Pune, India -- (SBWIRE) -- 01/17/2020 -- A recent report published by Infinium Global Research on Cancer Vaccines Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024. According to the report, the global cancer vaccines market is projected to grow at a CAGR of 17.8% over the forecast period of 2018 - 2024.

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Increasing Number of Clinical Trials Held Particularly in Vaccine Is Expected to Boost the Market's Growth

The cancer vaccine market is expected to be driven by factors such as increase in occurrence & prevalence of cancer, technological advancements in treatment therapies, growth in number of R&D for the treatment of cancer, and specificity & efficiency of cancer vaccine for the treatment of wide range of cancers such as Whole-Cell Cancer Vaccine, Antigen/Adjuvant Cancer Vaccines, Dendritic Cells Cancer Vaccines, and others.

The increasing number of clinical trials held particularly in the vaccine is expected to boost the market's growth. There are two types of cancer prevention vaccines approved by the U.S. Food and Drug Administration (FDA) they are HPV vaccine and Hepatitis B vaccine. Moreover, factors such as high abrasion rates during the product development phase, lack of awareness about the vaccine and high cost of clinical trials are anticipated to restrict the growth of the market.

Cancer Vaccines Market: Segmentation

The report on the global cancer vaccines market covers segments such as technology, type, indication, and end-user. The technology segments include whole-cell cancer vaccine, dendritic cells cancer vaccines, antigen/adjuvant cancer vaccines, recombinant cancer vaccines, and viral vector & DNA cancer vaccines. On the basis of type, the global cancer vaccines market is categorized into preventive cancer vaccines and therapeutic cancer vaccines. Furthermore, on the basis of indication the cancer vaccines market is segmented as prostate cancer, cervical cancer, and others. On the basis of end-user, the cancer vaccines market is segmented as adult vaccines and pediatric vaccines.

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Cancer Vaccines Market: Regional Insights

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, and Malaysia among others. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.

Cancer Vaccines Market: Competitive Landscapes

The report provides profiles of the companies in the global cancer vaccines market such as GlaxoSmithKline Plc, Aduro BioTech Inc., Astellas Pharma Inc., Merck & Co., Inc., CSL Limited, Sanpower Group, Sanofi Pasteur, Pfizer Inc, Serum Institute of India Pvt. Ltd., and Others.

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The Infinium Global research comprises of a team of well-experienced analysts who have qualified in generating incisive reports. The breast reconstruction market report offers trends, opportunities, challenges, market size, and forecast for major geographical regions and key countries. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cancer vaccines market.