Lung cancer is a type of malignant lung tumor characterized by uncontrolled cell division and development in the lungs. The function of the lungs to supply oxygen into the bloodstream declines as tumors size increases. Lung carcinoma is divided into two types: non-small cell lung cancer and small cell lung cancer, and it develops from epithelial cells. Lung cancer has the highest death rate in the world, with asbestos, pipe, cigarette smoking being the leading causes. chest pain, coughing, body mucus, and weight loss are all common symptoms of lung cancer. The most prevalent lung cancer therapies are radiation therapy, immunotherapy, chemotherapy, and vaccinations.
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Increasing non-small cell lung cancer prevalence is expected to drive the global lung cancer therapeutics market growth over the forecast period.
According to World Health Organization estimates in 2017, 1.8 million new instances of lung cancer were reported worldwide in 2012, making it one of the main causes of mortality and morbidity. The introduction of novel radiation therapy, high-priced medications, and the growing prevalence of non-small cell lung cancer are the leading factors of the global lung cancer therapeutics market growth. Rising demand for targeted medicines is expected to have a positive influence on the global lung cancer therapeutics market growth during the forecast period.
Targeted therapies restrict the growth by targeting cancer-specific cells, tissues, and proteins that promote cancer survival and growth, without affecting the healthy cells. They have also been shown to be more effective than traditional therapies such as platinum-based chemotherapy, surgical resection, and radiation therapy. The government’s increased diagnostic facilities, an increase in unhealthy habits, and increased pollution as a result of fast industrialization are the major factors driving the global lung cancer therapeutics market growth over the forecast period. The new treatment known as targeted therapy is expected to have a beneficial market impact.
The global lung cancer therapeutics market is segmented on the basis of therapy, distribution channel, and geography
On the basis of therapy, the global lung cancer therapeutics market is segmented into:
- Targeted therapy
- Systemic Radiotherapy
- External Beam Radiotherapy
- Internal Radiotherapy
On the basis of distribution channel, the global lung cancer therapeutics market is segmented into:
- Retail Pharmacies
In North America, the higher carcinoma lung population accounted for the largest share in the global lung cancer therapeutics market.
Coherent Market Insights’ regional segmentation of the lung cancer therapeutics market includes North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. According to American Cancer Society estimates from 2017, around 195,000 people in the U.S. suffer from NSCLC each year, with the number of deaths from NSCLC estimated to be around 135,000, boosting the demand for lung cancer therapeutics in North America. The growing demands in North America are also owing to the increased prevalence of lung cancer, an elderly population, and smoking behaviors, which result in a greater carcinoma lung population. The Asia Pacific is expected to grow at a faster rate during the forecast period due to increased awareness of improved health care, government assistance, and the prevalence of medical needs for cancer therapeutics in the emerging economies of China and India.
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New product introductions that are more efficient are a crucial growth strategy for market players.
Major players contributing to the global lung cancer therapeutics market include AstraZeneca, Pfizer, F. Hofmann-La Roche, Celgene, and Eli Lilly. The major players use various approaches such as the development of new drugs, mergers and acquisitions, geographical expansion, and R&D investments to enhance their market position. Other prominent players are Novartis, OncoGeneX, ARIAD Pharmaceuticals, Bristol-Myers Squibb, OSE Immunotherapeutic.
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Table of Content
Global Lung Cancer Therapeutics Market Research Report
Section 1: Global Lung Cancer Therapeutics Industry Overview
Section 2: Global Economic Impact on Lung Cancer Therapeutics Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Lung Cancer Therapeutics Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Lung Cancer Therapeutics Market Forecast
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