According to the report “Europe Melanoma Therapeutics Market,” published by Market Data Forecast, the global market is projected to reach USD 1.13 billion by 2021, at a CAGR of 16.20% from 2016 to 2021.
Melanoma is a highly heterogeneous disease comprising Cutaneous Melanoma (CM), Ocular Melanoma (OM), Mucosal Melanoma (MM), melanoma of the internal organs, and, according to some classifications, melanoma of the soft parts (non-bony and non-cartilaginous tissues) of the body.
Melanoma denotes to the type of skin cancer which forms from the pigment-consisting cells in the skin. The elevated demand of innovative early stage and advanced melanoma treatments along with a thriving patient base, has generated an imminent need for improved therapies in the melanoma market. Even though, a plethora of treatment choices are accessible today, various immunotherapies and combination therapies are anticipated to arrive in the market.
Melanoma is a type of cancer that originates in the melanocytes, which are responsible for producing melanin, a pigment necessary for coloration of the skin, eyes and hair. In humans, melanocytes are found in adipose tissue and in the eyes, hair, inner ears and meninges. They are also found in the basal layer of the epidermis in the skin and in some internal organs, including the heart and the mucosal membranes that line the gastrointestinal, respiratory and urogenital tracts (Colombo et al., 2011; Mihajlovic et al., 2012; Tolleson, 2005)
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Europe Melanoma Therapeutics Market: Drivers & Restraints
Rise in Melanoma cases is one of the major driver for the Melanoma Therapeutics market in this region. Other factors such as high acceptance rate of therapeutics among patients, and government policies to provide better care for melanoma also drive the market in this region. However, high costs incurred due to treatment is one of the major factor hindering the growth of the market in this region..
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Europe Melanoma Therapeutics Market: Segmentation
By cancer stage
- Stage 0
- Stage I
- Stage II
- Stage III
- Stage IV
By cancer type
- Nodular melanoma
- Acral lentiginous melanoma
- Superficial spreading melanoma
- Lentigno maligna melanoma
- Amelanotic melanoma
- Blood Tests
- Sentinel lymph node biopsy
- CT Scan
- Early melanoma
- Advanced melanoma
- Biological therapy
- Targeted therapy
- Immune therapy
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Europe Melanoma Therapeutics Market: Overview
The melanoma market has seen an unparalleled boost in market size, owing to a vigorously developing nature of melanoma treatments over the recent past. X-rays leads the Melanoma Therapeutics market under the diagnosis segment, whereas chemotherapy leads the market under the treatment segment. The market for melanoma diagnostics and therapeutics is increasing at a significant rate due to an increase in the prevalence of melanoma and improvement in healthcare facilities.
Since past few years, the advanced CM therapeutics market has become highly competitive due to the emergence of revolutionary immune checkpoint inhibitors Yervoy, Opdivo, and Keytruda, as well as targeted therapies Zelboraf, Tafinlar, and Mekinist, the latter of which are only indicated for patients with mutated serine-threonine kinase BRAF (BRAF). Yervoy and Zelboraf were the first-to-market agents in the immune checkpoint and targeted therapy drug classes, respectively, and have achieved strong sales revenues since their emergence.
Europe Melanoma Therapeutics Market: Region-wise Outlook
The Europe Melanoma Therapeutics market has been geographically segmented into Germany, U.K, France, Spain, and Italy. The Europe Melanoma Therapeutics market is the third largest market with a global share of 24%. UK is the largest market share holder for the Melanoma Therapeutics market in this region, followed by Germany and France.
.Key Questions Answered
- What is the current and future Europe Melanoma Therapeutics Market outlook Europe? What trends are affecting the Europe market?
- What is the competitive landscape and market share of major players in the Melanoma Therapeutics space in Europe?
- What are the key, high growth markets that Melanoma Therapeutics manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Melanoma Therapeutics currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Melanoma Therapeutics?
- What are the challenges and barriers that have hindered widespread adoption of Melanoma Therapeutics?
Europe Melanoma Therapeutics Market: Key Players
The major companies dominating the market in this region are Bristol-Myers Squibb Co., Merck and Co., F. Hoffmann-La Roche, Amgen Inc., Celgene Corp, Daiichi Sankyo, and Pfizer Inc.
Reasons to buy Europe Melanoma Therapeutics Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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