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Factors Shaping the Growth of the Chemotherapy Industry: A Comprehensive Analysis By The Business Research Company || GlaxoSmithKline PLC, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc
Chemotherapy Market
Chemotherapy Market Size, Growth Rate, And Forecast
The global chemotherapy market size is expected to grow from $8.22 billion in 2022 to $8.94 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global chemotherapy market size is expected to reach $12.08 billion in 2027 at a CAGR of 7.8%.
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Chemotherapy Market Drivers
The increasing cancer prevalence is expected to propel the growth of the chemotherapy market going forward. Cancer refers to a disease in which a few body cells grow uncontrollably and spread to other parts. In chemotherapy powerful chemicals are used in combination or alone for the treatment of cancer by killing fast-growing cancer cells. In addition, increasing cancer prevalence will increase the demand for chemotherapy. For instance, according to Globocan, a Switzerland-based provider of a worldwide database of cancer prevalence and mortality rates, in 2020 there were around 19.29 million new cancer cases globally, and the number of cancer cases in 5 years is estimated to be 50.55 million. Therefore, the increasing cancer prevalence is driving the chemotherapy market.
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Chemotherapy Market Segments
• By Product Type: Pump, Cannula, Catheter, Other Product Types
• By Service: Blood Cancer, Throat Cancer, Lung Cancer, Ovarian Cancer, Stomach Cancer
• By Drugs: Alkylating Agents, Antimetabolites, Anti-Tumor Antibiotics, Topoisomerase Inhibitors, Mitotic Inhibitors, Other Drugs
• By Route Of Administration: Oral, Intravenous
• By End User: Hospitals, Research Institutes, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the chemotherapy market.
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Chemotherapy Market Key Players
Major competitors in the chemotherapy market are GlaxoSmithKline PLC, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc., Merck & Co Inc., Sanofi S A, Celgene Corporation, Bristol-Myers Squibb Company, Amgen Inc., Bayer AG, Almatic Pharma LLC, AstraZeneca Pharmaceuticals, Astellas Pharma Inc.
The Business Research Company's "Global Chemotherapy Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Chemotherapy Market Include:
1. Executive Summary
2. Chemotherapy Market Characteristics
3. Chemotherapy Market Trends And Strategies
4. Chemotherapy Market - Macro Economic Scenario
5. Chemotherapy Market Size And Growth
………………
27. Chemotherapy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chemotherapy Market
29. Chemotherapy Market Future Outlook and Potential Analysis
30. Appendix
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