The Melanoma Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Melanoma Drugs Global Market Report 2024, The melanoma drugs market size has grown rapidly in recent years. It will grow from $8.27 billion in 2023 to $9.27 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to clinical research advances, increased incidence rates, changing treatment landscape, improved diagnosis techniques, regulatory approvals..
The melanoma drugs market size is expected to see rapid growth in the next few years. It will grow to $13.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to immunotherapy advancements, biomarker research, global aging population, market expansion in emerging economies, collaborative research initiatives.. Major trends in the forecast period include innovations in adjuvant therapies, expanded use of checkpoint inhibitors, patient stratification strategies, real-world evidence integration, global collaborations in clinical trials..
The increase in the incidence of melanoma in males is expected to propel the growth of the melanoma drug market over the coming years. Melanoma is a type of skin cancer developed in the cells (melanocytes) that regulate the pigment in the skin. Melanoma drugs are medications used to treat melanoma, and these drugs aim to target and inhibit the growth and spread of melanoma cells in the body. Hence the increasing incidence of melanoma will increase the demand for melanoma drugs market. For instance, in 2023, according to the report published by the American Cancer Society, Inc, a US-based nationwide voluntary health organization dedicated to eliminating cancer, new male individuals suffering from melanoma in the United States increased to 58,120 in 2023 from 57,180 in 2022. Therefore, an increase in incidences of melanoma in males is driving the growth of the melanoma drug market.
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The melanoma drugs market covered in this report is segmented –
1) By Therapy: Chemotherapy, Immunotherapy, Targeted Therapy
2) By Disease Type: Superficial Spreading Melanoma, Lentigo Maligna, Acral Lentiginous Melanoma, Nodular Melanoma
3) By Application: Hospitals, Outpatient Oncologist Clinics, Other Applications
Product innovation is a key trend gaining popularity in the melanoma drugs market. Major companies operating in the melanoma drugs markets are focused on developing innovative solutions to strengthen their position in the market. For instance, in March 2022, U.S. Food and Drug Administration (FDA), a US-based federal agency, approved Opdualag, a fixed-dose combination of the LAG-3-blocking antibody relatlimab and the programmed death receptor-1 blocking antibody nivolumab, developed by Bristol-Myers Squibb Company, a US-based pharmaceutical company for the treatment of melanoma in adult and pediatric patients. Relatilmab and nivolumab, two antibodies that block the programmed death receptor-1 and LAG-3, are combined as Opdualag at a fixed dose. Adult and adolescent patients 12 years of age and older who weigh at least 40 kg are advised to take 480 mg of nivolumab and 160 mg of relatlimab intravenously every four weeks until the onset of disease progression or unacceptable toxicity.
The melanoma drugs market report table of contents includes:
1. Executive Summary
2.Melanoma Drugs Market Characteristics
3.Melanoma Drugs Market Trends And Strategies
4. Melanoma Drugs market analysis
5. Melanoma Drugs Market Size And Growth
6.Melanoma Drugs Segmentation
7.Melanoma Drugs Regional And Country Analysis
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27.Melanoma Drugs Competitive Landscape And Company Profiles
28.Melanoma Drugs Key Mergers And Acquisitions
29.Melanoma Drugs Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Amgen Inc.
- Bristol-Myers Squibb Company
- F. Hoffmann-La Roche A
- GlaxoSmithKline PLC
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