The global rise in cancer cases significantly drives the market.
According to the World Cancer Research Fund International, 2022 saw around 20 million new cancer cases worldwide, leading to roughly 9.7 million cancer-related deaths. Lung cancer topped the list with about 2.5 million new cases (12.4% of the total), followed closely by female breast cancer at 2.3 million cases (11.6%) and colorectal cancer with 1.9 million cases (9.6%).
Moreover, the World Health Organization (WHO) forecasts a surge in new cancer cases, predicting a rise to 35 million by 2050, marking a 77% increase from 2022. This projected uptick is linked to an aging and growing population, coupled with lifestyle changes heightening cancer risk.
With the rising prevalence of diverse cancer types, there's an escalating demand for innovative treatments. Immune checkpoint inhibitors, which bolster the body's immune response against cancer cells, have surfaced as pivotal therapeutic options.
The escalating cancer burden has intensified research and development, leading to new approvals for immune checkpoint inhibitors and broader indications for existing ones. This surge in cancer cases is also expanding the patient base for these therapies, propelling market growth.
Furthermore, the need for more effective and less toxic cancer treatments than traditional methods is amplifying the demand for immune checkpoint inhibitors, solidifying their role in contemporary oncology care.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
Immune checkpoint inhibitors market size was USD 47.4 billion in 2023 and is expected to register 16.7% CAGR from 2024-2032 owing to increasing global cancer prevalence and a rising demand for advanced, personalized cancer therapies worldwide.
The PD-1 segment reached USD 34.7 billion by 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its pivotal role in cancer immunotherapy.
North America immune checkpoint inhibitors industry is expected to register 16.8% CAGR from 2024-2032 due to the presence of leading pharmaceutical companies, actively engaged in both the development and commercialization of immune checkpoint inhibitors in the region.
Eli Lilly and Company, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Incyte Corporation, Immutep Limited, Merck & Co., Inc., Regeneron Pharmaceuticals, Inc., Sanofi, and Shanghai Junshi Biosciences Co., Ltd., are some of the major immune checkpoint inhibitors companies worldwide.