Increasing Cancer Burden Propels Checkpoint Inhibitor Usage and Market Growth

In 2023, the global Checkpoint Inhibitor Refractory Cancer Market Size is anticipated to be worth US$ 38.69 billion. With consumers becoming more concerned about the expanded indications of existing immunotherapies, the global market for Checkpoint Inhibitor Refractory Cancer is expected to grow at a CAGR of 11.26% between 2023 and 2033, totaling approximately US$ 112.43 billion by 2033.

Immunotherapy treatment methods are evolving and are one of the most important methods for cancer treatment. Checkpoint inhibitors, such as PD-1/PD-L1, use a focused approach to reduce toxicity, resulting in greater efficacy. The checkpoint inhibitors industry is growing due to the effectiveness of the medicines.

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Furthermore, the rising prevalence of cancer is the primary reason for the increase in checkpoint inhibitor market revenue. Furthermore, technological advances and innovations will fuel market expansion during the study period.

Other factors such as an increase in the number of cases of various types of cancers where checkpoint inhibitors are used, an increase in R&D activity, as well as the expected commercial success of upcoming therapies that will address the issue of primary resistance, and a surge in the use of approved checkpoint inhibitor therapies in the 7MM are all expected to fuel the market's revenue share in the near future.

Furthermore, firms all over the world are hard at work creating novel medication therapy alternatives to treat a wide range of Checkpoint Inhibitor Refractory Cancers. BerGenBio, OncoSec Medical, Mirati Therapeutics, CatalYm, and Checkmate Pharmaceuticals are among the leading players participating in the development of innovative medicines for indications such as melanoma, non-small cell lung cancer (NSCLC), advanced-stage solid tumours, and others.

Furthermore, demand for pembrolizumab (KEYTRUDA) has increased globally, owing to its established efficacy in treating numerous FDA-approved indications such as head and neck squamous cell cancer (HNSCC), non-small cell lung cancer (NSCLC), and melanoma. As a result, market participants are investing more in the creation of these items, and this trend is expected to continue in the coming years, fueling market expansion.

Furthermore, the growing worldwide burden of cancer has increased the usage of checkpoint inhibitors, as these inhibitors have substantial immune and are employed as front-line therapy for various forms of cancer. As a result, as the incidence of cancer rises, so does the use of checkpoint inhibitors. This pattern is predicted to continue throughout the analysis period.

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Key Takeaways from the Market Study

• By 2022, the global checkpoint inhibitor refractory cancer market was estimated to be worth $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 $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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Know More About What the Checkpoint Inhibitor Refractory Cancer Market Report Covers

Future Market Insights offers an unbiased analysis of the global Checkpoint Inhibitor Refractory Cancer Market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033. To understand opportunities in the Checkpoint Inhibitor Refractory Cancer Market, the market is segmented on the basis of type, application, and end-user across four major regions.