The global Checkpoint Inhibitor Refractory Cancer Market revenue is expected to reach US$ 38.69 billion in 2023 and to grow at a CAGR of 11.26% between 2023 and 2033, eventually reaching roughly US$ 112.43 billion by 2033. This expansion is being driven by increased demand for extended indications of existing immunotherapies, such as checkpoint inhibitors like PD-1/PD-L1, which give a tailored strategy to decreasing toxicity and improving efficacy.
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The effectiveness of checkpoint inhibitors, together with the rising prevalence of cancer, is a major contributor to the increase in market revenue. Technological improvements and innovations are projected to propel market expansion even more. Furthermore, an increase in R&D activities, the commercial success of new medicines, a jump in the use of approved checkpoint inhibitor medications in the 7MM, and a growth in the cases of various malignancies where checkpoint inhibitors are employed are expected to boost the market’s revenue share.
BerGenBio, OncoSec Medical, Mirati Therapeutics, CatalYm, and Checkmate Pharmaceuticals are among the businesses actively exploring new medication therapy alternatives for treating various forms of Checkpoint Inhibitor Refractory Cancers. Due to its demonstrated efficacy in treating FDA-approved indications such as head and neck squamous cell cancer, non-small cell lung cancer, and melanoma, pembrolizumab (KEYTRUDA) is witnessing a spike in demand globally. As a result, market participants are investing extensively in the development of these products, and this trend is projected to continue.
The expanding worldwide cancer burden is increasing the usage of checkpoint inhibitors as first-line therapy for a variety of cancers. if a result, if the prevalence of cancer rises, so will the use of checkpoint inhibitors, fostering market expansion in the coming years.
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Key Takeaways from the Market Study
- By 2022, the global Checkpoint Inhibitor Refractory Cancer Market was estimated to be worth US$ 781.0 billion.
- From 2018 to 2022, market demand increased at a 5.5% CAGR.
- The Non-Small Cell Lung segment of the market accounts for the majority of the market with a 37% market share.
- The Hospital Pharmacies category dominated the market by End-User, accounting for 48.3% of the market.
- Checkpoint Inhibitor Refractory Cancer sales are predicted to grow at a CAGR of 11.26% between 2023 and 2033.
- The market for Checkpoint Inhibitor Refractory Cancer is anticipated to reach US$ 112.43 billion by 2033.
A rapid increase in the global prevalence of several cancers globally is one of the major factors that is expected to escalate the growth of the Checkpoint Inhibitor Refractory Cancer market in the forthcoming years, remarks an FMI analyst.
Competitive Landscape
Prominent players in the Checkpoint Inhibitor Refractory Cancer market are Bristol-Myers Squibb, AstraZeneca, Merck, Genentech/Hoffmann-La Roche, Regeneron Pharmaceuticals, Merck KGaA, Pfizer, Bristol-Myers Squibb, Janssen Research and Development, LLC., 4D pharma plc., 4SC AG, OncoSec Medical, Mirati Therapeutics, Ascentage Pharma Group, and ENB Therapeutics, Inc., among others.
Recent Developments:
- In January 2020, Merck & Co. acquired ArQule Inc., a company that develops therapeutics based on its proprietary Activated Checkpoint Therapy platform.
- In July 2019, Sanofi signed an agreement with Roche for the exclusive over-the-counter (OTC) rights to Tamiflu for the prevention and treatment of influenza or flu in the United States.
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Key Segments Covered in the Checkpoint Inhibitor Refractory Cancer Industry Analysis
Checkpoint Inhibitor Refractory Cancer Market by Type:
- PD-1 Inhibitors
- PD-L1 Inhibitors
Checkpoint Inhibitor Refractory Cancer Market by Application:
- Hodgkin Lymphoma
- Kidney Cancer
- Melanoma
- Non-Small Cell Lung Cancer
- Others
Checkpoint Inhibitor Refractory Cancer Market by End-User:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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