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Global Cancer Biologics Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

May 3, 2019

LONDON--(BUSINESS WIRE)--May 3, 2019--The global cancer biologics market is expected to post a CAGR of over 11% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global cancer biologics market from 2019-2023. (Graphic: Business Wire)

Many players in the market are investing heavily in the development of cancer biologics. Hence, numerous biologic molecules are in the late stages of development for the treatment of cancer. Furthermore, regulatory agencies have fastened the approvals for cancer biologics, which is also contributing to the approval of new biologics for the treatment of cancer. The presence of a robust pipeline and the approval of new drugs are expected to drive the growth of the global cancer biologics market during the forecast period.

As per Technavio, the increased use of predictive biomarkers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global cancer biologics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over the forecast period.

Global cancer biologics market 2019-2023: Increased use of predictive biomarkers

The development in areas such as genomics, proteomics, metabolomics, and imaging has enabled comprehensive analysis of tumor cells. Cancer etiology differs from patient to patient. The adoption of predictive biomarkers help in studying the cause of the tumor growth in patients. It helps in deciding treatment regimens and in the early detection of cancer. This facilitates designing cost-effective therapies for patients. The increasing use of predictive biomarkers is one of the key trends that is expected to fuel the market’s growth during the forecast period.

North America will witness a faster growth in the cancer biologics market during the forecast period. There is a rising incidence of cancers such as breast cancer, esophageal cancer, pancreatic cancer, and other rare cancers in the region. Additionally, the availability of reimbursement schemes in countries such as the US and Canada are contributing to the market’s growth. The Asian market is driven by the high prevalence of breast cancer. Moreover, the occurrence of rare cancers such as neuroblastoma is also on the rise. Neuroblastoma was the second most common extracranial solid tumor in children under the age of 15 years in Japan. The occurrence of such cancer cases are expected to support the growth of the market ”, says an analyst at Technavio.

Global cancer biologics market: Segmentation analysis

This market report segments the global cancer biologics market by product (monoclonal antibodies, vaccines, cell and gene therapy, and others) and geography (Asia, Europe, North America, and ROW).

North America led the market in 2018, followed by Europe, Asia, and ROW respectively. The dominance of North America can be attributed to the growing incidence of cancer in countries such as the US and Canada. Additionally, the accelerated approvals for cancer biologics granted by the regulatory authorities in the region is contributing to the market’s growth.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

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SOURCE: Technavio Research

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