According to the analyst's market research, after Pembrolizumab entered the Chinese market, its sales revenue has increased several times. The revenue in 2020 reaches approximately CNY 294.75 million, and the CAGR is 284.67% from 2018 to 2020. Thus, the analyst analyzes that the market size of Pembrolizumab will expand in the future due to the increased numbers of approved indications.
In addition, PD-1-type drug is not very common in the Chinese market, so Merck Sharp & Dohme Corp, as the only supplier of Pembrolizumab in China, did not face any threat in the past. However, in December 2018, a PD-1 drug produced by Junshi Biosciences has been successfully approved for marketing. Therefore, the analyst predicts that from 2021 to 2025, the price of Pembrolizumab in China may be lowered, but the market will continue to expand due to Pembrolizumab’s effectiveness and unsaturated demand.
Topics Covered:
- The impact of COVID-19 on China's pembrolizumab market
- Sales value and volume of China's pembrolizumab 2016-2020
- Competitive landscape of China's pembrolizumab market
- Prices of pembrolizumab in China
- Prices of pembrolizumab in China by regions and manufacturers
- Analysis of factors affecting the development of China's pembrolizumab market
- Prospect of China's pembrolizumab market from 2021 to 2025
Table of Contents
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Companies Mentioned
- Merck Sharp & Dohme Corp
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
Report Attribute | Details |
---|---|
Published | April 2021 |
Forecast Period | 2018 - 2025 |
Estimated Market Value in 2018 | 5 Million |
Forecasted Market Value by 2025 | 2240 Million |
Compound Annual Growth Rate | 139.1% |
Regions Covered | China |