Chemotherapy is a most widely used treatment for various types of cancer found to be prevalent across the globe. The chemotherapy drugs restrict the growth and division of cancer cells. Leukemia, lymphoma, breast cancer, ovarian cancer, lung cancer, myeloma, and sarcoma are various types of cancer that can be treated using chemotherapy.
The global chemotherapy market is driven by an increasing prevalence of cancer such as lung cancer, breast cancer, and others and the growing demand for the new treatments of cancer. Furthermore, the market is also accelerated with an increasing focus on research in oncology. However, the market growth is restrained by the high cost of treatment and side effects of chemotherapy.
Global Chemotherapy market is expected to grow at a CAGR of 6.2% during the forecast period, 2017–2023.
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America is the largest chemotherapy market across the globe which is mainly driven by an increase in the use of chemotherapy agents and continuous demand for new treatments of cancer. The North American market is dominated by the U.S. which is driven by an increase in the number of market players manufacturing chemotherapy drugs along with increasing number of clinical trials. Canada is expected to be the fastest growing market in North America.
In Europe, the growth of the market is driven by an increasing focus on research in oncology for new treatment options. Additionally, the increasing awareness about cancer therapeutics among the people and rising emphasis on early diagnosis and treatment of cancer also fuel the growth of the market. The growing support of government agencies and increasing research funding for the treatment of cancer also drive the market growth.
Asia Pacific is the fastest growing market across the globe which is driven by the increasing number of cancer patients, increasing healthcare expenditure by developing countries, and availability of skilled healthcare professionals such as oncologists and research scientists. India and China are the major contributors to the growth of the market with increasing awareness about the treatments of cancer.
In the Middle East, the United Arab Emirates (U.A.E.), Saudi Arabia, and Kuwait are expected to drive the market with the increase in the demand for specialty care services and growth of the healthcare sector, whereas the African region is expected to witness a moderate growth.
The global chemotherapy market is segmented on the basis of drugs, indication, route of drug administration, and end-user.
On the basis of drugs, it is segmented into alkylating agents, antimetabolites, anti-tumor antibiotics, topoisomerase inhibitors, mitotic inhibitors, and others. Alkylating agents are further segmented into mustard gas derivatives, ethylenimines, alkyl sulfonates, hydrazines and triazines, and others. Anti-tumor antibiotics are further segmented into anthracyclines and chromomycin. Topoisomerase inhibitors are further segmented into Topoisomerase I inhibitors and Topoisomerase II inhibitors.
On the basis of indication, the market is segmented into leukemia, lymphoma, breast cancer, ovarian cancer, lung cancer, myeloma, sarcoma, and others.
On the basis of route of drug administration, the market is segmented into oral and intravenous.
On the basis of end-user, it is segmented into hospitals, research institutes, and others.
Some of the key players in the market are Sanofi (France), Novartis (Germany), Pfizer Inc. (U.S.), Eli Lilly & Company (U.S.), ImClone Systems Inc. (U.S.), GlaxoSmithKline (U.K), AstraZeneca (U.K), Schering-Plough (U.S.), Boehringer Ingelheim (Germany), Bristol-Myers Squibb , Teva Pharmaceuticals Industries (Japan), F. Hoffmann-La Roche Ltd ( Switzerland), Merck & Co., Inc. (U.S.), Chemo Espana SL (Spain), CELGENE CORPORATION (U.S.), Amgen Inc (U.S.), Bayer AG (Germany), Takeda Pharmaceutical Company Limited (Japan), and others.
Table of Content: Key Points
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Chemotherapy Market, By Drug
- Global Chemotherapy Market, By Indication
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