North America to Dominate Neoantigen Cancer Vaccine Market through 2025

Rising prevalence of cancer and increase in adoption of personalized medicine to drive growth of global neoantigen cancer vaccine market 

According to TechSci Research report, “Global Neoantigen Cancer Vaccine Market By Product (Personalized neo-antigen vaccine, Off-the shell neoantigen vaccine), By Neoantigen Type (Nucleic Acid, Dendritic Cell, Tumor Cell, Synthetic long peptide (SLP)), By Route of Administration (Intravenous, Intramuscular, Transdermal, Others), By Cell (Autologous, Allogenic), By Technology (Whole Genome Sequencing,   Others), By Delivery Mechanism (Gene gun, Electroporation, Others), By Application (Melanoma, Brain Cancer, Others), By Region,  Competition, Forecast & Opportunities, 2025”, global neoantigen cancer vaccine market is expected to register a robust CAGR during the forecast period. Neoantigen cancer vaccines are the type of vaccines that helps to boost the immune system with the help of single or few several antigens. Surging prevalence of cancer is one of the major factor accounting for the growth of global neoantigen cancer vaccine market. Moreover, rapid adoption of personalized medicines for the patient’s treatment on the individual level is further expected to bode well for the growth of global neoantigen cancer vaccine market through the forecast period. In addition to this, continuous advancements in several drug delivery technologies is anticipated to positively influence the growth of global neoantigen cancer vaccine market in the years to come. Also, increased funding for executing research and development activities is making headway for the growth of global neoantigen cancer vaccine market across the globe. Along with this, expected launch of first neoantigen vaccine Tedopi in the market, is estimated to bolster the market growth through 2025. However, high cost of personalized cancer vaccines as well as obstacles in clinical development are the major factor that might restrain the growth of global neoantigen cancer vaccine market through 2025. Additionally, payer uncertainty and outcome-based pricing are some other factors acting as major impediments to the market

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Global neoantigen cancer vaccine market can be segmented based on product, neoantigen type, route of administration, cell, technology, delivery mechanism, application, company and region. Considering the delivery mechanism, the market is fragmented into gene gun, electroporation, liposomes, virosomes and others. The gene gun segment is anticipated to grow at the high rate during the forecast period. Gene gun technology has been developed as a nonviral method for gene transfer into various mammalian tissues. The growth of this segment can be attributed to the fact that it enables direct transfer of the gene in various tissues. In terms of technology, the market if fragmented to whole genome sequencing, RNA sequencing and HLA typing. Out of which, whole genome sequencing technology segment is forecast to register high growth in the next 5 years on account of studying what genes are misregulated.

Avidea Technologies, Agenus, Roche, Nouscom, Merck, Pfizer, Advaxis, Medigene, Genocea Biosciences, Gritstone Oncology, Gilead Sciences, Eli Lilly, Novogene, Moderna, BioNTech, Ziopharm, ISA Pharmaceutical, Vaccibody, Brightpath Bio, Vaximm are among others are the leading players operating in global neoantigen cancer vaccine market. The leading players are adopting several growth strategies to enhance the market scenario of neoantigen cancer vaccine. Some of the competitive strategies include partnerships, collaborations, business expansions, as well as mergers and acquisitions, partnership opportunities in order to diverse their product portfolio and to strengthen their market position.

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“North America is forecast to dominate the global neoantigen cancer vaccine market during the next 5 years on the account of existence of many key market players in this region. Along with that, more than half of the nonvaccines exist in North America region, which is further driving the market growth. Asia-Pacific is anticipated to register high growth during the forecast period which can be accredited to rising population that has cancer. Furthermore, mounting investment in research activities and improvement in healthcare technologies is expected to aid the growth of neoantigen cancer vaccine market in the region until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Neoantigen Cancer Vaccine Market By Product (Personalized neo-antigen vaccine, Off-the shell neoantigen vaccine), By Neoantigen Type (Nucleic Acid, Dendritic Cell, Tumor Cell, Synthetic long peptide (SLP)), By Route of Administration (Intravenous, Intramuscular, Transdermal, Others), By Cell (Autologous, Allogenic), By Technology (Whole Genome Sequencing,   Others), By Delivery Mechanism (Gene gun, Electroporation, Others), By Application (Melanoma, Brain Cancer, Others), By Region,  Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global neoantigen cancer vaccine market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global neoantigen cancer vaccine market.

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