About Keytruda
Pembrolizumab, also known as Keytruda, is a humanized antibody that is used to treat melanoma, lung cancer, head and neck cancer, Hodgkin lymphoma, and stomach cancer in cancer immunotherapy. It is administered with a gradual injection into a vein. Immunotherapy is a type of cancer treatment in which the body's natural immune system is boosted in order to combat cancer cells. It makes use of components created by the organization or components created in vitro in the laboratory. One of the major causes for the rise of these drugs in the market is the onset of cancer disorders. KEYTRUDA is an immunotherapy that works with your immune system to help fight specific tumors. It is neither chemotherapy or radiation therapy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Keytruda market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amgen (United States), AstraZeneca (United Kingdom), F. Hoffman La-Roche (Switzerland), Bayer AG (Germany), Bristol-Myers Squibb (United States), Eli Lilly and Company (United States), Janssen Global Services, LLC (Belgium), Merck (United States), Novartis (Switzerland) and Pfizer (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Celldex Therapeutics (United States), Vitaeris (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Keytruda market by , Application (Lung Cancer, Breast Cancer, Prostate Cancer, Colorectal Cancer and Others) and Region.
On the basis of geography, the market of Keytruda has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Retail will boost the Keytruda market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Keytruda market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for monoclonal antibodies and biosimilars
Market Growth Drivers:
Rise in Incidence of Cancer and Increase in Adoption of Immunotherapy Over Other Treatment Options
Challenges:
Lack of Awareness
Restraints:
Side Effects Related to Drugs and Complexities in Manufacturing
Opportunities:
Growth Opportunities in Untapped Markets and Development of affordable nanoparticles for deploying immunotherapies
Market Leaders and their expansionary development strategies
In March 2021, Takeda Pharmaceutical Company Limited announced the exercise of its option to acquire Maverick Therapeutics, Inc. a private biopharmaceutical company pioneering conditionally active bispecific T-cell targeted immunotherapies.
In March 2021, the Food and Drug Administration approved pembrolizumab (Keytruda, Merck Sharp & Dohme Corp.) in combination with platinum and fluoropyrimidine-based chemotherapy for patients with metastatic or locally advanced esophageal or gastroesophageal (GEJ) (tumors with epicenter 1 to 5 centimeters above the gastroesophageal junction) carcinoma who are not candidates for surgical resection or definitive chemoradiation.
Key Target Audience
Drug Manufacturers and Suppliers, Academic Research Institutes, Hospitals and Clinics, Research and Development (R&D) Companies and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.