Vision Research Report, Recently Announced New Report on “melanoma therapeutics market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “melanoma therapeutics market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The melanoma therapeutics research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The melanoma therapeutics market revenue share is set to grow at a yearly rate of 21.21% during 2021-2030, while its valuation is Projected to jump from $ 14.2 Bn in 2020 to $22.4 Bn in 2030.
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Report Highlights
chemotherapy captured around 7% of the therapy segment in terms of revenue. This can be attributed to its high adoption rate in the past few years due to the increasing incidence of cancer, especially skin cancers. Chemotherapy includes a broad range of therapeutics that involve proteins and other synthetically derived products.
Immunotherapy held the largest share of the therapy segment. This can be attributed to the effectiveness of drugs used in immunotherapy and an increase in their approvals. Strong emerging pipeline for melanoma treatment is expected to drive the immunotherapy segment over the forecast period.
Targeted therapy is anticipated to grow at a lucrative CAGR of about 18% owing to benefits such as limited adverse effects and higher efficiency of targeted therapy drugs. Advancements in genomics have led to the development of targeted cancer therapies for the treatment of patients who are incurable by intensive cytotoxic chemotherapy.
The radiation therapy segment is expected to exhibit steady growth over the forecast period owing to the increasing number of advanced melanoma cases and the use of radiation as an adjuvant therapy post-surgery. Radiation therapy is rarely used as a primary treatment. It is only administered to patients in stage 4, who cannot be treated with surgery.
The branded drugs segment held the largest revenue share in 2020 due to patent exclusivity. The presence of a large patient base and higher consumption of biologics are contributing toward its dominance. Moreover, the availability of fewer generics as well as increased adoption of branded drugs in the treatment of melanoma has boosted the growth of the branded drugs segment.
Branded drugs are expected to lose their market share over the forecast period due to the patent expiration of notable brands such as Yervoy and Imlygic. Imlygic is expected to lose its patent protection in 2021, which will result in reduced revenue for Amgen, Inc. Similarly, Yervoy is expected to lose its patent exclusivity in the U.S. in 2022 and in Europe in 2020.
Generics are anticipated to gain momentum over the forecast period for the treatment of melanoma. Generics are cost-effective, easy to develop, and receive approval in lesser time as compared to biologics, and this is expected to fuel the growth of this segment over the forecast period.
There is a strong emerging pipeline of melanoma drugs. Many of these drugs are under clinical trials. For instance, the products of companies such as Celgene Corporation; Eisai Co., Ltd.; Moleculin Biotech, LLC; and Prima BioMed Ltd. are under phase 2 of clinical trials. Similarly, there are several companies focused on developing new therapeutics. These factors are expected to fuel market growth.
North America held a dominant share of the market as of 2020 owing to the rising incidence of melanoma and other skin cancers in the region. According to the CDC, over 71,943 people were affected by melanoma in 2013. As per the American Cancer Society, this number is expected to go up to 87,100 cases in 2017. These statistics highlight the need for drugs that help in the management of melanoma over the coming years.
The U.S. government has developed favorable reimbursement policies for the treatment of these diseases in an attempt to fulfill unmet patient needs. This is expected to provide a healthy platform for growth to the North American market. Furthermore, owing to the patent expiration of biologics in the coming years, numerous new players are expected to enter the market in this region. The existing players are undertaking various strategic initiatives to improve their revenue share. For instance, in July 2016, Bristol-Myers Squibb Company acquired Cormorant Pharmaceuticals to broaden its immuno-oncology pipeline.
The Asia Pacific market is expected to grow at a lucrative rate owing to the constant rise in the incidence of skin cancer coupled with increased demand for cost-efficient therapeutics. Owing to the presence of a large number of clinical research organizations, several pharmaceutical firms are drawn to this region for the production of effective and cheaper drugs.
Furthermore, an increase in government initiatives for improving health care facilities in this region is another factor contributing to market growth. For instance, the Government of India approved the establishment of State Cancer Institutes and Tertiary Care Cancer Centers in the country in 2013, which is expected to boost the regional market to a certain extent.
Global melanoma therapeutics market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The melanoma therapeutics trade trends and promoting channels analysed. melanoma therapeutics Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
AstraZeneca; Amgen, Inc.; F. Hoffmann-La Roche Ltd.; Bristol-Myers Squibb Company; Novartis AG; Merck & Co., Inc.; Daiichi Sankyo Company, Limited; and AB Sciences.
Market Segmentation
Global Melanoma therapeutics Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Melanoma therapeutics market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
melanoma therapeutics Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world melanoma therapeutics Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Melanoma therapeutics Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Melanoma therapeutics Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Melanoma therapeutics Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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