Global Cancer Therapeutics Market Expected to Reach $178,863 Million by 2023

Thursday, June 14, 2018 Cancer News
Email Print This Page Comment bookmark
Font : A-A+

PORTLAND, Oregon and PUNE, India, June 14, 2018 /PRNewswire/ --

According to a new

report published by Allied Market Research, titled, "Cancer Therapeutics Market by Application and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023", the market was valued at $81,291 million
in 2016, and is projected to reach $178,863 million by 2023, at a CAGR of 11.9% from 2017-2023. The market is driven by factors such as development of novel cancer therapeutics and surge in cancer awareness & availability of oncology drugs in developing markets.

     (Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

The key drivers of the global cancer therapeutics market are surge in geriatric population and rise in the number of collaborations & partnerships to facilitate drug development. In addition, heavy inflow of investment in R&D activities has enhanced the development of cancer therapeutics; furthermore, favorable government regulations for cancer therapeutics and surge in cancer prevalence boost the market. The high-demand for personalized medicine along with high potential of emerging economies provide lucrative opportunities to the market. However, adverse effects related to cancer therapeutics and high-costs associated with oncology drugs impede the market growth.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/480

Recent progress in biological therapies have widened the scale of therapeutic targets for treatment of cancer with the identification of tumor cell specific genes. Immunotherapies/biologics are emerging as the potential therapies to find a permanent cure for various cancer types among various cancer therapeutics.

Among the different applications, lung cancer nearly occupied one-fourth share in the global cancer therapeutics market in 2016. This can be attributed to the fact that, prevalence of lung cancer is increasing both in developed and developing economies. Furthermore, pharmaceutical companies are developing new and improved drugs to tackle the burden of this disease.

Key Findings of the Cancer Therapeutics Market: 

  • Europe accounted for more than one-fourth of the share of the cancer therapeutics market in 2016.
  • The prostate cancer application segment is anticipated to grow with the highest CAGR throughout the forecast period.
  • Revlimid brand occupied the largest share in the top selling drugs segment in 2016.
  • Asia-Pacific is anticipated to grow at the highest rate in the cancer therapeutics market during the analysis period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/480

North America was the leading revenue contributor to the global market in 2016, owing to high adoption rate of cancer therapeutics. North America occupied nearly half of the total market share in 2016. However, Asia-Pacific is expected to grow at the highest CAGR of 13.6% from 2017-2023, owing to increase in disposable income; surge in research, development, & innovation activities; and growth in awareness of cancer therapeutics.

The report provides extensive competitive analysis and profiles of the key market players such as F. Hoffmann-La Roche AG, Bristol-Myers Squibb Company, AbbVie, Inc., Johnson & Johnson, Celgene Corporation, Astellas Pharma, Inc., Pfizer, Inc., Novartis AG, Merck KGaA, and Eli Lilly and Company. The other players in the value chain (not included in the report) include AstraZeneca plc, Bayer AG, and Takeda Pharmaceutical Company Limited.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

Similar Reports: 

Gynecological Cancer Drugs Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

Protein Therapeutics Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1?855?550-5975 help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store