Global PD-1 and PD-L1 Inhibitors Market to Grow at a CAGR of 17.96% During 2024-2032, Aided by the Rising Incidences of Cancer Worldwide

The global PD-1 and PD-L1 inhibitors industry is being driven by the growing prevalence of cancer around the globe, which is compelling the key market players to develop effective methods to enhance the treatment process and its efficacy. In this regard, the market players are increasingly investing in the research and development activities while employing emerging technological solutions. In addition, the growing government investments in the development of advanced healthcare facilities and the rapidly increasing geriatric population with heightened susceptibility to chronic illnesses are predicted to aid the market in the forecast period.

The increasing demand for effective cancer treatments is further leading to the development of efficient PD-1 and PD-L1 inhibitors to be used against various types of cancers. This is estimated to significantly catalyse the industry growth in the forecast period. For instance, in February 2021, Sanofi S.A. (OTCMKTS: SNYNF) announced that its PD-1 inhibitor Libtayo® (cemiplimab-rwlc) has received FDA approval to be used as a first-line treatment for patients with advanced non-small cell lung cancer (NSCLC) with tumors of high PD-L1 expression.  Furthermore, another key player, namely Bristol-Myers Squibb Company (NYSE: BMY) in October 2021 announced that its programmed death-1 (PD-1) immune checkpoint inhibitor, Opdivo (nivolumab) has received approval from the European Commission to be used along with fluoropyrimidine- and platinum-based combination chemotherapy for the treatment of adult patients with HER2-negative advanced or metastatic gastric, gastroesophageal junction (GEJ), or esophageal adenocarcinoma (EAC) with tumors expressing PD-L1. Such developments are expected to positively impact the PD-1 and PD-L1 inhibitors industry in the forecast period.

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Market Breakup by Type, Application, End User, and Region:

• The market is divided, based on type, into PD-1 inhibitors and PD-L1 inhibitors.

• On the basis of application, the market can be distributed into Hodgkin Lymphoma, Kidney Cancer, Melanoma, Non-Small Cell Lung Cancer, and others.

• Based on end user, the industry is segregated into hospital pharmacies, retail pharmacies, and online pharmacies.

• Region-wise, the global market for PD-1 and PD-L1 inhibitors can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for PD-1 and PD-L1 inhibitors is being driven by the rising incidences of cancer worldwide.

• The increased demand for effective cancer treatment has significantly contributed to the market expansion.

• Heightened investments in the healthcare sector are also aiding the industry growth.

• The rising geriatric population, coupled with the favorable government initiatives, is further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for PD-1 and PD-L1 inhibitors for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, end users, and major regions of PD-1 and PD-L1 inhibitors.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global PD-1 and PD-L1 inhibitors market are F. Hoffmann-La Roche AG, Sanofi S.A., Amgen Inc., AstraZeneca PLC, Pfizer Inc., Bristol-Myers Squibb Company, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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