Press release
Immune Checkpoint Inhibitors Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
Immune checkpoint inhibitors market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market growth include the growth in demand for suitable therapeutics for the treatment of cancer, favorable reimbursement policies provided by manufacturers & insurance providers in some countries, and a surge in prevalence of cancer across the globe. In addition, growth in the geriatric population and technological advancements in screening & diagnosis of cancer and rising demand for immunotherapy further drive the market growth. Checkpoint inhibitor is a type of drug used in immunotherapy, which helps block the proteins present in tumor cells as they affect the functioning of the immune system.Immune checkpoint inhibitor drugs block different checkpoint proteins including CTLA-4 (cytotoxic T lymphocyte-associated protein 4), PD-1 (programmed cell death protein 1), and PD-L1 (programmed death-ligand 1). Immune checkpoint inhibitor targets checkpoint proteins and assist the immune system to recognize and attack cancer cells. The overall impact of COVID-19 was regarded as negative on the global immune checkpoint inhibitor market, owing to a decline in the number of cancer patients' visits to hospitals and clinics, which leads to a decline in the demand for Immune checkpoint inhibitors products. For instance, according to NCBI in 2020 around 50% of patient decrease is reported for cancer care in the US, and overall cancer therapies are declined by 50% during COVID-19. Furthermore, the WHO issued guidelines regarding the nonessential planned therapies including cancer and procedures based on the requirement of critical situations. The guidelines suggest providing emergency services to patients who require urgent attention and postponing the therapies and surgery if not urgent, which leads to a decline in the demand for immune checkpoint inhibitors during the COVID-19.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Drug Class
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: AstraZeneca plc, Bristol-Myers Squibb Co., and Eli Lilly and Company, among others.
Immune Checkpoint Inhibitors Market Report by Segment
By Drug Class
Programmed Death Receptor-1 Inhibitors (PD-1)
Programmed Death-Ligand 1 Inhibitors (PD-L1)
CTL-4 Checkpoint Inhibitor
Indoleamine-2,3-dioxygenase (IDO) Inhibitors
Lymphocyte-Activation Gene 3 Inhibitors
By Application
Lung Cancer
Head and Neck Cancer
Blood Cancer
Bladder Cancer
Skin Cancer
Colorectal Cancer
Renal/Kidney Cancer
Breast Cancer
Others
A full Report of Immune Checkpoint Inhibitors Market is Available @ https://www.omrglobal.com/industry-reports/immune-checkpoint-inhibitors-market
Immune Checkpoint Inhibitors Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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