The Global Oncolytic Virotherapy Market was USD 94.7 million in 2020 and is expected to reach USD 609.7 million in 2028 and register a revenue CAGR of 26% during the forecast period, 2022-2028.
Oncolytic Virus (OV) therapy is one of the promising and successful viral therapies used in the treatment of cancer patients. In treatment using OV therapy, the virus infects and breaks down cancer cells, making other therapies, such as chemotherapy, easier. Because the OV drug is injected directly into the tumor site, it is also called targeted therapy. The OV therapy market is in its very early stages as clinical trials are underway to make it useful for all types of cancer. It has been successful in treating melanoma, breast, prostate and several other cancers. Combining this OV therapy with other cancer treatment regimens has been the most effective because it helps reduce the harmful effects of other therapies.
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Market Segments
By Virus Type
- Oncolytic Wild Type Viruses
- Genetically Engineered Oncolytic Viruses
By Demography
- Adults
- Pediatric
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Key Players
Some of the key players which are contributing to the growth of the market include Amgen Inc., Shanghai Sunway Biotech Co., Ltd., TILT Biotherapeutics Ltd., Oncorus, Inc., Takara Bio Inc., Vyriad, Transgene SA, Lokon Pharma AB, Pfizer Inc., Roche., AstraZeneca.
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Scope of the Report
The research study analyzes the global Oncolytic Virotherapy industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Oncolytic Virotherapy Market Report
1. What was the Oncolytic Virotherapy Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Oncolytic Virotherapy Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Oncolytic Virotherapy Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Oncolytic Virotherapy market.
- The market share of the global Oncolytic Virotherapy market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Oncolytic Virotherapy market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Oncolytic Virotherapy market.
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