Cancer Vaccines Market

By Type;

Preventive and Therapeutic [Neoantigen and Others]

By Technology;

Cell-Based Vaccine, Recombinant and Others

By Indication;

Cervical & Related Cancers and Others

By ROA;

Intramuscular and Others

By End User;

Hospitals and Speciality Clinics & Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn611942909 Published Date: November, 2025 Updated Date: January, 2026

Cancer Vaccines Market Overview

Cancer Vaccines Market (USD Million)

Cancer Vaccines Market was valued at USD 9,470.08 million in the year 2024. The size of this market is expected to increase to USD 27,549.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 16.5%.


Cancer Vaccines Market

*Market size in USD million

CAGR 16.5 %


Study Period2026 - 2032
Base Year2025
CAGR (%)16.5 %
Market Size (2025)USD 9,470.08 Million
Market Size (2032)USD 27,549.47 Million
Market ConcentrationLow
Report Pages365
9,470.08
2025
27,549.47
2032

Major Players

  • Advaxis Inc.
  • Amgen Inc.
  • Dynavax Technologies Corporation
  • Generex Biotechnology Corporation
  • GlaxoSmithKline plc (GSK)
  • Immunocellular Therapeutics, Ltd
  • Merck & Co., Inc.
  • Sanpower Group CO. LTD. (DENDEREON CORPORATION)
  • UbiVac
  • Vaccinogen, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cancer Vaccines Market

Fragmented - Highly competitive market without dominant players


Cancer Vaccines Market is expanding rapidly as demand for innovative therapies that activate the immune system against cancer cells grows. About 45% of immunotherapy research is currently focused on cancer vaccines, underscoring their crucial role as adjunct treatments alongside conventional cancer therapies. These vaccines work by stimulating the immune system to recognize and attack cancer cells more effectively.

Technological Innovations Propel Growth
Advancements such as peptide-based and dendritic cell vaccines are fueling market growth, with around 50% of new vaccines employing sophisticated delivery methods that enhance precision and minimize adverse effects. These breakthroughs enable personalized treatments customized to individual tumor characteristics, improving patient outcomes.

Increasing Cancer Incidence Drives Market Demand
As cancer rates rise, roughly 60% of healthcare providers have incorporated cancer vaccines into therapeutic regimens. The surge in cancers like melanoma and prostate cancer has intensified vaccine research, leading to wider clinical use and acceptance.

Favorable Regulatory Environment
Regulatory bodies are accelerating cancer vaccine approvals, cutting review times by approximately 30% compared to traditional pharmaceuticals. This facilitates quicker market entry for new products and motivates greater investment in vaccine development.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Indication
    4. Market Snapshot, By Route Of Administration
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Cancer Vaccines Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Cancer Incidence
        2. Rising Awareness
        3. Personalized Medicine
      2. Restraints
        1. High Development Costs
        2. Limited Access in Low-income Regions
        3. Variable Vaccine Efficacy
      3. Opportunities
        1. Collaborative Research
        2. Expansion of Preventive Vaccines
        3. Improved Healthcare Infrastructure
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cancer Vaccines Market, By Type, 2021 - 2031 (USD Million)
      1. Preventive
      2. Therapeutic
        1. Neoantigen
        2. Others
    2. Cancer Vaccines Market, By Technology, 2021 - 2031 (USD Million)
      1. Cell-Based Vaccine
      2. Recombinant
      3. Others
    3. Cancer Vaccines Market, By Indication, 2021 - 2031 (USD Million)
      1. Cervical & Related Cancers
      2. Others
    4. Cancer Vaccines Market, By Route Of Administration, 2021 - 2031 (USD Million)
      1. Intramuscular
      2. Others
    5. Cancer Vaccines Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Speciality Clinics & Centers
    6. Cancer Vaccines Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Merck & Co., Inc.
      2. GSK plc
      3. Moderna, Inc.
      4. BioNTech SE
      5. Dendreon Pharmaceuticals LLC
      6. AstraZeneca
      7. Bristol-Myers Squibb
      8. Sanofi
      9. F. Hoffmann-La Roche / Genentech
      10. Gritstone Bio, Inc.
      11. Transgene
      12. OSE Immunotherapeutics
      13. ISA Pharmaceuticals BV
      14. Vaccitech plc
      15. Anixa Biosciences
  7. Analyst Views
  8. Future Outlook of the Market