The global “Oncology Drugs Market” is expected to reach USD 394.24 billion by 2027, exhibiting a CAGR of 11.6% during the forecast period. The growing prevalence of cancer around the world will spur opportunities for this market during the forecast period, states Fortune Business Insights, in a report, titled “Oncology Drugs Market Size, Share &COVID-19 Impact Analysis, By Drugs Class (Cytotoxic Drugs, Targeted Drugs, Hormonal Drugs, and Others), By Therapy (Chemotherapy, Targeted Therapy, and Immunotherapy), By Indication (Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, and Others), By Dosage Form (Solid, Liquid, and Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others), and Regional Forecast, 2020-2027.” The market size stood at USD 141.33 billion in 2019.
Major Oncology Drugs Market Key players covered in the report include:
- Merck & Co.
- Sanofi
- GlaxoSmithKline
- AbbVie
- Takeda Oncology Drugs Ltd.
- AstraZeneca
- Pfizer, Inc.
- Novartis AG
- Hoffmann-La Roche Ltd.
- Johnson & Johnson Services Inc.
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Global Oncology Drugs Market report covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Oncology Drugs Market Analysis 2021:
Regional Analysis:
Rising Prevalence to Cancer to Influence Market in North America
The market size in North America is expected to witness a rapid growth rate during the forecast period. The dominance in the region is attributed to the growing prevalence of cancer in the U.S. As per the National Cancer Institute, in 2020, approximately 1.8 million people will be diagnosed with cancer in the U.S. The recent product launches will aid the expansion of the market in the region. Europe is predicted to exhibit a stellar growth rate during the forecast period owing to the growing cancer burden in countries such as U.K., Germany, and France. The market in Asia Pacific is predicted to rise tremendously during the forecast period due to the rising awareness among the population regarding cancer.
Positive Impact on Oncology Drugs Market Growth During COVID-19
The outbreak of COVID-19 has had a positive impact on the oncology drugs market globally. Certain market segments have witnessed a growth in demand for drugs with respect to the COVID-19 emergency. Panic buying of medications has been witnessed among the cancer patients amid lockdown. The pharmaceutical companies involved in this market have significantly improved their supply chain management, enhanced the capabilities of their R&D, and invested more their manufacturing management and quality control. For instance, according to the quarterly reports of 2020 of Roche, their global supply chain of medicines and tests remain intact and their pharmaceutical division sales increased by 7% as compared to the prior year.
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Oncology Drugs Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Market Driver:
Surging Pharmaceutical Industry to Contribute Colossal Development
The ongoing technological advancement in the field of pharmacy is expected to create opportunities for the market during the forecast period. The clinical trials and various drugs in the pipeline can further facilitate the healthy growth of the industry. The growing cases of numerous types of cancer, such as lung cancer, skin cancer, prostate cancer, colon cancer, breast cancer, and others will spur demand for oncology drugs, thus enhancing market growth. According to the World Health Organization (WHO), cancer is a growing burden and the number of new cancer cases is going to rise from 18.1 million in 2018 to 29.4 million by 2040. Moreover, product launches and approvals are expected to have a tremendous impact on the market.
Positive Impact on Oncology Drugs Market Growth During COVID-19
The outbreak of COVID-19 has had a positive impact on the oncology drugs market globally. Certain market segments have witnessed a growth in demand for drugs with respect to the COVID-19 emergency. Panic buying of medications has been witnessed among the cancer patients amid lockdown. The pharmaceutical companies involved in this market have significantly improved their supply chain management, enhanced the capabilities of their R&D, and invested more their manufacturing management and quality control. For instance, according to the quarterly reports of 2020 of Roche, their global supply chain of medicines and tests remain intact and their pharmaceutical division sales increased by 7% as compared to the prior year.
Key Development:
April 2019: Sun Pharmaceutical Industries announced the release of INFUGEM injection, which will ve used for the treatment of cancer in the US.
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Table of Content:
1 Oncology Drugs Market Overview
1.1 Oncology Drugs Product Overview
1.2 Oncology Drugs Market Segment by Type
1.3 Global Oncology Drugs Market Size by Type (2015-2027)
1.3.1 Global Oncology Drugs Market Size Overview by Type (2015-2027)
1.3.2 Global Oncology Drugs Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Oncology Drugs Sales Market Share Breakdown by Type (2015-2027)
1.3.2.2 Global Oncology Drugs Market Share Breakdown by Type (2015-2027)
1.3.2.3 Global Oncology Drugs Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Oncology Drugs Market Size Forecast by Type (2021-2027)
1.3.3.1 Global Oncology Drugs Sales Market Share Breakdown by Application (2021-2027)
1.3.3.2 Global Oncology Drugs Revenue Market Share Breakdown by Application (2021-2027)
1.3.3.3 Global Oncology Drugs Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Oncology Drugs Sales Breakdown by Type (2015-2027)
1.4.2 Europe Oncology Drugs Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Oncology Drugs Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Oncology Drugs Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Oncology Drugs Sales Breakdown by Type (2015-2027)
2 Global Oncology Drugs Market Competition by Company
2.1 Global Top Players by Oncology Drugs Sales (2015-2021)
2.2 Global Top Players by Oncology Drugs Revenue (2015-2021)
2.3 Global Top Players Oncology Drugs Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Oncology Drugs Manufacturing Base Distribution, Sales Area, Product Type
2.5 Oncology Drugs Market Competitive Situation and Trends
2.5.1 Oncology Drugs Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Oncology Drugs Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Oncology Drugs as of 2019)
2.7 Date of Key Company Enter into Oncology Drugs Market
2.8 Key Company Oncology Drugs Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Oncology Drugs Status and Outlook by Region (2015-2027)
3.1 Global Oncology Drugs Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Oncology Drugs Market Size Market Share by Region (2015-2021)
3.2.1 Global Oncology Drugs Sales Market Share by Region (2015-2021)
3.2.2 Global Oncology Drugs Revenue Market Share by Region (2015-2021)
3.2.3 Global Oncology Drugs Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Oncology Drugs Market Size Market Share by Region (2021-2027)
3.3.1 Global Oncology Drugs Sales Market Share by Region (2021-2027)
3.3.2 Global Oncology Drugs Revenue Market Share by Region (2021-2027)
3.3.3 Global Oncology Drugs Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Oncology Drugs Market Size By Growth (2015-2027)
3.4.1 North America Oncology Drugs Revenue By Growth (2015-2027)
3.4.2 North America Oncology Drugs Sales By Growth (2015-2027)
3.5 Asia-Pacific Oncology Drugs Market Size By Growth (2015-2027)
3.5.1 Asia-Pacific Oncology Drugs Revenue By Growth (2015-2027)
3.5.2 Asia-Pacific Oncology Drugs Sales By Growth (2015-2027)
3.6 Europe Oncology Drugs Market Size By Growth (2015-2027)
3.6.1 Europe Oncology Drugs Revenue By Growth (2015-2027)
3.6.2 Europe Oncology Drugs Sales By Growth (2015-2027)
3.7 Latin America Oncology Drugs Market Size By Growth (2015-2027)
3.7.1 Latin America Oncology Drugs Revenue By Growth (2015-2027)
3.7.2 Latin America Oncology Drugs Sales By Growth (2015-2027)
3.8 Middle East and Africa Oncology Drugs Market Size By Growth (2015-2027)
3.8.1 Middle East and Africa Oncology Drugs Revenue By Growth (2015-2027)
3.8.2 Middle East and Africa Oncology Drugs Sales By Growth (2015-2027)
4 Global Oncology Drugs by Application
4.1 Oncology Drugs Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Oncology Drugs Sales by Application: 2015 VS 2021 VS 2027
4.3 Global Oncology Drugs Historic Sales by Application (2015-2021)
4.4 Global Oncology Drugs Forecasted Sales by Application (2021-2027)
4.5 Key Regions Oncology Drugs Market Size by Application
4.5.1 North America Oncology Drugs by Application
4.5.2 Europe Oncology Drugs by Application
4.5.3 Asia-Pacific Oncology Drugs by Application
4.5.4 Latin America Oncology Drugs by Application
4.5.5 Middle East and Africa Oncology Drugs by Application
5 North America Oncology Drugs Market Size by Country (2015-2027)
5.1 North America Market Size Market Share by Country (2015-2021)
5.1.1 North America Oncology Drugs Sales Market Share by Country (2015-2021)
5.1.2 North America Oncology Drugs Revenue Market Share by Country (2015-2021)
5.2 North America Market Size Market Share by Country (2021-2027)
5.2.1 North America Oncology Drugs Sales Market Share by Country (2021-2027)
5.2.2 North America Oncology Drugs Revenue Market Share by Country (2021-2027)
5.3 North America Market Size By Growth by Country
5.3.1 U.S. Oncology Drugs Market Size By Growth (2015-2027)
5.3.2 Canada Oncology Drugs Market Size By Growth (2015-2027)
6 Europe Oncology Drugs Market Size by Country (2015-2027)
6.1 Europe Market Size Market Share by Country (2015-2021)
6.1.1 Europe Oncology Drugs Sales Market Share by Country (2015-2021)
6.1.2 Europe Oncology Drugs Revenue Market Share by Country (2015-2021)
6.2 Europe Market Size Market Share by Country (2021-2027)
6.2.1 Europe Oncology Drugs Sales Market Share by Country (2021-2027)
6.2.2 Europe Oncology Drugs Revenue Market Share by Country (2021-2027)
6.3 Europe Market Size By Growth by Country
6.3.1 Germany Oncology Drugs Market Size By Growth (2015-2027)
6.3.2 France Oncology Drugs Market Size By Growth (2015-2027)
6.3.3 U.K. Oncology Drugs Market Size By Growth (2015-2027)
6.3.4 Italy Oncology Drugs Market Size By Growth (2015-2027)
6.3.5 Russia Oncology Drugs Market Size By Growth (2015-2027)
7 Asia-Pacific Oncology Drugs Market Size by Country (2015-2027)
7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)
7.1.1 Asia-Pacific Oncology Drugs Sales Market Share by Country (2015-2021)
7.1.2 Asia-Pacific Oncology Drugs Revenue Market Share by Country (2015-2021)
7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)
7.2.1 Asia-Pacific Oncology Drugs Sales Market Share by Country (2021-2027)
7.2.2 Asia-Pacific Oncology Drugs Revenue Market Share by Country (2021-2027)
7.3 Asia-Pacific Market Size By Growth by Country
7.3.1 China Oncology Drugs Market Size By Growth (2015-2027)
7.3.2 Japan Oncology Drugs Market Size By Growth (2015-2027)
7.3.3 South Korea Oncology Drugs Market Size By Growth (2015-2027)
7.3.4 India Oncology Drugs Market Size By Growth (2015-2027)
7.3.5 Australia Oncology Drugs Market Size By Growth (2015-2027)
7.3.6 Taiwan Oncology Drugs Market Size By Growth (2015-2027)
7.3.7 Indonesia Oncology Drugs Market Size By Growth (2015-2027)
7.3.8 Thailand Oncology Drugs Market Size By Growth (2015-2027)
7.3.9 Malaysia Oncology Drugs Market Size By Growth (2015-2027)
7.3.10 Philippines Oncology Drugs Market Size By Growth (2015-2027)
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