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Cancer Drug Market estimated to Push Growth Margin by year 2023

08-01-2018 04:52 PM CET | Health & Medicine

Press release from: Genesis market insights

Cancer Drug Market

Cancer Drug Market

Global Cancer Drug Market was valued at USD 73.41 Billion in the year 2017. Global Cancer Drug market is further estimated to grow at a CAGR of 7.98% from 2018 to 2023 to reach USD 116.39 Billion by the year 2023. North America region holds the highest market share in 2017 with APAC region is considered as the fastest growing market in the forecasted period. At a country level, the U.S is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.

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Roche Diagnostics (Switzerland), Celgene (U.S), Johnson & Johnson (U.S) and Novartis (Switzerland) are some of the key manufacturers in the Global Blood Screening market. From all the key players Roche Diagnostics holds the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers

Growing incidence and pervasiveness of various types of cancer
Academic alliances and partnerships

Restrain

Side-effects of anti-cancer drug therapy
The high cost of drug development and a threat of failure

Opportunity

Scientific advancements in treatment methods
Increasing focus on personalized Anti-cancer medicine

Challenge

Patent Cliff

The Immunotherapy segment in the global Cancer Drug Market is expected to hold the highest market share during the forecast period. The growth can be attributed to growing areas within oncology R&D, high efficacy and fewer side effects and unique molecular level targeting. On the other hand, Blood Cancer by the application is expected to grow at the highest CAGR during the year 2018-2023. Majorly due to growing number of blood cancer patient and the high cost of drugs used for the treatment of blood cancer.

Key Benefits for Stakeholders

• Cancer Drug Manufacturers, Distributors and Retailers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.

By Products & Services

• Immunotherapy (biologics therapy)
• Hormonal therapy
• Targeted therapy
• Chemotherapy
• Others

By Application

• Gastrointestinal cancer
• Blood cancer
• Prostate cancer
• Skin cancer
• Respiratory/lung cancer
• Breast cancer
• Other types of cancers

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Roche Holdings Inc.
• Johnson & Johnson
• Novartis AG
• Celgene
• Eli Lilly and Company
• Pfizer
• Celgene Corporation
• Sanofi
• Merck & Co.
• Amgen Inc.

Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/94/28/Cancer-Drug-Market

About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt. Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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