Cancer Immunotherapy Market | Exactitude Consultancy Reports

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The global Cancer Immunotherapy market is designed to grow at 14 % CAGR from 2023 to 2029. It is expected to reach above USD 301.6 Billion by 2029 from USD 105.70 Billion in 2022.

Cancer Immunotherapy Market Overview
Cancer immunotherapy treatment is used to improve the immune system’s ability to fight cancer. This treatment has fewer side effects than the old technology and provides long-term cancer protection and can be treated with a wider range of cancer. It is used for different types of cancer treatment such as melanoma, breast cancer, lung cancer, prostate cancer, colorectal cancer, head, and neck cancer, and more. This targets the immune system toward cancer, activates the immune system to assemble the target, and triggers the destruction of cancer cells.

There are many factors such as rising costs, increasing incidence of cancer, increasing access to health insurance, increasing technological advancements in cancer treatment, etc. are expected to boost the growth of the global cancer immunotherapy market. According to National Cancer Institute statistics, an estimated number of new cancers were diagnosed in the United States in 2020 and died from the disease. This increase in cancer cases will boost the growth of the industry in the coming years.
Segment Analysis
By application to the cancer immunotherapy market is devised into Lung, Breast, Colorectal, Melanoma, Prostate, Head, and Neck. The lung cancer market held the largest share in 2021 and is expected to hold the same position in the forecasted period also. This is leading due to awareness about cancer in people and the need for therapeutics treatment of lung cancer.

Based on end-user, we can divide the market into 3 segments. Hospitals, cancer treatment research centers, and clinics. In this region, hospitals held the largest share of the market due to the widespread use of cancer immunotherapy treatment in hospitals.

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