Cancer Vaccine Market Set to Hit 36% CAGR as mRNA Breakthroughs Expand Beyond Melanoma
The global cancer vaccine market, valued at $335 million in 2025, is projected to grow at a 36% compound annual rate through 2036. This expansion is driven by the recent Phase 3 success of Moderna and Merck’s personalized mRNA vaccine for melanoma, alongside a broadening pipeline targeting lung, prostate, and pancreatic cancers. While the US dominates current sales, analysts note a persistent gap between early immune responses and late-stage clinical efficacy.