Cancer Immunotherapy Drugs Market Forecast, Share And Trends: 2017-2021market leads the overall cancer therapeutics market due to its higher efficiency and lower side effects as compared to other drug classes. The U.S. FDA has been prompt in approval of novel immunotherapy drugs for treatment of various cancers. Tecentriq (atezolizumab) and Keytruda (pembrolizumab) were approved in 2016 for non-small cell lung cancer (NSCLC). Tecentriq was also approved for treatment of bladder cancer in May 2016, while Keytruda was approved for treatment of metastatic head and neck cancer, and melanoma. Earlier in 2015, the regulatory agency approved Darzalex (daratumumab) for the treatment for multiple myeloma.
The global cancer immunotherapy drugs market has been segmented into: monoclonal antibodies, therapeutic vaccines, check point inhibitors, and cytokines. By disease areas the market is segmented into lung cancer, breast cancer, colorectal cancer, prostate cancer, and others. Currently majority of the cancer immunotherapy drugs market is concentrated in the North America and Europe region due to higher diagnosis rate, and financial capability to afford expensive cancer treatment. National Cancer Institute, U.S. estimates over 1.68 million new cancer cases diagnosed in the U.S. in 21016. In U.K. 0.35 million new cancer cases were recorded according to Cancer Research U.K. Globally more than 8 million patients die due to cancer. Due to lack to data, accurate prevalence of cancer unknown in Africa; however it is estimated that 1.2 million new cases would be registered by 2030. Cancers with highest prevalence include lung cancer, breast cancer, colorectal cancer, prostate cancer, stomach cancer, liver cancer and cervical cancer in same order. Large percentage of cancer patients reside in low and middle income countries, where diagnosis rate is too low; maximum cases being diagnosed in the late stages. Thus large percentage of global population will continue to need cancer treatment in the future.
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Increased government funding for cancer research and improved understanding of cancer biomarkers has helped in sourcing novel biologically actively molecules for treatment of various types of cancer. Technological advances in genetic sequencing and companion diagnostics has allowed targeted therapy with the immunotherapy drugs. These factors have provided necessary leverage for the overall market growth.
Erbitux (cetuximab), Herceptin (trastuzumab), Humira (adalimumab), Avastin (bevacizumab) are only a few of the blockbuster drugs expected to lose patent in the near future. Although mimicking biological drugs is a challenge in itself, various companies have been trying for regulatory approval for biosimilar drugs. Entry of biosimilar drugs is expected to make cancer immunotherapy drugs market open up in developing countries. Patent for trastuzumab expired in 2014 in the European Union (EU), while Remicade (infliximab) patent expired in 2014 in EU. New drug approval in the future is however expected to offset the overall market.
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Pipeline analysis of cancer immunotherapy drugs market is based on SA-BRC's in-house pharmaceutical drug analogue forecasting database. The database provides U.S. sales forecast of over 100 pharmaceutical brands approved for more than 50 disease indications. The proprietary database provides insights to annual drug sales in United States from year of approval till 2015, and forecast from 2016 to 2022.
NOTE: This report is currently under research and will be made available to clients on request.
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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