What Will Generate the Next Growth Up-Surge in Cancer Drug Market?

Global Cancer Drug Market was valued at USD 73.40 Billion in the year 2017. Global Cancer Drug Market is further estimated to grow at a CAGR of 7.98% from 2018 to 2025 to reach USD 135.71 Billion by the year 2025. North America region holds the highest Market share in 2017 with APAC region is considered as the fastest growing Market in the forecasted period. At a country level, the U.S is the biggest Market in 2017 and it is projected to grow at a gradual pace in the coming years.

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The major market players in Cancer Drug Market are Roche Holdings Inc., Johnson & Johnson, Novartis AG, Celgene, Eli Lilly and Company, Pfizer, Celgene Corporation, Sanofi, Merck & Co., Amgen Inc. (Other 13 companies detailed information is provided in research report). Roche Diagnostics holds the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT Analysis of Cancer Drugs Market

Strength
Growing incidence and pervasiveness of various types of cancer
Academic alliances and partnerships

Weakness
Side-effects of anti-cancer drug therapy
The high cost of drug development and a threat of failure

Opportunity
Scientific advancements in treatment methods
Increasing focus on personalized Anti-cancer medicine
Threats
Patent Cliff

The Immunotherapy segment in the global Cancer Drug Market is expected to hold the highest Market share during the forecast period. The growth can be attributed to growing areas within oncology R&D, high efficacy and fewer side effects and unique molecular level targeting. On the other hand, Blood Cancer by the application is expected to grow at the highest CAGR during the year 2018-2025. Majorly due to growing number of blood cancer patient and the high cost of drugs used for the treatment of blood cancer.

By Application
Gastrointestinal cancer
Blood cancer
Prostate cancer
Skin cancer
Respiratory/lung cancer
Breast cancer
Other types of cancers

By Products & Services
Immunotherapy (biologics therapy)
Hormonal therapy
Targeted therapy
Chemotherapy
Others

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By Region
North America

*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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