Global Cancer Immunotherapy Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Monoclonal Antibodies, Immunomodulators & Oncolytic Viral Therapies, and Cancer VaccinesBy Cancer Type;
Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer, and Ovarian CancerBy Distribution Channel;
Hospital Pharmacy, Retail Pharmacy, and Online PharmacyBy End Use;
Hospitals & Clinics, Cancer Research Centers, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Introduction
Global Cancer Immunotherapy Market (USD Million), 2021 - 2031
Cancer Immunotherapy Market was valued at USD 145,088.87 million in the year 2024. The size of this market is expected to increase to USD 365,286.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.1%.
Global Cancer Immunotherapy Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 14.1 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 14.1 % |
Market Size (2024) | USD 145,088.87 Million |
Market Size (2031) | USD 365,286.49 Million |
Market Concentration | Low |
Report Pages | 338 |
Major Players
- Bristol Myers Squibb
- Merck & Co.
- Roche Holding AG
- AstraZeneca
- Novartis AG
- Pfizer Inc
- Amgen Inc
- GlaxoSmithKline plc
- Johnson & Johnson
- Celgene Corporation
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Cancer Immunotherapy Market
Fragmented - Highly competitive market without dominant players
The Cancer Immunotherapy Market is undergoing strong expansion, powered by the rising incidence of cancer and the increasing preference for precision-driven treatments. Immunotherapy is gaining prominence as it activates the body's immune mechanisms to destroy cancer cells. At present, nearly 35% of all cancer treatments now involve immunotherapy, indicating a major transformation in oncology practices.
Dominance of Advanced Biologics in Clinical Use
Within the immunotherapy space, monoclonal antibodies and checkpoint inhibitors are at the forefront, contributing to over 50% of current applications. These biologics offer improved survival rates and fewer adverse effects, making them a preferred option among clinicians. Their specificity in targeting cancer cells ensures effective outcomes and continues to reshape modern oncology standards.
Pipeline Growth and Research Momentum
Accelerated R&D efforts are boosting the market, with over 40% of cancer trials currently focusing on immunotherapy. Innovations such as CAR-T cell therapies and tumor-specific vaccines are gaining clinical traction.
Technology Integration Enhancing Market Growth
Recent technological innovations in diagnostics and drug development are making immunotherapy more effective and accessible. More than 30% of newly released cancer medications fall under the immunotherapy category. These developments are expected to strengthen the market's trajectory and deliver better patient outcomes across diverse treatment needs.
Global Cancer Immunotherapy Market Recent Developments
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In September 2023, Immatics and Moderna strategically collaborated to develop Oncology Therapeutics. The collaboration included an assessment of Immatics' investigational PRAME203 TCRT in combination with the MARTE mRNA cancer vaccine that was being developed by Moderna.
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In August 2023, FBD Biologics Limited and Shanghai Henlius Biotech, Inc. entered into a strategic collaboration to enhance the development of new immunotherapies. These aspects contributed to the growth of the market.
Segment Analysis
In this report, the Global Cancer Immunotherapy Market has been segmented by Product, Cancer Type, Distribution Channel, End User, and Geography.
Global Cancer Immunotherapy Market, Segmentation by Product
The Global Cancer Immunotherapy Market has been segmented by Product into Monoclonal Antibodies, Immunomodulators and Oncolytic viral therapies and cancer vaccines.
Monoclonal Antibodies
Monoclonal antibodies dominate the global cancer immunotherapy market, accounting for over 40% of the total share. These targeted therapies are designed to bind to specific cancer cell antigens, ensuring high precision in treatment while minimizing impact on healthy cells. The increasing approval rate of monoclonal antibody drugs globally continues to strengthen this segment’s growth.
Immunomodulators
Immunomodulators make up nearly 30% of the market and are vital for modulating the body’s immune response to combat cancer. They enhance the effectiveness of treatments by either boosting or dampening immune functions. The rise in the use of checkpoint inhibitors such as PD-1 and PD-L1 inhibitors has been a key driver in expanding the immunomodulator segment.
Oncolytic Viral Therapies and Cancer Vaccines
Accounting for about 15% of the global market, these innovative therapies are gaining traction. Oncolytic viruses are genetically modified to selectively destroy cancer cells, while cancer vaccines train the immune system for long-term tumor recognition and resistance. Continued research and an increase in clinical trial activities are accelerating the growth of this emerging segment.
Global Cancer Immunotherapy Market, Segmentation by Cancer Type
The Global Cancer Immunotherapy Market has been segmented by Cancer Type into Lung cancer, Breast cancer, Colorectal cancer, Melanoma, Prostate cancer, Head and neck cancer and Ovarian cancer.
Lung Cancer
Lung cancer accounts for nearly 25% of the global cancer immunotherapy market. With a high mortality rate, it is a prime target for therapeutic advancements. The success of checkpoint inhibitors in treating non-small cell lung cancer (NSCLC) continues to drive innovation in this segment.
Breast Cancer
Breast cancer represents about 18% of the market and is increasingly managed with targeted immunotherapies, especially in triple-negative breast cancer cases. Enhanced screening and awareness campaigns contribute to early detection and wider adoption of immunotherapy solutions.
Colorectal Cancer
Colorectal cancer holds around 12% of the market share. Treatments targeting microsatellite instability-high (MSI-H) tumors are gaining traction. Ongoing trials are exploring combination immunotherapies to boost treatment outcomes for a broader patient base.
Melanoma
Melanoma contributes nearly 10% to the immunotherapy market. This cancer type has seen remarkable success through PD-1 and CTLA-4 inhibitors, which significantly improve survival rates when used in early treatment stages.
Prostate Cancer
With close to 9% market share, prostate cancer remains a challenging area for immunotherapy. However, developments in vaccine-based treatments and cellular therapies are showing encouraging progress in clinical studies.
Head and Neck Cancer
Head and neck cancers account for about 8% of the market. Promising results from immune checkpoint inhibitors in treating recurrent and metastatic forms are helping expand therapeutic options in this domain.
Ovarian Cancer
Ovarian cancer captures approximately 6% of the market. Though still emerging, personalized cancer vaccines and immunotherapy combinations are driving new hope in treating this complex and often late-diagnosed cancer.
Global Cancer Immunotherapy Market, Segmentation by Distribution Channel
The Global Cancer Immunotherapy Market has been segmented by Distribution Channel into Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy.
Hospital Pharmacy
Hospital pharmacies dominate the cancer immunotherapy market with a share of approximately 55%. These facilities offer specialized handling and administration of immunotherapeutic drugs under expert supervision. Their access to advanced healthcare infrastructure and oncology-trained pharmacists makes them the leading distribution channel in this space.
Retail Pharmacy
Retail pharmacies hold close to 30% of the market share. With their wide geographic reach and ease of access, they play a growing role in dispensing oral cancer immunotherapy drugs. Increasing collaborations with specialty drug suppliers are further enhancing their relevance in the treatment ecosystem.
Online Pharmacy
Online pharmacies contribute around 15% to the global cancer immunotherapy distribution market. The rising adoption of telehealth platforms and the convenience of home delivery services are propelling the growth of this channel. Enhanced digital infrastructure and customer preference for remote services support its upward trajectory.
Global Cancer Immunotherapy Market, Segmentation by End Use
The Global Cancer Immunotherapy Market has been segmented by End Use into Hospitals & Clinics, Cancer Research Centers, and Others.
Hospitals & Clinics
Hospitals and clinics account for nearly 65% of the cancer immunotherapy market by end use. These settings provide comprehensive cancer care with access to advanced treatment infrastructure and skilled oncology specialists. Their ability to deliver specialized immunotherapy regimens makes them the leading application segment.
Cancer Research Centers
Cancer research centers represent approximately 20% of the market. They play a pivotal role in clinical trials and the development of next-generation immunotherapies. These facilities also facilitate early adoption of innovative cancer treatments through academic and pharmaceutical collaborations.
Others
The "Others" category, comprising homecare services and ambulatory care centers, contributes about 15% to the market. With the increasing demand for outpatient immunotherapy options and personalized patient care, these alternative settings are gaining traction in the cancer treatment landscape.
Global Cancer Immunotherapy Market, Segmentation by Geography
In this report, the Global Cancer Immunotherapy Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Global Cancer Immunotherapy Market Share (%), by Geographical Region, 2024
North America
North America commands over 45% of the global cancer immunotherapy market. This dominance is attributed to a combination of advanced healthcare infrastructure, high cancer incidence rates, and supportive regulatory frameworks. The strong presence of leading pharmaceutical companies further accelerates innovation and market penetration.
Europe
Europe holds a market share of around 25%, driven by increasing investments in cancer research and development. The growing acceptance of immunotherapeutic treatments in countries like Germany, France, and the UK is enhancing the region’s adoption rate.
Asia Pacific
Asia Pacific contributes close to 18% of the total market. Rising healthcare investments, expanding public awareness of cancer therapies, and government-backed efforts to improve access to innovative treatments are key factors boosting regional growth.
Middle East and Africa
The Middle East and Africa represent approximately 7% of the cancer immunotherapy market. Enhancements in medical infrastructure and increasing government healthcare initiatives, especially in the Gulf Cooperation Council (GCC) countries, are driving the gradual growth in this region.
Latin America
Latin America captures about 5% of the global market. Expansion of oncology treatment programs and the introduction of global pharma collaborations are helping to build momentum for immunotherapy adoption across the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Cancer Immunotherapy Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers
- Advancements in immune checkpoint inhibitor technology
- Rising cancer prevalence worldwide accelerates demand
- Increased R&D in personalized immunotherapies
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Favorable regulatory approvals boosting treatment access - In recent years, regulatory agencies such as the U.S. FDA and EMA have significantly supported the fast-tracking of cancer immunotherapies, helping to bring innovative treatments to market faster. This accelerated approval system is a powerful driver for the global cancer immunotherapy market, encouraging pharmaceutical companies to expand their pipelines with more confidence due to a supportive regulatory environment.
These changes have not only reduced time-to-market but also decreased the financial risk often associated with drug development. As a result, biotech startups and mid-sized firms are increasingly entering the sector, fostering innovation and competition. This benefits patients with more targeted and diverse treatment options for a wide range of cancer types.
Emerging economies in Asia-Pacific and Latin America are also adopting flexible regulatory pathways, improving access to novel immunotherapies. These regional efforts contribute to a more inclusive and global approach to combating cancer using immune-based therapies.
As global agencies continue refining their approval frameworks, the cancer immunotherapy market will likely grow rapidly. These evolving policies not only accelerate the path from research to clinical use but also support the development of next-gen therapies, including mRNA-based solutions and engineered T-cells.
Restraints
- High cost of immunotherapy treatments
- Complexity in clinical trial design processes
- Limited awareness in low-income regions
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Variable response rates among different patients - A persistent barrier in the cancer immunotherapy space is the inconsistent patient response. While immunotherapy has been life-changing for some, many patients experience little to no improvement, even with the same diagnosis and therapy regimen. This lack of predictability can severely undermine treatment planning and reduce clinician and patient confidence.
The absence of reliable biomarkers to forecast therapy effectiveness further complicates matters. Patients who undergo cost-intensive treatments without guaranteed success often face not only financial hardships but also emotional and physical tolls. These risks lead to hesitation among healthcare providers and insurance companies.
Scientific data shows that factors like tumor mutational burden and immune cell presence play a role in response variability. However, because these parameters are not uniformly applied across healthcare systems, accurate patient stratification remains a challenge.
The lack of standardized predictive tools limits broader adoption. Until personalized diagnostics and more precise screening techniques are developed, variable response rates will remain a significant restraint to market growth.
Opportunities
- Growing interest in neoantigen-based therapies
- Adoption of AI in drug discovery
- Expansion into emerging healthcare markets
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Development of off-the-shelf immunotherapy solutions - The development of off-the-shelf immunotherapy solutions represents a breakthrough opportunity for the global cancer immunotherapy market. Traditional treatments such as autologous CAR-T cells are time-consuming and expensive. By contrast, allogeneic or off-the-shelf therapies use donor cells, making them mass-producible and immediately available, reducing both costs and wait times.
This scalability introduces standardization and commercial viability, enabling biotech companies to produce immune cells in large batches that can target common cancer markers. For patients with aggressive cancers, the ability to receive treatment without delay is a significant clinical advantage.
Advances in gene-editing technologies like CRISPR are accelerating the development of these ready-to-use therapies. Trials have shown early success in blood cancers, and research is progressing in applications for solid tumors as well. Interest from investors and pharma giants is also boosting momentum in this field.
If proven safe and broadly effective, off-the-shelf immunotherapies could transform cancer care. Their convenience and affordability make them strong candidates for becoming mainstream treatments, unlocking a major growth opportunity in the coming years.
Competitive Landscape Analysis
Key players in Global Cancer Immunotherapy Market include:
- Bristol Myers Squibb
- Merck & Co.
- Roche Holding AG
- AstraZeneca
- Novartis AG
- Pfizer Inc
- Amgen Inc
- GlaxoSmithKline plc
- Johnson & Johnson
- Celgene Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Cancer Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Global Cancer Immunotherapy Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in immune checkpoint inhibitor technology
- Rising cancer prevalence worldwide accelerates demand
- Increased R&D in personalized immunotherapies
- Favorable regulatory approvals boosting treatment access
- Restraints
- High cost of immunotherapy treatments
- Complexity in clinical trial design processes
- Limited awareness in low-income regions
- Variable response rates among different patients
- Opportunities
- Growing interest in neoantigen-based therapies
- Adoption of AI in drug discovery
- Expansion into emerging healthcare markets
- Development of off-the-shelf immunotherapy solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Cancer Immunotherapy Market, By Product, 2021 - 2031 (USD Million)
- Monoclonal Antibodies
- Immunomodulators
- Oncolytic viral therapies and cancer vaccines
- Global Cancer Immunotherapy Market, By Cancer Type, 2021 - 2031 (USD Million)
- Lung cancer
- Breast cancer
- Colorectal cancer
- Melanoma
- Prostate cancer
- Head and neck cancer
- Ovarian cancer
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Global Cancer Immunotherapy Market, By Distribution Channel, 2021 - 2031 (USD Million)
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Hospital Pharmacy
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Retail Pharmacy
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Online Pharmacy
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- Global Cancer Immunotherapy Market, By End Use, 2021 - 2031 (USD Million)
- Hospitals & Clinics
- Cancer Research Centers
- Others
- Global Cancer Immunotherapy Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Cancer Immunotherapy Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Bristol Myers Squibb
- Merck & Co
- Roche Holding AG
- AstraZeneca
- Novartis AG
- Pfizer Inc
- Amgen Inc
- GlaxoSmithKline plc
- Johnson & Johnson
- Celgene Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market