AstraZeneca, Merck & Co., Inc., Pfizer, GlaxoSmithKline plc. are key players in the Global Cancer Vaccine Market
The report published by Knowledge Sourcing Intelligence titled “Global Cancer Vaccines Market- Forecast From 2018 to 2023” studies the various factors affecting the market for cancer vaccines worldwide. The report has been segmented by Type (Prevention and for Treatment), Application (Cervical cancer, Prostate Cancer and others).
In addition, the demand for cancer vaccines has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions. The demand for electric capacitors would primarily be driven by the rising prevalence of cancer across the globe. Technological development in the cancer vaccines will also boost the market for cancer vaccines during the given forecast period. However, longer timelines required for manufacturing a single vaccine coupled with stringent regulatory requirements might restrain the development of cancer vaccines market during the forecast period.
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By type, the preventive cancer vaccine segment is projected to dominate the market share in 2018
It is estimated that the rising awareness regarding various cancer and growing emphasis on the prevention of the disease and further progression of the diseases will lead to preventive vaccines holding the major share in 2018. These vaccines prevent cancer from developing in the human body in the initial stages, thus leading to the growing demand of the vaccines and boosting the market growth.
The North America region is estimated to hold the lion’s share in the global cancer vaccine market throughout the forecast period.
The demand for cancer vaccines was comparatively very high in the North America region owing to the high consumer awareness coupled with the favorable reimbursement policies in the region and well-established healthcare infrastructure. Furthermore, the Asia Pacific region is estimated to show robust growth during the given time frame owing to the rising patient base and rising healthcare expenditure in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global cancer vaccine market. It consists of company profiles of the leading companies such as AstraZeneca, GlaxoSmithKline plc., Merck & Co., Inc., Pfizer Inc., and Sanofi among others.
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