Therapeutic Cancer Vaccines Market to 2019

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The therapeutic cancer vaccines market is anticipated to grow rapidly throughout the forecast period from an estimated $0.59 billion in 2013 to approximately $7.59 billion by 2019, driven primarily by the approval of up to 12 vaccines across seven indications, six of which have no currently approved therapeutic vaccine.

The US is predicted to be the largest market due to the anticipated higher performance of these novel vaccines within this market where, unlike in the European markets, sales will not be severely restricted by their high cost-to-clinical-benefit ratio. The US market will also be driven by the high cost of the vaccines as specialty drugs, which is set to increase yearly at a rate substantially higher than that of the consumer price index.

As such, the US market is predicted to account for 96% of the total global therapeutic cancer vaccines market in 2013, decreasing slightly to 94% in 2019 with the approval of numerous vaccines in the EU and Japan, but remaining overwhelmingly dominant throughout the forecast period and into the foreseeable future.

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