Press Release
Peptide Cancer Vaccine Market Scope, Size, Types, Applications, Drivers, Restraints, Expansion Plans & Forecast to 2030
Peptide Cancer Vaccine Market– Introduction
In medical terminology, Peptides are short chain of amino acids connected by peptide bonds. Cancer peptide vaccines are promising cancer immunotherapy that are induced in cancer-specific cytotoxic T lymphocytes (CTLs) tumours to control and eradicate cancer cells from growing.
Peptide based synthetic vaccines also alluded as epitope vaccines are the subunit made from peptides. These peptides replicate the epitopes of the antigen that activates direct or potent immune responses. Peptide vaccines not only induce protection against transmissible pathogens and non-infectious diseases but also can be utilised as therapeutic cancer vaccines where the peptides from the tumour-associated antigens are used to induce an effective anti-tumour T-cell response. The practice of peptide cancer vaccine is to control the tumour growth in laboratory mouse models for clinical results. Lately, the clinical trials performed using the vaccine showed negative results. The preparation and application of the vaccine is easy to synthesize, is cost efficient and is simple in application hence is driving force.
Market Overview, Forecast, and Drivers
Peptide Cancer Vaccine Market is anticipated to show a convincing rise during the forecasted period.
Overall, the rapidly growing incidence and mortality rate is growing rapidly across the world. Reason being rising geriatric population and many other factors also contribute such as changing lifestyles of people, fluctuating environmental conditions, rising level of ultra violet rays causing skin cancers. In addition to this there is rise in people who smoke resulting to high number of lung cancer cases. This has resulted into the rise in need for cancer vaccinations.
Over past decades, immunotherapy has arisen to be one of the pillars in cancer treatment following surgery, chemotherapy and radiotherapy. Of all immunotherapies, the therapeutic cancer vaccine has most interesting field attributable to their capacity to get explicit immune reaction to the growth of antigens. The vigorous research and development activities carried in this sector has led to development of cancer vaccines by using various elements including DNA, RNA, proteins that are extensively available for medical studies.
Peptide cancer vaccines provides various benefits such as easy synthesizing, cost effective, essential element in clinical practices, lowering risk factor of antigen-induced anaphylaxis and flexible while changing antigen. These factor are accountable for augmenting the growth of market.
Peptide Cancer Vaccine Market: Key Trends
Major Players Emphasize on the Research Activities to Develop Peptide Vaccine to grow the Market Demand
Peptide Cancer Vaccines have various advantages such as, they are easy to prepare, easy to synthesize, cost-effective, helpful in clinical practices, have lower risk of antigen-induced anaphylaxis, and are flexibility in changing antigen. All these advantages are responsible for increasing the growth of Peptide Cancer Vaccine Market in coming years.
In addition, various key players are also investing in research activities to produce Peptide Cancer Vaccines because of its beneficial advantages. We can consider an example of, Boston Biomedical, Inc., which is a global developer of novel cancer therapeutics that announced the evaluation of DSP-7888, an investigational WT1 cancer peptide vaccine to investigate the safety, tolerability, and determination of the recommended phase 2 dose of DSP-7888 in patients.
Provision of Healthy Features of Peptide Vaccine than Conventional Therapies that drive the Market
The Peptide Cancer Vaccines have good features in terms of better safety and tolerance than conventional methods such as, immune checkpoint inhibitors and chemotherapy. The growing prevalence of cancer and presence of good characteristics of these vaccines are accelerating the demand for Peptide Cancer Vaccine Market during the given time period.
Market Drivers & Restraints
Vaccines are biological products that stimulate the immune system of the body against foreign elements. The stimulated immune system destroys the alien body and reminisces it. Vaccines work on the principle of memorizing a foreign particle and prevents it from attacking the body in future. Cancer vaccines are medicines are one such biological products. Owing to the fact of awareness about Peptide Cancer Vaccine against the treatment is boosting the market growth. Rising prevalence of cancer and failure of traditional methods twinning with rising demand for immunotherapy is fuelling the market growth. As per the report by National Cancer Institute in 2016, it was projected about 16 million new cases of cancer to be diagnosed with an approximate 595,690 deaths from the disease. Furthermore, the World Health Organization (WHO) stated approximately 14 million cases of cancer and 8.2 million deaths caused by the disease in 2012. Among these, the common cases were of lung, colorectal, prostate, cervical, and breast cancer which has led to significant rise in the market.
Market Key players
The market is known by its investors or key players. Some prominent key players are
TapImmune, BrightPath, ISA Pharmaceuticals, Generex Biotechnology, Immatics, OncoTherapy Science, Enzo Life Science, Antigen Express, BioLife Science, Generex Biotechnology Corporation, Immatics Biotechnologies, Immune Design, Immunomedics, Galena Biopharma, Lytix Biopharma, Merck, and Ultimovacs, Biotherapeutics, Sellas, Boston Biomedical, VAXON Biotech
Segmentation
The Peptide Cancer Vaccine Market has been segmented into sections as on Product Type and Apllication
The Peptide Cancer Vaccine Market by Product Type is further segregated into:
- Personalized Peptide Vaccine
- Peptide-Pulsed Dendritic Cancer Vaccine
Among all types, the Personalized Peptide Vaccine segment is expected to dominate the market during and after the forecast time.
The Peptide Cancer Vaccine Market by Application is further divided into:
- Breast Cancer
- Lung Cancer
Peptide Cancer Vaccine Market Regional Outlook
Based on the geographical view, the market occupies regions like North America, South America, Europe, Asia Pacific, Middle East & Africa. Of all regions, North America was dominating the Peptide Cancer Vaccine Market during the forecast period.
Covid-19 impact on the market:
The emergence of Covid- 19 pandemic and related confinement bars has a mixed effect on businesses worldwide and additionally on the health care service market. The initial wave of Covid-19 caused an unprecedented contraction in economic activity and a collapse of overall logistics, hence, the market is expected to show relatively slow growth. Many key players’ sale was impacted due to lockdowns and social distancing globally. The global pharma & healthcare market was impacted severely due to scarcity of drugs owing to consequent lockdowns.
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