The cancer therapeutic drugs market is projected to grow at a CAGR of 6.87% to reach US$223.141 billion by 2024 from US$149.750 billion in 2018. The cancer therapeutic drugs market is expected to grow at a fast pace during the forecast period due to the growing incidence of cancers worldwide. Geographically, North America is expected to hold the highest market share owing to the highest health spending of the United States among all the developed regions, in addition to having a high cancer prevalence in the country. The growing adoption of unhealthy living conditions is further emanating the market growth during the forecast period. Furthermore, growing cancer drug spending is driving the growth of the global cancer therapeutics market during the forecast period. The growing number of clinical trials have improved the chances of new innovations for targeted cancer treatment, emanating the market growth during the forecast period and beyond. Growing health awareness among people worldwide will lead to early diagnosis, further leading to the treatment of cancer, when detected at an early stage, thus, propelling the market growth in the forecast period.
Rising cancer incidences worldwide
Growing cancer drug spending
Increasing health awareness among people worldwide
The high cost of cancer treatment
On 17th June 2019, Pfizer announced that it has entered into a definitive merger agreement under which it will acquire Array Pharma.
On 31st August 2018, Servier Pharmaceuticals announced that it has completed the acquisition of Shire’s oncology business.
Major industry players profiled as part of the report are Pfizer Inc., Celgene Corporation, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Novartis Pharmaceuticals Corporation, Janssen Global Services, LLC, Eli Lilly and Company, Merck & Co., Inc., and Astellas Pharma Inc.
|Market size value in 2018||US$149.750 billion|
|Market size value in 2024||US$223.141 billion|
|Growth Rate||CAGR of 6.87% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Indication, Product Type, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Pfizer Inc., Celgene Corporation, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Novartis Pharmaceuticals Corporation, Janssen Global Services, LLC, Eli Lilly and Company, Merck & Co., Inc., Astellas Pharma Inc.|
|Customization scope||Free report customization with purchase|
The cancer therapeutic drugs market has been analyzed through the following segments:
By Product Type
Middle East and Africa
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Overview and Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5.1. By age group
4.5.2. By region
4.6. Product Pipeline
5. CANCER THERAPEUTIC DRUGS MARKET BY INDICATION
5.1. Skin Cancer
5.2. Lung Cancer
5.3. Breast Cancer
5.4. Prostate Cancer
6. CANCER THERAPEUTIC DRUGS MARKET BY PRODUCT TYPE
7. CANCER THERAPEUTIC DRUGS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Pfizer Inc.
9.2. Celgene Corporation
9.3. F. Hoffmann-La Roche Ltd
9.4. Bristol-Myers Squibb Company
9.5. Novartis Pharmaceuticals Corporation
9.6. Janssen Global Services, LLC
9.7. Eli Lilly and Company
9.8. Merck & Co., Inc.
9.9. Astellas Pharma Inc.
LIST OF FIGURES
LIST OF TABLES
F. Hoffmann-La Roche Ltd
Bristol-Myers Squibb Company
Novartis Pharmaceuticals Corporation
Janssen Global Services, LLC
Eli Lilly and Company
Merck & Co., Inc.
Astellas Pharma Inc.
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