Skin Cancer Drugs Market Analysis | New Drug Approvals, Pipeline Expansion & CAGR Outlook

Skin Cancer Drugs Market is estimated to reach high CAGR of 10.2% during the forecast period (2024-2031).

A strong pipeline of emerging skin cancer therapies is expected to boost market growth. Merck & Co. reported that its Phase 3 KEYNOTE-716 trial for pembrolizumab (Keytruda) achieved its primary goal of improving recurrence-free survival in patients with resected stage II melanoma. Following these results, the FDA accepted a supplemental Biologics License Application (sBLA) to use pembrolizumab for patients aged 12 and older with stage IIB or IIC melanoma after surgery, with a PDUFA decision pending.

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Latest M&A

Johnson & Johnson acquired Halda Therapeutics for $3 billion, gaining access to next-generation cancer cell death technologies targeting prostate and other cancers, indirectly benefiting skin cancer therapeutic pipelines.​

Sun Pharmaceutical acquired Checkpoint Therapeutics, strengthening its oncology and immunotherapy portfolio including PD-L1 inhibitors approved for advanced skin cancer.

Key Players:

Amgen Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd, Sanofi S.A., Merck & Co., Inc., Novartis AG, Sun Pharmaceutical Industries Ltd, Daiichi Sankyo Co., GlaxoSmithKline

Growth Forecast Projection:

The Global Skin Cancer Drugs Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Skin Cancer Drugs Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segmentation:

By Cancer Type Segment: (Melanoma, Non-melanoma, Basal cell carcinoma, Squamous cell carcinoma., Merkel cell cancer)

By Drug Class: (Chemotherapy, Immunotherapy, Targeted Therapy, Others)

By End-User Segment: (Hospital, Clinics, Cancer Research Institutes, Others)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Latest FDA Approvals

The FDA approved cemiplimab (Libtayo) for adjuvant treatment of adults with high-risk cutaneous squamous cell carcinoma (CSCC) to reduce recurrence risk after surgery and radiation.​

Datopotamab deruxtecan (Datroway) received accelerated approval for advanced epidermal growth factor receptor-mutated cutaneous squamous cell carcinoma post prior therapies, expanding treatment options.​

Pembrolizumab combined with enfortumab vedotin-ejfv was approved for muscle-invasive bladder cancer, highlighting broadened immunotherapy options relevant across skin and urothelial cancers

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Latest Clinical Trials

Multiple Phase 3 trials such as PRISM-MEL-301 explore immune-mobilizing monoclonal T-cell receptor antagonists (ImmTACs) like brenetafusp in advanced melanoma, showing improved progression-free survival.​

Adaptive Phase 3 trials evaluating indoximod plus pembrolizumab or nivolumab are ongoing in unresectable or metastatic melanoma patients.​

Emerging immunotherapy EO2463 has received FDA fast track designation for follicular lymphoma, with promising potential crossover relevance for skin cancers

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Drugs and Pipeline

Key drugs available include cemiplimab, pembrolizumab, nivolumab, talimogene laherparepvec (Imlygic), and tebentafusp, targeting melanoma, basal and squamous cell carcinoma, and Merkel cell carcinoma.​

Pipeline drugs focus on combination immunotherapies, bispecific antibodies, and checkpoint inhibitors tailored for resistant or advanced skin cancer cases.​

Procurement, Demand, Supply, and Reimbursement

The skin cancer drug market, valued at approximately USD 6.3 billion in 2025, faces moderate supply chain constraints due to global demand and import tariff impacts, influencing pricing and accessibility in certain regions.​

Reimbursement policies increasingly support adjuvant therapies and innovative immunotherapies, with several countries adopting fast-track and expanded coverage programs to improve patient access.​

Government and private procurement initiatives prioritize immunotherapy agents and biosimilars to enhance affordability and supply reliability.

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