Chemotherapy Treatment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing prevalence of various types of cancers among the population is a key factor driving the growth of Global Chemotherapy Treatment Market.
Chemotherapy Treatment Market is valued at USD 11053.0 Million in 2018 and expected to reach USD 19565.5 Million by 2025 with the CAGR of 8.5% over the forecast period
Chemotherapy is a type of cancer treatment which involves the application of cancer destroying drugs. In more explanation, chemotherapy drugs interfere with a cell’s ability to divide and reproduce i.e. it destroy the reoccurring cancerous cell. In this treatment a single drug or a combination of drugs is used. That drug can be delivered either directly into the bloodstream, to attack cancer cells throughout the body, or they can be targeted to specific cancer sites. Generally, chemotherapy is the use of any drug to treat any type of disease. But mostly people supposed that, the word chemotherapy means drugs used for cancer treatment. Surgery and radiation therapy remove, kill, or damage cancer cells in a certain area, but chemo can work throughout the body. This means chemo can kill cancerous cells that have spread (metastasized) to that parts of the body which are far away from the original tumor. Cancer has a widespread prevalence all over the world and chemotherapy is a most widely used treatment for various types of cancer found to be prevalent across the globe which increases the demand for cancer drugs.
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Global Chemotherapy Treatment Market report is segmented on the basis of drug class, indication, rout of administration, end-user and region & country level. Based upon drug class, chemotherapy Treatment market is classified into alkylating agents, mitotic inhibitors, antimetabolites, topoisomerase inhibitors, antitumor antibiotic and others. On the basis of indication, market is classified into lung cancer, breast cancer, colorectal cancer, prostate cancer, stomach cancer, lymphoma, leukemia, ovarian cancer and others. On the basis of rout of administration, market is classified into intravenous, oral, subcutaneous, intra-muscular, intravehicular, topical, intraperitoneal, intraventricular/intrathecal and others. On the basis of end-user, market is classified into specialty center, hospitals & clinics and others.
The regions covered in this Global Chemotherapy Treatment Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of chemotherapy treatment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Chemotherapy Treatment Market Report-
Some major key players for global Chemotherapy Treatment market are AbbVie Inc., Astellas Pharma inc., AstraZeneca PLC, Bristol-Myers Squibb Company, Celgene Corporation, f. Hoffmann-La Roche ltd., Johnson & Johnson, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi, Amgen Inc. Bayer AG, and Exelixis, Inc and others.
Biocon and Mylan Got Canadian Nod for Biosimilar Cancer Drug Ogivri
May, 22nd, 2019, Biocon Ltd and Mylan N V got approval from health Canada for the Ogivri (Trastuzumab) drug, it was the first biosimilar of Hoffmann-La Roche’s oncology formulation Herceptin to be approved in that country. Mylan was planning to launch the product in this quarter. Ogivri was the treatment of breast cancer and metastatic stomach cancer. The drug was the second biosimilar from Biocon and Mylan’s joint portfolio to be approved in the market. The US Food and Drug Administration (FDA) approved Ogivri, the first biosimilar of Trastuzumab in December, 2017 for the treatment of HER2-Positive breast and gastric cancers. Mylan and Biocon were exclusive partners on a broad portfolio of biosimilar and insulin products. Ogivri is one of the six biologic products co-developed by Mylan and Biocon for the global market place.
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Increasing Public Awareness About Cancer and Better Treatment Options Expected to Boost the Growth of the Global Chemotherapy Market.
Cancer is A type of chronic disease, which involves the abnormal growth of cells that results in the formation of a tumor. The abnormal tumor cells have the tendency of reproduce same cells or to spread to other local tissues and may also spread to different parts of body through blood and lymphatic system. Different types of cancers such as lung cancer, colorectal, breast cancer, and others are predominant among the population. Treatment of cancer depends upon the stages /level of the disease progression. In various treatment of cancer chemotherapy is majorly used in the earlier stages whereas other therapy options such as targeted therapy drugs, immunological therapy drugs are used in late stage.
Looking at current situation and in future forecast period the market of chemotherapy treatment will increase rapidly & it’s one of the main reason of increasing the market growth is expiry of branded or patented drugs. Once the patent of the drug gets expire, other companies or competitors will be free to make same copies of that drug having same properties. In addition, the initiatives taken by government and increasing public awareness about cancer and better treatment options are also expected to boost the growth of the global chemotherapy market. However, high costs related with cancer drug development may hamper growth of the market. The key players are consistently seeking for market expansion through strategic merger and innovation, acquisition, increasing investment in research development.
North America is Expected to Dominate the Global Chemotherapy Treatment Market.
By region, the global chemotherapy treatment market has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa. North America is currently the leading contributing region to the global chemotherapy treatment market owing to the presence of large numbers of research and production hubs of several conglomerate pharmaceuticals and contract research organizations and extensive investments by them in this region. Europe is projected to witness considerable growth owing to the availability of funds and government support for research & development. However, the Asia Pacific region is expected to register the highest CAGR during the forecast period 2018-2025 due to rising patient pool and increasing healthcare expenditure.
Key Benefits for Chemotherapy Treatment Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Chemotherapy Treatment Market Segmentation: –
By Drug Class:
- Alkylating agents
- Mitotic inhibitors
- Topoisomerase Inhibitors
- Antitumor antibiotic
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Prostate Cancer
- Stomach Cancer
- Ovarian Cancer
By Rout of Administration:
By End- User:
- Specialty Center
- Hospitals & Clinics
By Regional & Country Level:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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