Healthcare Medical Devices Biotechnology

PD-1 and PD-L1 Inhibitors Market is expected to reach USD 167.97 billion by 2030

Aug 2023

Healthcare Medical Devices Biotechnology

As per the report published by Kings Research, the global PD-1 and PD-L1 Inhibitors Market was valued at USD 38.20 billion in 2022 and is projected to reach USD 167.97 billion by 2030, growing at a CAGR of 20.77% from 2023 to 2030.

The global market for PD-1 and PD-L1 inhibitors has been observed to gain attention in recent years owing to the prevalence and rise in the number of cancer patients globally. PD-1 and PD-L1 proteins play a crucial role in curing diseases. Despite their promising curative effects, the clinical application of PD-1/PD-L1 monoclonal antibodies is limited by substantial immune-related adverse reactions. These adverse reactions are a significant concern, and their potential impact on patient outcomes must be carefully considered and managed in the context of the overall benefit offered by these medications.

Key Insights

  • Based on the inhibitor type, the PD-1 segment held the largest market share accounting for 85.77% in 2022.
  • Based on applications, the non-small cell lung cancer segment generated the highest revenue attributing USD 13.41 billion in 2022
  • On the basis of region, North America accounted largest market share in 2022 accounting for 38.22% of total revenues

Collaboration between Sanofi and Innovent Biologics for Development of Oncology Medicines

August 2022 - Collaboratively, Innovent Biologics and Sanofi took strategic steps towards the acceleration of oncology medicine development and an expansion of their market presence in China. In the collaboration, Sanofi and Innovent Biologics planned to invest approximately USD 300 million for the collaboration.

Acquisition of Kedalion Therapeutics by Novartis for Product Innovation

June 2022 - Novartis announced the acquisition of Kedalion Therapeutics, a deal aimed at enhancing its drug delivery platform with a focus on ophthalmology. The company's cutting-edge technology is positioned to transform the patient experience in terms of ocular treatment, and the acquisition sends a clear signal of intent toward Novartis's commitment to innovation within the field. Through continued investment in advanced delivery mechanisms, Novartis hopes to enhance the efficacy and convenience of ocular treatments, revolutionizing the way patients receive care in the process.

Advancements in R&D to Offer Opportunities and Attract Investments

The increasing investment in research and development aimed at advancing the clinical application of protein inhibitors, combined with ongoing clinical trials and promising results, has been observed to create numerous opportunities in the market. Additionally, the focus on combination therapy and personalized medicine is likely to generate significant demand and fuel market growth. The potential for expanded use of these inhibitors in a variety of cancers and is also likely to create new opportunities for the market.

Developments in Healthcare Infrastructure and Pharmaceuticals to Drive the Market Growth

The developments in the healthcare industry are estimated to augment the market growth, due to increased healthcare expenditure, expanded government initiatives to fight cancer, and heightened public awareness of the disease. As a result of rising healthcare expenditures, more funds are being directed toward the research and development of cancer therapies, which support the advancement of new treatments and technologies. Moreover, governments are continuing to increase their efforts to improve cancer treatment options and overall care by providing funding for cancer research and development, as well as making improvements in areas such as drug access, research grants, and patient support. This is expected to stimulate growth and expansion within the industry. Furthermore, increasing public awareness of cancer detection and treatment has increased the demand for PD-1 and PD-L1 inhibitors, indicating potential future growth within the market.

Adoption of Cutting-Edge Technology and Presence of Key Players to Drive growth in North America and Europe

North America and Europe accounted for the two largest regional shares, respectively, in 2022. North America accounted for 38.22% of the global share, while Europe accounted for 30.08%, together accounting for more than 68%. The presence of top market players and the availability of the latest technology for R&D are a few of the factors driving the market, along with the increasing number of cancers and other chronic diseases. Germany and the U.K. are the prominent countries contributing significantly. Europe is anticipated to observe a steady growth rate of 19.30% throughout the forecast period.

Development of the Healthcare Industry to Propel the Market in Asia-Pacific

Based on estimations, the Asia Pacific region is expected to achieve a market value of USD 50.91 billion by the year 2030, with an anticipated growth rate of 23.69% from 2023 to 2030. The region is projected to account for the second-largest share of the market in terms of value and revenue by 2030. This strong growth is being driven primarily by the developing healthcare and pharmaceutical industry in the region. China and India are expected to experience particularly high growth rates, at 26.40% and 23.80%, respectively during 2023 - 2030.

Collaborative Deals Struck Among Major Industry Players

The market is fragmented with key players such as Merck & Co., Inc., F. Hoffmann-La Roche Ltd, AstraZeneca, Jiangsu Hengrui Pharmaceuticals Co., Ltd., Innovent, Novartis AG, Sanofi, BeiGene LTD., Lilly, Bristol Myers Squibb (BMS). and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

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