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Global Cancer Treatment Drugs Market Trends, Insights to 2023, Key Players-Amgen, AstraZeneca, Bristol-Myers Squibb, Bayer AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline PLC., Johnson & Johnson., Merck & Co. Inc.
Global Cancer Treatment Drugs Market
Cancer is one of the leading causes of death globally. Cancer therapies are drugs that block the growth and multiplication of cancer by interfering with specific molecules, such as DNA or proteins, which are involved in the growth or expansion of cancerous cells. One of the first-place, cancer often spreads to the lymph nodes. Lymph nodes are tiny, bean-shaped organs that help fight infection. They are located in clusters in different parts of the body, such as the neck.
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Cancer may also spread through the bloodstream to distant parts of the body. These parts may include the bones, liver, lungs, or brain. Even if the cancer spreads, it is still named for the area where it began. For example, if breast cancer spreads to the lungs, it is called breast cancer, not lung.
Cancer Treatment Drugs varies for various different cancer. Its treatment depends on the Particular stage of cancer. Some types of cancers grow slowly and some rapidly. Treatments include prescription creams or surgery to remove the cancer. In some cases, radiation therapy may also be required.
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Global Cancer Treatment Drugs Market-Drivers and Restraints:
According to World Health Organization (WHO), in 2015, cancer was the second leading cause of death accounting for 8.8 million deaths, worldwide, and the number of new cancer cases is expected to rise by about 70% over the next two decades. It has been identified that approximately 70% of deaths from cancer occur in low- and middle-income countries. Cancer rates could further increase by 50%, to 15 million new cases by 2023, as per World Cancer Report. A strong R&D Initiatives from key players are anticipated to drive the market for global cancer therapies. The annual growth rate in cancer drug costs increased rapidly from 3.8% in 2011 to 11.5% in 2015, at a constant exchange rate. Growth in the American market rose from 2.0% to 13.9% during the same time period which is higher.
Global Cancer Treatment Drugs Market-Geographical Segmentation: From a geographical perspective, North America dominates the global cancer therapy market, owing to high prevalence of cancer in the region because of a sedentary lifestyle, along with launch and growing adoption of novel cancer therapy in the region. Companies and research organizations are investing in R&D activities, resulting in the rapid growth of the market. Cancer Therapy by region includes North America, Europe, Asia Pacific, Middle East Africa and South America. The growth rate of cancer Treatment drugs is foreseen to increase by 8.37% for every year rapidly. Some of the key developments made in recent years are Bristol-Myers Squibb Company’s deal with Nektar Therapeutics in February 2018 and AstraZeneca and Merck & Co., Inc., received approval from US Food and Drug Administration in January 2018.
Key Companies in Global Cancer Treatment Drugs Market:
Amgen, AstraZeneca, Bristol-Myers Squibb, Bayer AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline PLC., Johnson & Johnson., Merck & Co. Inc., Novartis AG, Pfizer Inc., among others
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