Growth Accelerated by Increasing Adoption of PD-1 and PD-L1 Inhibitors in Cancer Treatment
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| PD-1 and PD-L1 Inhibitors market |
PD-1 and PD-L1 inhibitors are
monoclonal antibodies used for cancer immunotherapy. They block inhibitory
signals known as PD-1 and PD-L1, which helps T cells attack cancer cells. These
drugs restore the ability of the immune system to recognize and destroy tumor
cells. They are used for the treatment of various cancers like lung cancer,
renal cancer, head and neck cancer, lymphoma and melanoma.
The global PD-1 and PD-L1
Inhibitor Market is estimated to be valued at US$ 39.83 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Dynamics:
High growth owing to rising
incidences of cancer is the major driver propelling the growth of the PD-1 and
PD-L1 inhibitor market. Cancer is one of the leading causes of mortality
worldwide. According to the World Health Organization (WHO), cancer is
responsible for around 10 million deaths annually. Lung cancer remains the
leading cause of cancer deaths worldwide. Increasing pollution levels and
adoption of tobacco and smoking habits has led to a rise in the number of lung
cancer cases. Development of advanced immunotherapy drugs like PD-1 and PD-L1
inhibitors for cancer treatment has improved survival rates of cancer patients
significantly. However, the high costs associated with these biologic drugs and
long-term administration challenges hamper the market growth to some extent.
SWOT Analysis
Strength: PD-1 and PD-L1
inhibitor drugs have gained significant traction in cancer treatment in recent
years. Their mechanism of action helps boost the body's own immune response
against cancer cells. This has resulted in durable responses and improved
survival outcomes for several cancer types. Rising success rates and clinical
evidence for these drugs provide confidence to oncologists and patients.
Weakness: High development costs
and pricing of PD-1 and PD-L1 inhibitor drugs pose affordability challenges.
Additionally, not all cancer patients may respond similarly to these treatments
due to tumor characteristics and other factors. Adverse events are also common,
though usually manageable.
Opportunity: The clinical
potential spans several cancer types beyond those already approved. Ongoing
research aims to expand approval for earlier lines of therapy and new
combination regimens. Identifying biomarkers can help maximize response rates
through patient selection. Growing cancer burden in emerging markets open up
new revenue streams.
Threats: Expiry of key drug
patents in the forecast period may lead to cheaper biosimilars eating into
branded sales. Stringent regulatory pathways can also delay market entry of
newer agents. Increased emphasis on value-based care and government price
controls pose reimbursement challenges.
Key Takeaways
The Global
PD-1 and PD-L1 Inhibitor Market Size is expected to witness high growth
over the forecast period. The global PD-1 and PD-L1 Inhibitor Market is
estimated to be valued at US$ 39.83 Bn in 2023 and is expected to exhibit a
CAGR of 7.8% over the forecast period 2023 to 2030.
Regional analysis focused on Asia due to its high growth potential.
Asia Pacific region is expected to witness the highest CAGR during the forecast
period supported by expanding patient pool, increasing healthcare spending, and
availability of low-cost generics in future. Countries like China, Japan, and
South Korea have favorable reimbursement policies for innovative oncology drugs
compared to other Asian countries which is attracting major pharmaceutical
companies.
Key players operating in the PD-1 and PD-L1 Inhibitor market are
Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN,
Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and
Storino's Quality Products. Major players are focusing on strategic
collaborations and developing innovative combination therapies to strengthen
their market position.
https://www.newswirestats.com/pd-1-and-pd-l1-inhibitor-market-size-share-growth-outlook-2023/
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