Melanoma treatment market projected to surge to USD 12.4 billion by 2035, driven by breakthrough immunotherapies and precision medicine

[New York, 17th June 2025] – The global melanoma treatment market is poised for transformative growth, projected to expand from USD 5.2 billion in 2023 to USD 12.4 billion by 2035, at a CAGR of 10.8%, according to Clearview Market Insights. This growth is driven by revolutionary advancements in immune checkpoint inhibitors, targeted therapies, and AI-driven diagnostics, reshaping outcomes for late-stage melanoma patients.

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Key Growth Catalysts

1.     Immunotherapy Dominance:

o   PD-1 inhibitors (Keytruda, Opdivo) now account for 58% of revenue in 2024, with 5-year survival rates doubling to 40% for metastatic melanoma.

o   Pipeline Boom: Over 120 clinical trials are underway for next-generation CTLA-4/PD-L1 combinations (e.g., BioNTech’s mRNA-based personalized vaccines).

2.     Precision Medicine Leap:

o   BRAF/MEK inhibitors (e.g., Tafinlar + Mekinist) account for 32% of targeted therapy sales, while biomarker testing adoption has increased to 65% in the U.S. and EU.

o   Liquid biopsies gain traction, reducing treatment resistance risks (market for melanoma liquid assays to hit USD 1.8B by 2030).

3.     Early Detection Tech:

o   AI-powered dermatoscopes (e.g., DermEngine) reduce diagnostic delays by 30% and achieve 90% accuracy in detecting Stage 0–I melanomas.

Competitive Intensity Heats Up

·       Merck & Co. (35% share): Strengthens Keytruda’s dominance with new adjuvant approvals for Stage IIB/C melanoma (2024).

·       Bristol-Myers Squibb (28%): Investing in the Opdivo+Yervoy combination, which is currently in Phase III trials for rare ocular melanoma.

·       Startups Disrupt: Companies like NeraCare (Germany) are pioneering hyperspectral imaging for non-invasive staging.

Regional Front-Runners

·       North America (48% share): U.S. leads with 90% insurance coverage for immunotherapy.

·       Europe (XX%): Germany’s universal biomarker testing policy drives 15% annual growth.

·       Asia-Pacific (XX%): Japan’s fast-track approvals for novel therapies (e.g., Delcath’s CHEMOSAT) fuel demand.

Patient Access Challenges
Despite progress, cost barriers persist:

·       Immunotherapy costs USD 150,000 per year, limiting uptake in emerging markets.

·       Only 25% of African nations include melanoma drugs in their national formularies, compared to 85% in the EU.

Future Milestones

·       2026: First FDA-approved mRNA melanoma vaccine (Moderna/BioNTech).

·       2028: AI platforms integrate with EHRs for real-time treatment adjustments.

·       2030: 90% of Stage III patients receive combo therapies as standard care.

 

 

 

 

For more insights, visit https://clearviewmarketinsights.com/

 

About Clearview Market Insights:

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

 

Media contact:

Bhavani K

Marketing and Sales Head

ClearView Market Insights

Mail: sales@clearviewmarketinsights.com

Phone: +1 917-993-7369

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