The global Peptide Cancer Vaccine market size is expected to reach USD $12.27 Million by 2030, from USD $5.25 Million in 2020, at a CAGR of 11.2%. Peptide Cancer Vaccine provides diverse advantages such as, it is easy to prepare, cost-effective, easy to synthesise, helpful in clinical practices, allows flexibility in changing antigen and has lower risk of antigen-induced anaphylaxis.
Global Peptide Cancer Vaccine Market: Overview
The developments of vaccines have shown unconvincing impact on human health system and have resulted in noteworthy decrease in mortality rates from several diseases. Increase in commonness of chronic disorders including cancer has urged the development of novel targeted therapeutics for their management.
Recently, researchers have exploited the use of vaccines to generate anti-tumour response in management of cancer. The quick acceptance for the management of pancreatic cancer and the vigorous response in market has hiked the development of more targeted vaccines for cancer.
Peptides have evolved as a potential vaccine candidate owing to their small size, cost efficient production and development process and simple formation. They are recognized to be highly efficacious, safe, specific, and well tolerated.
Key Market Trends: Growth Determinants and Challenges
Eventually, the market will see combination of vaccines along with other traditional drugs to improve their specificity and efficacy in targeting the entanglement of cancer cells. The high prevalence of cancer and the rising initiatives by government and the private sectors will also drive the growth of peptide cancer vaccines in this area.
Additionally, Asia Pacific and Europe will also emerge as potential market wings to high untapped opportunities, growing base of companies providing outsourcing services, low cost of raw material, flourishing biotech industry and an increased amount of investments in the RD segment.
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As per the report findings of Global Peptide Cancer Vaccine Market & Clinical Trials Insight, it is believed that the global peptide cancer vaccine will follow trajectory growth rates. The market will be favoured by the advancement in science and arrival of novel technologies which will further enable the identification of potential targets in developing cancer vaccines.
The coming of peptide cancer vaccine has caused prodding effects on the overall cancer therapy market which has helped it to make through all the challenges that have been on the way of becoming the most dominant market in the industry.
Segmental Analysis of Global Peptide Cancer Vaccine Market:
Based on Pipeline Phase
• Phase-I
• Phase- I/II
• Phase- II
• Phase- III
• Preclinical
• Research
The up-coming peptide-based cancer vaccines segment holds the largest market share during the forecast period. With the coming of this application a lot of problems in cancer- immunotherapy will be at ease.
Based on Application
• Breast Cancer
• Prostate Cancer
• Lung Cancer
• Gastric Cancer
• Colorectal Cancer
• Pancreatic cancer
The Prostate Cancer segment is estimated to witness the highest CAGR during the forecast period. The factors that can be attributed to the rise in demand for prostate cancer vaccine along with the increase in the number of prostate cancer vaccines in the pipeline are raising the demand for this segment.
Based on Region
• Latin America
• North America
• Europe
• Middle East
• Africa
• Asia Pacific
North America accounts for the largest share in the global peptide cancer vaccine market, with Europe being the next. This is attributed to presence of a high number of top pharmaceutical and biotech companies in this region such as Pfizer, Inc., Roche etc.
Competitive Landscape
Major players dealing in the market of Global Peptide Cancer Vaccine Market are:
TapImmune
Sellas
Merck
BioLife Science
Bright Path Bio-therapeutics
Boston Biomedical
Lytix Biopharma
VAXON Biotech
Isa Pharmaceuticals
Onco Therapy Science
Generex Biotechnology
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Major Developments:
December, 2021: ISA pharmaceuticals bestowed key learnings in cancer vaccine development in an educational session at the ESMO Immune-Oncology Congress 2021.
November, 2019: Boston Biomedical Inc. presented a DSP-7888, an investigational WT1 cancer peptide vaccine, in patients with advanced malignancies.
Major Questions answered in the report:
Which are top players in the Global Peptide Cancer Vaccine market?
Which region will show the highest and fastest growth in the segmental analysis?
How will the Peptide Cancer Vaccine market change in the coming years?
Key takeaway from the Report:
Assessment of the Global Peptide Cancer Vaccine market.
Premium insights and highlights.
Key Company profiles.
Regional and other segment analysis.
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