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Immune Checkpoint Inhibitors Market Growth Probability, Key Vendors and Future Scenario Up To 2026 | Bristol-Myers Squibb Company, Merck & Co., Inc., F. Hoffmann-La Roche AG, AstraZeneca Plc.

12-21-2020 05:15 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Immune Checkpoint Inhibitors Market

Immune Checkpoint Inhibitors Market

Immune Checkpoint Inhibitors Market Report evaluated the historical and current performance of the market, especially highlighting the key trends and growth opportunities. Immune Checkpoint Inhibitors market report discussed this scenario of market size with reference to volume and share. Immune Checkpoint Inhibitors market report contains the expansion pattern by the corporate, applications, types, and regions from 2020 -2025. Immune Checkpoint Inhibitors market report also covers an in-depth analysis of the competitive landscape, future development trends, and key manufacturers of the industry. The recovery from COVID-19 is also being shared through this report discussed with the expertise in the industry.

Immune checkpoint inhibitor products come under biologic therapeutic products. Biologic manufacturers require similar kinds of approvals such as drugs from the U.S. Food & Drug Administration prior to bringing the product into the market. However, unlike drugs, biologics require Biologics License Applications (BLA) to be filed with the Center for Biologics Evaluation and Research (CBER). Initiatives undertaken by the governments include funding is expected to drive growth of the immune checkpoint inhibitors market. For instance, in 2017, the National Institutes of Health partnered with 11 leading biopharmaceutical companies such as AbbVie and Amgen, Inc. to accelerate the development of new immunotherapies.

Some of the major players operating in the immune checkpoint inhibitors market include Bristol-Myers Squibb Company, Merck & Co., Inc., F. Hoffmann-La Roche AG, AstraZeneca Plc., Novartis International AG, ImmunOs Therapeutics AG, Immutep Ltd., NewLink Genetics Corporation, Ono Pharmaceutical Co., Ltd., and Pfizer, Inc.

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Market Dynamics

The Global Immune checkpoint inhibitors market is driven by factors such as the increasing prevalence of cancer, active research and development by leading manufacturers through collaborations and individual research, and a robust pipeline of immune checkpoint inhibitor combination therapies. According to the World Health Organization (WHO), cancer is one of the major non-communicable diseases and the second-leading cause of death worldwide. According to International Agency for Research on Cancer (IARC) in 2012, there were around 14.1 million new cases, around 8.8 million deaths, and around 32.6 million of people suffering from cancer worldwide. There are many immune checkpoint inhibitors combination therapies in the pipeline. Immune checkpoint inhibitors has proven clinical profile and increasing approvals to include more indication for existing drugs such as Nivolumab, which in turn is expected to boost global immune checkpoint inhibitors market growth over the forecast period.

Introduction of novel immune checkpoint inhibitors with less side effects is driving global immune checkpoint inhibitors market growth

Cancer treatment has become more refined with improved treatment success rate due to improved therapeutic outcomes. This has been possible due to better understanding of the disease pathophysiology, functioning of the tumor cells, and effective ways to tackle with the same. Immune checkpoint inhibitors exhibit lesser side effects as compared to conventional cancer therapies such as chemotherapy, radiation therapy, and others. Manufactures are developing immune checkpoint inhibitors, which are tailored to attack or block particular targets. For instance, Iplimumab, a human monoclonal antibody, which blocks cytotoxic T-lymphocyte-associated antigen-4 is available. Furthermore, agents focusing on specific immune regulatory checkpoints programmed death-1 (PD-1) and programmed death ligand-1 and 2 (PD-L1) such as Nivolumab, Atezolimumab, and Pembrolizumab are being used for cell lung cancer. Moreover, in April 2017, the U.S. Food and Drug Administration (FDA) granted accelerated approval to immunotherapy product- TECENTRIQ (atezolizumab) for the treatment of patients with locally advanced or metastatic urothelial carcinoma (mUC), who are not eligible for cisplatin chemotherapy, which is currently in the clinical phase 4.

๐—Ÿ๐—œ๐— ๐—œ๐—ง๐—˜๐—— ๐—ง๐—œ๐— ๐—˜ ๐—ข๐—™๐—™๐—˜๐—ฅ - ๐—›๐˜‚๐—ฟ๐—ฟ๐˜† ๐—จ๐—ฝ!

๐—š๐—ฒ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—™๐—ผ๐—ฟ ๐—•๐˜‚๐˜†๐—ฒ๐—ฟ๐˜€ ๐—จ๐—ฃ๐—ง๐—ข ๐Ÿฎ๐Ÿฑ% ๐—ข๐—™๐—™ ๐—ข๐—ป ๐—”๐—ป๐˜† ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜

๐—”๐—ฝ๐—ฝ๐—น๐˜† ๐—ฃ๐—ฟ๐—ผ๐—บ๐—ผ ๐—–๐—ผ๐—ฑ๐—ฒ "๐—–๐—›๐—ฅ๐—œ๐—ฆ๐—ง๐— ๐—”๐—ฆ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌ" ๐—”๐—ป๐—ฑ ๐—š๐—ฒ๐˜ ๐—œ๐—ป๐˜€๐˜๐—ฎ๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—ข๐—ณ ๐—จ๐—ฆ๐—— ๐Ÿญ๐Ÿฌ๐Ÿฌ๐Ÿฌ

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The study objectives of Immune Checkpoint Inhibitors Market report are:

To analyze and forecast the market size of Kkk, in terms of value and volume.
To provide strategic profiling of key players within the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To classify and forecast Global Kkk based on the product, application, distribution, and regional distribution.
To provide past, present and forecast revenue of the market segments and sub-segments of four main geographies and their countries- North America, Europe, Asia, etc. and the rest of the world
To conduct the pricing analysis for Kkk.
To provide country-level analysis of the marketplace for segment by application, product type, and sub-segments.

Active research and development by leading players as well as small innovative organizations are expected to boost growth of the immune checkpoint inhibitors market

Immune checkpoint inhibitor is gaining significant traction as an efficient therapy for cancer treatment worldwide owing to less side effects, and targeted therapeutic effect. Therefore, various pharmaceuticals, biotech companies, universities, and cancer centers are focusing on investing in this segment. According to the Tufts Center for the Study of Drug Development (CSDD) report, 2016, currently, over 130 biotech and 20 pharma companies are developing immuno-oncology therapies, thereby fueling immune checkpoint inhibitors market growth in the forecast period. Also, according to the New York-based, Cancer Research Institute (CRI), 2017, currently 2,004 immuno-oncology agents including 940 in clinical stage and 1,064 in preclinical stage are under development. Leading players are actively investing in research and development in oncology treatment through various collaborations and individual research studies, owing to benefits associated with immune-oncology therapies. Advent of innovative immune-oncology therapies such as immune checkpoint inhibitors, have supported growth of the market. For instance, in 2016, AbbVie and the University of Texas MD Anderson Cancer Center entered into a three-year agreement for focusing on immune systemโ€™s complete potential to fight against cancer.

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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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