Skin Cancer Treatment Market Analysis, Trends, and Scope 2021 to 2022
Skin Cancer Treatment Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 10,388.57 Million |
Market Size by 2030 | US$ 18,277.71 Million |
Global CAGR (2022 - 2030) | 7.32% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
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Market leaders and key company profiles |
Industry Developments and Future Opportunities:
A few initiatives taken by key players operating in the global skin cancer treatment market are listed below:
- In October 2023, with the US FDA's approval of Opdivo (nivolumab), Bristol Myers Squibb announced that it can now treat adult and pediatric patients aged 12 years and above with completely resected stage IIB or IIC melanoma as an adjuvant. This expands Opdivo's current indication and furthers the company's legacy of offering treatment options for melanoma patients. The Phase 3 CheckMate -76K trial, which pitted Opdivo (n = 526) against a placebo (n = 264), served as the basis for the approval.
- In March 2023, Zynyz, a humanized monoclonal antibody that targets programmed death receptor-1 (PD-1) was approved by the U.S. Food and Drug Administration (FDA) for the treatment of adults with metastatic or recurrent locally advanced Merkel cell carcinoma (MCC). Based on tumor response rate and duration of response (DOR), the FDA approved Zynyz under accelerated approval; however, Zynyz's continued approval for this indication may be subject to verification and a description of clinical benefit in confirmatory trials.
Competitive Landscape and Key Companies:
Merck & Co., Bristol Mayers Squibb, Novartis AG, Roche, Amgen Inc., GSK, Pfizer Inc., Sun Pharmaceutical, and Regeneron Pharmaceuticals are a few key companies operating in the skin cancer treatment market report. These companies focus on expanding their offerings to meet the growing consumer demand worldwide. Their global presence allows them to serve many customers, allowing them to expand their market share.