Europe Cancer Immunotherapy Market Size & Outlook

The cancer immunotherapy market in Europe is expected to reach a projected revenue of US$ 74,946.4 million by 2033. A compound annual growth rate of 9.4% is expected of Europe cancer immunotherapy market from 2025 to 2033.
Revenue, 2024 (US$M)
$33,573.6
Forecast, 2033 (US$M)
$74,946.4
CAGR, 2025 - 2033
9.4%
Report Coverage
Europe

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Europe cancer immunotherapy market, 2021-2033 (US$M)

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Europe cancer immunotherapy market highlights

  • The Europe cancer immunotherapy market generated a revenue of USD 33,573.6 million in 2024.
  • The market is expected to grow at a CAGR of 9.4% from 2025 to 2033.
  • In terms of segment, monoclonal antibodies was the largest revenue generating product in 2024.
  • Oncolytic Viral Therapies and Cancer Vaccines is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Spain is expected to register the highest CAGR from 2025 to 2033.


Europe data book summary

Market revenue in 2024USD 33,573.6 million
Market revenue in 2033USD 74,946.4 million
Growth rate9.4% (CAGR from 2025 to 2033)
Largest segmentMonoclonal antibodies
Fastest growing segmentOncolytic Viral Therapies and Cancer Vaccines
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationMonoclonal Antibodies, Check Point Inhibitors, Oncolytic Viral Therapies and Cancer Vaccines
Key market players worldwidePfizer Inc, AstraZeneca PLC, Merck & Co Inc, Roche Holding AG, Bristol-Myers Squibb Co, Novartis AG ADR, Eli Lilly and Co, Johnson & Johnson, Immunocore Holdings PLC ADR


Other key industry trends

  • In terms of revenue, Europe region accounted for 23.8% of the global cancer immunotherapy market in 2024.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2033.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 71,890.9 million by 2033.

Monoclonal antibodies was the largest segment with a revenue share of 67.31% in 2024. Horizon Databook has segmented the Europe cancer immunotherapy market based on monoclonal antibodies, check point inhibitors, oncolytic viral therapies and cancer vaccines covering the revenue growth of each sub-segment from 2021 to 2033.


Europe holds the second largest market share due to the presence of prominent research institutes and market players in this region. The growth of cancer immunotherapy market in this region can be attributed to increasing collaborations between European universities and oncology drug manufacturers.

Increasing number of initiatives being undertaken by governments and private organizations to create awareness about cancer diagnosis & treatment is expected to boost the growth of Europe cancer immunotherapy market during the forecast period.

The cancer immunotherapy market in Europe is expected to grow at a significant rate during the forecast period due to combined efforts of several government & private institutes, such as European Organization for Research and Treatment of Cancer (EORTC) and the European Medicines Agency (EMA), to develop a unique program focusing on multiple approaches in drug development.

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Cancer Immunotherapy Market Companies

Name Profile # Employees HQ Website
Immunocore Holdings PLC ADR View profile 497 92 Park Drive, Milton Park, Abingdon, Oxfordshire, United Kingdom, OX14 4RY https://www.immunocore.com
AstraZeneca PLC View profile 89900 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AA https://www.astrazeneca.com
Eli Lilly and Co View profile 43000 Lilly Corporate Center, Indianapolis, IN, United States, 46285 https://www.lilly.com
Bristol-Myers Squibb Co View profile 34100 Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 https://www.bms.com
Merck & Co Inc View profile 72000 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 https://www.merck.com
Roche Holding AG View profile 103605 Grenzacherstrasse 124, Basel, Switzerland, 4070 https://www.roche.com
Pfizer Inc View profile 88000 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 https://www.pfizer.com
Novartis AG ADR View profile 76057 Lichtstrasse 35, Basel, Switzerland, 4056 https://www.novartis.com
Johnson & Johnson View profile 134400 One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 https://www.jnj.com

Europe cancer immunotherapy market size, by country, 2021-2033 (US$M)

Europe Cancer Immunotherapy Market Outlook Share, 2024 & 2033 (US$M)

Europe cancer immunotherapy market size, by country, 2021-2033 (US$M)

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