Cancer Biological Therapy Market in Global Industry: Demands, Insights, Research
Cancer is the leading and second largest cause of death
across the globe. The disease is characterized by disordered and deregulated
cellular and stromal explosion along with reduced cell death and growth factor
deprivation, and such other factors.
Cancer
Biological Therapy Market is Expected to Grow at a CAGR of 4.7 % by 2023.Biological
therapy treatment is done with the help of living organisms, parts of living
organisms or laboratory manufactured version of such content. Most of the
biological therapies use bacteria or vaccines to mimic the body’s immune system
to act against cancer developing cells. These various types of biological
therapies, which are most of the times stated to biological response modifier
therapy or immunotherapy, but these types of therapies do not always target
cancer cells directly. Further there are other biological therapies like
sections of genetic material or antibodies which are commonly known as DNA or
RNA, do aim at targeting cancer cells directly. There are also other types of
biological therapies that inhibit specific molecules involved in development
and growth of cancer tumor. Such therapies known as; cancer targeted therapies.
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Global Cancer Biological Therapy Market Players:
Key players profiled in the report are Amgen Inc.,
Bristol-Myers Squibb, Celgene Corporation, ELI Lilly and Company, F.
Hoffmann-La Roche AG, EnGeneIC Ltd, Merck & Co., Inc., Novartis,Pfizer Inc.
and others.
Segmentation:
The global Cancer Biological Therapy market is segmented on
the basis of phases. Based on the phases, the market has been segmented as
phase I, phases II and phases III. Based on the type, the market has been
segmented as monoclonal antibodies, interferons, interleukins, cancer growth
inhibitors, gene therapy and colony-stimulating factors. Based on the
end-users, the market has been segmented as hospitals & clinics, cancer
research centers and laboratories.
Regional Analysis:
Global cancer biological therapy market, on the basis of
regions is divided into North America, Europe, Asia Pacific and Middle East and
Africa. North America is expected to commands the largest market share due to
advanced technologies are continuously on rise in these countries. Europe
accounts for the second largest market, where as Asia Pacific with lots of
opportunity and continuously growing economies, is expected to be the fastest
growing segment. Majorly due to recent developments in healthcare and improving
economies. Middle East and Africa with less economic developments and extremely
low income accounts for least market share in 2016 but is expected to grow with
better cancer treatment in the countries.
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