Immune Checkpoint Inhibitors Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 Global immune checkpoint inhibitors market to value over USD 26 Billion by 2029 end and register a CAGR of over 13.6% from 2019 to 2029. Immune checkpoint inhibitor is an eminent sphere of Immuno-oncology therapies. It is employed in the treatment of cancer by activating and strengthening the body’s immune system to fight the disease. The therapies and inhibitors target the immune system of the body to recognise and retaliate against foreign agents rather than attacking the tumour itself. The growth of the global immune checkpoint inhibitors market is attributed to the deteriorating health conditions as well as the rise in exposure to cancerous agents and pollutants in the environment. With the growing geriatric population, cancer as a disease is continually spreading and due to low immunity, it is prevalent in the older generation. Medical science- a dynamic field, cancer cures are discovered regularly and this is projected to drive the growth of the market. With the advancement in technology, the cures are becoming more efficient with minimal pain involved thus further promoting the global market of immune checkpoint inhibitors. Along with cancer prevalence, immune checkpoint inhibitors also have received several approvals by the FDA and thus are growing popular as a medical treatment. However, the discovery, treatment and research are expensive and that is expected to retrain the growth of the market in the future. Another aspect limiting the market’s growth is the high incurability rate observed in last stage cancer cases. On the contrary, growing awareness and knowledge helps the public gain an early diagnosis and thus helps the market to foster. Various firms in the field of cancer cure treatments have discovered better efficient cures thus helping the market to soar. For instance, Bristol-Myers Squibb, an American pharmaceutical company, developed a powerful combination of Yervoy, a monoclonal antibody used to treat late-stage, metastatic melanoma, deadly skin cancer and Opdivo, used in the treatment of patients with metastatic non-small cell lung cancer. This combination helped in the cases of patients with metastatic castration-resistant prostate cancer. With several more such discoveries and combinations in the pipeline, the market is poised to soar and gain huge revenue and traction. The paradigm shift from conventional mono-therapies to combination Immunooncology therapies has benefitted the market. The global market is competitive yet consolidated due to the strong presence of established players such as Tecentriq who have strategically maintained a consistent position in the market through constant innovation. Keytruda, Imfinzi and Opdivo therapies have received approvals for application for various ailments. To further elucidate, market drivers are constantly undertaking research to form immune checkpoint inhibitors and their combination therapies so as to find more cures. Market influencers are investing in research to further expand the market and explore it’s potential. The advent of innovative immune checkpoint therapies and inhibitors has supported the growth of the market. For instance, Sanofi, in 2015, entered into a new global collaboration, with Regeneron Pharmaceuticals, to discover, develop and commercialize new antibody. This was done to discover the treatment of phase 2 cutaneous squamous cell carcinoma. Such initiatives are further expected to accelerate the market’s growth. Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=268&page=requestsample Global Immune Checkpoint Inhibitors Market: Segmentation By Drug Class, > PD-1 > PD-L1 > CTLA-4 The PD-1 inhibitor segment garners the maximum revenue and is anticipated to remain dominant during the forecast period due to the increase in adoption. However, the demand for PD-L1 inhibitor is also projected to exhibit to grow at the highest CAGR. By Therapeutic Application > Lung Cancer > Melanoma > Urothelial Carcinoma > Squamous Cell Carcinoma > Blood Cancer > Other Cancers The lung cancer segment presently dominates the market and is expected to remain dominant during the forecast period, due to the rise in the prevalence of lung cancer given pollution, rise in smokers and allergies across the globe. By Distribution Channel > Hospital Pharmacies > Retail Pharmacies By Region: > Europe > North America > APAC > Latin America > Rest of World Asia-Pacific presents lucrative trade opportunities for the immune checkpoint inhibitors market, owing to the large population base, the surge in the incidence of cancer, growth in awareness about advanced immune therapy, and improvement of healthcare infrastructure. Purchase a Copy of this Premium Research Report At: https://www.futurewiseresearch.com/checkout.aspx?ReportId=268&license=single Competitive Landscape: > Tier 1 players- established companies in the market with a major market share > Tier 2 players > Emerging players which are growing rapidly > New Entrants The major market influencers are AstraZeneca PLC., Bristol-Myers Squibb Company, Eli Lilly and Company (ARMO Biosciences.), Fortress Biotech, Inc. (Checkpoint Therapeutics, Inc.), F. Hoffmann-La Roche Ltd. (Genentech, Inc.), Immutep Limited, Merck & Co., Inc., Merck KGaA (EMD Serono, Inc.), Novartis AG, and Pfizer Inc. These firms are mainly concentrating on incorporating value addition programs for regulating the customer base through the enhancement of product offerings to suit a diverse range of indications. FutureWise Takeaways > Growth prospects > SWOT analysis > Key trends > Key data points affecting market growth Objectives of the Study: > To provide an exhaustive analysis on the global immune checkpoint inhibitors market by drug class, by therapeutic application, by distribution channel, by end-user and by region > To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) > To evaluate and forecast micro-markets and the overall market > To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East. > To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions > Profiling of companies to evaluate their market shares, strategies, financials and core competencies Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
Global immune checkpoint inhibitors market to value over USD 26 Billion by 2029 end and register a CAGR of over 13.6% from 2019 to 2029. Immune checkpoint inhibitor is an eminent sphere of Immuno-oncology therapies. It is employed in the treatment of cancer by activating and strengthening the body’s immune system to fight the disease. The therapies and inhibitors target the immune system of the body to recognise and retaliate against foreign agents rather than attacking the tumour itself.
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