North America Cancer Vaccines Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Cancer Vaccines Market Analysis
The North America Cancer Vaccines Market is expected to grow with a CAGR of 12.2% in the forecast period. The key factors propelling the growth of the market are the increasing number of cancer cases, rising investments and government funding in the development of cancer vaccines, and technological developments in cancer vaccines.
The incidence of cancer is increasing every year and it has been the major factor for the growth of the cancer vaccines market. According to the American Cancer Society, cancer is the leading cause of death in Canada and the second-leading cause, in the United States. Around 1.9 million new cancer cases and 693,000 cancer deaths were recorded in Northern America in 2018. The number is estimated to increase in the coming years due to the changing lifestyle of the people found in the region. Therefore with the increasing prevalence of cancer, the market is expected to grow.
North America Cancer Vaccines Market Trends
This section covers the major market trends shaping the North America Cancer Vaccines Market according to our research experts:
Preventive Vaccines are Expected to a Hold Significant Market Share in the Treatment Method
Preventive vaccines or prophylactic vaccines are the vaccines intended to prevent cancer in healthy people. These vaccines work by preventing infectious agents that cause or contribute to the development of cancer. These vaccines are similar to traditional vaccines that help prevent infectious diseases, such as polio and measles, by protecting the body against infections. Most of the preventive vaccines stimulate the production of antibodies, which bind to specifically targeted microbes and block their ability to cause infection.
For instance, the HPV vaccine protects against the types of HPV that most often cause cancers. According to the Centers for Disease Control and Prevention, 2019, HPV vaccines are recommended for teenagers to prevent HPV related cancers. Moreover, the demand for these vaccines is expected to increase due to the rising incidence of cancer in North America.
North America Cancer Vaccines Industry Overview
The North America Cancer Vaccines Market is s highly competitive and consists of a few major players. Companies, like, Bristol-Myers Squibb, Amgen Inc, GlaxoSmithKline, Merck & Co. Inc., OSE Immunotherapeutics, Sanofi, among others, hold substantial shares in the cancer vaccines market.
North America Cancer Vaccines Market Leaders
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Astellas Pharma Inc.
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Merck & Co. Inc.
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GlaxoSmithKline
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Bristol-Myers Squibb
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Amgen Inc.
*Disclaimer: Major Players sorted in no particular order
North America Cancer Vaccines Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Number of Cancer Cases
- 4.2.2 Rising Investments and Government Funding in the Development of Cancer Vaccines
- 4.2.3 Technological Developments in Cancer Vaccines
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4.3 Market Restraints
- 4.3.1 Stringent Regulatory Guidelines and Longer Timelines Required for Manufacturing Process
- 4.3.2 Presence of Alternative Therapies
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Technology
- 5.1.1 Recombinant Cancer Vaccines
- 5.1.2 Whole-cell Cancer Vaccines
- 5.1.3 Viral Vector and DNA Cancer Vaccines
- 5.1.4 Other Technologies
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5.2 By Treatment Method
- 5.2.1 Preventive Vaccine
- 5.2.2 Therapeutic Vaccine
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5.3 By Application
- 5.3.1 Prostate Cancer
- 5.3.2 Cervical Cancer
- 5.3.3 Other Applications
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Astellas Pharma Inc.
- 6.1.2 Merck & Co. Inc.
- 6.1.3 GlaxoSmithKline PLC
- 6.1.4 Bristol-Myers Squibb
- 6.1.5 Dendreon
- 6.1.6 Aduro BioTech Inc.
- 6.1.7 Sanofi SA
- 6.1.8 Amgen Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Cancer Vaccines Industry Segmentation
As per the scope of the report, cancer vaccines are defined as the vaccines developed to prevent or treat existing cancers, by strengthening the body's natural immune response system against cancer. These cancer vaccines belong to a class of substances, known as biological response modifiers. These modifiers work by stimulating or restoring the immune system's ability to fight against diseases.
| By Technology | Recombinant Cancer Vaccines | |
| Whole-cell Cancer Vaccines | ||
| Viral Vector and DNA Cancer Vaccines | ||
| Other Technologies | ||
| By Treatment Method | Preventive Vaccine | |
| Therapeutic Vaccine | ||
| By Application | Prostate Cancer | |
| Cervical Cancer | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico |
North America Cancer Vaccines Market Research FAQs
What is the current North America Cancer Vaccines Market size?
The North America Cancer Vaccines Market is projected to register a CAGR of 12.20% during the forecast period (2024-2029)
Who are the key players in North America Cancer Vaccines Market?
Astellas Pharma Inc., Merck & Co. Inc., GlaxoSmithKline, Bristol-Myers Squibb and Amgen Inc. are the major companies operating in the North America Cancer Vaccines Market.
What years does this North America Cancer Vaccines Market cover?
The report covers the North America Cancer Vaccines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Cancer Vaccines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Cancer Vaccines Industry Report
Statistics for the 2024 North America Cancer Vaccines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Cancer Vaccines analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
