LI_183723
|
Pages: 150
|
Sep 2018 | 2345 Views
|
|
|
Author(s) :
Pallavi Jaiswal & Sayali Shinde
|
Tables: 53
|
Charts: 44
|
Formats*: |
|
The global immune checkpoint inhibitors market was valued at $10,566 million in 2017, and is projected to reach $56,530 million by 2025, registering a CAGR of 20.1% from 2018 to 2025.
Immune checkpoint inhibitor is a type of drug used in immunotherapy. Although traditional chemotherapeutic drugs remain the first-line option for treatment of most cancer types, targeted immune therapies are emerging as standard treatments for advanced-stage cancers. These drugs target cell surface checkpoint proteins to stimulate the recognition and destruction of cancer cells by the immune system.
Surge in prevalence of cancer across geographies and increase in awareness of immune checkpoint inhibitors drive the growth of the global immune checkpoint inhibitors market. Furthermore, technological advancements in screening procedure for cancer, increased healthcare expenditures, increase in government initiatives to alleviate cancer, and rise in public awareness are expected to boost the growth of the market. However, high cost associated with research activities is projected to restrain the market growth.
Get more information on this report : Request Sample Pages
Immune Checkpoint Inhibitors Market Segmentation
The global immune checkpoint inhibitors market is segmented based on type, application, and region. Based on type, the market is classified into CTLA-4 inhibitor, PD-1 inhibitor, PD-L1 inhibitor, and others. Based on application, it is categorized as lung cancer, bladder cancer, melanoma, Hodgkin lymphoma, and others. Based on region, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil and rest of LAMEA).
Segment Review
Based on type, the PD-1 inhibitor segment was the major revenue contributor in 2017, and is anticipated to remain dominant during the forecast period due to increase in adoption of pembrolizumab and nivolumab, globally. However, the demand for PD-L1 inhibitor is projected to exhibit the fastest market growth during the forecast period owing to growth in adoption of durvalumab & avelumab and surge in R&D studies.
Get more information on this report : Request Sample Pages
Based on application, the lung cancer segment presently dominates the market, and is expected to remain dominant during the forecast period, due to rise in prevalence of lung cancer across the globe. Also, increase in use of immune checkpoint inhibitors in the treatment of non-small cell lung cancer (NSCLC) fuels the growth of this segment. In addition, increase in geriatric population, upsurge in cigarette smoking population, and advancements in diagnostic techniques for lung cancer boost the market growth. Immune checkpoint inhibitors such as pembrolizumab, nivolumab, atezolizumab, and durvalumab are approved for the treatment of NSCLC. Pembrolizumab, developed by Merck & Company, Inc., and nivolumab, developed by Bristol-Myers Squibb are major revenue contributors for bladder cancer segment. However, recently approved drugs atezolizumab, avelumab, and durvalumab are expected to drive the growth of the global immune checkpoint inhibitors market significantly during the forecast period.
Get more information on this report : Request Sample Pages
Snapshot of Asia-pacific Immune Checkpoint Inhibitors Market
Asia-Pacific presents lucrative opportunities for the key players operating in the immune checkpoint inhibitors market, owing to large population base, growth in awareness about advanced immune therapy, surge in incidence of cancer, and improvement of healthcare infrastructure. China, Japan, and India have high prevalence of cancer, which is expected to drive the demand for immune check point inhibitors in near future. However, healthcare insurance providers do not cover the entire expenses for the treatment of cancer. This factor is estimated to hamper the market growth in the Asia-Pacific region.
Get more information on this report : Request Sample Pages
The key players profiled in this report include 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.
Key Benefits for Stakeholders
Immune checkpoint inhibitors are a new form of immune therapy, which is used in the treatment of cancer. The adoption of immune checkpoint inhibitors is expected to increase in the near future, majorly due to rise in prevalence of cancer across the globe. Moreover, surge in demand for advanced therapeutics for the treatment of cancer, due to high unmet medical needs propels the growth of the market.
Rise in diagnosis of cancer in the developing countries, surge in R&D for combination studies of checkpoint inhibitors, and increase in awareness about immune checkpoint inhibitors in the developing countries are projected to supplement the market growth during the forecast period. However, complications and higher cost associated with the use of immune checkpoint inhibitors are expected to hinder the market growth.
North America is expected to remain dominant during the forecast period, due to surge in use of immune checkpoint inhibitors, owing to presence of advanced healthcare facilities and higher number of target population. In addition, Asia-Pacific and LAMEA are expected to offer lucrative opportunities to the key players during the forecast period, due to developments in healthcare infrastructure coupled with rise in demand for immune checkpoint inhibitors.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.