Type (Oncolytic Adenoviruses, Gene Therapy Vectors)
The oncolytic adenoviruses segment in the adenovirus based virotherapy market is estimated to gain the largest revenue share of 60% in the year 2036. Oncolytic adenoviruses represent a cutting-edge approach in cancer therapy, leveraging the inherent ability of adenoviruses to infect and destroy cancer cells selectively. Several key drivers influence the growth of the oncolytic adenoviruses segment. One of the primary drivers propelling the growth of oncolytic adenoviruses is the relentless pursuit of advancements in virotherapy research. The increase in research investments underscores the commitment of the scientific community to explore and harness the potential of oncolytic adenoviruses in cancer treatment. Investments in oncolytic virotherapy research have witnessed an annual increase of 30% over the past five years, totaling USD 1.5 billion in the year 2022. Researchers are delving deep into understanding the intricate interactions between oncolytic adenoviruses and cancer cells. This includes refining the genetic modifications of adenoviruses to enhance tumor specificity and optimizing delivery mechanisms to improve their reach within tumor masses. Breakthroughs in virotherapy research are contributing to the development of safer, more potent oncolytic adenoviruses, driving the segment's growth.
End User (Hospitals, Research Institutes, Biopharmaceutical)
Adenovirus based virotherapy market from the hospitals segment is expected to garner a significant share in the year 2036. The hospitals segment plays a pivotal role in the growth and adoption of Adenovirus Based Virotherapy, serving as the primary point of access for patients seeking advanced cancer treatments. Several key drivers contribute to the growth of this segment. A significant growth driver for the hospitals segment is the escalating incidence of cancer, reflected in increase in hospital admissions. The burden of cancer has surged globally, necessitating advanced and targeted treatment modalities like Adenovirus Based Virotherapy. Hospitals, as comprehensive healthcare hubs, witness a steady influx of cancer patients seeking diagnosis, treatment, and specialized care. The rising demand for advanced therapies positions Adenovirus Based Virotherapy as a crucial component in hospitals' oncology services, fostering growth in the segment. Hospitals that comply with regulatory standards and achieve accreditation for virotherapy services demonstrate a commitment to patient safety and quality care. Accreditation fosters trust among patients, referring physicians, and regulatory bodies, positioning the hospital as a reliable provider of Adenovirus Based Virotherapy and supporting sustained growth in the segment.
Author Credits: Radhika Pawar
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