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Elevated Cancer Prevalence Fuels Expansion Of The Nivolumab Market Driver: Leading Transformation in the Nivolumab Market in 2025
Nivolumab Market
The nivolumab market is likely to see significant growth due to the increasing instances of cancer. Cancer, a category of diseases that can affect virtually any organ or tissue in the body, is triggered when rogue cells grow uncontrollably, disregarding their established boundaries and invading or spreading to other parts of the body. Nivolumab, a medication used to control and treat various types of cancer, limits the ability of cancer cells to weaken the immune system, allowing the immune system to target and destroy the harmful cells. For instance, figures released in July 2024 by the Australian Institute of Health and Welfare, a governmental agency in Australia, saw a rise in cancer diagnoses from 156,781 in 2021 to 160,570 in 2022, which signifies an increase of 3,789 cases in a single year. Thus, the upsurge of cancer cases is contributing to the growth of the nivolumab market. Nivolumab Market Driver: The Spike in Non-Small Cell Lung Cancer (NSCLC) Cases Is Fueling the Growth of the Nivolumab Market
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What growth opportunities are expected to drive the nivolumab market's CAGR through 2034?
There has been a swift expansion in the nivolumab market in the past few years. Its growth is projected to escalate from $1.69 billion in 2024 to $1.94 billion in 2025, marking a compound annual growth rate (CAGR) of 14.7%. The upswing during the historical period can be ascribed to progress in immunotherapy, surge in cancer cases, successful clinical trials, and regulatory sanctions.
The market size for nivolumab is anticipated to witness a speedy expansion in the coming years. It's projected to reach a size of $3.2 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.4%. The forecasted growth can be associated with the rise of personalized medicine, emerging indications, worldwide accessibility to cancer treatment, and advancements in combination therapies. Key trends during this forecast period comprise biomarker-guided treatment, neoantigen vaccines, improved immunotherapy protocols, and long-term observation studies.
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What are the emerging trends shaping the future of the nivolumab market?
Leading firms in the nivolumab industry are making strides in developing groundbreaking drugs, in an effort to better cater to their consumers and maintain their market dominance. The emergence of these new drugs can potentially enhance treatment results for patients with diverse conditions. For example, in May 2022, Bristol-Myers Squibb Co., a company based in the US primarily engaged in initiatives related to cancer, cardiovascular, immunology, and fibrotic treatments, made an announcement that the U.S. Food and Drug Administration (FDA) granted approval for two of their nivolumab-oriented treatments. These include Nivolumab mixed with fluoropyrimidine and platinum-integrated chemotherapy, along with Nivolumab plus Yervoy (ipilimumab), for the primary line of treatment for adult patients with advanced or metastatic esophageal squamous cell carcinoma (ESCC) that cannot be removed surgically, irrespective of their PD-L1 status.
Which growth-oriented segments of the nivolumab market are leading the industry's development?
The nivolumab market covered in this report is segmented -
1) By Type: Injection 4mL, Injection 10mL
2) By Route Of Administration: Intravenous, Other Routes Of Administration
3) By Application: Melanoma, Non-small Cell Lung Cancer (NSCLC), Malignant Pleural Mesothelioma, Classical Hodgkin Lymphoma (CHL), Squamous Cell Carcinoma Of The Head And Neck (SCCHN), Renal Cell Carcinoma (RCC), Other Applications
4) By End-User: Clinic, Hospital, Other End-Users
Subsegments:
1) By Injection 4mL: Single-Dose Vial, Multi-Dose Vial
2) By Injection 10mL: Single-Dose Vial, Multi-Dose Vial
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What regions are leading the charge in the nivolumab market?
North America was the largest region in the nivolumab market in 2024. The regions covered in nivolumab market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the nivolumab market?
Major companies operating in the nivolumab market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Chugai Pharmaceutical Co. Ltd., Daiichi Sankyo Company Limited, Eisai Co. Ltd., Ono Pharmaceutical Co. Ltd., Kyowa Kirin Co. Ltd., Nippon Kayaku Co. Ltd., Luye Pharma AG, Genentech Inc., Taiho Pharmaceutical Co. Ltd., SymBio Pharmaceuticals Ltd., Xbrane Biopharma AB, NeuClone Therapeutics Inc.
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What Is Covered In The Nivolumab Global Market Report?
•Market Size Forecast: Examine the nivolumab market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the nivolumab market for a structured understanding.
•Key Players Overview: Analyze major players in the nivolumab market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nivolumab market.
•Segment Contributions: Evaluate how different segments drive overall growth in the nivolumab market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nivolumab market.
•Industry Challenges: Identify potential risks and obstacles affecting the nivolumab market.
•Competitive Landscape: Review strategic developments in the nivolumab market, including expansions, agreements, and new product launches.
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