Oncology Drugs Market will touch a new level in upcoming year – Key Players Hoffmann-La Roche AG, Novartis International AG, Pfizer Inc., Eli Lilly and Company, Celgene Corporation, Bristol-Myers Squibb, Johnson & Johnson.

Oncology Drugs Market is expected to have a highly positive outlook for the next five years 2018–2026 according to a recently released Oncology Drugs Market research report. The major takeaways in the report are product segment analysis, application segment analysis, regional segment analysis and data of the major Oncology Drugs Market players from around the world. The report presents an introductory as well as detailed information about the Oncology Drugs Market through a well-organized layout divided into easy to understand chapters.

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Key companies in the oncology drugs market are focused on targeting cancer treatment based on personalized medicines. According to Tufts Center for the Study of Drug Development (CSDD), 2015 report, 73% of the cancer medicines in the development have potential to be personalized medicine. Several researches are focused on targeting cancer at molecular level to offer new cancer treatments. According to an article published in The Biopharmaceutical Pipeline, 2013, new molecular entity for cancer treatment holds 80% share in the total pipeline products for cancer treatment. According to same source, the total number of potential first-in-class projects for cancer are 4,358 out of total 5,473 cancer projects.

However, several blockbuster oncology drugs are expected to lose their patent during 2018-2020, which in turn is expected to hamper the market growth during the forecast period. For instance, Roche’s Avastin, which is a humanized monoclonal antibody for the indication of colorectal, lung, breast, glioblastoma, kidney, and ovarian cancer is expected to lose its patent in July 2019 in the U.S. and in January 2022 in Europe. Some of the other drugs that are under patent expiration include, Bristol-Myers Squibb and Eli Lilly and Company’s Erbitux (cetuximab) by 2018; Roche’s Herceptin (trastuzumab) by 2019 and MabThera (Rituximab) by 2018; and Sanofi’s Zaltrap by 2020.

Lorbrena (lorlatinib) Pfizer, for the treatment of ALK-positive metastatic non-small cell lung cancer (approved in November 2018),. Increasing number of blockbuster drugs going off patent is expected to boost entry of biosimilars and generic versions of oncology drugs.

For instance, Avastin (bevacizumab), which is a Humanized Monoclonal Antibody product for Colorectal, lung, breast, glioblastoma, kidney, and ovarian cancer by Roche is going off patent by July 2019 in U.S.
Market Dynamics

Increasing drug approvals and robust pipeline for novel therapeutic agents are some of the key factors driving the oncology drugs market growth. For instance, in August 2017, Tisagenlecleucel (Kymriah), a drug developed by Novartis was approved by the U.S. Food and Drug Administration (FDA) for the treatment of pediatric and young adults with refractory or relapsed Acute Lymphoblastic Leukemia (ALL).

Moreover, increasing prevalence of various types of cancer is also fueling the oncology drugs market growth. For instance, according to a report by National Cancer Institute, 2016, around 16.8 million new cases of cancer are diagnosed in the U.S. every year, with around 595,690 deaths from the disease and the number of people with cancer is expected to increase to 19 million by 2024.

Key players operating in the global oncology drugs market include;
- Hoffmann-La Roche AG.
- Novartis International AG.
- Celgene Corporation.
- Johnson & Johnson.
- Bristol-Myers Squibb.
- Pfizer Inc.
- Merck & Co.
- Eli Lilly and Company.

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Detailed Segmentation:

Global Oncology Drugs Market, By Drug Type:
Cytotoxic Drugs
Alkylating Agents
Antimetabolites
Others
Targeted Drugs
Monoclonal Antibodies
Tyrosine Kinase Inhibitors
Others
Hormonal Drugs
Ovarian Function Blockers
Estrogen Production Blockers
Estrogen’s Effect Blockers
Selective Estrogen Receptor Modulators (SERMs)
Others

Global Oncology Drugs Market, By Cancer Type:
Lung Cancer
Breast Cancer
Colorectal Cancer
Prostate Cancer
Blood Cancer
Bladder Cancer
Others

Global Oncology Drugs Market, By Distribution Channel:
Hospitals Pharmacies
Retail Pharmacies
Online Pharmacies

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