Some of the major companies in melanoma drugs market comprise Bristol-Myers Squibb, Amgen, Genentech Inc., Hoffmann-La Roche Ltd, Novartis International AG., Janssen Biotech, Inc., Sanofi, Pfizer, Teva Pharmaceuticals, and Takeda Pharmaceutical Company Limited among others. These players are claimed to bolster the global melanoma drugs market in the years to come.
According to analysts at Zion Market Research, the global melanoma drugs market was capitalized at almost USD 2.04 Billion in 2016 and is likely to create income of almost USD 4.71 Billion by 2022, developing at a CAGR of almost 15.0% from 2016 to 2022.
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Increasing Cases Of Target Disease All Over The World To Propel Global Melanoma Drugs Market
As per analysts at Zion Market Research, the global melanoma drugs market is majorly boosted by increasing cases of target disease all over the world. Some of the major boosting factors are combination treatment with better survival & lesser side effects and the development of novel agents. On the other hand, the high cost of clinical trials and combination therapies paired with possible side effects or adverse effects are the primary limitations that may hinder the development of the melanoma drugs market.
Nevertheless increasing aim on customized medicine paired along with huge spending in anti-melanoma drugs research all over the world are expected to reveal the new growth opportunities for melanoma drugs market in the years to come. For example, in December 2017, the FDA approved the anti-PD1 monoclonal antibody, named as nivolumab for the adjuvant therapy of people suffering from melanoma. Nivolumab was earlier granted approval for the treatment of people suffering from metastatic or unresectable melanoma. This approval has lent a helping hand to the development o the melanoma drugs market.
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Immunotherapy Segment To Rule The Melanoma Drugs Market Within The Forecast Period
The melanoma drugs market is divided based on various therapeutic sections comprising immunotherapy, chemotherapy, and targeted therapy. FDA-accepted immunotherapy agents such as nivolumab and pembrolizumab are under studies of major players. Thus immunotherapy section is likely to develop at the quickest rate in the melanoma drugs market in the near future.
North America Likely To Dominate The Melanoma Drugs Market In The Years To Come
Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regional sectors of global melanoma drugs market. North America is likely to remain the dominant region in the melanoma drugs n the years to come. Requirement for melanoma drugs was uppermost in North America particular in the U.S. Hence, Asia Pacific is likely to be the reasonable-developing area during the forecast period in melanoma drugs market. In addition to this, Latin America and the Middle East & Africa are also likely to exhibit moderate development in the years to come for melanoma drugs market.
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The global melanoma drugs market is segmented as follows:
- Targeted Therapy
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
This review is based on a report by Zion Market Research, titled “Melanoma Drugs Market by Therapy (Chemotherapy, Immunotherapy and Targeted Therapy) and Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”– Report at http://www.zionmarketresearch.com/report/melanoma-drugs-market
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