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Keytruda Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
Keytruda Market Overview
As per the report, the keytruda market size has grown strongly in recent years. It will grow from $19.71 billion in 2023 to $21.60 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The keytruda market size is expected to see strong growth in the next few years. It will grow to $31.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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The Rising Prevalence Of Cancer Driving Growth In The Keytruda Market
The increasing prevalence of cancer is expected to propel the growth of the keytruda market going forward. Cancer is a complex group of diseases characterized by the abnormal growth and spread of cells. The prevalence of cancer is due to genetic factors, lifestyle factors, environmental factors, and hormonal factors. Keytruda (pembrolizumab) helps in cancer treatment primarily by harnessing the body's immune system to fight cancer cells more effectively. It represents a significant advancement in cancer treatment by harnessing the power of the immune system to target and attack cancer cells, providing new hope for many patients with advanced or metastatic cancers. For instance, in May 2021, according to the National Library of Medicine, a US-based medicine library, the global cancer burden is expected to be 28.4 million cases in 2040, a 47% rise from 2020. Therefore, the increasing prevalence of cancer drives the keytruda market.
Advancing Treatment Options With Pembrolizumab In Gastric Cancer
Major companies operating in keytruda market are developing innovative products such as pembrolizumab to expand treatment options. Pembrolizumab is a monoclonal antibody medication that belongs to a class of drugs known as immune checkpoint inhibitors. It is marketed under the brand name Keytruda. Pembrolizumab targets and blocks a protein called PD-1 (programmed cell death protein 1) on immune cells known as T cells. For instance, in November 2023, Merck, a US-based company that manufactures keytruda launched KEYTRUDA (pembrolizumab) in combination with fluoropyrimidine- and platinum-containing chemotherapy approved by the Food and Drug Administration, a US-based government agency. The combination has shown significant improvements in overall survival and progression-free survival compared to chemotherapy alone, making it a promising advancement in the treatment of gastric cancer. In clinical trials, this combination therapy has demonstrated enhancements in overall survival (OS), progression-free survival (PFS), and overall response rate (ORR) compared to chemotherapy used as a standalone treatment.
The keytruda market covered in this report is segmented -
1) By Cancer Type: Melanoma, Lung Cancer, Head And Neck Cancer, Hodgkin Lymphoma, Stomach Cancer, Urothelial Carcinoma
2) By Payer Type: Commercial, Medicare, Medicaid
3) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies
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Major companies operating in the keytruda market are Pfizer Inc., Johnson & Johnson Services Inc., Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A., Novartis AG, AstraZeneca PLC, Bristol-Myers Squibb Company, Eli Lilly and Company, Amgen Inc., Gilead Sciences Inc., Teva Pharmaceutical Industries Ltd., Biogen Inc., Chugai Pharmaceutical Co. Ltd., BioNTech AG, Organon Co., Ono Pharmaceutical Co. Ltd., Samsung Bioepis Co. Ltd., Fate Therapeutics Inc., Merck Sharp & Dohme Corp., KinBio, Schering-Plough AB, LGM Pharma LLC, Gritstone Bio Inc.
Contents of the report:
1. Executive Summary
2. Keytruda Market Report Structure
3. Keytruda Market Trends And Strategies
4. Keytruda Market - Macro Economic Scenario
5. Keytruda Market Size And Growth
…..
27. Keytruda Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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