Atezolizumab Market Growth Accelerated by Rising Adoption of Targeted Therapies
Atezolizumab is a monoclonal antibody used for treating
various types of cancers including urothelial carcinoma, non-small cell lung
cancer, and triple-negative breast cancer. It works by blocking the interaction
between PD-L1 protein found on tumor cells and PD-1 protein found on T-cells,
thereby helping the immune system attack the cancer cells.
The global Atezolizumab Market is estimated to be valued at
US$ 308 million in 2023 and is expected to exhibit a CAGR of 3.0% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The rising adoption of targeted therapies for cancer treatment is one of the
major factors accelerating the growth of the Atezolizumab
Market. Atezolizumab specifically targets the PD-L1/PD-1 pathway and
provides an effective treatment option with fewer side effects compared to
chemotherapy. It has shown promising results in clinical trials for various
cancer types. Its targeted mechanism of action helps strengthen the immune
response against cancer cells. With increasing awareness about immunotherapy
and its advantages, the demand for more targeted drugs like Atezolizumab is
expected to surge significantly over the forecast period.
Segment
Analysis
The global atezolizumab market is dominated by late-stage NSCLC segment which
accounted for over 60% market share in 2023. This is owing to high prevalence
of non-small cell lung cancer across the globe. Atezolizumab is one of the
preferred treatment options for late-stage NSCLC patients. The drug shows
survival benefits in second line treatment of late-stage NSCLC patients. In
addition, increasing success rates of combination therapies with atezolizumab
for late-stage NSCLC is expected to drive further growth of this segment during
forecast period.
Key Takeaways
The global Atezolizumab market is expected to witness
high growth.
Regional analysis: North America region currently dominates the atezolizumab
market owing to high adoption of premium-priced targeted therapies and
availability of favorable reimbursement policies in countries like United
States. North America accounted for over 40% of global atezolizumab market
share in 2023. Asia Pacific region is expected to witness highest growth during
forecast period with CAGR of around 4%, due to increasing cancer incidence,
improving access to cancer therapies and rising healthcare spending in
countries like China and India.
Key players: Key players operating in the atezolizumab market are Mycovia
Pharmaceuticals, Inc., Scynexis, Inc., Basilea Pharmaceutica Ltd., Astellas
Pharma Inc., Grupo Ferrer Internacional, S.A., Pacgen Life Science Corporation,
NovaDigm Therapeutics, Inc., Cidara Therapeutics, Inc., Amplyx Pharmaceuticals
Inc., and Pfizer, Inc. Among them, Roche and its subsidiary Genentech dominate
the market with over 50% share as atezolizumab was developed by them and
marketed under trade name Tecentriq.
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