The PD1/PDL1 Inhibitors Market is likely to grow at an exponential 13.1% CAGR between 2020 and 2030
The global demand for PD1/PDL1 Inhibitors has been marginally impacted by the coronavirus pandemic in 2020, with disruptions and delays in supply chains owing to logistical and transport issues. According to a recent study by Future Market Insights (FMI), the long-term prospects of the industry is likely to remain very positive, with investments growing for cancer treatment research and emphasis on biologics in the pharma industry.
According to FMI analysts, PD1/PDL1 inhibitors are anticipated to play increasingly important roles in cancer treatment procedures, owing to lower toxicity levels in comparison to other treatment alternatives, and better compliance with safety standards being implemented by regulatory bodies in different countries.
The industry has witnessed exponential growth in the past few years on account of investments into research for biologics in the pharmaceutical sector and the potential application of immunity check point inhibitors, and promising results from clinical trials against conditions such as non-small cell lung cancer, melanoma, and head & neck squamous cell cancer among others.
Pembrolizumab and nivolumab inhibitors are being used increasingly in the healthcare sector owing to regulatory approval for treating a wider range of cancers in comparison to other PD1/PDL1 inhibitor variants. Applications towards treating non-small cell lung cancer will remain a major contributor to industry revenues.
However, high costs associated to cancer treatment in hospital settings, coupled with long durations and strict regulations associated with the approval process of PD1/PDL1 inhibitor products are major challenges to market participants.
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The report by FMI offers a detailed market overview, covering critical growth dynamics. Some of the top takeaways from the study include:
- The PD1/PDL1 inhibitors Market was valued at US$ 21.8 Bn in 2019, with growth diminishing slightly during the coronavirus crisis
- Pembrolizumab inhibitors remain in high demand owing to regulatory approval for applications for a wider range of cancer treatments
- Sales and distribution through hospital pharmacies will remain higher than retail and online pharmacy alternatives, owing to robust supply chains and larger inventories
- Sales in North America will remain critical to market growth through 2030. However, Asian countries are reflecting lucrative growth opportunities with a vast population base and investments in healthcare infrastructure modernization
“PD1/PDL1 inhibitors are a number of fairly new checkpoint inhibitor cancer treatment drugs which block select immune checkpoint proteins in cells that are at risk to tumours and are emerging as a front-line treatment in immunotherapy for several types of cancer, driven by healthcare research in North America and Europe,” said a lead analyst at FMI.
Covid-19 Impact on the PD1/PDL1 Inhibitors Market
The coronavirus pandemic is estimated to have a moderate impact on the PD1/PDL1 inhibitors market in the short term. Challenges are likely to arise in terms of supply chain disruptions in terms of raw materials and product delivery owing to logistical and transportation delays.
Further, governments and healthcare facilities around the world are redirecting essential resources towards handling the pandemic, which is limiting the scope of application for cancer treatments through PD1/PDL1 inhibitors.
The uncertainty over the duration and the severity of the pandemic is a key challenge that players in the PD1/PDL1 inhibitors market will have to contend with in the months to come. However, the higher risk of comorbidities for cancer patients also affected by the coronavirus is expected to partially alleviate challenges in the industry. Recovery of the sector is likely to be strong as cancer cases remain prevalent across the globe.
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Who is Winning?
In the report, FMI has scrutinized the different strategies businesses involved in the PD1/PDL1 inhibitors market have employed. Top players in the industry have largely invested in product development and research efforts including major clinical trials. Also, capacity expansions along with strategic partnerships and acquisitions have gained importance among the market players.
Some of the leading players in the PD1/PDL1 inhibitors market include Bristol-Myers Squibb, Merck & Co. Inc., F. Hoffmann-La Roche AG, Merck KGaA, Pfizer Inc., and AstraZeneca.
In its latest report, Future Market Insights, has provided a comprehensive analysis of the global PD1/PDL1 inhibitors market, comprising information on historic demand and forecast data for the years between 2020 and 2030. The market report also provides critical assessment of product pricing and numerous important market dynamics, life cycle analysis and product innovations that find roles in the development and production of PD1/PDL1 inhibitors and adoption among various demographics.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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