Immune Checkpoint Inhibitors Market Expected to Experience Attractive Growth through 2026
The Immune Checkpoint Inhibitors Market is segmented by Inhibitor Type (CTLA-4 Inhibitors, PD-1 Inhibitors, Others), Application (Hodgkin Lymphoma, Kidney Cancers, Melanoma, Non-small Cell Lung Cancer, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Some of the key market highlights of the ICI market include:
Increasing prevalence of cancer: The incidence of cancer is increasing globally, which is driving the demand for more effective cancer treatments like ICIs.
FDA approvals: The FDA has approved several ICIs for the treatment of various cancers, including melanoma, lung cancer, and bladder cancer. This has increased the adoption of ICIs among healthcare providers and patients.
Growing pipeline of ICIs: There are several ICIs in the pipeline that are expected to be approved in the coming years, which will further drive market growth.
Strategic collaborations and partnerships: Many pharmaceutical companies are forming strategic collaborations and partnerships to develop and commercialize ICIs, which is expected to increase the availability of ICIs in the market.
High cost: ICIs are expensive, which can limit their adoption among patients and healthcare providers, particularly in developing countries.
Regional Trends
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the strong presence of well-developed healthcare infrastructure and favorable government initiatives. Moreover, rising innovations in technologically advanced products, immense per capita health expenditures; and increasing prevalence of various chronic diseases such as skin cancer, diabetes, urothelial carcinomas, and lung cancers, which further proliferates the regional growth.
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