About Melanoma Therapeutics
Melanoma is defined as the form of skin cancer which arises when pigment-producing cells. In addition, most pigment cells are found in the skin and it can also occur in the eyes as well as other parts of the body such as intestines, among others. It mostly occurs when increasing for people under the age of 40 years, especially women and overexposure to the sun. In 2017, according to an article published by national cancer institute (United States), more than 87,110 new melanomas were anticipated to be diagnosed in 2017, and more than 9,730 people were predictable to die of melanoma. Hence, the rising number of patients due to melanomas disease, increasing incidence of cancer, especially skin cancers are some of the major factors which propel the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 12.2% |
The melanoma therapeutics market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Melanoma Therapeutics 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.
Pfizer, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Merck & Co., Inc. (United States), Novartis International AG (Switzerland), Bristol-Myers Squibb Company (United States), GlaxoSmithKline, plc. (United Kingdom), AstraZeneca plc (United Kingdom), Amgen, Inc. (United States), Daiichi Sankyo Company, Limited (Japan) and AB Sciences (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Eisai Co., Ltd. (Japan), Vical, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Melanoma Therapeutics market by and Region.
On the basis of geography, the market of Melanoma Therapeutics 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). North America region held largest market share in the year 2023. If we see Market by Drugs, the sub-segment i.e. Opdivo will boost the Melanoma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Therapy, the sub-segment i.e. Chemotherapy will boost the Melanoma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stages, the sub-segment i.e. Stage 0 (Melanoma in Situ) will boost the Melanoma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cancer Type, the sub-segment i.e. Nodular Melanoma will boost the Melanoma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Ultrasound will boost the Melanoma Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Prevalence of Skin Disorders such as skin cancer, skin infections, and skin allergies
Market Growth Drivers:
Increased Awareness Regarding the Treatment of Melanoma and Increasing Prevalence of Melanoma and Technical Advancements
Challenges:
Lack of Awareness regarding Melanoma Therapeutics in Some Developing Regions
Restraints:
High Costs Incurred owing to Combination Treatments and Limited Reimbursement
Opportunities:
Rising Demand from Emerging Economics such as China and India and Government Initiatives to Expand the Melanoma Therapeutics Market
Market Leaders and their expansionary development strategies
In January 2022, Immunocore Holdings plc, a commercial-stage biotechnology company pioneering the development of a novel class of T cell receptor (TCR) bispecific immunotherapies designed to treat a broad range of diseases, including cancer, autoimmune and infectious diseases today announces approval from the United States Food and Drug Administration (FDA) of KIMMTRAK® (tebentafusp-tebn) for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma (mUM).
Key Target Audience
Manufacturers of Melanoma Therapeutics Products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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.