Cancer Immunotherapy Market Analysis
The global market for cancer immunotherapy is projected to reach $96.5 billion by 2023 and is expected to grow to $228.5 billion by 2032, with an annual growth rate of 10.05% from 2024 to 2032. Factors contributing to this growth include increased healthcare spending, a rise in cancer cases, greater access to medical insurance, and advancements in cancer treatment technologies.
Cancer Immunotherapy Overview
Cancer immunotherapy is a type of cancer treatment that leverages the body's own immune system to combat cancer cells. Unlike traditional treatments like chemotherapy and radiation, which directly target cancer cells, immunotherapy works by enhancing or restoring the immune system’s natural ability to recognize and destroy cancer. This approach includes several methods, such as checkpoint inhibitors, CAR-T cell therapy, and cancer vaccines.
Checkpoint inhibitors block proteins that prevent the immune system from attacking cancer cells,