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Cancer Immunotherapy Market Share, Size, Trends, Industry Analysis Report By Type (Monoclonal Antibodies, Cancer Vaccines, Check Point Inhibitors & Immunomodulators); By Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer); By End-user (Hospital, Clinics, Others); By Regions, Segments & Forecast, 2020 - 2026
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Cancer Immunotherapy MarketSet to Exceed USD 117.82 billion by 2026 | CAGR 9.3% “Cancer Immunotherapy Market Share, Size, Trends, Industry Analysis Report By Type (Monoclonal Antibodies, Cancer Vaccines, Check Point Inhibitors & Immunomodulators); By Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer); By End-user (Hospital, Clinics, Others); By Regions, Segments & Forecast, 2020 - 2026”
Cancer Immunotherapy Market Estimate & Forecast to 2026 The global cancer immunotherapy market size is expected to reach USD 117.82 billion by 2026 according to a new study by Polaris Market Research. Increasing pool of patients and greater mortality rates through cancer worldwide have encourage the need for cancer immunotherapy. Cancer is the second leading cause mortalities in 2019, with continuous rise in the number of cancer patient across the globe, as per the report published by WHO. Furthermore, it is estimated that 1 out of 6 deaths occurs due to cancer every year across the globe. As per WHO, nearly one-third of the mortalities from cancer are due to 5 leading behavioral and dietary risk, which includes low fruit and vegetable intake, high body mass index, lack of physical activity, alcohol consumption, and tobacco use. Tobacco is one of the leading factors for the rise in the prevalence of cancer and mortalities that accounted to nearly 22% of the global population. Rising number of cancer patients is the major factor for the growth of global diagnostic biomarker market.
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Cancer Immunotherapy Market Estimate & Forecast to 2026 Moreover, emerging market such as Asia-pacific has substantial opportunity in the market. The factors that will be favorable to the growth of the market in the emerging market includes increasing government expenditures on healthcare in Asian countries, and the presence of huge population suffering with colorectal cancer and other cancer types. The cancer cases in Asia are increasing at a rapid rate. According to the WHO, there were an estimated 4 million mortalities from cancer in Asia in 2016. Cancer is the leading cause of mortality in China as there are 4 million new cancer patients diagnosed every year. The same condition is in South Korea, as there are more than 200,000 new cancer cases a year. The increase in cancer cases in Asia can be accounted to the lifestyle and demographic changes. According WHO The incidences of colorectal cancer India were estimated about 1,85,000 in 2017. Japan accounted 1,49,000 cases in the 2017 according to national cancer institute. The average annual increase in government healthcare spending in the US is 4.5% and less than 1.5% in the European Union. However, Asian countries increase in healthcare expenditure is more than 6%, which is higher than the developed nations. Japan has the highest growth in the healthcare. Thus, creating significant opportunity in the market. Browse Complete Report
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