(PharmaNewsWire.Com, November 30, 2017 ) According to the report Checkpoint Inhibitors Market, published by Market Data Forecast, the Global market has been estimated at USD 1.58 billion in 2017 and is projected to reach USD 5.81 billion by 2022, at a CAGR of 29.8% during the forecast period from 2017 to 2022.
Checkpoint Inhibitors Industry are manufactured using antibodies that trigger the immune system to attack the cancerous cells. Due to this reason they are often utilized during Immunotherapy. The process begins with T-lymphocytes attacking the areas where they detect cancerous or infected cells. Immune system of the body utilizes a wide range of molecules as checkpoints in order to protect the body cells from any foreign threat.
Cancer cells make use of these Checkpoints to disguise themselves as T-cells by organizing themselves with the normal host cells. Checkpoint Inhibitors trigger a blockage of proteins to the cancer cells which in turn facilitates the introduction of T-Cells to attack the Cancer-causing cells.
Rising number of cases of cancer worldwide, coupled with growing financial support and government expenditure on R&D of new drugs are the key factors driving the market growth. Be that as it may, a constant requirement of heavy investment in R&D activities is a prime challenge restricting the market growth.
CTLA-4 Segment dominated the Drug type segment of the market. PD-1 inhibitors segment is expected to witness a lucrative growth in the coming years. This can be accredited to the growing demand for PD-1 inhibitors.
Asia-Pacific is expected to witness the highest CAGR during the aforementioned period due to the growing collaboration of international companies with domestic market players in this region.
Checkpoint Inhibitors Market: Key Players
The Checkpoint Inhibitors market is highly competitive with a large number of players like AstraZeneca, Ono Pharmaceutical Co., Ltd., Juno Therapeutics, Novartis International AG, Kite Pharma, Merck & Co. Inc., and Bristol-Myers Squibb, Roche.
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