WiseGuyReports.Com Publish a New Market Research Report On –“ Oncology Small Molecule Drugs Market 2019 Global Share,Trend,Segmentation and Forecast to 2032”.
Oncology small molecule drugs are the treatment that prevents the growth of cancer cells by removing the active molecules that contribute to tumour growth and carcinogenesis. It has a broad spectrum of applications in multiple myeloma, melanoma, prostate cancer, lymphoma, breast cancer, and other cancers.
Oncology small molecule drugs have a targeted approach and minimal side effects, which is the major factor driving market growth. Worldwide oncology small molecule drugs were valued at $63 billion in 2018. The demand for oncology small molecule drugs is visualized to enroll 6% CAGR by 2029.
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The oncology small molecule drugs market will keep on staying merged with the top five players, including Novartis Ag, AstraZeneca, Genentech, Pfizer, and Abbvie, representing ~47% market worth offer.
High prevalence of cancer and a preference for more effective drugs is primarily boosting sales of oncology small molecule drugs. As a consequence, a growing number of biopharmaceutical companies are using “selective targeting of small molecules” to manipulate the vulnerabilities of cancer cells accurately. Such a pragmatic approach to cancer is likely to create a multitude of opportunities in the oncology small molecule drugs market. Strict regulatory framework for the approval of essential medicines, particularly oncology small molecule drugs, has been slowing the entire approval process and eventual release of life-saving drugs.
Oncology small molecule drugs market is segmented into monoclonal antibodies, small molecules and small molecule drug conjugates. Monoclonal antibodies can be further segmented into fully human antibody (with an immune system target), chimeric monoclonal antibody (with a tumour target) and humanized monoclonal antibody (with a circulatory system target). Small molecules segment can also be further segmented into small molecule cyclin-dependent kinase inhibitor, small molecule proteasome inhibitor and small molecule tyrosine kinase inhibitor. Small molecules segment is the largest revenue generating segment due to kinase inhibitor that can provide more protection to normal cells in the body.
As a vital type of cancer treatment, growing traction for targeted therapy continues to expand the bandwidth of opportunities for manufacturers of oncology small molecule drugs. Growth, faster regulatory approval, and eventual acceptance of small molecule drugs to block the process of multiplying and spreading cancer cells continues to raise the demand for oncology small molecule drugs.
In the near future, North America, led by the U.S., is expected to remain the leading and high-growth market for oncology small molecule drugs. With high treatment seeking rate and favourable cancer treatment reimbursement scenarios, the US is estimated to witness revenue worth $30 billion in 2019. Europe and Asia Pacific are other regions expected to experience market growth.
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The oncology small molecule drugs market will continue to be consolidated with top players, robust research and development efforts, new dispatches, and numerous interventions. These strategies adopted by top players to stay ahead of the oncology small molecule drugs market encourage organizations to enter into joint efforts with potential biopharmaceutical organizations. Addition of new products to portfolios through partnerships and increasing the number of molecules in early phase of drug development will remain among the key trends shaping the competitive landscape of the oncology small molecule drugs market.
Table of Contents – Major Key Points
Chapter 1 Overview And Scope
Chapter 2 Executive Summary
Chapter 3 Market Insights
Chapter 4 Industry Trends
Chapter 5 Global Oncology Small Molecule Drugs Market Analysis, by Distribution Channel, 2017 – 2027 (US$ Bn)
Chapter 6 Global Oncology Small Molecule Drugs Market Analysis, by Drug Class, 2017 – 2027 (US$ Bn)
Chapter 7 North America Oncology Small Molecule Drugs Market Analysis, 2017 – 2027 (US$ Bn)
Chapter 8 Europe Oncology Small Molecule Drugs Market Analysis, 2017 – 2027 (US$ Bn)
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