Checkpoint Inhibitors Market to 2021– To Grow in the Coming Years, New Research explores Factors Responsible | Market Data Forecast
Global Checkpoint Inhibitors Market was worth
USD 6.08 billion in 2016 and is expected to reach USD 21.25 billion by 2021
with a CAGR of 28.4 %.
Checkpoint Inhibitors are drugs used in
Immunotherapy. They are generally made up of antibodies that lead an immune
system attack on cancer cells. T-cells launches an attack when it detects
infected or Cancerous. Immune system uses a series of molecules called
checkpoint molecules to protect normal cells from attack. Cancer cells use
these Checkpoints to escape T-cells by arraying themselves with Normal Cells.
Checkpoint Inhibitors block these proteins on cancer cells which lets T-Cells
launch an attack on Cancer cells.
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Rising Prevalence of cancer globally, and
increasing funding and government support towards developing new drugs are some
of the factors driving the growth of the market. However, high expense involved
in R&D activities is one of the major factors restricting the growth of the
market.
Checkpoint Inhibitors Market is segmented
based on Drug type and Application. Based on Drug type, market is segmented
into PD-1 inhibitors, PD-L1 inhibitors, CTLA-4, Chimeric Antigen Receptor
T-cell, Others. Based on Application, market is segmented into Lung cancer,
Renal cancer, Blood cancer, Bladder Cancer, Hodgkin lymphoma, Melanoma, Others.
CTLA-4 Segment holds the highest share accounting for almost 94 % of the
overall market. However, this segment is expected to lose some of its market to
PD-1 inhibitors segment during the forecast period as majority of new
treatments is based on PD-1 inhibitors.
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Geographically, market is
further segmented into Asia-Pacific, Europe, Latin America, Middle east and
Africa and North America. North America dominates the global market owing the
relatively high clinical trials and funding available in this region.
Asia-Pacific is the fastest growing region because of collaborations of
international players with companies in this region.
Some of the key players in
the checkpoint inhibitors market are Merck & Co., Inc., Bristol-Myers
Squibb, Roche, AstraZeneca, Ono Pharmaceutical Co., Ltd., Juno Therapeutics,
Novartis International AG, and Kite Pharma.
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