Immune Checkpoint Inhibitors Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
Immune checkpoint inhibitors market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market growth include the growth in demand for suitable therapeutics for the treatment of cancer, favorable reimbursement policies provided by manufacturers & insurance providers in some countries, and a surge in prevalence of cancer across the globe. In addition, growth in the geriatric population and technological advancements in screening & diagnosis of cancer and rising demand for immunotherapy further drive the market growth. Checkpoint inhibitor is a type of drug used in immunotherapy, which helps block the proteins present in tumor cells as they affect the functioning of the immune system.
Immune checkpoint inhibitor drugs
block different checkpoint proteins including CTLA-4 (cytotoxic T
lymphocyte-associated protein 4), PD-1 (programmed cell death protein 1), and
PD-L1 (programmed death-ligand 1). Immune checkpoint inhibitor targets
checkpoint proteins and assist the immune system to recognize and attack cancer
cells. The overall impact of COVID-19 was regarded as negative on the global
immune checkpoint inhibitor market, owing to a decline in the number of cancer
patients’ visits to hospitals and clinics, which leads to a decline in the
demand for Immune checkpoint inhibitors products. For instance, according to
NCBI in 2020 around 50% of patient decrease is reported for cancer care in the
US, and overall cancer therapies are declined by 50% during COVID-19.
Furthermore, the WHO issued guidelines regarding the nonessential planned
therapies including cancer and procedures based on the requirement of critical
situations. The guidelines suggest providing emergency services to patients who
require urgent attention and postponing the therapies and surgery if not
urgent, which leads to a decline in the demand for immune checkpoint inhibitors
during the COVID-19.
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Inhibitors Market:
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Market Coverage
•
The market number available for – 2020-2029
•
Base year- 2021
•
Forecast period- 2023-2029
Segment Covered-
·
By Drug Class
·
By Application
Regions covered-
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North America
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Europe
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Asia-Pacific
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Rest of the World
Competitive Landscape: AstraZeneca plc, Bristol-Myers
Squibb Co., and Eli Lilly and Company, among others.
Immune Checkpoint Inhibitors Market Report by Segment
By Drug Class
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Programmed Death Receptor-1 Inhibitors (PD-1)
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Programmed Death-Ligand 1 Inhibitors (PD-L1)
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CTL-4 Checkpoint Inhibitor
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Indoleamine-2,3-dioxygenase (IDO) Inhibitors
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Lymphocyte-Activation Gene 3 Inhibitors
By Application
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Lung Cancer
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Head and Neck Cancer
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Blood Cancer
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Bladder Cancer
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Skin Cancer
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Colorectal Cancer
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Renal/Kidney Cancer
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Breast Cancer
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Others
A
full Report of Immune Checkpoint Inhibitors Market is Available @ https://www.omrglobal.com/industry-reports/immune-checkpoint-inhibitors-market
Immune Checkpoint Inhibitors Market Report by Region
North America
·
United States
·
Canada
Europe
·
UK
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Germany
·
Spain
·
France
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Italy
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Rest of Europe
Asia-Pacific
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India
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China
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Japan
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South Korea
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Rest of APAC
Rest of the World
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Latin America
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Middle East & Africa
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