About Melanoma Drugs
Melanoma is a type of skin cancer that occurs due to major risk factor like high levels of exposure to ultraviolet (UV) light leading to blistering sunburns, particularly among population groups who stay either in countries, which are in proximity to the equator or at very high altitudes. According to the American Academy of Dermatology, the prevalence of melanoma is gradually increasing & rapidly spreads to other parts of the body. Nevertheless, if melanoma is detected at an early stage i.e. in situ or stage 0, it can be cured completely with surgical removal without any delays in seeking treatment. Survival rates from the disease are approximately 100 percent. Systemic drug therapy for melanoma mainly depends on the properties and stage at which melanoma is detected.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally and others. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Melanoma Drugs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bristol-Myers Squibb (United States), Enzon Pharmaceuticals (United States), Exelixis (United States), GlaxoSmithKline (United Kingdom), Merck (United States), Pfizer (United States), Janssen Biotech (United States), Hoffmann-La Roche Ltd ( Switzerland), Navidea Biopharmaceuticals (United States) and AstraZeneca (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Novartis (Switzerland), Ono Pharmaceutical (Japan), Amgen (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Melanoma Drugs market by , Application (Hospitals, Clinics and Other) and Region.
On the basis of geography, the market of Melanoma Drugs 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 Therapy, the sub-segment i.e. Chemotherapy will boost the Melanoma Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of novel therapeutics with enhanced efficacy and Companies are undertaking various R&D activities to find new indications
Market Growth Drivers:
Exposure to ultraviolet (UV) light due to increasing global warming and Increment in the count of chronic diseases like melanoma, skin cancer, and skin allergies
Challenges:
Availability of other successful therapy
Restraints:
Lack of innovative medicine in this sector and Associated side effects of the drugs
Opportunities:
Rising skin diseases due to air pollution and Increasing number of FDA approvals
Market Leaders and their expansionary development strategies
In April 2023, Pfizer Inc., announced that the U.S. Food and Drug Administration (FDA) has accepted for review the Supplemental New Drug Applications (sNDAs) for BRAFTOVI® (encorafenib) + MEKTOVI® (binimetinib) for patients with metastatic non-small cell lung cancer (NSCLC) with a BRAF V600E mutation, as detected by an FDA-approved test.
In October 2023, Bristol Myers Squibb announced that Opdivo (nivolumab) was approved by the U.S. Food and Drug Administration (FDA) for the adjuvant treatment of adult and pediatric patients 12 years and older with completely resected stage IIB or IIC melanoma, expanding upon the existing adjuvant indication for Opdivo and further reinforcing the company’s legacy of providing treatment options for melanoma patients.1 The approval is based on the Phase 3 CheckMate -76K trial, which compared Opdivo (n=526) to placebo (n=264).1,2
Key Target Audience
Manufacturer, Raw material supplier, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations
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.