Hospital Pharmacies segment constitutes the bulk of 48.3% in the Checkpoint Inhibitor Refractory Cancer Market in 2023, FMI Report

The global Checkpoint Inhibitor Refractory Cancer market size is expected to be valued at US$ 38.69 Billion in 2023. With the increasing health concern among people for extended indications of existing immunotherapies, the overall demand for Checkpoint Inhibitor Refractory Cancer is projected to grow at a CAGR of 11.26% between 2023 and 2033, totaling around US$ 112.43 Billion by 2033.

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The immunotherapy treatment methods are evolving and are one of the major methods for the treatment of cancer. The checkpoint inhibitors such as PD-1/PD-L1 have a targeted approach, and they decrease toxicity, hence resulting in increased efficacy. The checkpoint inhibitors market is achieving advancements, attributed to the efficiency of the treatments.

Moreover, the high prevalence of cancer is the major factor that is responsible for the rise in the market revenue of checkpoint inhibitors. Also, the technological advancements and innovations will also accelerate the market growth over the analysis period.

Other factors including the rise in the cases of a different type of cancers where checkpoint inhibitors are in use, an increase in R&D activity, as well as expected commercial success of upcoming therapies which are going to resolve the issue of primary resistance, and a surge in the usage of approved checkpoint inhibitor therapies in the 7MM are all projected to fuel the revenue share of the market in the near future.

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Moreover, the companies across the world are thoroughly working toward developing new drug therapy options, in order to treat a wide array of Checkpoint Inhibitor Refractory Cancers. Some of the key players, including BerGenBio, OncoSec Medical, Mirati Therapeutics, CatalYm, Checkmate Pharmaceuticals, among others, are involved in developing novel therapies for indications such as Melanoma, non-small cell lung cancer (NSCLC), advanced-stage, solid tumors, and others.

In addition, there has been an increase in demand for pembrolizumab (KEYTRUDA) worldwide, attributed to its proven efficiency to treat many FDA-Approved indications such as head and neck squamous cell cancer (HNSCC), non-small cell lung cancer (NSCLC), and melanoma. Hence, the market players are investing more for the development of these products, and this trend is anticipated to continue in the coming years, thus, fostering the market growth.

Further, the factors such as the growing burden of cancer on the global level has been increasing the use of checkpoint inhibitors, as these inhibitors are significant immune are used as front-line treatments for several types of cancer. Hence, with the increase in incidence of cancer, the use of checkpoint inhibitors is also increasing. This trend is expected to continue over the analysis period.

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Key Takeaways from the Market Study

Global Checkpoint Inhibitor Refractory Cancer Market was valued at US$ 781.0 Bn by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 5%
By Application, the Non-Small Cell Lung segment of the market constitutes the bulk of the market with a market share of 37%
By End-User, the Hospital Pharmacies segment dominates the market with a share of 3%
From 2023 to 2033, Checkpoint Inhibitor Refractory Cancer sales are expected to flourish at a CAGR of 26%.
By 2033, the market value of Checkpoint Inhibitor Refractory Cancer is expected to reach US$ 43 Bn.

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. 

Know More About What the Checkpoint Inhibitor Refractory Cancer Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Checkpoint Inhibitor Refractory Cancer Market, providing historical data for 2018-2022 and forecast statistics from 2023-2033. 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.

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About Healthcare at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Covered in the Checkpoint Inhibitor Refractory Cancer Industry Analysis

Checkpoint Inhibitor Refractory Cancer Market by Type:

PD-1 Inhibitors
PD-L1 Inhibitors

Checkpoint Inhibitor Refractory Cancer Market by Application:

Hodgkin Lymphoma
Kidney Cancer
Melanoma
Non-Small Cell Lung Cancer
Others

Checkpoint Inhibitor Refractory Cancer Market by End-User:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

Checkpoint Inhibitor Refractory Cancer Market by Region:

North America
Europe
Asia Pacific
Rest of the World

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.