Cancer vaccines market predicted to be worth $24 billion in 2033
The global cancer vaccines market is expected to garner a market value of $9 billion in 2023 and is expected to accumulate a market value of $24.22 billion by registering a compound annual growth rate (CAGR) of 12% in the forecast period 2023 to 2033.
The market for cancer vaccines registered a CAGR of 9% in the historical period 2018 to 2022, according to a report from Future Market Insights.
The cancer vaccines market is expected to experience significant growth in the coming years, driven by several factors. According to the World Health Organization (WHO), cancer is the second leading cause of death worldwide, responsible for an estimated 9.6 million deaths in 2018. The most common types of cancer worldwide include lung, breast, colorectal, prostate, stomach, and liver cancer.
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