PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Global Market Report 2024, The pd-1 and pdl1 inhibitors/ immune checkpoint inhibitors market size has grown rapidly in recent years. It will grow from $39.8 billion in 2023 to $46.29 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to immunotherapy advancements, increased clinical success and approvals, increased cancer incidence, shift in cancer treatment paradigm, collaborations and research investments ..

The pd-1 and pdl1 inhibitors/ immune checkpoint inhibitors market size is expected to see rapid growth in the next few years. It will grow to $80.1 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to expanding indications, biomarker research and personalized medicine, clinical trials and research collaborations, global healthcare infrastructure development.. Major trends in the forecast period include focus on patient access and affordability, global clinical trial collaborations, immunotherapy combinations, patient-centric approaches, regulatory updates and approvals..

The rising prevalence of cancer cases is expected to propel the growth of the PD-1 and PDL1 Inhibitors/ Immune checkpoint inhibitors market going forward. Cancer is a condition when some cells develop uncontrollably and spread to other body parts. PD-1 and PD-L1 inhibitors help to treat cancer by harnessing the body’s immune system to fight cancer cells. Hence, the rising cancer cases contribute to the growth of the PD-1 and PDL1 Inhibitors/ Immune checkpoint inhibitors market. For instance, in October 2023, according to the European Union Science Hub, a Belgium-based joint research centre of the European Commission, in the two years before to 2022, the number of new cancer cases rose by 2.3%, reaching 2.74 million. Likewise, during the previous two years, there was a 2.4% rise in cancer-related deaths. Therefore, the rise in the prevalence of cancer cases will fuel the growth of the PD-1 and PDL1 Inhibitors/ Immune checkpoint inhibitors market.

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The pd-1 and pdl1 inhibitors/ immune checkpoint inhibitors market covered in this report is segmented –

1) By Product: Nivolumab, Pembrolizumab, Atezolizumab, Avelumab, Durvalumab

2) By Distribution Channel: Hospital pharmacies, Retail pharmacies, Online pharmacies

3) By Application: Lung Cancer, Bladder Cancer, Melanoma, Hodgkin Lymphoma, Colorectal Cancer, Other Applications

4) By End-Users : Hospitals, Specialty Clinics, Academic and Research Institutions

Product innovation has emerged as a key trend gaining popularity in the PD-1 and PDL1 Inhibitors/ immune checkpoint inhibitors market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, In March 2022, Bristol-Myers Squibb, a US-based pharmaceutical company, received FDA approval for Opdualag, which is a fixed-dose combination of nivolumab (Opdivo) and relatlimab, which is a LAG-3 inhibitor. Opdualag is the first LAG-3 inhibitor to receive approval from the US Food and Drug Administration (FDA) to treat patients with metastatic melanoma. The combination of nivolumab and relatlimab in Opdualag aims to enhance the immune response against cancer cells.

The pd-1 and pdl1 inhibitors/ immune checkpoint inhibitors market report table of contents includes:

Executive Summary
PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Characteristics
PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Trends And Strategies
PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market – Macro Economic Scenario
Global PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Size and Growth

Global PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Competitive Benchmarking
Global PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Competitive Dashboard
Key Mergers And Acquisitions In The PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market
PD-1 and PDL1 Inhibitors/ Immune Checkpoint Inhibitors Market Future Outlook and Potential Analysis
Appendix

Top Major Players: