Checkpoint Inhibitors Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest checkpoint inhibitors market share, and Middle East was the fastest-growing region in 2022.
The global checkpoint inhibitors market is expected to grow from $23.93 billion in 2022 to $27.83 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The checkpoint inhibitors market is expected to grow from $49.12 billion in 2027 at a CAGR of 15.3%.
Major Driver In The Checkpoint Inhibitors Market – Rise In The Number Of Cancer Cases Across The Globe
According to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the United States in January 2022, or around 1,670 deaths each day. Lung, prostate, bowel, and female breast cancer are the four most frequent kinds of cancer worldwide, accounting for 43 percent of all new cancer cases. Checkpoint inhibitors, which target checkpoints, are particularly effective cancer medicines. As a result, the global increase in cancer incidence rates is expected to drive demand for checkpoint inhibitors.
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Key Checkpoint Inhibitors Market Segments
1) By Drug: PD-1 Inhibitors, PD-L1 Inhibitors, CTLA-4, Chimeric Antigen Receptor T-Cells, Other Drugs
2) By Application: Lung Cancer, Renal Cancer, Blood Cancer, Bladder Cancer, Melanoma, Other Applications
3) By End-Users: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
Recent Checkpoint Inhibitors Market Trend – Forming Partnerships Or Collaborations
Major players in the checkpoint inhibitor market are forging alliances or collaborations to create cutting-edge technologies like as bifunctional fusion proteins and Y-traps. The majority of cancer patients do not respond to immune checkpoint inhibitors. A group of researchers created the bifunctional fusion protein, or Y-trap, to improve the efficacy of immunotherapies. This medication is made by combining a TGF-beta receptor with a checkpoint protein such as PD-L1 or CTLA-4. Y-Trap targets both a checkpoint inhibitor and TGF-beta, providing a more effective strategy to suppress the immune system and eliminate cancer cells. Merck, a well-known scientific and technology business, and GSK, a research-based global healthcare company, have announced a global strategic agreement to develop and market M7824 (bintrafusp alfa). M7824 is a bi-functional fusion protein immunotherapy that is now being studied in clinical studies, including potential registration trials, for a variety of difficult-to-treat malignancies. This involves a Phase II research comparing M7824 to pembrolizumab as a first-line treatment in patients with advanced non-small cell lung cancer (NSCLC) expressing PD-L1. In another case, Targovax, a biotechnology company based in Norway that develops immune activators for the treatment of solid tumours, entered into a collaboration with Leidos’ Explorations in Global Health (ExGloH) division in June 2020 to assess the feasibility of using ONCOS, Targovax’s clinical programme of oncolytic adenoviruses, as a vector to encode MicrotideTM checkpoint inhibitor peptides.
Checkpoint Inhibitors Market Prominent Players
Major players in the checkpoint inhibitors market are AstraZeneca PLC., Bristol-Myers Squibb Company, Merck & Co., Inc., Roche Holding AG, Pfizer, Incyte Corporation, Novartis AG, and NewLink Genetics Corporation.
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The Checkpoint Inhibitors Global Market Report 2023 provides a comprehensive overview on the checkpoint inhibitors market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the checkpoint inhibitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Checkpoint inhibitors are immunotherapeutic strategies that prohibit immunological checkpoint proteins from interacting with other proteins. Because the “off” signal is not sent, the T cells are able to attack cancer cells. One such medicine targets the CTLA-4 checkpoint protein.
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