Peptide Cancer Vaccine Market

Market Synopsis:

Global Peptide Cancer Vaccine market is valued at USD 4.72 Billion in 2021 and is projected to attain a value of USD 10.07 Billion by 2028 at a CAGR of 11.2% during the forecast period, 2022–2028. Peptide Cancer Vaccine help to elicit and grow tumor-specific T lymphocytes that can control or eliminate tumors. One or more short or long amino acid sequences serve as tumor antigens in the vaccination, which is coupled with a vaccine adjuvant.

Clinical experiments using peptide cancer vaccines have yielded disappointing results in the recent past. As a result, peptide vaccine researchers have deemed this therapy obsolete and declared it no longer viable for cancer treatment. However, as knowledge of the crucial function of immunological adjuvants, vaccine administration methods, and T cell dynamics has improved, this approach to the treatment of malignant illnesses has resurfaced.

The rising prevalence of cancer and the failure of traditional cancer treatments to adequately treat the disease has fueled demand for innovative immunotherapy-based therapeutics such Peptide Cancer Vaccine. According to the National Cancer Institute, 16.8 million new instances of cancer were diagnosed in the United States in 2016, with an estimated 595,690 deaths from the disease. By 2024, the number of cancer patients is predicted to reach 19 million. In addition, the World Health Organization (WHO) recorded around 14 million cancer cases and 8.2 million cancer-related deaths in 2012. Lung, colorectal, prostate, cervical, and breast cancer were among the most common occurrences, which has resulted in a substantial increase in demand for peptide vaccines, which has aided in the growth of the Peptide Cancer Vaccine industry.

Cost-effective and Easy to Prepare

Furthermore, the ease of synthesizing, cost-effectiveness, and ease of preparation of Peptide Cancer Vaccine, as well as their application in clinical practise, flexibility in changing antigen, and lower risk of antigen-induced anaphylaxis, are expected to drive the Peptide Cancer Vaccine market forward in the near future. As a result of these benefits, manufacturers are concentrating their efforts on research in order to develop Peptide Cancer Vaccine. For example, Boston Biomedical, Inc., a company focused on next-generation cancer therapies, began dosing the first patient in each of two clinical studies in April 2018 to assess the efficacy of DSP-7888, an investigational Peptide Cancer Vaccine.

Shortage of Cancer Vaccines

There are a number of limits and limitations that will limit market expansion. Factors such as a lack of cancer vaccinations in distant places and the necessity for specialized storage and transportation are possible barriers to the worldwide Peptide Cancer Vaccine market's overall expansion. Nonetheless, rising public knowledge of cancer diseases, increased government and private sector investment, and untapped potential in emerging economies all point to promising growth prospects.

Market Segmentation:

The Global Peptide Cancer Vaccine Market can be segmented by Application into Colorectal Cancer, Lung Cancer, Pancreatic Cancer, Gastric Cancer, Prostate Cancer and Breast Cancer. Based on Type, into Personalized Peptide Vaccine, Peptide-Pulsed Dendritic Cancer Vaccine, Peptide Cocktail Type, Multivalent Peptide Vaccine and Others. Based on Region, the Peptide Cancer Vaccine Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.