The global prostate cancer vaccine market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The use of the Prostate Cancer vaccine to control tumor growth in mouse models is expected to stimulate the growth of the prostate cancer vaccine market during the forecast period. The increase in the prevalence of cancer disease has created a demand for the development of new vaccines for its treatment which in turn drives the global prostate cancer vaccine market growth.
Major pharmaceutical companies are focusing on the development of vaccines for cancer treatment. The market growth is driven by the strong focus of the pharmaceutical companies and research organizations on the R&D for prostate cancer vaccines creating a strong pipeline for effective therapy. For instance, on 4 December 2021, ISA pharmaceuticals presented key lessons on prostate cancer vaccine development in an educational session at the ESMO Immune-Oncology Congress, which created the demand of the prostate cancer vaccine market.
Prostate cancer vaccines provide better features about better safety and tolerance than conventional methods such as immune checkpoint inhibitors and chemotherapy. Therefore, the increase in cancer and the presence of positive symptoms of these vaccines accelerates the need for the prostate cancer vaccine market over a period of time. According to the International Agency for Research on Cancer across the globe, approximately 19.3 million new cancer cases are estimated and about 10.0 million cancer deaths occur by 2020. Among these are major causes of breast, lung, colorectal, prostate, and stomach cancers. Therefore, it increases the demand for the prostate cancer vaccine market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-AbbVie Inc., Daiichi Sankyo Co. Ltd., Eisai Co. Ltd., Eli Lilly & Co., Takeda Pharmaceutical Co. Ltd., among others.
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Global Prostate Cancer Vaccine Market Report by Segment
By Type
- Sipuleucel-T
- mRNA
By Application
- Prostate Cancer
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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