India Cancer Immunotherapy Market Size & Outlook
India cancer immunotherapy market, 2018-2030 (US$M)
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India cancer immunotherapy market highlights
- The India cancer immunotherapy market generated a revenue of USD 3,340.6 million in 2023 and is expected to reach USD 9,004.2 million by 2030.
- The India market is expected to grow at a CAGR of 15.2% from 2024 to 2030.
- In terms of segment, monoclonal antibodies was the largest revenue generating product in 2023.
- Oncolytic Viral Therapies and Cancer Vaccines is the most lucrative product segment registering the fastest growth during the forecast period.
Cancer immunotherapy market data book summary
| Market revenue in 2023 | USD 3,340.6 million |
| Market revenue in 2030 | USD 9,004.2 million |
| Growth rate | 15.2% (CAGR from 2023 to 2030) |
| Largest segment | Monoclonal antibodies |
| Fastest growing segment | Oncolytic Viral Therapies and Cancer Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monoclonal Antibodies, Check Point Inhibitors, Oncolytic Viral Therapies and Cancer Vaccines |
| Key market players worldwide | Pfizer 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, India accounted for 2.7% of the global cancer immunotherapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cancer immunotherapy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,004.2 million by 2030.
Monoclonal antibodies was the largest segment with a revenue share of 68.17% in 2023. Horizon Databook has segmented the India 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 2018 to 2030.
Immunotherapy has emerged as a ground-breaking treatment strategy for cancer in India, where the disease burden is increase at a rapid rate. Opdivo, Keytruda, and TelCentris are, currently, the only approved immunotherapeutic drugs in India. Imfinzi, which is being investigated in late-stage clinical trial, is anticipated to join the immunotherapy brigade soon.
Although the current standard states that immunotherapy must be used only in advanced stages of the disease, clinical trials and research are investigating the possibility of immunotherapy as the first-line treatment for the disease. Immunotherapy is expected to be the standard treatment in over 50% lung cancer cases over the next few years.
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Cancer Immunotherapy Market Scope
Cancer Immunotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cancer immunotherapy market size, by product, 2018-2030 (US$M)
India Cancer Immunotherapy Market Outlook Share, 2023 & 2030 (US$M)
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