Dry Age-Related Macular Degeneration Market Size, Insights, Application & Growth Drivers

Dry Age-Related Macular Degeneration Market

The dry age-related macular degeneration AMD market size is expected to cross USD 17.92 Billion by 2032 at a CAGR of 8.2% during the forecast period. This degenerative eye disease is caused by the thinning of the macula and interferes with a clear vision in the elderly. The macula is part of the retina that facilitates clear vision; when this part of the eye deteriorates, it causes blurred or distorted vision. But this does not mean that the individual will lose his or her sight, only the central vision is affected by this degenerative disease, and the peripheral vision remains intact. Vision loss is slow and can be corrected using innovative ocular treatments. It has been estimated that the Dry Age-Related Macular Degeneration Market has seen a jump due to increased research in drugs, rising amount of COVID-19 cases among the old and age-restricted chronic diseases.

Key Players

List of Dry Age-Related Macular Degeneration Market Players Covered in this report:

Santen Pharmaceuticals Inc. (Japan),

Allergan plc (Ireland),

Bausch Health (Canada),

Alimera Science Inc. (US),

Phio Pharmaceuticals Corp (US),

Ocumension Therapeutics Co. Ltd (China),

Belite Bio Inc. (US),

Kubota Vision Inc. (US),

Iveric Bio (US),

Eyestem Research Pvt Ltd (India),

Yuyang DNU Co., Ltd (South Korea),

Stealth Biotherapeutics Inc. (US)

Segment Analysis

The global Dry Age-Related Macular Degeneration Market Insights has been divided based on stages, age group, route of administration, diagnosis& treatment, and end user.

The market, based on stages, has been segregated into early age-related macular degeneration, intermediate age-related macular degeneration, and late age-related macular degeneration.

Based on age group, the dry AMD market has been divided into above 75 years, above 60 years, and above 40 years.

Based on diagnosis & treatment, the dry AMD market has been divided into treatment and diagnosis.

Treatment type is further bifurcated into nutrition therapy and telescopic lens implant. Nutrition therapy is again divided into antioxidants and others. Antioxidants areal so segregated as vitamins, zinc, copper, omega-3 fatty acids, and others.

Diagnosis is bifurcated into fluorescein angiogram, preliminary test, optical coherence tomography, and others.

Based on route of administration, the market is bifurcated into oral, intravitreal, and others.

On the basis of end user, the market is bifurcated into hospitals and clinics, diagnostic centers, academic research institutes, and others

Dry Age-Related Macular Degeneration Market Share

It has been reported by the American Academy of Ophthalmology that about 11 million people over the age of fifty experience blindness as a result of AMD. Hence making it a supple market for AMD related treatments. Obesity-related macular degeneration is also on the rise in North America, along with high blood pressure from an erratic lifestyle.

Advances in research and development in Europe and Asia-Pacific have enabled more patients to see more clearly. The African continent, particularly the Sahara subcontinent, has experienced a significant increase in dry age-related macular degeneration due to lack of vitamin A and poor dietary standards. Thus making this region the key player for pharmaceutical companies to invest in.

The key companies that are invested into creating feasible solutions for AMD are Pfizer, Bayer AG, Regenron Pharmaceutical Inc., GlaxoSmithKline plc, and Novartis AG.

Dry Age-Related Macular Degeneration Market Growth

The Dry Age-Related Macular Degeneration Market Outlook is led by dry and wet drug solutions that treat this degenerative disease. Wet age-related AMD will soon see a jump of 95% in the year 2022. After the impact of COVID-19, it has been observed that wet macular degeneration has affected most of the ageing population. In this type, there is an atypical growth of blood vessels beneath the retina, causing it to bleed create vision obstruction. Developed countries have introduced intraocular anti-VEGF injections for patients suffering from wet AMD, thus increasing treatment capacity globally.

In recent years, Stargardt disease, a genetically inherited retinal disorder that has become dominant among the younger population, has given impetus for research towards macular degeneration drugs.

Lucentis, Avastin, Eylea and Visudyne are some of the prominent drugs available in the market to treat dry age-related macular degeneration. The Lucentis market has grown rapidly in developed countries since the government introduced healthcare benefits for the elderly through affordable treatments.

Dry Age-Related Macular Degeneration Market Value

It has been noted that off-label drugs are getting more popular due to their affordability than on-label drugs to treat AMD. An off-label drug like Avastin is sold rapidly in the market for patients who can get treated within their income budget.

On a case-by-case basis, the market is segmented into intravenous and intravitreous. It is said that the intravitreal segment dominates the market because it is most effective because of the targeted distribution of drugs. Furthermore, the majority of anti-VEGF injections are given intravitreally or intraocular.

Industry News

Recent data released by the World Bank statistics indicate that the older generation living above 65% is rising. They represent approximately 8.873% of the population, indicating that patients with AMD will increase due to chronic diseases and diseases.

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Central Nervous System Biomarkers Market Size, Trends, Growth, and Forecast by 2030

Market Overview

The Central Nervous System Biomarkers Market Size is expected to record a CAGR of ~12.8% during the forecast period 2022-2030. The Central Nervous System (CNS) biomarkers support new drug discovery and development, further helping indecision-making regarding drug treatment and its effectiveness. Moreover, biomarkers also help in the understanding of the disease mechanism and improve the quality of patient care. The major factors driving the CNS biomarkers market include new technological advancements and their increased use in the diagnosis of neurodegenerative diseases. Moreover, an increase in R&D for new CNS biomarkers and successful clinical trials further contribute to the central nervous system biomarkers market growth.

Competitive Dynamics

The global CNS biomarkers market players are

Thermo Fisher Scientific (US),

Merck & Co. (US),

AbaStarMDx Inc. (US),

Abiant, Inc. (US),

Avacta Group plc (UK),

Diagenic Asa (Norway),

Banyan Biomarkers (US),

Avid Radiopharmaceuticals Inc. (US), and

Acumen Pharmaceuticals Inc. (US)

Among others.

Segmental Analysis

The global market for CNS biomarkers has been divided into three categories: type, application, and end user.

·         The market has been divided into types such as safety biomarker, efficacy biomarker, validation biomarker, and others.

·         based on application: The global CNS biomarkers market has been divided into three categories drug discovery and development, personalised medicine, and others.

·         based on end user: The CNS biomarkers market is divided into diagnostic labs, hospitals & clinics, and research centres.

Market Dynamics

New technology breakthroughs and their rising application in the diagnosis of neurodegenerative illnesses are two important reasons driving the CNS biomarkers market. Furthermore, increased R&D for new CNS biomarkers as well as successful clinical studies contribute to the growth of the central nervous system biomarkers market. Identifying new biomarkers will make it easier to look for new diagnostic and prognostic signs that might be used to track the efficacy of a new medication or provide a new disease treatment target. High throughput scanning of the human genome and its encoded proteins, for example, has enabled systematic analysis of human disease. These technologies are proven to be a more effective way of discovering the biological foundation of genetically complex neurological diseases.

Regional Overview

Increasing CNS cancer cases and R&D spending are expected to boost central nervous system biomarkers market growth in this region over the forecast period. Furthermore, businesses and research institutes are continually inventing and developing new technologies and biomarkers, which is aided by the presence of major competitors in the region as well as increased R&D spending. As a result of these factors, North America is likely to dominate the central nervous system biomarkers market for the foreseeable future.

The central nervous system biomarkers market insights in Europe is being driven by an increase in demand for personalized/precision medicine and the increased prevalence of neurological illnesses in the region. The European regulatory network is helping to promote personalised treatment for CNS illnesses such pharmacogenomics, biomarkers, companion diagnostics, and uncommon diseases, as well as innovative techniques and clinical trial designs.

Due to factors such as a huge consumer base, high prevalence of CNS illnesses, and improved healthcare infrastructure, the Asia-Pacific region is expected to be the fastest-growing regional market over the projection period. Furthermore, enhancing research capacity and strengthening healthcare infrastructure will aid in the development of novel CNS biomarkers.

The Middle East, Africa, and Latin America are included in the rest of the world. These areas are also seeing an increase in neurological illnesses, which is fueling the market for central nervous system biomarkers.

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Hemifacial Spasm Market Size is forecasted to grow by 2030

Market overview

According to a report published by Market Research Future (MRFR), the global hemifacial spasm market size is projected to reach USD 3170 million by 2030 at a CAGR of 5.4% over the forecast period of 2022 to 2030.

Hemifacial spasm is a painless neurological disorder consisting of persistent or fleeting involuntary contractions or twitches of the muscles innervated by the touching of a blood vessel to a facial nerve, or due to a facial nerve injury, or in severe cases, a tumor.

The influential factors driving the growth of the global hemifacial spasm market is the improvement of the healthcare sector globally, owing to the developing economic conditions, government efforts such as favorable regulations and expenditure towards research and development for providing better healthcare facilities, and the growing awareness among consumers regarding healthcare.

Additionally, technological advancements in medical science have risen the chances of treatment for almost all disorders.

On the other hand, challenges faced by the global hemifacial spasm market are the cost of treatment, side effects of the botulinum toxin which is used during treatment, and the presence of counterfeit drugs or treatment methods.

Key Players

global hemifacial spasm market players are US WorldMeds (U.S.), Abbott (U.S.), Cephalon Inc. (U.S.), Shire plc (U.S.), Stryker (U.S.), Sunovion Pharmaceuticals, Inc. (U.S.), Pfizer (U.S.), Revance Therapeutics, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Valeant Pharmaceuticals International, Inc., (Canada), GlaxoSmithKline plc (UK), Merz Pharma GmbH and Co. KGaA (Germany), Sanofi S.A (France), UCB S.A. (Belgium), Ipsen Group (France), Novartis AG (Switzerland), Allergan, Inc. (Ireland), Roche (Switzerland), Medytox,Inc. (South Korea), and LLC. (UAE).

Segmental Analysis

The global hemifacial spasm market is segmented on the basis of diagnosis, treatment, end user, and region.

Based on the diagnosis, the market has been segmented into magnetic resonance imaging (MRI), angiography (arteriography), computed tomography (CT or CAT scan), and others.

Based on treatment, the hemifacial spasm market has been segmented into medical treatment, surgical treatment, physical therapy, combinational therapy, transcutaneous electric nerve stimulation (TENS) therapy, and others. The medical treatment segment has been sub-segmented into Botulinum Neurotoxin (BoNT) injections, and pharmaceuticals.  The surgical treatment is sub-segmented into microvascular decompression (MVD), and others.

Based on end-users, the market for hemifacial spasm has been segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies, and others.

Based on regions, the market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East And Africa.

Regional Analysis

The Americas are the largest regional market for hemifacial spasms and are assessed to account for the leading market share over the forecast period. North America is the hub for technological advancements, and the governments provide favorable regulations and expenditure towards the development of the healthcare sector, consequently driving the growth of the hemifacial spasm market in the region.

Europe has the second highest market share and is estimated to be a lucrative region over the forecast period for the hemifacial spasm market due to the investments made by the governments towards research and development for healthcare and improving reimbursement policies, and the presence of significant market players.

The Asia Pacific has been accounted for the fastest growing region in the global hemifacial spasm market and has been estimated to witness substantial growth over the forecast period, owing to the rise in the patient population, and the development of healthcare sector across emerging economies such as China, India and Japan.

The middle east and Africa is an emerging region in the global hemifacial spasm market and is expected to showcase slow, gradual growth over the forecast period.

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Arthroscopy Instruments Market Size, Strategies & Key Players Review by Forecast to 2032

Arthroscopy Instruments Market Outlook

The Arthroscopy Instruments Market Size is expected to reach USD 6.42 Billion by 2032 at 6.2% CAGR during the forecast period 2023-2032.

Arthroscope is a trusted and well-developed form of surgery used by numerous surgeons and physicians throughout the world. This system has a camera, a fiber optic light, a small lens, and a monitor that is inserted into the patient's bones to inspect and treat the damaged region. This technique is usually used to treat injuries to the knee, back, elbows, knees, wrists, and ankles.

Key Players

Some of major the Arthroscopy Instruments Market Players include are

Conmed (U.S.),

Smith & Nephew (U.K.),

Medtronic, Inc. (U.S.),

Arthex (U.S.),

DePuy Synthes (U.S.),

Stryker (U.S.),

Zimmer Biomet (U.S.),

B. Braun (Germany),

Karl Storz (Germany),

Olympus (Japan),

Richard Wolf (Germany),

Medicon (Germany),

Sklar (U.S.),

GPC Medical (India),

Millennium (U.S.), and others.

Segmentation

The global Arthroscopy Instruments Market Research segmented on the basis of product, application, and end-user.

·         Based on the product, the market is divided into arthroscopes, arthroscopic implants, fluid management systems, visualization systems, radiofrequency systems, power shavers, and others. In addition, arthroscopic implants are segmented as knee implants, hip implants, shoulder implants, and others. Radiofrequency systems are further segmented as RF probes, RF generators, and wands and footswitches.

·         On the basis of application, the market for arthroscopy instrument is divided into knee arthroscopy, hip arthroscopy, foot and ankle arthroscopy, spine arthroscopy, shoulder arthroscopy, and others (wrist and hand arthroscopy).

·         On the basis of end-user, the market for arthroscopy instrument is segmented into hospitals, ambulatory surgical centres, and others.

Market Dynamics

A variety of factors, such as growing preference for minimally invasive procedures, increasing technological advancements, and improving the regulatory environment, are fuelling the growth of the global market for arthroscopy instruments. In addition, the rise in the incidence of sport-related musculoskeletal disorders, such as a bone tumor, rheumatoid arthritis, and osteoarthritis, is driving the development of this sector. The World Health Organization estimates that the prevalence of rheumatoid arthritis is between 0.3% to 1% and is more severe in women and developed countries. In addition, the projection also indicates that 9.6% of men and 18.0% of women over 60 years of age have osteoarthritis.

Despite these factors, the rising cost of arthroscopy instruments, the challenges of reimbursement in the medical device industry, and the weak healthcare system in low and middle-income countries may hinder the market growth. As stated in National Center for Health Statistics in the United States, nearly 650,000 arthroscopic lavage and debridement procedures are conducted annually for knee pain at an average cost of USD 5,000 each.

Regional Analysis

Geographically, the global Arthroscopy Instruments Market Report has been segmented into the Americas, Europe, the Asia Pacific, and the Middle East and Africa.

The Americas dominates the global market for arthroscopy instruments due to the presence of significant players in the industry, the high rate of adoption of minimally invasive devices and the rising incidence of joint-related diseases are boosting the market growth in this area. However, according to the American Orthopedic Society for Sports Medicine in the United States, an estimated 4 million individuals undergo knee arthroscopies, although the number of patients undergoing shoulder arthroscopies is 1.4 million each year. In addition, growing cases of arthroscopic surgery, along with rising health awareness, are driving the growth of the demand for arthroscopic instruments.

Europe is the second-largest arthroscopic instrument market in the world. Government support for research and development spending and increasing prevalence of bone disorders is expected to drive the European market. In fact, according to Arthritis Research U.K., around 10 million people had a form of arthritis in the U.K. in 2016. In addition, it has been projected that over 86,000 hip replacements and over 90,000 knee replacements take place every year.

The Asia Pacific is the fastest-growing region in the global market for instruments for arthroscopy due to a vast patient pool, rising demand for minimally invasive surgeries, and the advancement of healthcare technology. According to Osteoporosis Australia, about 4.74 million Australians over the age of 50 suffer from either poor bone health or osteoporosis, which further fuel the need for arthroscopy surgery. Healthcare spending has been increased in different regions of the Asia Pacific. Moreover, the availability of qualified physicians and nurse practitioners and the low cost of surgery have fuelled medical tourism in India. Most main players are expanding their business in emerging economies in the Asia Pacific region.

The Middle East & Africa has the lowest market share in the world due to low growth, lack of technical expertise, and weak medical facilities.

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Opioid Withdrawal Treatment Market Players, Business Development, Share, Upcoming Trends by 2032

The global Opioid Withdrawal Treatments Market Size will rise to USD 3.16 billion by the end of the year 2032. The market valuation will grow at the CAGR rate of 10.1% over the upcoming period.  The global opioid withdrawal treatment market is mainly driven by the growing opioid epidemic in North America and Europe and the increasing awareness about various treatments that can be taken to reduce opioid withdrawal symptoms. The high alertness in the U.S. and Europe with regard to the overuse of prescribed opioid drugs is likely to remain a major driver for the opioid withdrawal treatment market over the forecast period. The growing healthcare industry and the growing prescription of opioid drugs in these regions is likely to remain a key driver for the opioid withdrawal treatment market over the forecast period.

Opioids are usually prescribed for pain management and have become a widely popular class of medications due to the absence of synthetic classes of drugs to perform the same task. Usually, the healthcare industry uses a natural compound as a platform for further variations and comes up with synthetic drug formulations. However, the industry has been unable to do that with regard to opioid drugs, as mimicking the analgesic effects of natural opioids has proved too difficult. This has driven prescription figures for opioids and is likely to remain a major driver for the opioid withdrawal treatment market over the forecast period.

Competitive Analysis:

Leading Opioid Withdrawal Treatments Market Players include

Bayer AG,

F. Hoffman-La Roche Ltd.,

Johnson & Johnson Services,

Sanofi,

Novartis,

Pfizer Inc.,

Teva Pharmaceutical Industries Ltd., and

Merck & Co.

Segmentation:

The global Opioid Withdrawal Treatments Market Insights has been segmented on the basis of drug type, distribution channel, and region.

·         By drug type, the opioid withdrawal treatment market has been segmented into nonsteroidal anti-inflammatory drugs, anti-nausea medications, analgesics, natural sleep supplements, and others.

·         On the basis of distribution channel, the market has been segmented into hospital pharmacy, retail pharmacies, and online stores.

Regional Analysis:

The Americas is likely to remain the leading regional Opioid Withdrawal Treatments Market Outlook over the forecast period due to the growing demand for opioid withdrawal treatments in the region. According to the CDC, two thirds of the deaths attributed to drug overdoses in the U.S. in 2016 involved an opioid. This is the major driver for the opioid withdrawal treatment market in North America, as the increasing awareness about the involvement of opioids in drug overdose cases is likely to be a major driver for the opioid withdrawal treatment market over the forecast period. Increasing awareness about NSAIDs and analgesics is likely to be a major driver for the Americas market for opioid withdrawal treatment market in the Americas over the forecast period.

Increasing development of other pain management medications in North America is also likely to be a major driver for the opioid withdrawal treatment market in North America over the forecast period. The major growth driver for the opioid withdrawal treatment market has been the absence of other classes of pain medications to deal with the pain problem without using opioids. Mankind’s dependence on opioids has thus resulted in a growing demand for the development of other pain medication classes, which can deliver comparable relief without using opiates. North America is likely to be a major center for the development of these drugs in the coming years, leading to a growing demand from the opioid withdrawal treatment market over the forecast period.

Europe accounts for the second largest market for opioid withdrawal treatments and is likely to retain a considerable share in the global opioid withdrawal treatment market over the forecast period.

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Amyotrophic Lateral Sclerosis Market Size By Application, By End Use, And Segment Forecasts 2022 - 2030

Market Analysis

The amyotrophic lateral sclerosis market Size was valued at USD 0.75 billion in 2022. The Amyotrophic Lateral Sclerosis market industry is projected to grow from USD 0.79 Billion in 2023 to USD 1.13 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2023 - 2030).

ALS or Amyotrophic Lateral Sclerosis is a neurological ailment which affects the nerve cells in the spinal cord and the brain that controls the voluntary muscles’ activities. Some of the common symptoms of ALS include cramps, muscle weakness, respiratory problems, and fasciculation. This is a progressive neurological disease where gradually patients become dependent on physicians and caregivers increasingly. Often ALS results in respiratory failure as the patient loses the ability of

There are many factors that are driving the growth of the amyotrophic lateral sclerosis market. Some of these factors as per the Market Research Future (MRFR) report include rising incidences of ALS, increase in awareness among patients, increase in geriatric population, FDA approvals and initiatives taken by the government on R&D activities. On the other hand, factors such as low treatment availability and high treatment cost may hinder the growth of the amyotrophic lateral sclerosis market.

Key Players

The amyotrophic lateral sclerosis market players include

·         Sun Pharmaceutical (India),

·         Sanofi (France),

·         Mylan N.V. (USA),

·         Mitsubishi Tanabe Pharma America (USA),

·         ITF Pharma (USA),

·         Ionis Pharmaceutical (USA),

·         Covis Pharma (Switzerland),

·         Biogen (USA),

·         Ascend Pharmaceuticals LLC (USA) and

·         Apotex Inc. (Canada).

Market Segmentation

As per the MRFR report, the amyotrophic lateral sclerosis market is segmented into type, treatment, and end user.

·         Based on type, it is segmented into sporadic ALS and familial ALS. Of these, the sporadic ALS segment will dominate the market during the forecast period.

·         Based on treatment, the amyotrophic lateral sclerosis market is segmented into speech therapy, respiratory therapy, physical therapy, medication, and others.

·         Based on end-users, it is segmented into specialty centers, research and academic institutes, hospitals and others. Of these, the hospital segment will have the highest growth during the forecast period.

Regional Analysis

Based on region, the amyotrophic lateral sclerosis market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, North America will lead the market during the forecast period owing to support from the government for R&D, rising pool of awareness, the existence of many leading market players, increasing incidence of hypertension, and advanced medical facilities. Canada and the USA are the largest contributors in this region. Europe will have the second largest share in the amyotrophic lateral sclerosis market during the forecast period. The UK, Germany, and France will be the largest contributors in this region. In the APAC region, the amyotrophic lateral sclerosis market is anticipated to grow rapidly owing to the rapidly expanding healthcare infrastructure, increasing the incidence of ALS, the presence of the growing economies mainly India and China, and increasing setups of R&D centers. South Korea, Japan, and Australia are the other vital country-specific markets here. On the other hand, the amyotrophic lateral sclerosis market in the Middle East and Africa will have the smallest share owing to poor countries, inadequate healthcare facilities, lack of education, medical facilities having low standard, lack of awareness and lack of advanced and innovative medical facilities.

Feb 2019- Leading technology transfer company, BGN Technologies has lately disclosed about a new AI (artificial intelligence) platform to monitor and predict the development of neurodegenerative diseases in order to identify markers both for improved drug development and personalized patient care. This technology will focus on ALS at an initial stage and later on will be adapted to other neurodegenerative diseases namely Alzheimer’s and Parkinson’s. The latest technology will predict disease progression more accurately, a key component for clinical trials along with better identifying the interrelationships amid demographics and many other measurable factors that are identified through patient functionality and physical examinations. It will allow researchers in creating a system which insurers, HMOs, pharmaceutical companies, caregivers, physicians, and patients can use on mobile applications and desktop for monitoring and predicting ALS progression.

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Americas Cancer Immunotherapy Market Share, Insights and Forecast to 2030

Market Highlights

The Americas Cancer Immunotherapy Market Share is expected to grow at USD 118274.96 Million by 2030 at an approximate CAGR of 13.80% during the forecast period 2022-2030. 

Cancer Immunotherapy is an advanced paradigm in cancer therapeutics. Cancer immunotherapy works by enhancing the patient’s immune system. This is generally accompanied by the administration of synthesized immune proteins. The most common therapeutic areas of cancer immunotherapy are inclusive of breast, prostate, lung cancer, and others. Increasing prevalence of the cancer is one of the major drivers for the market growth during the forecast period. Moreover, growing geriatric population and rising healthcare expenditure, increasing biotech and pharmaceutical sector boosts the market growth. However, lack of awareness and high cost for the services may restrain the market growth. 

Key Players

Some of the major Americas Cancer Immunotherapy Market Players in the market are

Amgen Inc. (U.S.),

 AstraZeneca (U.K),

F. Hoffmann-La Roche Ltd. (Switzerland),

Bayer AG (Germany),

Bristol-Myers Squibb Company (U.S.),

Eli Lilly and Company (U.S.),

Merck & Co., Inc. (U.S.),

Pfizer Inc. (U.S.),

Novartis AG (Switzerland), and others.

Segmentation

The Americas cancer immunotherapy market outlook is segmented on the basis of cancer, therapeutics, and end users.

·         On the basis of the cancer, the market is segmented into lung cancer, prostate cancer, colorectal cancer, head & neck cancer, and others.

·         On the basis of the therapeutics, the market is segmented into monoclonal antibodies, immune checkpoint inhibitors, vaccines, non-specific cancer immunotherapies and adjuvants, and others.

·         On the basis of the end users, the market is segmented into hospitals & clinics, academic institutes, research organization, and others.

Regional Analysis

On regional basis the Americas is divided into North America and Latin America. North America is sub segmented into U.S. and Canada. North America commands for the largest market. The large share is also attributed due to the technologically advanced healthcare market, high prevalence of cancer, increasing development in cancer immunotherapy treatment and rising per capita healthcare expenditure. According to the National Cancer Institute in 2016, an estimated 1,685,210 new cases of cancer were diagnosed in the U.S. and approximately 595,690 people died due to cancer within the region. This is projected to drive the healthcare expenditure for cancer. By 2020, approximately USD 156 billion will invested on the cancer therapeutics and diagnostics.

On the other hand, Latin America is the fastest growing region due to the presence of the developing economies within the region, rising healthcare expenditure along with the huge patient population. Moreover, the presence of huge opportunities within the region fuels the market growth during the forecast period. 

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