Cancer Treatment Drugs Market 2019-2028
New Study Report “Cancer Treatment Drugs Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2028” Added on Wiseguyreports.com.
In 2017, the global cancer treatment drugs market was valued at $87,203 million. The same cancer treatment drugs market is forecasted to reach $165,429 million by year 2025. A CAGR growth of 7.4% is expected from 2018 to 2025. By 2028, the market is expected to grow even more. The growth charted by the industry from 2013-2028 is phenomenal. Of course, this shouldn’t be a matter of surprise as cancer is a widespread disease and there is a prominent need for cancer treatment drugs all over the world.
Cancer refers to an abnormal growth of cells which results in tumors. While these tumors may sometimes be benign, they may also be malignant. When malignant, these tumors spread to other parts of the body via the blood and lymphatic system. Cancer can be of several kinds – breast, skin, gastrointestinal and so on. Usually, cancer treatment depends on the extent to which the disease has progressed. While chemotherapy is primarily used to combat cancer, targeted therapy drugs and immunological therapy drugs are also used in later stages.
There are a number of reasons why the global cancer treatment drugs market is growing with every year. It can attributed to the rise in geriatric population, and increase in cancer research and the collaborations taking place between pharmaceutical companies. While the high cost of these drugs can be an impediment to the growth of the global cancer treatment drugs market, the spike in demand of these drugs and the need for personalized medicine ensures that the industry goes from strength to strength.
Important Key Players Analysis: Roche, Novartis, Celgene, Bristol-Myers Squibb, Amgen, Johnson & Johnson, Pfizer, Takeda, Eli Lilly, AstraZeneca, Astellas, Merck & Co., Sanofi, Bayer, Biogen Idec and more.
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The global cancer treatment drugs market can be segmented along the lines of region, type, application and sales channels. The types, according to which the market can be segmented are – hormonal therapy drugs, immunotherapy drugs, chemotherapy drugs, targeted therapy drugs and other such drugs. As for application, the market segmentation is per – lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, blood cancer and other cancer types. The different sales channels are direct sales channels and distribution channels. When asked to segment by region, the market can be segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa.
The Asia Pacific global cancer treatment drugs market has the most growth potential. It is because of the rise in awareness about these drugs and the investment that is done in R&D pursuits in this region. Unlike other developed markets, the Asia Pacific market holds a lot of potential for investors and venture capitalists. The region also registers an epidemic of sorts in certain kinds of cancer such as stomach cancer, due to the significant aging population in these countries. For eg: Japan has a major geriatric population who suffer from cancer and the global cancer treatment drug market, as a result, thrives there.
Cancer Treatment Drugs Manufacturers
Cancer Treatment Drugs Distributors/Traders/Wholesalers
Cancer Treatment Drugs Sub component Manufacturers
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Latest industry news
The Ministry of Food and Drug Safety has only recently approved the sale of another colorectal cancer treatment drug. Hospitals can now use this drug to treat colorectal cancer, alongside other drugs already in usage. The approval of this drug will leads to the drug manufacturing company’s expansion in the global cancer treatment drugs market.
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