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Small Molecule Cancer Drugs Market Statistical Data, Top Manufacturing Companies, Share, New Techniques and Growing Industry Trends by 2027

December 8th, 2020 Coherent Market Insights Releases

Global Small Molecule Cancer Drugs Market – Insights

Cancer is characterized by uncontrolled cell growth, which leads to formation of tumor. The tumor can further progress to other body parts. Although the major cause of cancer is genetic mutation, other factors such as environmental, lifestyle, or hereditary can also lead to the disease. Cancer is classified into four categories based on its origin – 1) Carcinoma (begins in skin or tissue) 2) Sarcoma (begins in connective tissues) 3) Lymphoma (begins in lymphatic system), and 4) Leukemia (begins in blood).

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Increasing approval of small molecule cancer drugs to augment growth of the global small molecule cancer drugs market

Major regulatory bodies are focused on approval of novel small molecule cancer drugs, which is expected to propel growth of the global small molecule cancer drugs market over the forecast period. For instance, in May 2019, the U.S. Food & Drug Administration (FDA) approved Novartis AG’s Piqray – a drug used in combination with fluvestrant for the treatment of HR/HER2- PIK3CA mutated advanced breast cancer. Similarly, in April 2019, the U.S. FDA approved Balversa (erdafitinib) (Janssen Pharmaceutica) for the treatment of FGFR3 or FGFR2 mutated, locally advanced urothelial carcinoma.

Adverse effects of small molecule cancer drugs to hinder growth of the market

Use of small molecule cancer drugs is associated with several side effects, depending on the type of cancer and the overall health of the patient. Major side effects include, muscle pain, headache, nausea, vomiting, fatigue, mouth sores, diarrhea, throat sores, and constipation. Moreover, small molecule cancer drugs also adversely impact healthy cells, thereby leading to malfunction in blood cells regeneration process. These factors are expected to hinder growth of the global small molecule cancer drugs market.

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North America to hold dominant position in the market

On the basis of region, the global small molecule cancer drugs market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to account for the largest market share over the forecast period. This is attributed to increasing investment in R&D in cancer drugs. For instance, in June 2019, American Cancer Society partnered with Ovarian Cancer Research Alliance to fund research activities related to detection, treatment, and prevention of ovarian cancer. The partnership is focused on raising funds for R&D of drugs for ovarian cancer.

Global Small Molecule Cancer Drugs Market: Competitive Landscape

Key players in the global small molecule cancer drugs market are focused on adopting M&A strategies to expand their product portfolio. For instance, in June 2019, Pfizer Inc., a pharmaceutical company, acquired Array Biopharma, a drug developer company. The acquisition gave Pfizer access to Array Biopharma’s product portfolio that included drugs for the treatment of skin cancer and combination of drugs (Braftovi and Mektovi) used for the treatment of last-stage colorectal cancer.

Major players operating in the global small molecule cancer drugs market include Janssen Research and Development LLC, Novartis AG, Otsuka Pharmaceutical Co. Ltd, Eli Lilly and Co., Pfizer Inc., SANOFI AVENTIS US LLC, Baxter Healthcare Corp., Emcure Pharmaceuticals Ltd., AstraZeneca, Kyowa Kirin Inc., and HQ Specialty Pharma Corp.

Request to download and view full ToC: https://www.coherentmarketinsights.com/ongoing-insight/toc/2754

Global Small Molecule Cancer Drugs Market Taxonomy

The global small molecule cancer drugs market is segmented on the basis of drug class, route of administration, distribution channel, and region.

By Drug Class

  • Alkylating Agents
  • Plant Alkaloids
  • Antitumor Antibiotics
  • Antimetabolites
  • Topoisomerase Inhibitors
  • Others

By Route of Administration

  • Oral
  • Injectable

By Distribution Channel

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Other Related Reports:

Esophageal Cancer Drugs Market scenario 2020 – Competitive Analysis, Segmentation by 2027

Stomach Cancer Drugs Market scenario 2020 – Competitive Analysis, Segmentation by 2026

Gastric and Esophageal Cancer Drugs Market scenario 2020 – Competitive Analysis, Segmentation by 2026

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

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