The 7 major Merkel cell carcinoma markets reached a value of US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 3.4 Billion by 2034, exhibiting a growth rate (CAGR) of 3.07% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 2.4 Billion |
Market Forecast in 2034
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US$ 3.4 Billion |
Market Growth Rate 2024-2034
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3.07% |
The Merkel cell carcinoma market has been comprehensively analyzed in IMARC's new report titled "Merkel Cell Carcinoma Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Merkel cell carcinoma is a rare, aggressive, and life-threatening type of cancer that develops in Merkel cells located in the skin's outer layer. The most common symptom of the ailment is the appearance of a painless, firm, shiny nodule on the skin that is usually red, pink, or purple in color. These nodules may be located anywhere on the body but are generally found on sun-exposed areas, such as the face, neck, arms, etc. Other symptoms of Merkel cell carcinoma may include itching, tenderness, pain in the affected area, bleeding from the nodule, etc. In some cases, the disease may also spread to nearby lymph nodes or other parts of the body, causing additional symptoms, such as pain, swelling, or a feeling of fullness in the affected area. Merkel cell carcinoma is often diagnosed using a physical examination, imaging tests, and a biopsy to identify any malignant cells present. In some cases, numerous additional tests, including imaging studies or blood tests, may be necessary to determine the extent of the cancer and whether it has progressed to other parts of the body.
The increasing prevalence of chronic lymphocytic leukemia, which weakens the immune system, is primarily driving the Merkel cell carcinoma market. Additionally, the rising incidences of several associated risk factors, including ultraviolet light exposure, immunosuppression, genetic mutations, etc., are also propelling the market growth. Moreover, the widespread adoption of immune checkpoint inhibitor (ICI) immunotherapy on account of its numerous associated benefits, such as lower risk of long-term tissue damage, potential for systemic anti-tumor activity, fewer side effects compared to other cancer treatments, etc., is further acting as a significant growth-inducing factor. Besides this, the increasing utilization of molecular testing for identifying specific genetic mutations and distinguishing Merkel cell carcinoma from other types of skin cancer during the diagnosis is also catalyzing the market growth. Furthermore, the escalating adoption of Mohs surgery for treating the ailment since it has a high cure rate and allows for the removal of the tumor while minimizing damage to surrounding healthy tissue is creating a positive outlook for the market. Apart from this, the emerging popularity of several innovative approaches to treatment, including surgical resection coupled with radiotherapy in patients who have failed other medications, is expected to drive the Merkel cell carcinoma market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the Merkel cell carcinoma market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for Merkel cell carcinoma and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the Merkel cell carcinoma market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current Merkel cell carcinoma marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Bavencio (Avelumab) | Merck KGaA |
Keytruda (Pembrolizumab) | Merck & Co |
XmAb 18087 | Xencor |
KRT-232 | Kartos Therapeutics |
ITI-3000 | Immunomic Therapeutics |
Retifanlimab | Incyte Corporation/Macrogenics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Merkel Cell Carcinoma: Current Treatment Scenario, Marketed Drugs and Emerging Therapies