The globaloncolytic virus therapy marketsize is expected to reach USD 866.1 Million at a steady CAGR of 23.9% in 2028, according to latest analysis by Emergen Research. The complete portfolios of the key companies, including their production capacity, revenue share and size, gross margin, sales revenue and margin, growth rate, along with their business strategies and technological developments, have been discussed in the report. The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario. Cancer is a major cause of deaths in countries across the globe and it is estimated that in 2020, over 1.8 million new cancer cases were diagnosed in the US, with over 0.6 Million deaths occurring due to the disease. Also, around 70% of cancer mortality occurs in low and middle-income countries.
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The Global Oncolytic Virus Therapy Market report offers a comprehensive analysis of the Oncolytic Virus Therapy market with regards to the current and emerging trends, regional outlook, competitive landscape, and forecast estimation for revenue and market share. The report is updated with the COVID-19 crisis and its subsequent impact on the economic scenario. The crisis has resulted in a drastic change in the economic landscape on a global level.The report discusses in detail the changing dynamics of the competitive landscape The report also provides a study about COVID-19 impact on the market size and the present and future impact of the COVID-19 pandemic.
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Major benefits of the Oncolytic Virus Therapy report:
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report encompasses a detailed forecast for the years 2020-2028
Some Key Highlights in the Report
- Monoclonal antibodies are considered beneficial in stimulating immune responses to destroy cancer cells. In addition, certain monoclonal antibodies are capable of blocking the connection between the cellular growth promoting proteins and cancer cells, thereby killing the cancer cells.
- In October 2020, Oncolytics Biotech made announced the signing of a partnership agreement with AIO and Roche to commence a Phase trial(GOBLET) for gastrointestinal cancer. The trial would examine the use of pelareorep with anti-PD-L1 checkpoint inhibitor by Roche in cancer patients.
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