An estimated 8.2 million deaths that occurred in 2012 were directly related to cancer. The number of new cancers are also likely to rise by a rated 70 percent over the next two decades, according to the World Health Organization.
‘Early detection and treatment can reduce cancer mortality, and the development of advanced therapeutic modalities have benefited from the anti-cancer drugs market.’
In 2012, about 13 percent of the total number of new cases diagnosed was lung cancer, which is the most common cancer across the world, followed by breast cancer - 1.7 million new cases, and colorectal cancer cases were 1.4 million.
Early detection and treatment can reduce cancer mortality. Diagnosing the disease at the right time could be the key to a useful and adequate treatment of the disease.
The global anti-cancer drugs available in the market today can be accounted for the enormous amount of innovation that could transform the scene for patients, providers, and companies.
In 1990, after diagnosis, only half of all cancer patients lived for five years, which has increased to two-thirds, as a result of consistent innovation in the anti-cancer drugs market. revealed SEER (Surveillance, Epidemiology, and End Results) survival statistics.
The report serves as a blueprint for all stakeholders in the anti-cancer drugs market. This report also gives them a fresh, objective, and accurate perspective of the global industry and further examines the key factors administering its growth from 2016 to 2024.
The rising global incidence of various cancers is the primary factor for increasing the demand for anti-cancer drugs.
Additionally, the development of advanced therapeutic modalities like targeted therapies, chemotherapy, immunotherapy, and hormonal therapies have benefited from the anti-cancer drugs market in the past few years.
Anti-cancer drugs market is predicted to benefit from the commercialization of follow-on-biologics and patent expiration of several blockbuster drugs, revealed the report.
In the development of anti-cancer drugs, extremely high costs are involved, and the threat of failure of the drugs, along with the side effects are the expected challenges in expanding the global market in the next few years.
However, government funds are likely to reduce the negative impact of these obstacles and continue launching the anti-cancer drugs market.