Immune Checkpoint Inhibitors Market Predicted to Rise at a Lucrative CAGR throughout 2016 to 2024

The immune system of human body depends on multiple checkpoints or immunological breaks, which avoid over-activation of the healthy cells or immune system. Tumor or cancerous cells often take advantage of these checkpoints to escape detection and fight against immune system. To struggle against such cancer cells, the focus of the scientists and drug developers is gradually diverting towards immunotherapeutics, which makes use of the body’s own immune system or its components to fight cancer. The developers have attained successful results with targeted based therapeutics including conjugated and monoclonal antibodies, but there has been a surge of interest in other classes of immunotherapeutics to treat and manage cancer, including immune checkpoint inhibitors, whole cell based therapies and therapeutic cancer vaccines.

Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13052

On the basis of immune checkpoint inhibitors currently used for treating and management of cancer, the market can be differentiated in two segments which are as follows:

CLTA-4 Inhibitors
PD-1 and PD-L1 Inhibitors
CLTA-4 is aberrantly up-regulated and is present of the surface of T cells in certain cancer, dampening T-cell activation in response to the tumor cells while PD-1 inhibits T-cell function assisting tumor’s ability to invade the immune system. Inhibiting a checkpoint enhance the anti-tumor T-cell response, which results in destruction of cancerous cells. Many giant players worldwide are performing clinical trials with the help of these two immune checkpoint inhibitors and are expected to show positive results during the forecast period. For instance, Pfizer, Inc. in collaboration with the University of Pittsburgh is performing phase 2 clinical trials with Anti-CTLA4 monoclonal antibody to cure recurrent inoperable stage III or stage IV melanoma. Likewise, many other market players are performing clinical trials with CLTA-4 and PD-1 inhibitors and on the basis of previous results, is has been estimated that the molecules are expected to generate few efficient drugs for cancer treatment. In addition to these, many market players have developed some novel immune checkpoint inhibitors which include Elotuzumab, INCB024360, Indoximod, and Lirilumab.

Immune Checkpoint Inhibitors Market: Drivers and Trends

Rising prevalence of the cancer worldwide is the major factor which will boost the immune checkpoint inhibitors market during the forecast period. According to World Health Organization (WHO), cancer was the leading cause of morbidity and mortality in 2012. There were approximately 14 million new cases with 8.2 million cancer related deaths in 2012 worldwide. It has also been reported that the number of new cases will increase by about 70% in the next two decades. Increasing prevalence of the cancer and high rate of associated mortality is demanding for new and effective treatment methods, which will boost the demand for immune checkpoint inhibitors in future.

Moreover, the rising government support and funding towards development of new drugs for cancer treatment also encourages researchers in developing new and novel drugs. For instance, National Cancer Institute, U.S. Department of Human Health and Services, funded approximately USD 5.1 billion for development of cancer treatment drugs and research. The funding from government boosts the research activities and development of new and effective drugs, hence propelling the growth of the market. However, the high cost associated with research activities and sunk costs involved in R&D activities are restraining the immune checkpoint inhibitors market.

Request for Report ToC: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=13052

The major players which are involved in research and development activities of immune checkpoint inhibitors include Bristol-Myers Squibb Company, Astra Zeneca plc, Merck & Co., Pfizer, Inc., F. Hoffmann-La Roche AG, Incyte Corporation, NewLink Genetics Corporation, Seattle Genetics, Inc., Celldex Therapeutics, GlaxoSmithKline plc, and Innate Pharma S.A.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us
Transparency Market Research
90 State Street,
Suite 700
Albany NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
E-mail: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.