Global Melanoma Drug Market Analysis

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  • Type: Oncology area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 180

  • Format: PPT, PDF

GLOBAL MELANOMA DRUG MARKET – SIZE, SHARE, IMPACT, GROWTH, TRENDS, AND FORECASTS, MELNOMA DRUGS, NORTH AMERICA, ASIA-PACIFIC, U.S. (2019 – 2028)

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Report Overview

The Global Melanoma drugs market size stood at USD 8.2 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Melanoma is a type of skin cancer that develops in the melanocyte cells that are responsible for producing melanin, the pigment that imparts colour to the skin. It occurs when unrepaired damage to skin cells leads to their rapid multiplication, thus forming malignant tumours. The primary cause of Melanoma is prolonged exposure to ultraviolet light. If detected and treated at an early stage, the disease is almost always curable. In recent years, there has been a rise in the number of new cases reported, due to changing environmental landscape. The market for its treatment has thus witnessed significant growth

Market Drivers

The entry of biosimilars in the market is expected to increase during the forecast period due to the patent expiration of key branded biologics. For instance, Amgen’s patent for Imlygic expires in 2021, and this is expected to offer opportunities for new players to enter the market, and, in turn, boost the market growth

The prevalence of skin allergies, melanoma, and other skin cancers in developing countries is high, which serves as an opportunity for drug companies to gain a larger share in these regions. Increasing demand for cost-efficient therapeutics in developing regions, such as Asia Pacific and Middle East & Africa, has encouraged major players to develop cheaper and effective drugs. These factors are expected to fuel the growth of the overall market in the coming years

 

1. Global Melanoma Drugs Market Overview………..………..……………………
A. Market Size
2. Market Growth Drivers…………………………………………………………………
A. Rise in Global Prevalence of Melanoma
B. Growing R&D Investments and Reimbursement Policies
3. Major Types of Melanoma….……………….………..…………………………..….…
A. Malignant Melanoma
B. Benign Melanoma
4. Melanoma Drugs Market Segmentation…….……………………….…………….
A. Treatment Therapeutics:
I. Chemotherapy
II. Immunotherapy
III. Radiotherapy
IV. Targeted Therapy
V. Others
B. Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Middle East and Africa Market Analysis
C. Distribution Channel
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacies
IV. Others
5. Melanoma Drugs Market Share……………..…………………………..……………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………….…………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………….………………………………………..……………
A. AstraZeneca Company Product & Services, Strategies & Financials
B. Novartis Company Product & Services, Strategies & Financials
C. Merck Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………..……..……
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Melanoma Drugs Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Treatment Therapeutics:

In 2016, chemotherapy captured around 7% of the therapy segment in terms of revenue. This can be attributed to its high adoption rate in the past few years due to the increasing incidence of cancer, especially skin cancers. Chemotherapy includes a broad range of therapeutics that involve proteins and other synthetically derived products

Immunotherapy held the largest share of the therapy segment. This can be attributed to the effectiveness of drugs used in immunotherapy and an increase in their approvals. Strong emerging pipeline for melanoma treatment is expected to drive the immunotherapy segment over the forecast period

Targeted therapy is anticipated to grow at a lucrative CAGR of about 18% owing to benefits such as limited adverse effects and higher efficiency of targeted therapy drugs. Advancements in genomics have led to the development of targeted cancer therapies for the treatment of patients who are incurable by intensive cytotoxic chemotherapy

The radiation therapy segment is expected to exhibit steady growth over the forecast period owing to the increasing number of advanced melanoma cases and the use of radiation as an adjuvant therapy post-surgery. Radiation therapy is rarely used as a primary treatment. It is only administered to patients in stage 4, who cannot be treated with surgery

By Distribution Channel:

Based on the distribution channel, the market has been segregated into hospitals, retail, online and other pharmacies

By Region:

North America held a dominant share of the market as of 2016 owing to the rising incidence of melanoma and other skin cancers in the region. According to the CDC, over 71,943 people were affected by melanoma in 2013. As per the American Cancer Society, this number is expected to go up to 87,100 cases in 2017. These statistics highlight the need for drugs that help in the management of melanoma over the coming years

The U.S. government has developed favourable reimbursement policies for the treatment of these diseases to fulfil unmet patient needs. This is expected to provide a healthy platform for growth to the North American market. Furthermore, owing to the patent expiration of biologics in the coming years, numerous new players are expected to enter the market in this region. The existing players are undertaking various strategic initiatives to improve their revenue share. For instance, in July 2016, Bristol-Myers Squibb Company acquired Cormorant Pharmaceuticals to broaden its immuno-oncology pipeline

Major Players

Some of the major players in this market are AstraZeneca; Amgen, Inc.; F. Hoffmann-La Roche Ltd.; Bristol-Myers Squibb Company; Novartis AG; Merck & Co., Inc.; Daiichi Sankyo Company, Limited; and AB Sciences

The market is witnessing substantial growth owing to the development and approval of new biologics as well as their growing demand, which has drawn several local and international companies to invest in developing these therapeutics

The market is highly competitive in nature, with leading players involved in regional expansion, partnerships, new product development, and R&D to increase market penetration. Several products are under clinical trials in the U.S. & Europe, which are expected to receive approval during the forecast period. With an increasing number of distributors and dealers for these drugs, the market is likely to continue witnessing highly competitive rivalry over the forecast period

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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