Cancer Immunotherapy Drug Discovery Outsourcing Market Size & Growth Forecast, 2030

Latest Study on “Cancer Immunotherapy Drug Discovery Outsourcing Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2022-2030”.

The global Cancer Immunotherapy Drug Discovery Outsourcing market size is expected to be worth around USD xx billion by 2030, according to a new report by Nova one advisor.

The global Cancer Immunotherapy Drug Discovery Outsourcing market size was valued at USD xx billion in 2021 and is anticipated to grow at a CAGR of xx% during forecast period 2022 to 2030.

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The main drivers of this market are the increasing prevalence of cancer Worldwide, increasing investment by pharmaceutical and biotechnology companies in cancer research, and the rise in awareness among people for advanced treatment of cancer.

In the early stages of the COVID-19 pandemic, there was a halt in the growth of the cancer immunotherapy drug discovery market. This decrease in cancer immunotherapy drug discovery is due to the influx of a large number of patients that are infected with COVID-19 and require immediate intensive care and treatment. Also, disruptions in the supply chain, travel restrictions to prevent pandemics, and strict regulations have resulted in delays in the cancer immunotherapy drug discovery market. However, this impact will be significantly reduced by adopting strategic methods taken by pharmaceutical companies and regulatory authorities.

Other drivers of the market are the rising demand for outsourcing of drug discovery, which is increasing rapidly due to low cost as compared to in-house R&D costs, and the use of a tax credit that allows several benefits. For instance, reduces problems that are generally encountered with taxation authorities and it allows pharmaceutical and biotechnology companies to plan effectively their global projects with CRO. Also, the governments are actively participating and taking initiatives for cancer treatment. For instance, in April 2022, the government of India launched 17 hospitals for the treatment of cancer. This is a joint initiative taken by Tata trust and the government, to create an affordable cancer care network.

Also, there is the development of various new molecules for cancer immunotherapy and new immunotherapeutic options such as checkpoint inhibitors, immunomodulators, tumor-infiltrating lymphocytes, and CAR-T cell therapy. Several others are still in the pipeline to check their efficacy against cancer.

Report Scope of the Cancer Immunotherapy Drug Discovery Outsourcing Market

Key Takeaways:

• By Service Type, the U.S. Cancer Immunotherapy Drug Discovery Outsourcing market was valued at USD 400.2 million in 2021 and expected to witness growth at a CAGR of 10.9% from 2022 to 2030.
• The monoclonal antibodies segment dominated the market and accounted for the largest revenue share of 67.3% in 2021. This growth is due to high efficacy and a rise in regulatory approvals
• The lead screening and characterization segment is expected to account for the fastest CAGR of 10.5% during the forecast period. This is due to a rise in new and effective ways to decrease the time for effective assays in this segment
• The lung cancer segment accounted for the largest revenue share of 24.0% in 2021. This rise is due to the large number of prevalent effective immunotherapies for this cancer type
• North America dominated the market and accounted for a revenue share of 37.3% in 2021. This is due to a rise in demand for new technologies and an increasing incidence of cancer in the region

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Regional Insights

North America dominated the cancer immunotherapy drug discovery outsourcing market and accounted for the largest revenue share of 37.3% in 2021. This market is likely to grow due to the presence of a large number of pharmaceutical and biotech companies and key CROs in the region. Also, the presence of prominent market players in the region and government support for cancer immunotherapy drug discovery outsourcing is further promoting market growth. For instance, the U.S. government has reinitiated Cancer Moonshot due to a large number of investments in cancer therapeutics, diagnostics, and patient-driven care. The main aim of this is to reduce the death rate from cancer in the U.S. over the next 25 years by at least 50%.

In Asia Pacific, the market is expected to witness a lucrative CAGR of 11.7% during the forecast period. This is due to the increasing number of CROs that offers cost-effective drug discovery services, the rise in the use of advanced technology, and a large number of market players who comply with Good Laboratory Practices (GLP) and follows regulatory guidelines effectively.

Some of the prominent players in the Cancer Immunotherapy Drug Discovery Outsourcing Market include:

• Covance, Inc.
• Explicyte
• Aquila BioMedical
• Horizon Discovery Group PLC
• Crown Bioscience, Inc.
• Promega Corporation
• HD Biosciences Co., Ltd.
• BPS Bioscience, Inc.
• Genscript Biotech Corporation
• DiscoverX Corporation
• Celentyx Ltd.
• ImmunXperts SA
• Personalis, Inc.
• STC Biologics
• Molecular Imaging, Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Cancer Immunotherapy Drug Discovery Outsourcing market

• Drug Type     
  • Monoclonal Antibodies
  • Immunomodulators
  • Oncolytic Viral Therapies and Cancer Vaccines
  • Others
• Service Type 
  • Target Identification and Validation
  • Lead Screening and Characterization
  • Cell-based Assays
• Cancer Type 
  • Lung
  • Breast
  • Colorectal
  • Melanoma
  • Prostate
  • Head and Neck
  • Ovarian
  • Pancreatic

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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