Tecentriq (Atezolizumab) Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the tecentriq (atezolizumab) market?
The market for tecentriq (atezolizumab) has experienced swift expansion in recent years. It is anticipated to inflate from $3,880 million in 2024 to $4,360 million in 2025, exhibiting a compound annual growth rate (CAGR) of 12.3%. The growth during the historical period is ascribed to factors such as a surge in demand for monitoring of minimal residual disease (MRD), the relevance of real-world evidence, rising interest in novel drug formulations, high incidence of triple-negative breast cancer, and an uptick in usage in first-line treatment scenarios.
What will be the tecentriq (atezolizumab) market size in the future?
Expectations for the tecentriq (atezolizumab) market foresee a swift expansion in the upcoming years, as it is predicted to surge to a value of $6,850 million by 2029, posting a compound annual growth rate (CAGR) of 12%. Factors contributing to this forecasted growth include a greater emphasis on early detection and prevention of diseases, increased survival rates from cancer, the broadening of global initiatives in cancer research, elevated healthcare expenditure in developing economies, and heightened awareness amongst patients and doctors. Key trends predicted to shape this forecasted period include the assimilation of artificial intelligence (AI), the use of telemedicine and remote monitoring, regulatory innovations, advancements in the discovery of biomarkers, and the development of innovative drugs.
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What main drivers are fueling expansion in the tecentriq (atezolizumab) market?
The escalating occurrence of cancer is anticipated to propel the tecentriq (atezolizumab) market’s expansion. This increment in cancer prevalence can be linked to various factors like an aging populace, enhanced detection strategies, changes in lifestyle, exposure to certain environments, and increased survival rates, which all lead to a higher number of people being diagnosed and surviving with cancer. The necessity for Tecentriq (atezolizumab) in cancer care is due to its ability to leverage the immune system to battle cancer by inhibiting PD-L1, a building block that enables tumors to escape immune recognition. This allows the immune system’s T-cells to identify and eradicate cancer cells more efficiently. For example, in January 2024, as reported by the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer diagnoses rose to 2,001,140 from 1,958,310 in 2023, signifying a growth of 2.19%. Hence, the surging occurrence of cancer is fueling the growth of the Tecentriq (Atezolizumab) market.
What key areas define the segmentation of the global tecentriq (atezolizumab) market?
The tecentriq (atezolizumab)market covered in this report is segmented –
1) By Drug Class: PD-L1 Inhibitors; PD-1 Inhibitors; CTLA-4 Inhibitors; Immunomodulators; Other Drug Classes
2) By Clinical Indication: Lung Cancer; Bladder Cancer; Melanoma; Hodgkin’s Lymphoma; Head And Neck Cancer; Other Indications
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
4) By End User: Hospitals; Homecare; Specialty Clinics; Other End Users
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Who are the dominant players expanding their reach in the tecentriq (atezolizumab) market?
Major companies operating in the tecentriq (atezolizumab) market include Roche Holding AG, Chugai Pharmaceutical Co. Ltd
How are evolving market trends shaping tecentriq (atezolizumab) Strategies?
The predominant tendency in the tecentriq (atezolizumab) market lies in the cultivation of novel products, most notably intravenous formulations of atezolizumab, with the goal of ensuring exact dosage, swift systemic absorption, and steady therapeutic concentrations. The intravenous version of atezolizumab is a liquid solution introduced directly to the bloodstream via infusion, facilitating an efficient delivery of the monoclonal antibody for widespread cancer treatment. For example, in September 2024, U.S. based biotech firm Genetech Inc., earned approval from the U.S. Food and Drug Administration for the administration of atezolizumab and hyaluronidase-tqjs via subcutaneous injection. Tecentriq, the first subcutaneous anti-PD-L1 medication to ever be approved in the U.S., presents a distinct advantage in its much quicker administration time of around 7 minutes, as compared to the usual 30-60 minutes required for intravenous infusion. Meanwhile, it retains comparable effectiveness in terms of drug exposure and overall response rates, as evident in the IMscin001 trial. It’s designated for the treatment of various adult cancers, including NSCLC, SCLC, melanoma, hepatocellular carcinoma, and alveolar soft part sarcoma.
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Which regions are emerging as leaders in the tecentriq (atezolizumab) market?
North America was the largest region in the tecentriq (atezolizumab) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tecentriq (atezolizumab) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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