The immune checkpoint inhibitors market was valued for $40,126.30 million in 2022 and is estimated to reach $189,379.51 million by 2032, exhibiting a CAGR of 16.8% from 2023 to 2032. Immune checkpoint inhibitors represent a category of drugs utilized in cancer immunotherapy. They function by targeting specific proteins on immune or cancer cells, thereby boosting the body's immune response against cancer. While the immune system serves as a critical defense mechanism against abnormal or cancerous cells, certain mechanisms, known as immune checkpoints, regulate its function, preventing excessive attacks on healthy cells.
Cancer cells exploit these checkpoints to evade the immune system's detection and destruction. Immune checkpoint inhibitors work by targeting and blocking specific proteins, such as PD-1 (programmed cell death protein 1), PD-L1 (programmed death-ligand 1), or CTLA-4 (cytotoxic T-lymphocyte-associated protein 4), which are involved in these checkpoints. By inhibiting these proteins, these drugs enable the immune system to more effectively identify and combat cancer cells.
The major factors driving the growth of immune checkpoint inhibitors market are advancements in R&D, increase in prevalence of cancer cases, increase in number of clinical trials, expanding research initiatives, strategic collaborations, and growing approvals for new indications. Cancer remains a leading cause of mortality globally, with continuous rise in diagnosed cases across various cancer types. For instance, National Cancer Institute, Division of Cancer Control & Population Sciences (DCCPS), stated that, 623,405 people are living with metastatic breast, prostate, lung, colorectal cancer, or metastatic melanoma in the U.S. As the burden of cancer grows, there is a pressing need for more effective treatment options, leading to the heightened demand for immune checkpoint inhibitors.
Further, increase in the number of clinical trials focusing on the immune checkpoint inhibitors is expected to fuel the market growth. There is a growing inclination among pharmaceutical companies, biotechnology firms, and academic institutions to allocate more resources toward clinical research. This investment aims to scrutinize the safety, effectiveness, and possible uses of immune checkpoint inhibitors across diverse cancer types. These trials, focused on investigating novel drug combinations, evaluating treatment reactions, and pinpointing predictive biomarkers, significantly contribute to broadening the comprehension of immune-driven treatments. For instance, in July 2023, Merck & Co., Inc., and Moderna, Inc. announced the initiation of the pivotal Phase 3 randomized V940-001 clinical trial evaluating V940 (mRNA-4157), an investigational individualized neoantigen therapy (INT), in combination with KEYTRUDA, Merck’s anti-PD-1 therapy, as an adjuvant treatment in patients with resected high-risk (Stage IIB-IV) melanoma. The results from these trials not only drive drug development but also inform treatment decisions, further boosting the growth of the immune checkpoint inhibitors market.
Furthermore, strategic collaborations among pharmaceutical companies, biotechnology firms, and academic institutions have emerged as a key factor propelling the growth of the immune checkpoint inhibitors market. Partnerships and alliances facilitate the consolidation of expertise, resources, and technologies, expediting the drug discovery and development process. For instance, in May 2020, Innovent Biologics, Inc., a world-class biopharmaceutical company that develops, manufactures, and commercializes high-quality medicines for the treatment of cancer, autoimmune, metabolic & other major diseases, and The University of Texas MD Anderson Cancer Center, announced a strategic collaboration agreement to co-develop TYVYT (sintilimab injection), Innovent’s anti-PD-1 monoclonal antibody, for treating rare cancers in the U.S. In addition, collaborative efforts facilitate the exploration of diverse therapeutic applications, the conduct of larger clinical trials, and the accelerated translation of research findings into clinical applications. Such collaborations have led to the successful development and commercialization of several immune checkpoint inhibitors, widening their reach and applications in oncology.
The immune checkpoint inhibitors market is segmented on the basis of product type, application, and region. By product type, the market is categorized into CTLA-4 inhibitor, PD-1 inhibitor, and PD-L1 inhibitor. On the basis of application, the market is classified into lung cancer, bladder cancer, melanoma, colorectal cancer, Hodgkin lymphoma, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, and rest of LAMEA).
Major key players that operate in the global immune checkpoint inhibitors market are Merck & Co., Inc., AstraZeneca plc, F. Hoffmann-La Roche Ltd., Merck KGaA, Regeneron Pharmaceuticals, Inc., Bristol-Myers Squibb Company, BeiGene, Ltd., Shanghai Junshi Biosciences Co., Ltd., GlaxoSmithKline plc, and Innovent Biologics, Inc. The key players have adopted strategies such as acquisition, agreement, strategic alliance, collaboration, clinical trial, expansion, joint venture, new product development, and product approval to expand their product portfolio.
Cancer cells exploit these checkpoints to evade the immune system's detection and destruction. Immune checkpoint inhibitors work by targeting and blocking specific proteins, such as PD-1 (programmed cell death protein 1), PD-L1 (programmed death-ligand 1), or CTLA-4 (cytotoxic T-lymphocyte-associated protein 4), which are involved in these checkpoints. By inhibiting these proteins, these drugs enable the immune system to more effectively identify and combat cancer cells.
The major factors driving the growth of immune checkpoint inhibitors market are advancements in R&D, increase in prevalence of cancer cases, increase in number of clinical trials, expanding research initiatives, strategic collaborations, and growing approvals for new indications. Cancer remains a leading cause of mortality globally, with continuous rise in diagnosed cases across various cancer types. For instance, National Cancer Institute, Division of Cancer Control & Population Sciences (DCCPS), stated that, 623,405 people are living with metastatic breast, prostate, lung, colorectal cancer, or metastatic melanoma in the U.S. As the burden of cancer grows, there is a pressing need for more effective treatment options, leading to the heightened demand for immune checkpoint inhibitors.
Further, increase in the number of clinical trials focusing on the immune checkpoint inhibitors is expected to fuel the market growth. There is a growing inclination among pharmaceutical companies, biotechnology firms, and academic institutions to allocate more resources toward clinical research. This investment aims to scrutinize the safety, effectiveness, and possible uses of immune checkpoint inhibitors across diverse cancer types. These trials, focused on investigating novel drug combinations, evaluating treatment reactions, and pinpointing predictive biomarkers, significantly contribute to broadening the comprehension of immune-driven treatments. For instance, in July 2023, Merck & Co., Inc., and Moderna, Inc. announced the initiation of the pivotal Phase 3 randomized V940-001 clinical trial evaluating V940 (mRNA-4157), an investigational individualized neoantigen therapy (INT), in combination with KEYTRUDA, Merck’s anti-PD-1 therapy, as an adjuvant treatment in patients with resected high-risk (Stage IIB-IV) melanoma. The results from these trials not only drive drug development but also inform treatment decisions, further boosting the growth of the immune checkpoint inhibitors market.
Furthermore, strategic collaborations among pharmaceutical companies, biotechnology firms, and academic institutions have emerged as a key factor propelling the growth of the immune checkpoint inhibitors market. Partnerships and alliances facilitate the consolidation of expertise, resources, and technologies, expediting the drug discovery and development process. For instance, in May 2020, Innovent Biologics, Inc., a world-class biopharmaceutical company that develops, manufactures, and commercializes high-quality medicines for the treatment of cancer, autoimmune, metabolic & other major diseases, and The University of Texas MD Anderson Cancer Center, announced a strategic collaboration agreement to co-develop TYVYT (sintilimab injection), Innovent’s anti-PD-1 monoclonal antibody, for treating rare cancers in the U.S. In addition, collaborative efforts facilitate the exploration of diverse therapeutic applications, the conduct of larger clinical trials, and the accelerated translation of research findings into clinical applications. Such collaborations have led to the successful development and commercialization of several immune checkpoint inhibitors, widening their reach and applications in oncology.
The immune checkpoint inhibitors market is segmented on the basis of product type, application, and region. By product type, the market is categorized into CTLA-4 inhibitor, PD-1 inhibitor, and PD-L1 inhibitor. On the basis of application, the market is classified into lung cancer, bladder cancer, melanoma, colorectal cancer, Hodgkin lymphoma, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, and rest of LAMEA).
Major key players that operate in the global immune checkpoint inhibitors market are Merck & Co., Inc., AstraZeneca plc, F. Hoffmann-La Roche Ltd., Merck KGaA, Regeneron Pharmaceuticals, Inc., Bristol-Myers Squibb Company, BeiGene, Ltd., Shanghai Junshi Biosciences Co., Ltd., GlaxoSmithKline plc, and Innovent Biologics, Inc. The key players have adopted strategies such as acquisition, agreement, strategic alliance, collaboration, clinical trial, expansion, joint venture, new product development, and product approval to expand their product portfolio.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the immune checkpoint inhibitors market analysis from 2022 to 2032 to identify the prevailing immune checkpoint inhibitors market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the immune checkpoint inhibitors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global immune checkpoint inhibitors market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- CTLA-4 inhibitor
- PD-1 inhibitor
- PD-L1 inhibitor
By Application
- Lung Cancer
- Bladder Cancer
- Melanoma
- Colorectal Cancer
- Hodgkin lymphoma
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Rest of LAMEA
- Merck & Co., Inc.
- AstraZeneca plc
- Merck KGaA
- Bristol-Myers Squibb Company
- BeiGene, Ltd.
- Shanghai Junshi Biosciences Co., Ltd.
- GlaxoSmithKline plc
- Innovent Biologics, Inc.
- F. Hoffmann-La Roche Ltd.
- Regeneron Pharmaceuticals, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: IMMUNE CHECKPOINT INHIBITORS MARKET, BY TYPE
CHAPTER 5: IMMUNE CHECKPOINT INHIBITORS MARKET, BY APPLICATION
CHAPTER 6: IMMUNE CHECKPOINT INHIBITORS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Merck & Co., Inc.
- AstraZeneca plc
- Merck KGaA
- Bristol-Myers Squibb Company
- BeiGene, Ltd.
- Shanghai Junshi Biosciences Co., Ltd.
- GlaxoSmithKline plc
- Innovent Biologics, Inc.
- F. Hoffmann-La Roche Ltd.
- Regeneron Pharmaceuticals, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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