PD-1/PD-L1 Inhibitors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
PD-1/PD-L1 Inhibitors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Report Digest
Global PD-1/PD-L1 Inhibitors market: Overview
PD-1 or Programmed cell death protein 1 inhibitors and PD-L1 or programmed cell death ligand 1 inhibitors refer to a set of brand new checkpoint inhibitor drugs, which hinders the activities pertaining to these two immune checkpoint proteins found on the cells’ surface. PD-1 and PD-L1 inhibitors are also found to be highly active in cases of pregnancy following tissue allografts. These inhibitors are surfacing as front-line treatment solutions in immunotherapy for different types of cancer and are being studied extensively for the same purpose. Growing significance of these two checkpoint inhibitors is likely to support the expansion of the global PD-1/PD-L1 inhibitors market.
The global PD-1/PD-L1 inhibitors market has been segmented based on application, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.
Global PD-1/PD-L1 Inhibitors market: Notable Developments
The global PD-1/PD-L1 inhibitors market has come across quite a few developments in the last some years. One such development of the market is mentioned below:
- In June 2019, Pembrolizumab (KEYTRUDA) of Merck & Co Inc. obtained fast approval from the US Food and Drug Administration for the purpose of treatment of patients suffering from metastatic small cell lung carcinoma with the progression of disease after or on platinum-based chemotherapy. This factor is estimated to expand the share of the company in the market over the period of analysis.
Some of the key market players of the global PD-1/PD-L1 inhibitors market are
- Hoffmann-La Roche AG
- AstraZeneca plc
- Regeneron Pharmaceuticals Inc
- Bristol‑Myers Squibb Company
- Merck & Co Inc
Global PD-1/PD-L1 Inhibitors Market: Growth Drivers
Rise in the Number of Cancer Cases to Shoot up its Demand
The global PD-1/PD-L1 inhibitors market is regarded as one of the rapidly growing field in the medical industry. These inhibitors make a promise of better survival rate of patients suffering from various forms of cancer, which is likely to propel growth of the global PD-1/PD-L1 inhibitors market in the years to come. These inhibitors come with low toxicity, thereby making it an ideal for use in treating cancer-stricken patients across the globe. The products that are found in the global PD-1/PD-L1 inhibitors market are increasingly becoming more effective in the treatment of cancer patients and are also meeting the safety standards as formulated by the regulatory bodies.
A rise in the number of different types of cancer across the globe is together with the expansion of the elderly populace is likely to influence the growth of the global PD-1/PD-L1 inhibitors market in the years to come.
However, there is a concern amongst the experts about its safety and they are of opinion that the molecules in early clinical studies indicate toward certain safety issues. Furthermore, high cost of development is likely to hinder the development of the global PD-1/PD-L1 inhibitors market in the years to come.
Global PD-1/PD-L1 Inhibitors Market: Regional Outlook
North America is likely to make significant contribution toward the growth of the global PD-1/PD-L1 inhibitors market over the tenure of assessment. The sale of approved therapeutics in the region is ascribed to the considerable growth of the PD-1/PD-L1 inhibitors market in North America.
A rise in the incidences of blood-related tumors is another reason for the development of the North America PD-1/PD-L1 inhibitors market in the near future. will contribute to the highest market share of this market throughout the forecast period. The market in the region is further predicted to be influenced by the rising number of patient assistance programs.
The global PD-1/PD-L1 Inhibitors market is segmented as:
Application
- Solid tumors
- Blood-related tumors
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- Industrial Analogy
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- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
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