The global therapeutics vaccine market is anticipated to grow with a significant CAGR during the forecast period. Development of various therapeutic vaccines to prevent cancers that are caused by viruses is in its breakthrough level which is anticipated to drive the growth of the therapeutic vaccine industry. There are two categories of cancer prevention therapeutic vaccines. The first category is the human papillomavirus (HPV) vaccine that aids in the prevention of certain types of cancer such as cervical, anal, head, and neck cancers. Hence, the rising prevalence of cancers such as cervical, anal, head, and neck cancers will increase the adoption of HPV vaccine, which in turn, will significantly drive the global therapeutic vaccine market.
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Additionally, the second category includes the hepatitis B vaccine, its mechanism prepares the immune system to recognize the Hepatitis B virus which can lead to Chronic infection and liver cancer. These vaccine gets the immune system to directly attack the cancer cells. According to the American Institute for Cancer Research, liver cancer is the sixth most common cancer across the globe, which will considerably drive the adoption of the hepatitis B vaccine and expand the therapeutic vaccine market size.
Moreover, every patient’s cancer condition is unique in nature and has its own set of mutations and genetic level alterations. Hence, the clinical trials of personalized cancer therapeutic vaccines are rising recently which in turn, is stimulating the growth of the global therapeutic vaccine market. Some of the major goals of personalized therapeutics cancer vaccines include:
Global Therapeutics Vaccine Market: Segmentation
By Product
By Technology
Global Therapeutics Vaccine Market: Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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