Press release
Eye Melanoma Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Eye Melanoma Market
The eye melanoma market is projected to grow due to emerging eye cancer prevalence. Eye cancer is characterized by unregulated cell growth within the eye. The need for specialized treatments and interventions is increasing due to the detection and management of earlier cases. Market growth is further fueled by advances in treatment methods, increased awareness, and better detection techniques. As reported by the American Cancer Society in January 2023, the number of eye and orbital cancer cases rose to 3,490 in 2023, a 5.12% increase from 3,320 in 2021. Thus, the rise in eye cancer occurrence stimulates the growth of the eye melanoma industry. Eye Melanoma Market Driver: Aging Population Spurs The Eye Melanoma Market Expansion
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What is the projected compound annual growth rate (CAGR) of the eye melanoma market from 2025 to 2034, and what factors influence it?
In recent times, there has been robust growth in the size of the eye melanoma market. The industry is predicted to grow from a value of $9.1 billion in 2024 to approximately $9.89 billion in 2025, realizing a compound annual growth rate (CAGR) of 8.7%. This exceptional growth during the historic period can be ascribed to factors such as heightened awareness and early diagnosis, an aging demographic and increased sun exposure, a surge in the incidence of skin cancer, the evolution of specialized treatment methods, and patient advocacy and support initiatives.
The market size of eye melanoma is projected to experience a robust increase in the coming years, expanding to $13.77 billion by 2029 with a compound annual growth rate (CAGR) of 8.6%. This significant growth during the forecast period is related to ongoing public health efforts, advancements in genetic and molecular profiling, and worldwide trends of an aging population. Some key trends predicted during the forecast period are the incorporation of artificial intelligence (AI), the development of targeted treatments, emphasis on drug development for rare diseases, patient-focused drug approval procedures, progress in diagnostic imaging, improvements in treatment methods, and technological breakthroughs in imaging.
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What are the most significant trends transforming the eye melanoma market today?
Key players in the eye melanoma treatment market are striving to create ground-breaking and specialized therapies, like immunotherapies and targeted therapies, to improve the prognosis and quality of life for patients. These new therapeutic approaches have recently made their way into the realm of oncology. For example, Immunocore Ltd., a biopharmaceutical firm based in the UK that specializes in the research and development of biological medicines utilizing soluble T-cell receptor technology, received the green light from the U.S. Food and Drug Administration (FDA) in January 2022. This was for Kimmtrak (tebentafusp-tabn), a T-cell receptor therapeutic and the first treatment designed for people suffering from unresectable or metastatic uveal melanoma (mUM). Kimmtrak is an immunotherapy that hones in on a specific protein, gp100, found on the surface of uveal melanoma (UM) cells. It stimulates the patient's immune system to eliminate melanoma by invoking specialized immune cells via engineered T-cell receptors, offering a targeted approach to cancer therapy.
What are the major segments of the eye melanoma market and their role in driving growth?
The eye melanoma market covered in this report is segmented -
1) By Site: Uvea, Sclera, Retina
2) By Diagnosis: Imaging, Biopsy, Eye Exam
3) By Treatment: Surgery, Radiation Therapy, Targeted Therapy, Immunotherapy, Other Treatment
4) By End User: Hospitals And Clinics, Academic Institutes
Subsegments:
1) By Uvea: Choroid Melanoma, Ciliary Body Melanoma, Iris Melanoma
2) By Sclera: Scleral Melanoma
3) By Retina: Retinal Melanoma
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Which regions are key players in the growth of the eye melanoma market?
North America was the largest region in the eye melanoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye melanoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the eye melanoma market?
Major companies operating in the eye melanoma market report are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Sanofi S.A., GlaxoSmithKline PLC, Eli Lilly and Company, Amgen Inc., Koninklijke Philips N.V., Carl Zeiss AG, Genentech Inc., Elekta Instrument AB, Brainlab AG, Optos Plc, Castle Biosciences Inc., Heidelberg Engineering, Nektar Therapeutics, RaySearch Laboratories AB, Nidek Co. Ltd., IDEAYA Biosciences, Immunocore Limited, Topcon Healthcare, Oraya Therapeutics Inc., Delcath Systems Inc.
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What Is Covered In The Eye Melanoma Global Market Report?
• Market Size Forecast: Examine the eye melanoma market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the eye melanoma market for a structured understanding.
• Key Players Overview: Analyze major players in the eye melanoma market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the eye melanoma market.
• Segment Contributions: Evaluate how different segments drive overall growth in the eye melanoma market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the eye melanoma market.
• Industry Challenges: Identify potential risks and obstacles affecting the eye melanoma market.
• Competitive Landscape: Review strategic developments in the eye melanoma market, including expansions, agreements, and new product launches.
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