Nivolumab Market to Show Steady Growth Throughout 2028

Global nivolumab market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 8.20% in the above mentioned forecast period.


Nivolumab is a prescription drug which is used for the treatment of metastatic non-small cell lung cancer (NSCLC), classical Hodgkin lymphoma and renal cell carcinoma. It belongs to the drug class of corticosteroids. It is a PD-1 blocking antibody and also known as opdivo.


Rise in the incidence of non-small cell lung cancer (NSCLC), growing healthcare expenditure, supportive strategies, high disposable incomeand growing government funding are the factors that will expand the global nivolumab market.


Rise in the research and development activities and emerging markets will provide beneficial opportunities for the global nivolumab market in the forecast period of 2021-2028.


However, high cost of medication and side effects of nivolumab such as fever, nausea, constipation, abdomen pain, weight loss, diarrhea, lungs, heart and skin problems are the factors that will hinder the market growth and will further challenge the global nivolumab market in the forecast period mentioned above.


Read Full Report Summary @ https://www.databridgemarketresearch.com/reports/global-nivolumab-market


North America dominates the nivolumab market due to the presence of major key players, well-developed healthcare sector andhigh disposable income in this region. Asia-Pacific is expected to grow during the forecast period 2021 to 2028 due to the increasing research and development activities, rise in the prevalence of non-small cell lung cancer (NSCLC)and growing government support.


The major players covered in the nivolumab market report are ONO PHARMACEUTICAL CO., LTD., and Bristol-Myers Squibb Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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