France Oncolytic Virus Immunotherapy Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Oncolytic Virus Immunotherapy is expanding as a result of growing incidence of cancer. This growth is fueling the demand for better therapy solutions, thus, driving the growth of the Oncolytic Virus Immunotherapy market. Some of the key players in the global Oncolytic Virus Immunotherapy Market include Amgen, Inc., Oncolytics Biotech, Inc., Merck & Co., Inc., Transgene Biotek Ltd., Cold Genesys, Inc., SillaJen, Inc., Sorrento Therapeutics Inc., Shanghai Sunway Biotech Co. Ltd., Amgen Inc., TILT Biotherapeutics, Oncorus, Inc., Replimune Group, Inc., and Oncolys BioPharma, Inc.
France Oncolytic Virus Immunotherapy Market is valued at around $10.5 Bn in 2022 and is projected to reach $24.1 Bn by 2030, exhibiting a CAGR of 11% during the forecast period 2023-2030.
Cancer is one of the leading causes of death worldwide, accounting for 10 Mn deaths in 2020 which is nearly 1 in 6 deaths. This has contributed to the growth of the global market for Oncolytic Virus Immunotherapy in recent years. Advances in technologies, improving the efficacy of the treatment, are also driving the market.
As researchers and scientists seek to find new methods for the treatment and management of cancer, Oncolytic Virus Immunotherapy has emerged as one of the most modern therapeutic strategies. This has been especially beneficial because patients with cancer exhibit little to no benefit from the commonly utilized therapeutic approaches. Oncolytic viruses have been investigated in numerous cancer types, and promising outcomes from various clinical trials suggest the growth of Oncolytic Virus Immunotherapy.
Pharmaceutical and biotechnology firms like Biogen, Eli Lilly, and Company, Roche, and Merck & Co., as well as manufacturers of medical devices like GE Healthcare, Siemens Healthineers, and Philips Healthcare, are some of the major players in the Alzheimer's Disease Diagnostics Market.
The major factors expected to rise during the forecasted period are an increased understanding of oncolytic virus immunotherapy and its therapeutic benefits, advancements in imaging technologies, and the rising use of advanced cancer treatments. In the modern day, it has emerged as a promising therapy for the treatment of cancer. Oncolytic viruses combined with radiation, immune checkpoint inhibitors, and chemotherapeutic drugs are being tested in numerous clinical studies by pharmaceutical companies, and these trials are demonstrating significant impacts and advancements in the treatment of cancer, boosting market growth.
Understanding the mechanisms underlying virus multiplication, entrance, induction, and immune response suppression has led to the use of viruses in the treatment of human diseases and the selection of oncolytic viruses for the treatment of certain types of cancer. This will result in charting a new growth path for the market for oncolytic viral immunotherapy. Additionally, oncolytic viruses send out warning signs that help humans develop effective anti-tumor immune responses. The ability to combat immune evasion caused by cancer will drive the oncolytic virus immunotherapy market during the projected time period.
Drivers of France Oncolytic Virus Immunotherapy Market:
Growing Incidence and Prevalence of Cancer: Increased prevalence of various types of cancer is expected to project the growth for the Oncolytic Virus Immunotherapy market.
Advancements in Technology: Technological Advancements in treatment methods for cancer providing improved efficacy is propelling the market for Oncolytic Virus Immunotherapy.
Rising Demand for Targeted Therapies: Another important reason fueling the market expansion for Oncolytic Virus Immunotherapy is the rising need for targeted medicines. Targeted therapies are being adopted by oncologists more often because they produce better results and have fewer adverse effects than traditional chemotherapy regimens.
In 2022, Siga Technologies announced a preclinical collaboration with Bioarchitech for developing immunotherapy for cancer treatments. The research collaboration investigates the TPOXX (tecovirimat) in combination with Bioarchitech’s proprietary vaccinia-based immunotherapy platform which utilizes engineered antibodies and other proteins within the genome of the oncolytic virus.
Key players
Transgene Oncorus, Inc. Virttu Biologics Limited Replimune Group Inc. PsiOxus Therapeutics ViroCure Vyriad, Inc. Targovax Adaptimmune Therapeutics plc Amgen Inc.1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
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