USD 30.3 billion
Report ID:
SQMIG35I2102 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
89
|Figures:
76
PD-1 And PD-L1 Inhibitors Market size was valued at USD 35.6 billion in 2022 and is poised to grow from USD 41.83 billion in 2023 to USD 151.98 billion by 2031, growing at a CAGR of 17.50% in the forecast period (2024-2031).
PD-1/PD-L1 inhibitors are a class of drugs that have revolutionized cancer treatment in recent years. PD-1 (programmed cell death protein 1) and PD-L1 (programmed cell death ligand 1) are two proteins that play a crucial role in regulating the immune system's response to cancer cells. When cancer cells develop, they often produce PD-L1, which binds to PD-1 on the surface of T cells and inhibits their activity. This is an immune evasion mechanism that allows cancer cells to evade the immune system's attack. PD-1/PD-L1 inhibitors work by blocking the interaction between PD-1 and PD-L1, which allows T cells to recognize and attack cancer cells. By unleashing the immune system's natural ability to fight cancer, PD-1/PD-L1 inhibitors have shown remarkable efficacy in a wide range of cancers, including lung cancer, melanoma, bladder cancer, and more. The first PD-1 inhibitor, pembrolizumab (Keytruda), was approved by the FDA in 2014 for the treatment of advanced melanoma. Since then, several other PD-1/PD-L1 inhibitors have been developed and approved for various cancer types, including nivolumab (Opdivo), atezolizumab (Tecentriq), durvalumab (Imfinzi), and avelumab (Bavencio).
The market has witnessed significant growth in recent years, owing to the increasing prevalence of cancer, rising awareness about immunotherapy, and the growing number of approvals for PD-1/PD-L1 inhibitor drugs by regulatory agencies. In addition, the development of combination therapies, which use PD-1/PD-L1 inhibitors in combination with other drugs, has further propelled the growth of the market. North America currently dominates the global PD-1/PD-L1 inhibitors market, owing to the high prevalence of cancer in the region, favorable reimbursement policies, and the presence of a well-established healthcare infrastructure. However, the market is expected to witness significant growth in Asia-Pacific in the coming years, owing to the growing awareness about immunotherapy and the increasing adoption of PD-1/PD-L1 inhibitors in the region. The key players in the global PD-1/PD-L1 inhibitors market include Bristol-Myers Squibb Company, Merck & Co., Inc., Roche Holding AG, AstraZeneca plc, Pfizer Inc., and Novartis AG, among others. These companies are focusing on developing new PD-1/PD-L1 inhibitor drugs, expanding their geographical presence, and entering into partnerships and collaborations to enhance their market position.
However, the high cost of PD-1/PD-L1 inhibitor drugs and the associated adverse effects may hinder the growth of the market to some extent. Moreover, the emergence of new immunotherapies and the increasing focus on personalized medicine may pose a challenge to the growth of the market.
US PD-1 And PD-L1 Inhibitors Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 30.3 billion
Largest Segment
PD-1 inhibitor
Fastest Growth
PD-1 inhibitor
Growth Rate
17.5% CAGR
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PD-1 And PD-L1 Inhibitors Market is segmented by type, application, and end-user. Based on type, the PD-1 And PD-L1 Inhibitors Market can be segmented into PD-1 inhibitors, and PD-L1 inhibitors. Based on application, the PD-1 And PD-L1 Inhibitors Market can be segmented into cancer, autoimmune diseases, and others. Based on end-users, the PD-1 And PD-L1 Inhibitors Market is segmented into hospitals, clinics, and others. Based on region, the PD-1 And PD-L1 Inhibitors Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
PD-1 And PD-L1 Inhibitors Market Analysis by Type
PD-L1 inhibitors segment dominated the global market. PD-L1 inhibitors target the PD-L1 protein that is expressed on the surface of cancer cells. PD-L1 inhibitors work by blocking the interaction between PD-L1 and its receptor, which is found on T-cells. This releases the brakes on the immune system, allowing T-cells to recognize and attack cancer cells. The PD-L1 inhibitors segment is also witnessing significant growth, owing to the increasing number of approvals for PD-L1 inhibitors by regulatory agencies. Key PD-L1 inhibitors include Tecentriq (atezolizumab), Imfinzi (durvalumab), and Bavencio (avelumab). These drugs have been approved for the treatment of various types of cancer, including bladder cancer, non-small cell lung cancer, and Merkel cell carcinoma, among others
The PD-1 protein segment is expected to grow at the fastest CAGR. The PD-1 protein helps to regulate the immune response by preventing T-cells from attacking healthy cells in the body. Cancer cells can sometimes take advantage of this mechanism by expressing high levels of PD-L1, a protein that binds to PD-1 and inhibits T-cell activity. PD-1 inhibitors block the interaction between PD-1 and PD-L1, thereby allowing T-cells to attack cancer cells. The PD-1 inhibitors segment currently dominates the global PD-1/PD-L1 inhibitors market, owing to the high efficacy and safety profile of PD-1 inhibitors in the treatment of various types of cancer. Key PD-1 inhibitors include Opdivo (nivolumab), Keytruda (pembrolizumab), and Libtayo (cemiplimab). These drugs have been approved for the treatment of many types of cancers.
PD-1 And PD-L1 Inhibitors Market Analysis by End-User
By end-users, the market is segmented into hospitals, clinics, and others. Hospitals currently hold the largest share of the market, owing to the availability of advanced healthcare infrastructure, highly trained medical professionals, and the ability to provide comprehensive cancer care. Hospitals also have the necessary resources to conduct clinical trials and research studies, which are essential for the development of new PD-1/PD-L1 inhibitor drugs.
Clinics segment is expected to grow at the fastest CAGR. These are important end-user segment of the market, as they provide specialized cancer care to patients. Clinics may also offer personalized treatment plans that take into account the patient's individual needs and medical history. The growing trend of outpatient care has led to an increase in the number of clinics, which is expected to further drive the growth of this segment.
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North America is one of the largest markets for PD-1 and PD-L1 inhibitors, and it is expected to dominate the global market during the forecast period. The region's dominance can be attributed to various factors such as the high prevalence of cancer and autoimmune diseases, the presence of key market players, and favorable reimbursement policies. In North America, the United States holds the largest share of the PD-1 and PD-L1 inhibitors market, owing to the high prevalence of cancer and autoimmune diseases in the country. According to the American Cancer Society, it is estimated that in 2022, there will be around 1.9 million new cancer cases and over 609,000 cancer deaths in the United States. The rising incidence of cancer in the country is expected to drive the demand for PD-1 and PD-L1 inhibitors. Moreover, the presence of key market players in the region is also expected to drive the growth of the PD-1 and PD-L1 inhibitors market. Some of the major players in the market, such as Bristol-Myers Squibb, Merck & Co., and Pfizer, have their headquarters in the United States. These players are investing heavily in research and development activities to develop innovative PD-1 and PD-L1 inhibitors for the treatment of various diseases. Additionally, favorable reimbursement policies in the region are also expected to drive the growth of the market. The Affordable Care Act (ACA) in the United States has made it mandatory for insurers to cover cancer treatment costs, including PD-1 and PD-L1 inhibitors, which has increased patient access to these drugs.
On the other hand, Asia-Pacific (APAC) is expected to be the fastest growing region in the global PD-1/PD-L1 inhibitors market, owing to the increasing prevalence of cancer in the region and the growing adoption of immunotherapy. The region has a large population, which has led to a high burden of cancer, particularly in countries such as China, Japan, and South Korea. In addition, the region has witnessed significant investments in healthcare infrastructure, which has further propelled the growth of the market. Governments in the region have also implemented favorable policies to promote the adoption of immunotherapy, such as the inclusion of PD-1/PD-L1 inhibitors in the national healthcare reimbursement schemes. Moreover, the increasing focus on research and development activities, particularly in countries such as China and India, is expected to further drive the growth of the market. These countries have large populations and significant resources, which has led to the emergence of a strong research and development ecosystem. Key players in the market are also focusing on expanding their presence in the region by entering into partnerships and collaborations with local companies. For instance, Bristol-Myers Squibb entered into a collaboration with China's CSPC Pharmaceutical Group Limited to develop and commercialize its PD-1 inhibitor drug in China.
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PD-1 And PD-L1 Inhibitors Market Drivers
Rising prevalence of cancer
Development of advanced technologies
PD-1 And PD-L1 Inhibitors Market Restraints
Increasing Cost of Drug
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Global PD-1 and PD-L1 inhibitors market is highly fragmented, with the presence of several small and large players. The market is characterized by intense competition, with players focusing on research and development activities to develop innovative products. Some of the key strategies adopted by players in the market include collaborations, partnerships, and mergers and acquisitions. Additionally, players are also focusing on expanding their product portfolios to cater to a wider range of diseases. The intense competition in the market is expected to drive the growth of the PD-1 and PD-L1 inhibitors market, with players striving to gain a larger share of the market.
PD-1 And PD-L1 Inhibitors Market Top Player’s Company Profiles
PD-1 And PD-L1 Inhibitors Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global PD-1 and PD-L1 inhibitors market analysis, the market is projected to experience significant growth over the forecast period, driven by several factors such as rising prevalence of cancer, technological advancements, and increasing demand for effective treatment options. The cancer segment is expected to dominate the market, owing to the increasing incidence of various types of cancer globally. North America is expected to dominate the market, owing to the high adoption rate of advanced technologies, favorable government initiatives, and the presence of a well-established healthcare infrastructure. However, Asia Pacific is projected to experience significant growth over the forecast period, driven by increasing government initiatives to improve healthcare infrastructure and the rising prevalence of cancer in the region.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 35.6 billion |
Market size value in 2031 | USD 151.98 billion |
Growth Rate | 17.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the PD-1 And PD-L1 Inhibitors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the PD-1 And PD-L1 Inhibitors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQMIG35I2102
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