Market Overview: Global Oncolytic Virus Therapy Market
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Oncolytic Virus Therapy Market Insights 2022-27
The Global Oncolytic Virus Therapy Market is projected to grow at a CAGR of around 20.3% during the forecast period i.e. 2022-27.
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Top Players in the Oncolytic Virus Therapy Market:
- Amgen Inc.
- Daiichi Sankyo Company Limited
- DNAtrix
- Genelux Corporation
- Oncolytics Biotech Inc.
- PsiOxus Therapeutics
- RIGVIR Ltd.
- Shanghai Sunway Biotech Co. Ltd.
- SillaJen Inc.
- Sorrento Therapeutics Inc.
- Takara Bio Inc.
- Lokon Pharma AB
- VCN Biosciences
- ViroCure Inc.
- Viralytics Ltd. (Merck & Co. Inc.)
Segmentation Analysis of Oncolytic Virus Therapy Market
Oncolytic Virus Therapy Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Application
- Solid Tumor
- Melanoma
- Hematological Malignancies
Melanoma is anticipated to dominate the Global Oncolytic Virus Therapy Market in the coming years. It owes to the increasing cases of this skin cancer among people arising from melanocytes. The early-stage lesions might be curative through complete surgical excision, yet the metastatic melanoma remains therapeutically challenging.
Oncolytic Virus Therapy uses the native or attenuated live viruses to selectively eliminate the melanoma cells & induce systemic tumor-specific immune responses. The treatment for Melanoma has evolved rapidly in recent years and has used intratumoral injections. The first FDA-approved oncolytic virus therapy was in 2015, called Talimogene Laherparepvec (T-VEC). This virus displays improvements in patients with a durable response rate with advanced Melanoma.
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-By Therapy
- IMLYGIC (Talimogene Laherparepvec)
- Oncorine
- RIGVIR Immunotherapy
- Onyx-15
- Reolysin
-By Type of Virus
- Genetically Engineered Oncolytic Virus
- Oncolytic Wild Type of Viruses
-By End-User
- Hospitals
- Clinics
- Patients
- Cancer Research Institutes
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is projected to attain the largest market share during 2022-27, mainly due to its extensive & superior healthcare infrastructure, coupled with improvised reimbursement policies across various countries. Additionally, the well-established research environment for biotechnologies in the region also significantly contributes to the overall market growth. Besides, the presence of the leading healthcare providers, especially in countries like the US & Canada, coupled with their active participation in the R&D of cancer therapy through massive investments, are other crucial aspects expected to drive the regional market in the coming years.
Recently, Amgen Inc. has received approval from the US Food & Drug Administration (FDA) for a Biologics License Application for IMLYGIC (T-Vec) Therapy. It is principally for the local treatment of unresectable cutaneous, subcutaneous and nodal lesions in patients with melanoma that is recurrent after the initial surgery.
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