Key Trends and Insights into the Eye Melanoma Market: Growth Rate and Opportunities to 2034
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What fueled the previous growth in the Eye Melanoma market?
Recent years have seen robust growth in the eye melanoma market size. The projected growth is from $9.1 billion in 2024 to $9.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%. This considerable growth during the historic period is largely due to factors such as heightened awareness and earlier detection, an ageing global population coupled with increased sun exposure, a rise in skin cancer cases, advancement of targeted therapies, and the implementation of patient advocacy and support programs.
What will be the eye melanoma market size in the future?
Forecasted advancements in the eye melanoma market predict a steep and robust expansion in the coming years. The market is projected to burgeon to a staggering $13.77 billion by 2029, with an impressive compound annual growth rate (CAGR) of 8.6%. Factors propelling this growth during the said forecast period encompass ongoing public health drives, extensive research in the realms of genetic and molecular profiling, and worldwide aging demographics. The forecast period also foresees paramount trends like the integration of artificial intelligence (AI), the advent of targeted therapies, emphasis on the development of drugs for rare diseases, patient-oriented approval processes for drugs, progress in the domains of diagnostic imaging and treatment methodologies, along with technological breakthroughs in imaging capabilities.
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What main drivers are fueling expansion in the eye melanoma market?
The rising incidence of eye cancer is projected to stimulate the expansion of the eye melanoma market. Also known as abnormal and uncontrolled cell development in the eye’s structures, the recognition and effective control of early-stage cases are fueling a demand for specialized treatments and interventions. This is bolstered by improved detection techniques, heightened awareness, and advances in treatment options. As a case in point, the American Cancer Society reported a 5.12% increase in eye and orbital cancer cases from 3,320 in 2021 to 3,490 in 2023. Consequently, the upward trajectory of eye cancer prevalence will spur the development of the eye melanoma market.
Expanding Geriatric Population Fuels Eye Melanoma Market Growth
What key areas define the segmentation of the global eye melanoma market?
The eye melanoma market covered in this report is segmented –
1) By Site: Uvea, Sclera, Retina
2) By Diagnosis: Imaging, Biopsy, Eye Exam
3) By Treatment: Surgery, Radiation Therapy, Targeted Therapy, Immunotherapy, Other Treatment
4) By End User: Hospitals And Clinics, Academic Institutes
Subsegments:
1) By Uvea: Choroid Melanoma, Ciliary Body Melanoma, Iris Melanoma
2) By Sclera: Scleral Melanoma
3) By Retina: Retinal Melanoma
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Who are the dominant players expanding their reach in the eye melanoma market?
Major companies operating in the eye melanoma market report are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Sanofi S.A., GlaxoSmithKline PLC, Eli Lilly and Company, Amgen Inc., Koninklijke Philips N.V., Carl Zeiss AG, Genentech Inc., Elekta Instrument AB, Brainlab AG, Optos Plc, Castle Biosciences Inc., Heidelberg Engineering, Nektar Therapeutics, RaySearch Laboratories AB, Nidek Co. Ltd., IDEAYA Biosciences, Immunocore Limited, Topcon Healthcare, Oraya Therapeutics Inc., Delcath Systems Inc.
How are evolving market trends shaping eye melanoma Strategies?
Leading corporations in the eye melanoma treatment industry are investing in the development of unique and innovative treatment methods, such as targeted therapies and immunotherapies, aiming to improve patient outcomes and life quality. Recently introduced into the field of oncology, targeted therapies and immunotherapies are groundbreaking treatment methods. For example, in January 2022, the U.S. Food and Drug Administration (FDA) approved Kimmtrak (tebentafusp-tabn), a T-cell receptor therapeutic that is the first treatment for individuals with unresectable or metastatic uveal melanoma (mUM). This treatment approval was given to Immunocore Ltd., a UK-based biopharmaceutical firm, which specializes in the R&D of biologic drugs using soluble T-cell receptor technology. Kimmtrak, an immunotherapy, targets a specific protein known as gp100 found on the surface of uveal melanoma (UM) cells. This therapy boosts the patient’s immune system to destroy melanoma using specialized immune cells via engineered T-cell receptors, offering a more accurate approach to cancer treatment.
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Which regions are emerging as leaders in the eye melanoma market?
North America was the largest region in the eye melanoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye melanoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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