Attributed to Growing Demand for the Development of Biological Targeting Cancer Therapy, PMR predicts that the immune checkpoint inhibitors will present opportunities for lucrative opportunities to invest in the near future – as quoted by a research expert at Persistence Market Research (Healthcare & Life Sciences).
Expanding at a booming CAGR of 14.6%, the global market for immune checkpoint inhibitors is expected to reach a value beyond US $ 35 Bn over 2018-2026. Growing prevalence of various types of cancers and expanding healthcare expenditure will remain the most prominent drivers of immune checkpoint inhibitors over the forecast period. Besides cancer prevalence, increasing FDA approvals and growing use of immune-oncology products in treating cancers also wants to push the demand for immune checkpoint inhibitors in the near future. However, high price point associated with both drug development and treatment wants to continue to restrict adoption. Frequently observed last stage failure thus wants to remain a major concern in the long run.
„Our extensive company share analysis predicts that the top two players in the global immune checkpoint inhibitors market currently hold a massive revenue share of over 95%. Based on the exhaustive assessment of each drug class in the global immune checkpoint inhibitors market, the PD-1 intends to continue to dominance the market, primarily attributed to rapid FDA approvals to PD-1 products, „explained an expert Senior research analyst working with the healthcare and life sciences domain at persistence market research.
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FDA Approvals Continue to Encourage North American Market For Immune Checkpoint Inhibitors
North America is in the global market for immune checkpoint inhibitors with over 65% share of total market revenue. Large number of FDA approvals, increasing application base in treatments for various types of cancer, and increasing combination drug approvals will play a pivotal role in shaping the market for immune checkpoint inhibitors in North America. According to PMR’s regional analysis of global immune checkpoint inhibitors market, Asia Pacific wants to demonstrate vigorous growth throughout the projection period – at the double digit CAGR of over 17%.
High Potential Combination Therapies to Open New Doors of Opportunities
Bristol-Myers Squibb using a combination of Yervoy and Opdivo, the market for immune checkpoint inhibitors has been several more successful therapies in the pipeline. This is a major paradigm shift from companies from conventional mono-therapies to combination therapies for better end results. In a process of transforming oncology, the global market for immune checkpoint expects successful introduction of multiple therapies. One of those in the pipeline includes the combination with target specific mAbs, chemotherapy,
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Key Players to Invest Efforts in Developing Products to Traverse Diverse Indications
The global immune checkpoint inhibitors market is competitive yet consolidated due to the strong presence of established players; however, a few prominent brands such as Tecentriq have strategically maintained a consistent position in the market since their first product launch. A wide range of indications in the global immune checkpoint inhibitors marketplace.
Established companies in the global immune checkpoint inhibitors market landscape are striving to improve their therapeutic product offerings. Moreover, KSA and South Africa are looking for approvals to their products in these markets.
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