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The Rising Prevalence Of Cancer Driving Growth In The Keytruda Market: An Emerging Driver Transforming The Keytruda Market Landscape
Keytruda
What Is the Projected Growth of the Keytruda Market?
The Keytruda market is projected to grow from $21.6 billion in 2024 to $23.8 billion in 2025, at a CAGR of 10.2%. This growth is driven by improved patient outcomes, the adoption of immunotherapy, advancements in research and development, and better patient compliance.
The Keytruda market is projected to experience strong growth, expected to reach $34.61 billion by 2029 at a CAGR of 9.8%. The growth is attributed to expanding indications, emerging markets, rising cancer prevalence, increasing healthcare expenditure, and the growing demand for precision medicine. Major trends include demand for targeted therapies, advancements in immunotherapy, diagnostic technology innovations, increased cancer treatment demand, and progress in cancer research.
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What Are the Different Keytruda Market Segments?
The keytruda market covered in this report is segmented -
1) By Cancer Type: Melanoma, Lung Cancer, Head And Neck Cancer, Hodgkin Lymphoma, Stomach Cancer, Urothelial Carcinoma
2) By Payer Type: Commercial, Medicare, Medicaid
3) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies
Subsegments:
1) By Melanoma: Advanced Or Unresectable Melanoma, Adjuvant Treatment For Melanoma
2) By Lung Cancer: Non-Small Cell Lung Cancer (NSCLC), Small Cell Lung Cancer (SCLC)
3) By Head And Neck Cancer: Squamous Cell Carcinoma Of The Head And Neck (SCCHN), Recurrent Or Metastatic Head And Neck Cancer
4) By Hodgkin Lymphoma: Classical Hodgkin Lymphoma, Relapsed Or Refractory Hodgkin Lymphoma
5) By Stomach Cancer: Advanced Or Metastatic Gastric Cancer, Esophagogastric Junction Cancer
6) By Urothelial Carcinoma: Advanced Or Metastatic Urothelial Carcinoma, Muscle-Invasive Bladder Cancer
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What Are the Primary Drivers Shaping the Keytruda Market?
The increasing prevalence of cancer is expected to drive the growth of the Keytruda market. Cancer involves the abnormal growth and spread of cells and is influenced by genetic, lifestyle, environmental, and hormonal factors. Keytruda (pembrolizumab) is an immune checkpoint inhibitor used in cancer treatment, harnessing the body's immune system to fight cancer cells. This has provided new hope for patients with advanced cancers. In January 2024, the American Cancer Society reported 2,001,140 cancer cases in 2024, a 2.19% increase from 1,958,310 cases in 2023. The increasing prevalence of cancer is thus driving the Keytruda market.
Which Companies Are Leading in the Keytruda Market?
Major companies operating in the keytruda market are Pfizer Inc., Johnson & Johnson Services Inc., Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A., Novartis AG, AstraZeneca PLC, Bristol-Myers Squibb Company, Eli Lilly and Company, Amgen Inc., Gilead Sciences Inc., Teva Pharmaceutical Industries Ltd., Biogen Inc., Chugai Pharmaceutical Co. Ltd., BioNTech AG, Organon Co., Ono Pharmaceutical Co. Ltd., Samsung Bioepis Co. Ltd., Fate Therapeutics Inc., Merck Sharp & Dohme Corp., KinBio, Schering-Plough AB, LGM Pharma LLC, Gritstone Bio Inc.
What Trends Are Expected to Dominate the Keytruda Market in the Next 5 Years?
Key players in the Keytruda market, such as Merck, are creating innovative products like pembrolizumab, boosting the availability of treatment choices. Pembrolizumab is a type of drug classified as immune checkpoint inhibitors and is a monoclonal antibody medicine. The brand name under which it is marketed is Keytruda. It functions by targeting and obstructing the PD-1 (programmed cell death protein 1) protein on immune cells termed T cells. For instance, in November 2023, Merck, a US-based Keytruda manufacturer, introduced KEYTRUDA (pembrolizumab) used in combination with a fluoropyrimidine- and platinum-based chemotherapy, which gained approval from the Food and Drug Administration, an agency of the US government. This combination has exhibited considerable enhancements in both overall survival and progression-free survival rates compared to single-use chemotherapy, making it a significant step forward in gastric cancer treatment. Throughout clinical trials, this combined therapy has shown improvements in overall survival (OS), progression-free survival (PFS), and overall response rate (ORR) than using chemotherapy as a solitary treatment.
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What Are the Top Revenue-Generating Geographies in the Keytruda Market?
North America was the largest region in the keytruda market in 2023. The regions covered in the keytruda market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Keytruda Market?
2. What is the CAGR expected in the Keytruda Market?
3. What Are the Key Innovations Transforming the Keytruda Industry?
4. Which Region Is Leading the Keytruda Market?
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