How Big is the Pembrolizumab Market | Manufacturers & With official Website 2025

Code: MTA7850 Publication Date: Aug 2025

What is the size of Pembrolizumab Market?

According to 6Wresearch internal database and industry insights, Global Pembrolizumab Market was estimated at USD 17.8 billion in 2024 and is projected to reach USD 29.7billion by 2031, expanding at a CAGR of 5.90% during the forecast period 2025-2031.

There are numbers of factors which are helping to expand the landscape of Pembrolizumab Market include rising incidence of various cancers, expanding approvals for multiple tumour types, and increased investment in immuno-oncology research.

Key Growth Drivers of the Pembrolizumab Market

  • Growing global cancer burden and need for targeted immunotherapies
  • Broadening regulatory approvals across cancer indications
  • Collaborations and clinical trials exploring combination therapies
  • Increased patient access through healthcare funding and reimbursement
  • Technological advances in biomarker-based patient selection

Pembrolizumab Market Trends

Pembrolizumab Market is undergoing for major transformation with expanding use in early-stage cancers in addition to metastatic disease. This market is noticed a surge in combination therapy trials pairing pembrolizumab with chemotherapy, targeted drugs, or other checkpoint inhibitors. On the other hand, biomarker-driven treatment strategies, especially PD-L1 testing, are becoming standard practice. Further, real-world evidence is shaping label expansions and reimbursement policies worldwide.

Emerging Developments in the Pembrolizumab Market

Pembrolizumab Market is seeing major developments with some developments such as emerging approvals for rare cancer indications and adjuvant settings. The focus started emphasizing on neoadjuvant use to improve surgical outcomes. Excluding these, development of next-generation formulations for improved patient convenience. Further, the pembrolizumab trials is expanding in non-oncology indications such as infectious diseases and autoimmune conditions.

List of Leading Companies in the Pembrolizumab Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Merck & Co., Inc.

Company Name Merck & Co., Inc.
Establishment Year 1891
Headquarter Rahway, New Jersey, United States
Official Website Click Here

Developer and sole manufacturer of pembrolizumab under the brand Keytruda. Strong global presence with an extensive oncology portfolio.

2. Bristol Myers Squibb

Company Name Bristol Myers Squibb
Establishment Year 1887
Headquarter New York, United States
Official Website Click Here

Competes in the immuno-oncology space with checkpoint inhibitors and engaged in trials comparing with pembrolizumab across various cancers.

3. Roche Holding AG

Company Name Roche Holding AG
Establishment Year 1896
Headquarter Basel, Switzerland
Official Website Click Here

Offers competing PD-L1 inhibitors and targeted cancer therapies. Active in biomarker-driven cancer treatment innovation.

4. AstraZeneca plc

Company Name AstraZeneca plc
Establishment Year 1999
Headquarter Cambridge, United Kingdom
Official Website Click Here

Develops oncology drugs competing with pembrolizumab in lung and bladder cancers. Focuses on combination therapy development in immuno-oncology.

5. Novartis AG

Company Name Novartis AG
Establishment Year 1996
Headquarter Basel, Switzerland
Official Website Click Here

Leader in cancer therapy innovation with a diversified oncology pipeline. Explores checkpoint inhibitor partnerships and alternatives.

6. Pfizer Inc.

Company Name Pfizer Inc.
Establishment Year 1849
Headquarter New York, United States
Official Website Click Here

Competing immunotherapy products with co-development agreements. Engages in large-scale cancer drug research and trials.

7. Sanofi S.A.

Company Name Sanofi S.A.
Establishment Year 2004
Headquarter Paris, France
Official Website Click Here

Involved in oncology treatment development for competitive positioning. Focuses on monoclonal antibody research and immunotherapy.

8. Eli Lilly and Company

Company Name Eli Lilly and Company
Establishment Year 1876
Headquarter Indianapolis, Indiana, United States
Official Website Click Here

Produces cancer drugs in competition with pembrolizumab. Investing heavily in next-generation checkpoint inhibitors.

How Big is the Pembrolizumab Market: FAQs

The Pembrolizumab market was estimated at USD 17.8 billion in 2024 and is projected to reach USD 29.7billion by 2031.
Growth factors include rising cancer incidence, expanded approvals, and advances in biomarker-driven oncology.
Hospitals, cancer research centers, and specialty oncology clinics are leading adopters.
Key companies include Merck & Co., Bristol Myers Squibb, Roche, AstraZeneca, Novartis, Pfizer, Sanofi, and Eli Lilly.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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