2025 Melanoma Therapeutics Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Melanoma Therapeutics Market Size By 2025?
In recent years, we have seen speedy expansion in the size of the melanoma therapeutics market. The market, which is projected to increase from $4.05 billion in 2024 to $4.51 billion in 2025, is expected to experience an 11.4% compound annual growth rate (CAGR). Factors contributing to this remarkable growth in historic times can be ascribed to the change in treatment protocols, enhanced consciousness, early diagnosis, regulatory authorizations and clinical investigations, the emergence of combined therapies, and advancements in surgical methodologies.

How Big Is the Melanoma Therapeutics Market Size Expected to Grow by 2029?
In the upcoming years, the melanoma therapeutics market size is predicted to experience significant expansion. The market is projected to escalate to "$6.84 billion in 2029, with a compound annual growth rate (CAGR) of 10.9%. The surge in the upcoming period can be credited to the rise of novel treatment modalities, biomarker discovery, regulatory backing for innovation, advancements in individualized medicine, and improvements in immunotherapy. Key trends in the forecast period encompass changing treatment protocols, the inclusion of telemedicine in oncology, patient education and advocacy, biomarker investigation, and combination therapies.

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Which Key Market Drivers Powering Melanoma Therapeutics Market Expansion and Growth?
The escalation in melanoma cases is projected to fuel the expansion of the melanoma therapeutics market. Melanoma, a type of skin cancer originating from melanocytes, is treated using melanoma therapeutics - therapeutic drugs and therapies designed to alleviate this specific cancer. As such, the rise in melanoma diagnoses augments the demand and sales of melanoma therapeutics. For example, an Australia-based health and welfare statistics agency, the Australian Institute of Health and Welfare, revealed in a report from August 2024 that by 2034, the country is expected to see around 209,000 new cancer diagnoses, a considerable rise from the anticipated 169,000 cases in 2024, hinting at the effect of a burgeoning population and escalating cancer rates. Also, by 2024, approximately 3 out of every 10 deaths in the country are expected to be due to cancer. Consequently, the burgeon in melanoma cases essentially fuels the expansion of the melanoma therapeutics drug market.

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Which Fast-Growing Trends Are Poised to Disrupt the Melanoma Therapeutics Market?
Product innovation is central to the melanoma therapeutics market, with companies developing breakthrough therapies. In January 2022, UK-based Immunocore received FDA approval for KIMMTRAK (tebentafusp-tebn), the first therapy for metastatic uveal melanoma. The treatment demonstrated nearly 22 months of survival in clinical trials and uses Immunocore's ImmTAC platform to redirect and activate T cells against tumors.

What Are the Emerging Segments in the Melanoma Therapeutics Market?
The melanoma therapeutics market covered in this report is segmented -

1) By Drug Type: Monoclonal Antibodies, Small Molecule Inhibitors, Other Drug Types
2) By Therapy: Surgery, Radiation Therapy, Immunotherapy, Targeted Therapy, Chemotherapy
3) By Route of administration: Oral, Injectable
4) By Cancer Type: Superficial Spreading Melanoma, Nodular Melanoma, Lentigo Maligna Melanoma, Acral Lentiginous Melanoma, Amelanotic Melanoma, Other Cancer Types
5) By Diagnosis: Dermatoscopy, Sentinel Lymph Node Biopsy, Blood Test, X-ray, Ultrasound, CT Scan

Subsegments:
1) By Monoclonal Antibodies: Checkpoint Inhibitors, Targeted Monoclonal Antibodies, Conjugated Antibodies
2) By Small Molecule Inhibitors: BRAF Inhibitors, MEK Inhibitors, Other Kinase Inhibitors
3) By Other Drug Types: Chemotherapy Agents, Immunotherapy Agents, Adjuvant Therapies

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Who Are the Global Leaders in the Melanoma Therapeutics Market?
Major companies operating in the melanoma therapeutics market include AstraZeneca plc, Eli Lilly and Company, Merck & Co. Inc., Novartis AG, Sanofi S.A., AB Science S.A, Amgen Inc., Daiichi Sankyo Company Limited, F. Hoffman-La Roche Ltd., Pfizer Inc., Bayer AG, AbbVie Inc., Johnson & Johnson Private Limited, The Bristol-Myers Squibb Company, Nektar Therapeutics, Immutep Ltd., Partner Therapeutics lnc., Idera Pharmaceuticals Inc., Oncolys BioPharma Inc., Iovance Biotherapeutics lnc., AIM ImmunoTech Inc., Infinity Pharmaceuticals lnc., Spring Bank Pharmaceuticals lnc., Incyte Corporation, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Eisai Co.Ltd., Seattle Genetics Inc., Regeneron Pharmaceuticals Inc., Bio-Rad Laboratories Inc., Myriad Genetics Inc.

Which are the Top Profitable Regional Markets for the Melanoma Therapeutics Industry?
North America was the largest region in the melanoma therapeutics market in 2024. The regions covered in the melanoma therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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