibody-based cancer treatments may be divided into three groups: (i) natural characteristics, (ii) engagement of cytotoxic T cells, and (iii) delivery of cytotoxic payloads. The very stable and modular structure of the antibody molecule serves as the basis for both its inherent and designed features. We present an overview and forecast of the quickly changing environment of antibody-based cancer treatment in this study.
Monoclonal antibodies are a potential class of targeted anticancer medicines that improve the functioning of the body's immune system to inhibit the growth and spread of cancer cells. The creation of numerous therapeutic antibodies, including antibody fragments, bispecific antibodies, and antibody derivatives, has been sparked by the successful use of IgG monoclonal antibodies. (e.g., antibody–drug conjugates and immunocytokines).
Distribution Channel Insights:
The cancer biological therapy industry is dominated by specialized cancer treatment facilities. With the help of major financing from governments and commercial businesses throughout the world, there has been a huge increase in the number of cancer research facilities and labs.
The category is growing because there are more treatment alternatives available and because there are more cancer treatment facilities in some developing countries. The segment is being driven ahead by the rising global burden of cancer caused by rising cigarette and alcohol use.
Due to their rising prevalence in developing countries and the accessibility of a wide variety of medical equipment for diagnosis and surgery, hospitals and clinics are one of the global industrial segments that are expanding at the quickest rate.
Recent Development:
Major Key Players:
Market Segmentation:
By Type
By Phases
By Distribution Channel
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2623
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333
