PD-1 And PD-L1 Inhibitor Market Witnesses High Growth Owing To...

PD-1 And PD-L1 Inhibitor Market Witnesses High Growth Owing To Increasing Adoption In Cancer Treatment

Posted 2024-01-17 12:56:29

PD-1 and PD-L1 inhibitors are drugs used for immunotherapy treatment of various types of cancer including lung cancer, melanoma, kidney cancer, bladder cancer and Hodgkin's lymphoma. They work by blocking proteins called PD-1 and PD-L1 that help tumors hide from the immune system.

The global PD-1 and PD-L1 Inhibitor Market is estimated to be valued at US$ 39.83 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The increasing adoption of PD-1 and PD-L1 inhibitors in cancer treatment is driving the growth of the market. According to the Cancer Research UK, cancer incidence is increasing globally with an estimated 19.3 million new cancer cases and 10 million cancer deaths in 2030. Immunotherapy has revolutionized cancer treatment with PD-1 and PD-L1 inhibitors demonstrating promising results. Keypharma is developing SX-682, a PD-1 inhibitor for hematological malignancies and solid tumors which is currently in phase 1/2 clinical trials. Similarly, Genor Biopharma is developing GB226, a PD-L1 inhibitor for advanced solid tumors which has received orphan drug designation from FDA and is in phase 1 clinical trials. Such ongoing clinical trials and new drug approvals are expected to fuel the PD-1 and PD-L1 inhibitor market growth over the forecast period.

SWOT Analysis
Strength: PD-1 and PD-L1 inhibitors have shown promising results in clinical trials, with durable responses observed in many cancer patients. They offer an alternative treatment option with fewer side effects compared to chemotherapy. The market is driven by the increasing adoption of immune checkpoint inhibitors in different cancer types.
Weakness: High treatment costs associated with PD-1 and PD-L1 inhibitors pose affordability challenges. Severe immune-related adverse events have been reported with their use, restricting their application in certain patients. Limited long-term efficacy data is available for newer approvals.
Opportunity: Combination therapies involving PD-1/PD-L1 inhibitors and other emerging treatment classes offer scope to enhance clinical outcomes. Their potential in less common cancer indications is being explored. Emerging biosimilars may help reduce costs and facilitate greater access over time.
Threats: Patent expiries of key drugs will intensify market competition. Stringent regulations can delay new product approvals. Dependence on a few major pharmaceutical companies makes the market vulnerable to supply-chain disruptions.

Key Takeaways
The global PD-1 And PD-L1 Inhibitor Market Demand is expected to witness high growth over the forecast period driven by rising cancer burden worldwide and growing awareness about immune checkpoint inhibitors. The global PD-1 and PD-L1 Inhibitor Market is estimated to be valued at US$ 39.83 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030.

Regional analysis related content comprises
The Asia Pacific region holds significant growth potential for PD-1 and PD-L1 inhibitors market. Factors such as rapidly growing economies, huge patient population, and increasing healthcare spending are substantiating the market growth. Government initiatives to strengthen healthcare systems and make innovative oncology drugs accessible will further aid the regional expansion. However, lack of competence and awareness may restrain the market to an extent.

Key players related content comprises
Key players operating in the PD-1 and PD-L1 Inhibitor market are Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and Storino's Quality Products. Merck & Co., Bristol-Myers Squibb, and Roche are the leading pharmaceutical companies with monopolies over major drugs. The landscape also involves smaller players focused on biosimilars and combination therapies.

Explore more related article on this topic: https://www.ukwebwire.com/pd-1-and-pd-l1-inhibitor-market-set-to-propelled-by-growing-cancer-prevalence/