Overview and Scope
Melanoma therapeutics refers to a treatment procedure used for the treatment of melanoma, a type of skin cancer that develops in the melanocytes. They work by targeting abnormal cells either by killing them directly or by preventing them from growing and multiplying.
Sizing and Forecast
The melanoma therapeutics market size has grown rapidly in recent years. It will grow from $3.67 billion in 2023 to $4.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to shift in treatment guidelines, increased awareness and early detection, regulatory approvals and clinical trials, evolution of combination therapies, advancements in surgical techniques.
The melanoma therapeutics market size is expected to see rapid growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to emerging treatment modalities, biomarker identification, regulatory support for innovation, advancements in personalized medicine, immunotherapy enhancements. Major trends in the forecast period include evolving treatment guidelines, telemedicine in oncology, patient advocacy and awareness, biomarker research, combination therapies.
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Segmentation & Regional Insights
The melanoma therapeutics market covered in this report is segmented –
1) By Drug Type: Monoclonal Antibodies, Small Molecule Inhibitors, Other Drug Types
2) By Therapy: Surgery, Radiation Therapy, Immunotherapy, Targeted Therapy, Chemotherapy
3) By Route of administration: Oral, Injectable
4) By Cancer Type: Superficial Spreading Melanoma, Nodular Melanoma, Lentigno Maligna Melanoma, Acral Lentiginous Melanoma, Amelanotic Melanoma, Other Cancer Types
5) By Diagnosis: Dermatoscopy, Entinel Lymph Node Biopsy, Blood Test, X-ray, Ultrasound, CT Scan
Top 5 major Players:
- L3Harris Technologies Inc.,
- Raytheon Technologies Corporation,
- Lockheed Martin Corporation,
- Leonardo S.p.A.,
- Elbit Systems Ltd
North America was the largest region in the melanoma therapeutics market in 2023. The regions covered in the melanoma therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing incidence of melanoma is expected to propel the growth of the melanoma therapeutics market going forward. Melanoma refers to a skin cancer that originates from melanocytes. Melanoma therapeutics are the therapies and drugs used to treat melanoma patients to alleviate cancer. Thus, the increasing incidence of melanoma boosts the sales of melanoma therapeutics. For instance, in May 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, around 57,000 melanoma deaths and 325,000 new cases of the illness were expected to occur globally in 2020. Moreover, according to IARC (International Agency for Research on Cancer) scientists, cutaneous melanoma instances will rise by more than 50% to more than 500 000 cases annually, and melanoma-related deaths will increase by more than two-thirds to almost 100,000 cases annually between 2020 and 2040. Therefore, the increasing incidence of melanoma is driving the growth of the melanoma therapeutics drug market.
Key Industry Players
Major companies operating in the melanoma therapeutics market report are AstraZeneca plc, Bristol-Myers Squibb Co., Eli Lilly and Company, Merck & Co. Inc., Novartis AG, Hoffmann-La Roche AG, Sanofi S.A., AB Science S.A, Amgen Inc., Daiichi Sankyo Company Limited, F. Hoffman-La Roche Ltd., Pfizer Inc., GlaxoSmithKline PLC, Bayer AG, AbbVie Inc., Johnson & Johnson Private Limited, The Bristol-Myers Squibb Company, Nektar Therapeutics, Immutep Ltd., Partner Therapeutics lnc., Idera Pharmaceuticals Inc., Oncolys BioPharma Inc., Iovance Biotherapeutics lnc., AIM ImmunoTech Inc., Infinity Pharmaceuticals lnc., Spring Bank Pharmaceuticals lnc., Incyte Corporation, Sun Pharmaceutical Industries Ltd., Thermo Fisher Scientific Inc., Takeda Pharmaceutical Company Limited, Eisai Co.Ltd., Seattle Genetics Inc., Regeneron Pharmaceuticals Inc., Bio-Rad Laboratories Inc., Illumina Inc., Myriad Genetics Inc.
The melanoma therapeutics market report table of contents includes:
1. Executive Summary
2. Melanoma Therapeutics Market Characteristics
3. Melanoma Therapeutics Market Trends And Strategies
4. Melanoma Therapeutics Market – Macro Economic Scenario
5. Global Melanoma Therapeutics Market Size and Growth
…
31. Global Melanoma Therapeutics Market Competitive Benchmarking
32. Global Melanoma Therapeutics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Melanoma Therapeutics Market
34. Melanoma Therapeutics Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Melanoma Therapeutics Market, Segmentation By Drug Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Melanoma Therapeutics Market, Segmentation By Therapy:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Melanoma Therapeutics Market, Segmentation By Route of administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 76: AstraZeneca plc Financial Performance
Table 77: Bristol-Myers Squibb Co. Financial Performance
Table 78: Eli Lilly and Company Financial Performance
Table 79: Merck & Co. Inc. Financial Performance
Table 80: Novartis AG Financial Performance
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