Global Merkel Cell Carcinoma Treatment Market Growing Research and Development Initiatives in Immunotherapy
“The Global Merkel Cell Carcinoma Treatment Market growing at a significant CAGR over next seven years 2019-2025 due to growing research and development initiatives in immunotherapy”
Some of the key factors influencing the market growth include high incidence and occurrence of skin cancer, growing research and development initiatives in immunotherapy, rising treatment options among the middle age population, increasing number of FDA approvals and the presence of biosimilars. However, adverse effects of the treatment and high cost of surgery accessibility are the major factors hindering the market growth.
Global merkel cell carcinoma treatment market segmented on the basis of drug, distribution channel and region.
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Chemotherapy dominate the Global Merkel Cell Carcinoma Treatment Market
Based on drug, global merkel cell carcinoma treatment market is segmented into Chemotherapy, Immunotherapy, Combination Therapies and Others. Chemotherapy held considerable market growth during estimated period. Merkel cell carcinoma is uncommon and hazardous but treatable, particularly when found at an early stage. Because MCC is such an uncommon form of skin cancer, it is best to seek treatment at an academic center with physicians who have specialized expertise in caring for people with this particular disease. Chemotherapy uses anti-cancer drugs that are utmost usually given into a vein (IV) or given by mouth. These drugs travel through the bloodstream to all parts of the body. This makes chemo beneficial for treating cancers that have spread to other organs. Chemo is most likely to be helpful for MCC that has spread to other organs. Although most cases of advanced disease have some response to chemotherapy, the effect is not long term.
North America Leads the Global Merkel Cell Carcinoma Treatment market
PBI’s global merkel cell carcinoma treatment market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global merkel cell carcinoma treatment market with considerable CAGR. The growth in this region is due to growing population and increasing options of treatment for the middle age population. Asia Pacific held substantial market growth during estimated period owing to changing lifestyle of people, growing per capita expenditure for health insurance and rising environmental pollution. Europe held steady growth which can be attributed to well-developed facilities for cancer patients and development of health care infrastructure in the region.
Strategic Approvals are the Key Strategies Adopted by Market Players
Global merkel cell carcinoma treatment market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In March 2017, Merck KGaA and Pfizer Inc. received U.S.FDA approval for its BAVENCIO (avelumab) for the treatment of metastatic Merkel cell carcinoma.
Key player’s profiles in the report are Pfizer (U.S), Amgen Inc.(U.S), Merck & Co. Inc.(U.S), BeiGene Ltd.(China), OncoSec Medical Inc.(U.S) Millennium Pharmaceuticals Inc.(U.S), Oncovir Inc. (U.S), Novartis AG (Switzerland), NantKwest Inc. (U.S).
Precision Business Insights (PBI) in its report titled “Global Merkel Cell Carcinoma Treatment Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
• Alkylating agents
• Topoisomerase inhibitors
o Combination Therapies
By Distribution Channel
o Oncology research institutes
o Ambulatory surgical centres
o Retail Pharmacies
o Online Pharmacies
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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