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Metastatic Melanoma Therapeutics Market Size, Share Analysis, Growth, Trends And Industry Forecast 2023-2032 | Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Novartis AG
Metastatic Melanoma Therapeutics Market Report
The Business Research Company's Metastatic Melanoma Therapeutics Global Market Report 2023 identifies the rising incidence of melanoma as the major driver for the metastatic melanoma therapeutics market's growth in the forecast period. Melanoma is a form of skin cancer that develops in the cells (melanocytes) that regulate the pigment in the skin. Melanomas can appear anywhere on the skin. Metastatic melanoma therapeutics include a variety of treatments used to block the mutant chemicals and halt the growth of melanoma cells without causing harm to healthy tissue.
The global metastatic melanoma therapeutics market size is expected to grow from $6.41 billion in 2022 to $7.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of metastatic melanoma therapeutics market is expected to reach $11.49 billion in 2027 at a CAGR of 12.1%.
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Major competitors in the metastatic melanoma therapeutics market are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Novartis AG.
A key trend in the metastatic melanoma therapeutics market includes product innovations. Companies operating in the metastatic melanoma therapeutics market are adopting recent technologies to sustain their position in the market. For instance, in January 2022, Immunocore, a UK-based biotechnology company, announced FDA (Foods and Drugs Association) approval of KIMMTRAK (tebentafusp-tebn) for treating unresectable or metastatic uveal melanoma. KIMMTRAK is the first and only FDA-approved T cell receptor (TCR) therapy. This is the first compound created using the ImmTAC technology platform by Immunocore, intended to reroute and activate T lymphocytes to identify and eliminate tumor cells. It showed a statistically and clinically significant overall survival (OS) advantage, with a hazard ratio of 0.51 and a median overall survival (OS) of almost 22 months.
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The metastatic melanoma therapeutics market is segmented -
•By Therapy: Chemotherapy, Immunotherapy, Targeted Therapy, Radiation Therapy, Surgery
•By Stages: Stage 0, Stage I, Stage II, Stage III, Stage IV
•By End User: Hospitals, Specialty Clinics, Home Healthcare, Other End-users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the metastatic melanoma therapeutics market.
The Business Research Company's "Global Metastatic Melanoma Therapeutics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Metastatic Melanoma Therapeutics Market Include:
1. Executive Summary
2. Metastatic Melanoma Therapeutics Market Characteristics
3. Metastatic Melanoma Therapeutics Market Trends And Strategies
4. Metastatic Melanoma Therapeutics Market - Macro Economic Scenario
5. Global Metastatic Melanoma Therapeutics Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Metastatic Melanoma Therapeutics Market Competitive Benchmarking
33. Global Metastatic Melanoma Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Metastatic Melanoma Therapeutics Market
35. Metastatic Melanoma Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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Key Players Analysis:
• Pfizer Inc.
• Bristol-Myers Squibb Company
• Abbott Laboratories
• Amgen, Inc.
• Merck & Co., Inc.
• Novartis AG
• F. Hoffmann-La Roche Ltd
• Sanofi S.A.
• Qiagen NV
• Sun Pharmaceutical Industries Ltd…
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