2014-02-18 19:50:03 - Global Melanoma Therapeutics Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Melanoma Therapeutics market is to grow at a CAGR of 15.83 percent over the period 2012-2016. One of the key factors contributing to this market growth is the availability of new promising drugs in the pipeline. The Global Melanoma Therapeutics market has also been witnessing the increasing use of combination therapies for the treatment of melanoma. However, the availability of alternative treatment options could pose a challenge to the growth of this market.
A current trend witnessed in the Global Melanoma Therapeutics market is the use of combination therapies for the treatment of melanoma. At stage IV of melanoma, tumor cells spread from its origin site to distant sites. Thus, it cannot be cured with the help of one
single therapy alone. Cancer cells that are confined locally can be easily treated by surgery or radiation therapy, while cancer cells that have spread to distant sites can be killed by chemotherapy. Therefore, combination therapies help in the complete removal of tumors and the destruction of cancerous cells. For instance, chemotherapy combined with immunotherapy is the most promising therapy available for the treatment of metastatic melanoma. The combination is chosen according to the size of the tumor and the risk of recurrence.
One of the major drivers is the presence of new promising drugs in the pipeline. There were only three drugs in the market till 2011. With the launch of three new drugs in 2011, the market size increased considerably. Thus, with more drugs in the pipeline, the market will experience positive growth in the future.
The biggest challenge that the Global Melanoma Therapeutics market is facing is the availability of alternative treatment options other than drugs such as surgery and radiation therapy. These alternative treatments limit the consumption of drugs.
The key vendors dominating this market space are Bristol-Myers Squibb Co., Merck and Co. Inc., and F. Hoffmann-La Roche Ltd. The other vendors mentioned in the report are AB Science S.A., Amgen Inc., Celgene Corp., Daiichi Sankyo Co., Eisai Co. Ltd., GlaxoSmithKline plc, Pfizer Inc., and Vical Inc.
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