Uveal Melanoma Treatment Market Valued at US$ 1.59 Billion in 2024, Projected to Reach US$ 3.22 Billion by 2034 | Fact.MR Report

The market for uveal melanoma treatment globally is studied to attain a value of US$ 1.59 billion in 2024 and then further estimated to grow at 7.3% CAGR to reach a value of US$ 3.22 billion by the end of 2034.

Uveal melanoma is an uncommon cancer, though it is on the rise in the world, particularly in regions where exposure to UV radiation is greater. This is also creating a demand for more effective forms of treatment. Secondly, uveal melanoma is being diagnosed earlier because of the improvement in diagnostic equipment, including optical coherence tomography (OCT), ultrasound biomicroscopy, and better imaging modalities. The demand for aggressive therapeutic measures increases with early diagnosis, improving the outcomes of treatment.

Uveal melanoma patients today enjoy new hope with the introduction of novel treatments, such as immune checkpoint inhibitors and targeted biologics, especially when cancer is advanced. These new drugs are driving market growth and rising demand for therapeutic options.

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Key Takeaways from Market Study:

The uveal melanoma treatment market is valued at US$ 1.59 billion in 2024 and is projected to reach US$ 3.22 billion by 2034.
The global uveal melanoma treatment market is expected to grow at a CAGR of 7.3% from 2024 to 2034.
North America holds a 36.3% market share in 2024, reflecting its strong presence in the industry.
Western Europe's market value in 2024 is US$ 347.04 million, contributing significantly to global revenue.
South Asia & Pacific is set to grow at a 9.1% CAGR from 2024 to 2034, indicating strong market expansion.
The high-resolution ultrasound biomicroscopy segment is forecasted to reach US$ 1.2 billion by 2034, highlighting its importance in diagnosis.
The ciliary melanoma segment is projected to achieve US$ 1.62 billion by 2034, dominating treatment categories.

Leading Players Driving Innovation in the Uveal Melanoma Treatment Market:

Eli Lilly & Co.; Spectrum Pharmaceuticals Inc.; Novartis AG; Bayer; Astra Zeneca plc; Merck; Amgen; Pfizer Inc.; Roche; Bristol-Myers Squibb Company; Hoffmann-LA

Key Trends Impacting the Growth of the Uveal Melanoma Treatment Market:

The uveal melanoma treatment market across the world is primarily fueled by a rise in the number of cases of eye cancer. Among the significant causes of the rise is reported to be the growing usage of electronic devices. This is because of the harmful UV radiation that targets the eyes of people using smartphones, tablets, desktops, laptops, and other electronic devices. For example,

Adults aged 60 years and older spend 5 or more hours a day using digital devices and use laptops & desktops to browse the internet, according to the American Cancer Society. This in turn is likely to grow the market for uveal melanoma treatment.

Individuals with a compromised immune system are at risk of developing eye cancer. This is because, an increased risk of primary intraocular lymphoma, including those with acquired immunodeficiency syndrome (AIDS), those who take anti-rejection drugs after organ transplantation, or older individuals. In many cases, infection with a bacterium known as Chlamydophila psittaci raises the risk of uveal melanoma.

The bacteria are contracted from household animals such as cats and birds that have been infected. Apart from that, lung infection and conjunctival inflammation or conjunctivitis are created by these bacteria. Governments across the world are, however, making significant efforts to treat them better at a low cost. Therefore, this is in turn promoting the uveal melanoma treatment market growth.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global uveal melanoma treatment market, presenting historical data for 2020 to 2024 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of the diagnostic tests, therapy types, location types, eye exams, and regions. Diagnostic tests include high-resolution ultrasound biomicroscopy, fluorescein angiography, ultrasonography, ocular coherence tomography, and indocyanine green angiography, which help in the early detection and precise diagnosis of the disease.

The market is further categorized by therapy type, encompassing surgical resection techniques, transpupillary thermotherapy, radiation therapies, external beam proton therapy, and gamma knife stereotactic surgery, which are utilized based on the severity and location of melanoma. By location type, the market is classified into ciliary melanoma, iris melanoma, and choroid melanoma, representing different anatomical regions affected by the disease.

Various eye examination methods such as gonioscopy, ophthalmoscopy, and slit-lamp biomicroscopy play a crucial role in detecting and monitoring tumor progression. Geographically, the market spans North America, Western Europe, Eastern Europe, Latin America, East Asia, South Asia & Pacific, and the Middle East & Africa, highlighting the global demand for uveal melanoma treatment solutions.

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