Merkel Cell Carcinoma Disease Treatment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Therapy (Chemotherapy, Immunotherapy, Surgical Excision, Radiation Therapy, Combination Therapy, Others), By Test Type (Computerized Axial Tomography Scan, Positron Emission Tomography Scan, Biopsy Test, Immunohistochemistry Test, Others), By End-Users (Hospitals, Homecare, Specialty Clinics And Surgical Centers, Others), And By Geography - Forecasts From 2022 To 2027

The Merkel cell carcinoma disease treatment market is projected to grow at a CAGR of 3.32% during the forecast period to reach US3.818 billion by 2027, from US$3.038 billion in 2020.

Merkel cell carcinoma (MCC) is a rare skin cancer that develops from malignant cells. After melanoma, Merkel cell carcinoma is the second most prevalent cause of skin cancer death. Merkel cell cancer is caused by a weakened immune system and excessive sun exposure.

One of the key factors driving the Merkel cell carcinoma disease treatment market during the forecast period is the rising number of cases of Merkel cell carcinoma around the world. The increasing cases have influenced the demand for novel medications for Merkel cell carcinoma treatment. Furthermore, strong immunotherapy uptake and favorable reimbursement are regarded as encouraging indicators for Merkel cell carcinoma treatment growth. The market is expected to grow due to increased research and development initiatives to treat Merkel cell carcinoma.

The growth of the Merkel cell carcinoma treatment market is being limited by high treatment costs, the cancellation of late-stage clinical trials, a lack of public awareness, and side effects during the projection period. Nausea, skin changes, diarrhea, painful sores in the throat and mouth, exhaustion, and dry mouth or thick saliva are all side effects of external radiation therapy. The radiation's adverse effects are transient, although some uncommon significant side effects may become permanent. Radiation to the chest can sometimes cause lung damage, which can cause breathing problems and shortness of breath.

Key Developments

Nantkwest, Inc. (Immunitybio) announced the start of phase 2 clinical investigation on triple combination immunological therapy for Merkel cell cancer treatment in January 2019. KEYTRUDA was approved by the FDA in December 2018 for treating pediatric and adult patients with metastatic or recurrent locally advanced Merkel cell carcinoma. On July 9, 2019, The Patient Advocate Foundation, a non-profit organization, offered funds for MCC patients to assist with treatment travel expenditures. Once accepted, the financial fund will pay $450 in one-time help to cover transportation costs to and from treatment appointments. According to the Fred Hutchinson Cancer Research Centre, a multidisciplinary team from the University of Washington and the Fred Hutchinson Cancer Research Center was awarded a five-year, $12 million grant to study Merkel cell cancer on April 16th, 2019.

By therapy, the Merkel cell carcinoma disease treatment market is segmented into chemotherapy, radiation therapy, combination therapies, surgical excision, immunotherapy, and others. Etoposide, cisplatin, carboplatin, and topotecan are different types of chemotherapy. Because of growing research and reimbursement, the chemotherapy segment is expected to dominate the market in the projected period. Pembrolizumab and Avelumab are two types of immunotherapy drugs. Due to the approval of immune checkpoint inhibitors, immunotherapy is likely to increase at a high rate over the forecast period.

By test type, the Merkel cell carcinoma disease treatment market is segmented into computerized axial tomography scan, positron emission tomography scan, biopsy test, immunohistochemistry test, and others. PET scans are effective and can be used to assess the presence of illness or other disorders in organs and/or tissues.

By end-users, the Merkel cell carcinoma disease treatment market is segmented into hospitals, home care, surgical centers, specialty clinics, and others. Preference for hospitals is expected to fuel segment growth due to innovative technology and a large number of facilities available on a single site.

By geography, the Merkel cell carcinoma disease treatment market is segmented into five regions North America, Europe, South America, the Middle East and Africa, and the Asia Pacific regions. Because of the rising cases of skin cancer and favorable government regulations as well as modern healthcare facilities, North America will hold the largest market share for Merkel cell carcinoma therapy in the projected period, followed by Europe. Because of increased government programs and a rapidly aging population, Asia-Pacific has emerged as the fastest-growing regional category in terms of revenue. Furthermore, China and Australia are seeing rising Merkel cell carcinoma incidences, boosting the need for treatment in these countries.

COVID-19 Insights

Due to the COVID-19 pandemic, lockdown measures prevented patient movement and likely identification and overburdening healthcare systems. Smaller practices have closed completely, while larger firms currently cater to emergencies. This, in turn, will have a significant impact on the Merkel cell carcinoma market. The COVID 19 epidemic would lead to an extremely slow turnaround time for patients undergoing selected procedures.

Merkel Cell Carcinoma Disease Treatment Market Scope:

Report Metric	Details
Market size value in 2020	US$3.038 billion
Market size value in 2027	US$3.818 billion
Growth Rate	CAGR of 3.32% from 2020 to 2027
Base year	2020
Forecast period	2022–2027
Forecast Unit (Value)	USD Billion
Segments covered	Therapy, Test Type, End-Users, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Merck KGaA, Darmstadt, Germany, Pfizer Inc., Takeda Onology (Millennium Pharmaceuticals Inc.), Ono Pharmaceutical Co. Ltd, Bristol-Myers Squibb Company, OncoSec Medical Incorporated, McKesson Corporation, Amgen Inc, Immunity Bio (NantKwest)
Customization scope	Free report customization with purchase

 

Key Market Segments

• By Therapy
  • Chemotherapy
  • Immunotherapy
  • Surgical Excision
  • Radiation Therapy
  • Combination Therapy
  • Others
• By Test Type
  • Computerized axial tomography scan
  • Positron emission tomography scan
  • Biopsy test
  • Immunohistochemistry test
  • Others
• By End-Users
  • Hospitals
  • Homecare
  • Specialty Clinics and Surgical Centers
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Others

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Frequently Asked Questions (FAQs)

Q1. What will be the Merkel cell carcinoma disease treatment market size by 2027?
A1. The Merkel cell carcinoma disease treatment market is projected to reach a market size of US3.818 billion by 2027.

Q2. What is the size of the global Merkel cell carcinoma disease treatment market?
A2. Merkel Cell Carcinoma Disease Treatment market was valued at US$3.038 billion in 2020.

Q3. What are the growth prospects for the Merkel cell carcinoma disease treatment market?
A3. The global Merkel cell carcinoma disease treatment market is projected to grow at a CAGR of 3.32% over the forecast period.

Q4. Which region holds the largest market share in the Merkel cell carcinoma disease treatment market?
A4. North America will hold the largest share of the Merkel cell carcinoma disease treatment market due to the rising cases of skin cancer and favorable government regulations as well as modern healthcare facilities.

Q5. What factors are anticipated to drive the Merkel cell carcinoma disease treatment market growth?
A5. One of the key reasons driving the Merkel cell carcinoma disease treatment market is the rising number of cases of Merkel cell carcinoma around the world.

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