(PharmaNewsWire.Com, May 03, 2017 ) According to the report Cancer Vaccines Market, published by Market Data Forecast, the global market is projected to reach USD 6.28 billion by 2021, at a CAGR of 17.11 % from 2016 to 2021.
Similar to the vaccines which are used mostly for the inhibition of contagious diseases by improving the immune response against pathogens, cancer vaccines are used to activate the immune system to attack the cancer cells. Cancer therapeutic vaccines helps in alleviating the patients suffering from cancer. With the new technological advances, cancer vaccines have been developed as a new therapeutic way for cancer prevention and eradication.
The Key drivers of the market are rising number of people with cancer, increasing public awareness of vaccines, smoking and excessive alcoholic intake, and presence of strong late-stage pipeline Vaccines, vendors' patient-assistance programs. Stringent regulations for the approval, Vaccines costs are the major restraints that hamper the growth of the Cancer vaccines market.
Some of the major companies dominating the global market are Dendreon, GlaxoSmithKline and Merck. Other companies whose products are in pipeline stage are Aduro Biotech, Advantagene, Advaxis, Agenus, Altor BioScience, Argos Therapeutics, AVAX Technologies, Bavarian Nordic, Biothera, Celldex Therapeutics, CureVac, Galena Biopharma, Genexine, GlobeImmune, Gradalis, Heat Biologics, Immatics, ImmunoCellular Therapeutics.
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