Global Cancer Immunotherapy Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Monoclonal Antibodies, Immunomodulators & Oncolytic Viral Therapies, and Cancer Vaccines

By Cancer Type;

Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Prostate Cancer, Head & Neck Cancer, and Ovarian Cancer

By Distribution Channel;

Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy

By End Use;

Hospitals & Clinics, Cancer Research Centers, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn119494356 Published Date: May, 2025 Updated Date: June, 2025

Cancer Immunotherapy Market Overview

Cancer Immunotherapy Market (USD Million), 2021 - 2031

Cancer Immunotherapy Market was valued at USD 145,088.87 million in the year 2024. The size of this market is expected to increase to USD 365,286.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.1%.


Global Cancer Immunotherapy Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 14.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.1 %
Market Size (2024)USD 145,088.87 Million
Market Size (2031)USD 365,286.49 Million
Market ConcentrationLow
Report Pages338
145,088.87
2024
365,286.49
2031

Major Players

  • Bristol Myers Squibb
  • Merck & Co.
  • Roche Holding AG
  • AstraZeneca
  • Novartis AG
  • Pfizer Inc
  • Amgen Inc
  • GlaxoSmithKline plc
  • Johnson & Johnson
  • Celgene Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Cancer Immunotherapy Market

Fragmented - Highly competitive market without dominant players


The Cancer Immunotherapy Market is undergoing strong expansion, powered by the rising incidence of cancer and the increasing preference for precision-driven treatments. Immunotherapy is gaining prominence as it activates the body's immune mechanisms to destroy cancer cells. At present, nearly 35% of all cancer treatments now involve immunotherapy, indicating a major transformation in oncology practices.

Dominance of Advanced Biologics in Clinical Use
Within the immunotherapy space, monoclonal antibodies and checkpoint inhibitors are at the forefront, contributing to over 50% of current applications. These biologics offer improved survival rates and fewer adverse effects, making them a preferred option among clinicians. Their specificity in targeting cancer cells ensures effective outcomes and continues to reshape modern oncology standards.

Pipeline Growth and Research Momentum
Accelerated R&D efforts are boosting the market, with over 40% of cancer trials currently focusing on immunotherapy. Innovations such as CAR-T cell therapies and tumor-specific vaccines are gaining clinical traction.

Technology Integration Enhancing Market Growth
Recent technological innovations in diagnostics and drug development are making immunotherapy more effective and accessible. More than 30% of newly released cancer medications fall under the immunotherapy category. These developments are expected to strengthen the market's trajectory and deliver better patient outcomes across diverse treatment needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Cancer Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Cancer Immunotherapy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in immune checkpoint inhibitor technology
        2. Rising cancer prevalence worldwide accelerates demand
        3. Increased R&D in personalized immunotherapies
        4. Favorable regulatory approvals boosting treatment access
      2. Restraints
        1. High cost of immunotherapy treatments
        2. Complexity in clinical trial design processes
        3. Limited awareness in low-income regions
        4. Variable response rates among different patients
      3. Opportunities
        1. Growing interest in neoantigen-based therapies
        2. Adoption of AI in drug discovery
        3. Expansion into emerging healthcare markets
        4. Development of off-the-shelf immunotherapy solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cancer Immunotherapy Market, By Product, 2021 - 2031 (USD Million)
      1. Monoclonal Antibodies
      2. Immunomodulators
      3. Oncolytic viral therapies and cancer vaccines
    2. Cancer Immunotherapy Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Lung cancer
      2. Breast cancer
      3. Colorectal cancer
      4. Melanoma
      5. Prostate cancer
      6. Head and neck cancer
      7. Ovarian cancer
    3. Cancer Immunotherapy Market, By Distribution Channel, 2021 - 2031 (USD Million)

      1. Hospital Pharmacy

      2. Retail Pharmacy

      3. Online Pharmacy

    4. Cancer Immunotherapy Market, By End Use, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Cancer Research Centers
      3. Others
    5. Cancer Immunotherapy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bristol Myers Squibb
      2. Merck & Co
      3. Roche Holding AG
      4. AstraZeneca
      5. Novartis AG
      6. Pfizer Inc
      7. Amgen Inc
      8. GlaxoSmithKline plc
      9. Johnson & Johnson
      10. Celgene Corporation
  7. Analyst Views
  8. Future Outlook of the Market