Global Oncology Cancer Drugs Market Trend & Segmentation By Drug Class Type (Chemotherapy, Targeted Therapy, Immunotherapy, and Hormonal Therapy), By Indication (Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Esophagus Cancer, Cervical Cancer, Kidney Cancer, Bladder Cancer, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Market Competition Scenario & Outlook, 2016-2026
- Published Date: January 2020
- Report ID: BWC19381
- Available Format: PDF
- Page: 210
Global Oncology/Cancer Drugs Market Overview
Cancer is a chronic disease group characterized by uncontrolled harmful cell growth. The most common types of cancer are breast cancer, lung cancer, colorectal cancer, cervical cancer, and thyroid cancer. The three main types of drugs used for cancer are cytotoxic drugs, targeted drugs, and hormonal drugs, depending on their mechanism of action. Due to increased drug approvals and the advent of bio-similar drugs for cancer treatment, the Global Oncology Drug Market has seen tremendous growth in the recent past. Increasing spending on cancer treatment has also led to increased research and development efforts to develop new, highly effective, and least side-effect cancer drugs.
Global Oncology/Cancer Drugs Market Outlook and Trends
The global market for Oncology/Cancer Drugs is anticipated to expand at a 7.2% CAGR during the projection period. An increase in the incidence of cancer over the world and a significant increase in government healthcare outlay facilitate growth in the Global Market for Oncology/Cancer Drugs. An increase in the number of pipeline drugs and untapped potential combined with rising alliances among pharmaceutical companies offer lucrative opportunities to the market players in the industry, particularly in emerging countries. Besides, the rising geriatric population and cancer-causing factors, as well as the high probability of cancer cases in emerging economies, induce the demand for cancer-treating drugs. The market is expected to witness substantial growth during the projection period due to the factors mentioned above. However, adverse drug-related effects hinder the growth of the market.
Rising incidence of cancer cases across the globe
The escalating cases of cancer across the globe are attributed to several factors, such as the growing ageing population, as well as the thriving prevalence of specific cancer causes linked to social and economic development. In fast-growing economies, the shift has been noticed from poverty-related cancers and infections to lifestyle-related cancers. It directly drives substantial demand for oncology drugs in the global market with significant growth.
Need for Innovative Drugs and Target Groups
Cancer research organizations are involved in the development of drugs that target cancer cells directly and help destroy them. R & D and novel drugs play a crucial role in the growth of the Global Market for Oncology/Cancer Drugs. Also, the emphasis on biological therapy has recently brought massive revenues to the global market for oncology/cancer drugs.
Adverse effects associated with the use of cancer drugs
Despite the improved efficacy and enhanced survival offered by modern treatments, the side effects and long-term sequel of anti-cancer chemotherapy remain a significant concern for both patients and medical professionals.
Global Oncology/Cancer Drugs Market Segmentation
By Drug Class Type
Targeted therapy and Chemotherapy segments together accounted for nearly three-fourths of total market share in 2019 based on drug class type, and are expected to maintain dominance in the cancer drug industry over the forecast period. Conversely, the section of immunotherapy is predicted to be a witness of lucrative growth due to higher survival rates and use-related relief.
Based on the indication, it is estimated that the lung cancer segment would record a significant rate of growth from 2020 to 2026 due to a considerable increase in the prevalence of cancer worldwide. On the other hand, the other segments such as Kidney, Breast, and Prostate cancer together have contributed to the largest share of total market share in 2019 and, are projected to continue to lead during the forecast period.
Global Oncology/Cancer Drugs Market: Regional insights
Due to the high adoption rate of cancer drugs, North America was the leading contributor to the worldwide market in 2019 and is expected to maintain the same because of massive healthcare development during the projection period. However, Asia-Pacific is expected to grow at the highest rate due to rising disposable income, research, development & innovation activities, and awareness of various cancers during the forecast period from 2019 to 2026. Due to a vast population base and modern health care facilities, North America and Europe accounted for almost three-fourths of total market share in 2019 and, will register substantial growth by 2026 due to the increased awareness of advanced therapies, growth in cancer cases led by unhealthy lifestyle and easy access of premiere chemotherapy treatments.
The major companies operating in this market are AbbVie Inc., Astellas Pharma, Inc., AstraZeneca PLC, Bristol-Myers Squibb Company, Celgene Corporation, F. Hoffmann-La Roche Ltd., Johnson & Johnson (Janssen Global Services, LLC,), Merck & Co., Inc., Novartis AG, Pfizer Inc. and Other Prominent Players
Scope of the Report
Historical data – 2016-2018
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By Class Type, By Indication and By Region
AbbVie Inc., Astellas Pharma, Inc., AstraZeneca PLC, Bristol-Myers Squibb Company, Celgene Corporation, F. Hoffmann-La Roche Ltd., Johnson & Johnson (Janssen Global Services, LLC,), Merck & Co., Inc., Novartis AG, Pfizer Inc. and Other Prominent Players
and other prominent players.
By Class Type
Ø Targeted Therapy
Ø Immunotherapy (Biologic Therapy)
Ø Hormonal Therapy
Ø Lung Cancer
Ø Stomach Cancer
Ø Colorectal Cancer
Ø Breast Cancer
Ø Prostate Cancer
Ø Liver Cancer
Ø Esophagus Cancer
Ø Cervical Cancer
Ø Kidney Cancer
Ø Bladder Cancer
Ø Other Cancers
Ø North America
Ø Asia Pacific (APAC)
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and estimate the Global Oncology/Cancer Drugs Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global Oncology/Cancer Drugs Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.
Ø To outline, categorize and project the Global Oncology/Cancer Drugs Market based on Class Type, Indication and Region.
Ø To examine competitive developments in product, therapies and indication segments as well as cancer types within the Global Oncology/Cancer Drugs Market.
Ø To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.
Business Questions Answered by the Report:
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client:
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Oncology/Cancer Drugs Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
5. Global Oncology/Cancer Drugs Market Overview
5.1. Market Size & Forecast 2016-2026
5.1.1. By Value (USD)
5.2. Market Share & Forecast
5.2.1. By Drug Class Type
220.127.116.11. Targeted Therapy
18.104.22.168. Immunotherapy (Biologic Therapy)
22.214.171.124. Hormonal Therapy
5.2.2. By Indication
126.96.36.199. Lung Cancer
188.8.131.52. Stomach Cancer
184.108.40.206. Colorectal Cancer
220.127.116.11. Breast Cancer
18.104.22.168. Prostate Cancer
22.214.171.124. Liver Cancer
126.96.36.199. Esophagus Cancer
188.8.131.52. Cervical Cancer
184.108.40.206. Kidney Cancer
220.127.116.11. Bladder Cancer
18.104.22.168. Other Cancer
5.2.3. By Region
22.214.171.124. North America
126.96.36.199. Asia Pacific
188.8.131.52. Latin America
184.108.40.206. Middle East & Africa
6. North America Oncology/Cancer Drugs Market
6.1. Market Size & Forecast 2016-2026
6.1.1. By Value (USD)
6.2. Market estimates & forecast
6.2.1. By Class Type
6.2.2. By Indication
6.2.3. By Country
7. Europe Oncology/Cancer Drugs Market
7.1. Market Size & Forecast 2016-2026
7.1.1. By Value (USD)
7.2. Market estimates & forecast
7.2.1. By Class Type
7.2.2. By Indication
7.2.3. By Country
220.127.116.11. Rest of Europe
8. Asia Pacific Oncology/Cancer Drugs Market
8.1. Market Size & Forecast 2016-2026
8.1.1. By Value (USD)
8.2. Market estimates & forecast
8.2.1. By Class Type
8.2.2. By Indication
8.2.3. By Country
18.104.22.168. South Korea
22.214.171.124. Rest of APAC
9. Latin America Oncology/Cancer Drugs Market
9.1. Market Size & Forecast 2016-2026
9.1.1. By Value (USD)
9.2. Market estimates & forecast
9.2.1. By Class Type
9.2.2. By Indication
9.2.3. By Country
126.96.36.199. Rest of Latin America
10.Middle East & Africa Oncology/Cancer Drugs Market
10.1. Market Size & Forecast 2016-2026
10.1.1. By Value (USD)
10.2. Market estimates & forecast
10.2.1. By Class Type
10.2.2. By Indication
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.3. South Africa
10.2.3.4. Rest of MEA
11.Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
11.1. AbbVie Inc.
11.2. Astellas Pharma, Inc.
11.3. AstraZeneca PLC
11.4. Bristol-Myers Squibb Company
11.5. Celgene Corporation
11.6. F. Hoffmann-La Roche Ltd.
11.7. Johnson & Johnson (Janssen Global Services, LLC,)
11.8. Merck & Co., Inc.
11.9. Novartis AG
11.10. Pfizer Inc.
11.11. Other Prominent Players
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
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