Report Ocean presents a new report on anticancer drugs market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The anticancer drugs market would grow at a compound annual growth rate (CAGR) of more than 7% during the forecast period from 2021-2030.
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Anticancer drugs are medicines that are prescribed for the treatment of cancers. The most common cancer drugs are Revlimid, Procarbazine, Carmustine, Altretamine, Temozolomide, and Mechlorethamine.
The global anticancer drugs market is growing at a significant rate, owing to the increasing pervasiveness of several types of cancer. Furthermore, researches on the development of effective anticancer drugs would propel the growth of the global anticancer drugs market during the forecast period.
The growing number of cancer patients and their treatment procedures are boosting the growth of the global anticancer drug market. According to the International Agency for Research on Cancer (IARC), around 17 million people were diagnosed with cancer in 2018, out of which 9.5 million cancer deaths were registered globally. Moreover, the numbers are expected to hike by 2040. Thus, the demand for anticancer drugs is forecast to surge during the forecast time frame.
Cancer treatment essentially requires effective drugs to control the disease. Thus, the pharmaceutical and biotechnology companies continuously invest in R & D activities to develop advanced drugs. Various research institutes are engaged in the development of hybrid anticancer drugs. The drugs would be effective in destroying cancer cells, which, in turn, cure the disease more efficiently. Thus, the advancements in anticancer drugs would prompt the growth of the global market.
Anticancer drugs have long-lasting side effects on patients. The cancer patients have to go through chemotherapy, which causes fatigue, edema (swelling), diarrhea, nausea, vomiting, etc. Anticancer drugs can cause breathlessness and increase the risk of infection. Thus, such side effects can slow down the growth of the global anticancer drugs market.
COVID-19 Impact Analysis
The sudden onset of COVID-19 created chaos in the entire world. Healthcare bodies had to postpone the diagnosis and treatment of many other diseases. However, the pandemic had a positive impact on the growth of the global anticancer drug market. The risk of infection prevented many patients from visiting hospitals. This, in turn, soared the demand for anticancer drugs as patients were more reliant on drugs those days.
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Regional Analysis
Geographically, North America holds the maximum share in the global anticancer drug market, owing to the growing number of cancer cases in the region. Around 1.9 million people in North America are suffering from breast cancer, lung cancer, and prostate cancer. Such factors are anticipated to soar the growth of the global anticancer drug market.
Competitors In The Market
F. Hoffmann-La Roche Ltd.(Europe)
Pfizer Inc.(United States)
Novartis AG (Europe)
Merck & Co. Inc.(United States)
Bristol-Myers Squibb Company (United States)
AstraZeneca PLC (United Kingdom)
Astellas Pharma Inc. (Japan)
AbbVie Inc. (United States)
Amgen (United States)
Takeda Oncology Drugs Ltd. (United States)
GlaxoSmithKline (United Kingdom)
Sanofi (Europe)
Celgene Corporation (United States)
Boehringer Ingelheim GmbH (Germany)
Teva Pharmaceuticals (Asia)
Eli Lilly and Company(United States)
Millennium Pharmaceuticals(United States)
Other prominent players.
Market Segmentation
By Drug Class
Cytotoxic Drugs
Alkylating Agents
Antimetabolites
Others
Targeted Drugs
Monoclonal Antibodies
Others
Hormonal Drugs
By Therapy
Chemotherapy
Targeted Therapy
Immunotherapy
By Indication
Lung Cancer
Breast Cancer
Stomach Cancer
Colorectal Cancer
Prostate Cancer
Others
By Dosage Form
Solid
Tablets
Capsules
Liquid
Injectable
Prefilled Syringes
Others
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online
Others
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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