Immune Checkpoint Inhibitors Market to Reach an Estimated Value of US$ 30,000 Mn in Revenues by 2026
As
projected by a new report published by Persistence Market Research
(PMR), the global immune checkpoint inhibitors market will exhibit a
spectacular expansion over the forecast period, 2017 to 2026. Global
sales of immune checkpoint inhibitor drugs are estimated to surpass US$
30,000 Mn in revenues by 2026-end.
Immune Checkpoint Inhibitors are Attracting Interests of Scientists and Drug Developers
Cancer
has become one of the major causes of deaths worldwide. Oncology
research is considered to be a vast field, with several disease
indications including few orphan/rare forms. Significant unmet
requirements exist for cancer therapeutics, albeit oncology’s
significant contribution based on drug development. Drug developers
across the globe are now shifting their focus toward immunotherapeutics,
wherein a human body’s immune system is leveraged to fight cancer.
Various classes of immunotherapeutics such as immune checkpoint
inhibitors are now attracting interests of scientists and drug
developers. A number of academic institutes and industry contributors
are making investments in research and development activities concerning
immune checkpoint inhibitors.
Report overview @ https://www.persistencemarketresearch.com/market-research/immune-checkpoint-inhibitors-market.asp
With
an opportunistic pipeline of development, the market is characterized
by participation of various well-established as well as niche market
players over a common platform. In a bid to gain a firm foothold in the
market, various stakeholders are entering into collaborations for
increasing their portfolio and global presence. For example, Dynavax
Technologies Corporation and Merck are together investigating potential
synergistic effects of drug developed by the combination of Dynavax’s
SD-101 with Merck’s two immunotherapies viz. MK-1966 and Keytruda.
Various niche players in the market are also exploring immune checkpoint
inhibitors’ potential in treating patients with cancer through the
development of next-generation immune checkpoint inhibitors therapy.
North America and Europe to Lead Global Immune Checkpoint Inhibitors Market in Terms of Revenues
In
terms of revenues, North America and Europe will continue to lead the
global immune checkpoint inhibitors market, however the latter will
register a relatively faster expansion through 2026. In addition,
Asia-Pacific excluding Japan (APEJ) is projected to ride on the highest
CAGR in the market through 2026, followed by Japan. Growth of the market
in APEJ can be highly attributed to rising number of research
collaborations between international players and companies in this
region. However, the market in Japan will account for comparatively
larger revenues than that in APEJ by 2026-end.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/20122
Although
PD-1 among drug class will continue to be the most lucrative, sales of
PD-L1 are projected to register the highest CAGR in the global immune
checkpoint inhibitors market through 2026. PD-L1 have been deemed
successful in treating Merkel cell carcinoma, non-small cell lung
cancer, and bladder cancer. In addition, a number of studies are being
carried out for use of PD-L1 inhibitors for various other types of
cancer. CTLA-4 are anticipated to remain the least lucrative drug class
of immune checkpoint inhibitors throughout the forecast period.
Key Research Findings from PMR’s Report on Immune Checkpoint Inhibitors
Urothelial
carcinoma and squamous cell carcinoma are projected to be the fastest
growing therapeutic applications of immune checkpoint inhibitors and are
collectively poised to account for over 40% revenue share of the market
by 2026-end. Sales of immune checkpoint inhibitors for treating
colorectal cancer and blood cancers are also expected to witness a
robust expansion through 2026.
In
terms of revenues, hospital pharmacies will continue to be the largest
distribution channels for immune checkpoint inhibitors, owing to
increasing number of hospital admissions associated with cancer.
Get Full Report now @ https://www.persistencemarketresearch.com/checkout/20122
Key
players identified by PMR’s report on the global immune checkpoint
inhibitors include Xinapse Systems Ltd., Toshiba Medical Systems
Corporation, Siemens Healthineers, Sciencesoft USA Corporation, Mirada
Medical Limited, Sanofi, Pfizer, Inc., Novartis AG, Merck KGaA, Merck
& Co., Inc., Incyte Corporation, F. Hoffman-La Roche, Celldex
Therapeutics, Bristol-Myers Squibb, and AstraZeneca.
Comments
Post a Comment