Overview and Scope
Metastatic melanoma therapeutics refers to the various treatment options available for patients diagnosed with metastatic melanoma, which is a type of skin cancer that has spread to other parts of the body. Melanoma is a malignancy that affects certain melanocytes, which are pigmented cells in the body. Melanomas are created when one of these cells transforms into a tumor.
Sizing and Forecast
The metastatic melanoma therapeutics market size has grown rapidly in recent years. It will grow from $7.27 billion in 2023 to $8.23 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to pioneering immunotherapy approval, targeted therapy innovations, clinical trial successes, introduction of combination therapies, advancements in diagnostic technologies..
The metastatic melanoma therapeutics market size is expected to see rapid growth in the next few years. It will grow to $12.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to expanding patient pool, research and development initiatives, biomarker identification, accelerated regulatory approvals, market expansion into emerging economies.. Major trends in the forecast period include immunotherapy combinations, precision medicine advances, emerging targeted therapies, adjuvant therapies after surgery, development of bi-specific antibodies..
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Segmentation & Regional Insights
The metastatic melanoma therapeutics market covered in this report is segmented –
1) By Therapy: Chemotherapy, Immunotherapy, Targeted Therapy, Radiation Therapy, Surgery
2) By Stages: Stage 0, Stage I, Stage II, Stage III, Stage IV
3) By End User: Hospitals, Specialty Clinics, Home Healthcare, Other End-users
North America was the largest region in the metastatic melanoma therapeutics market in 2023. The regions covered in the metastatic 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 rising incidence of melanoma cases is expected to propel the growth of the metastatic melanoma therapeutics market going forward. Melanoma is a form of skin cancer that develops in the cells (melanocytes) that regulate the pigment in the skin. Melanomas can appear anywhere on the skin. Metastatic melanoma therapeutics include a variety of treatments used to block the mutant chemicals and halt the growth of melanoma cells without causing harm to healthy tissue. For instance, in January 2023, according to the American Cancer Society, a US-based voluntary health organization dedicated to eliminating cancer, there will be 58,120 new cases of melanomas diagnosed in males and 39,490 in women in the US in 2023, totaling roughly 97,610, and melanoma deaths are predicted to total around 7,990. Furthermore, in March 2022, according to the International Agency for Research on Cancer (IARC), a France-based intergovernmental agency, between 2020 and 2040, there will be a more than 50% increase in cutaneous melanoma cases. In 2020, 325,000 new melanoma cases were predicted to be discovered worldwide, with 57,000 people dying due to the disease. Therefore, the rising incidence of melanoma is driving the growth of the metastatic melanoma therapeutics market.
Key Industry Players
Major companies operating in the metastatic melanoma therapeutics market report are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Regeneron Pharmaceuticals Inc., Daiichi Sankyo Company Ltd., Eisai Co. Ltd., Incyte Corporation, Exelixis Inc., BeiGene Ltd, Immunocore Holdings plc, Genentech Inc., Iovance Biotherapeutics Inc., Nektar Therapeutics, Adaptimmune Therapeutics plc, AIVITA Biomedical Inc., Idera Pharmaceuticals Inc., Evaxion Biotech A/S, AB Science, AgonOX Inc., InxMed Co. Ltd., NewLink Genetics Corporation, Vical Inc.
The metastatic melanoma therapeutics market report table of contents includes:
1. Executive Summary
2. Metastatic Melanoma Therapeutics Market Characteristics
3. Metastatic Melanoma Therapeutics Market Trends And Strategies
4. Metastatic Melanoma Therapeutics Market – Macro Economic Scenario
5. Global Metastatic Melanoma Therapeutics Market Size and Growth
…
32. Global Metastatic Melanoma Therapeutics Market Competitive Benchmarking
33. Global Metastatic Melanoma Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Metastatic Melanoma Therapeutics Market
35. Metastatic Melanoma Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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