Medical and Health

Asia-Pacific Melanoma Therapeutics Market to be growing at a CAGR of $1.24 billion by 2021


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Asia-Pacific Melanoma Therapeutics Market was worth $0.58 billion in 2016 and estimated to be growing at a CAGR of 16.40%, to reach $1.24 billion by 2021. The melanoma market has seen an unparalleled boost in market size, owing to a vigorously developing nature of melanoma treatments over the recent past.

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. Large acceptance of these new treatments is projected due to their enhanced survival benefits and negligible side effects.

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The growth of the Asia-Pacific Melanoma Therapeutics market is mainly due to factors such as rise in number of melanoma cases, and growing awareness towards it. However, volatile economies and poor accessibility of proper cancer care in this part of the world are the key factors hindering the growth of the market in this region.

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The Asia-Pacific Melanoma Therapeutics market is segmented based on cancer stage, cancer type, diagnosis, and treatment. The market for Melanoma Therapeutics, on the basis of cancer stage is segmented into Stage 0, Stage I, Stage II, Stage III, Stage IV. On the basis of cancer type, the Melanoma Therapeutics market is segmented into Nodular melanoma, Acral lentiginous melanoma, Superficial spreading melanoma, Lentigno maligna melanoma, Amelanotic melanoma, and Others. On the basis of diagnosis, the Melanoma Therapeutics market is segmented into Ultrasound, Blood Tests, Dermatoscopy, Sentinel lymph node biopsy, X-rays, CT Scan. On the basis of treatment, the Melanoma Therapeutics market is segmented into early melanoma and advanced melanoma. Advanced melanoma is further sub-segmented into Biological therapy, Targeted therapy, Surgery, Chemotherapy, Radiotherapy, Immune therapy. X-rays leads the Melanoma Therapeutics market under the diagnosis segment, whereas chemotherapy leads the market under the treatment segment.

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The Asia-Pacific Melanoma Therapeutics market is geographically segmented into China, India, Japan, South Korea, and Australia. The Asia-Pacific Melanoma Therapeutics market is projected to grow at the highest CAGR during the forecast period due to reasons such as large population base and rising prevalence of melanoma. China is the largest market for Melanoma Therapeutics in this region followed by India.

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.

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.