Early-Stage Lung Cancer Diagnostics Market Shares, Strategies and Forecast Worldwide, 2018 to 2026
Early-Stage Lung Cancer Diagnostics Market: Drivers and Restraints
The rising prevalence of leukemia and prostate cancer is the primary factor driving the growth of the early-stage lung cancer diagnostics market. Increasing funding by governments for the development of novel therapies for the treatment of cancer is expected to boost the early-stage lung cancer diagnostics market over the forecast period even more. Additionally, the rising focus of pharmaceutical companies on launching improved drugs for the treatment of cancer is also expected to fuel the growth of the early-stage lung cancer diagnostics over the next decade. Also, a surge in the treatment adoption in developing countries is anticipated to boost the revenue of the early-stage lung cancer diagnostics market.
On the other hand, the high cost of drugs may hamper the growth of the early-stage lung cancer diagnostics market to some extent. Moreover, the lack of awareness about the advanced therapies for cancer treatment among people is also expected to deter the growth of the early-stage lung cancer diagnostics market over the forecast period.
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Early-Stage Lung Cancer Diagnostics Market: Segmentation
Tentatively, the global early-stage lung cancer diagnostics market can be segmented on the basis of drug type, application, distribution channel, and geography.
Based on drug type, the global early-stage lung cancer diagnostics market is segmented as:
Heavy Metal Antagonists
Threonine Protein Phosphatases
Based on application, the early-stage lung cancer diagnostics market is segmented as:
Based on distribution channel, the early-stage lung cancer diagnostics market is segmented as:
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Early-Stage Lung Cancer Diagnostics Market: Overview
The global early-stage lung cancer diagnostics market is expected to show significant growth over the forecast period, due to the rise in funding by governments for the development of novel drugs. According to GLOBOCAN, cancer burden has risen to 18.1 million cases and 9.6 million cancer deaths in 2017. GLOBOCAN also estimated that there have been 1.3 million cases of prostate cancer, worldwide, in 2017. By drug type, the polyketides segment is expected to gain the maximum market share, though polyketides will be the most preferred drug for apoptosis-inducing. The prostate cancer segment, by application, is expected to dominate the market by revenue, due to the high adoption of early-stage lung cancer diagnostics for the treatment of prostate cancer. Among all the distribution channels, the hospital pharmacies segment is expected to be the most dominant segment, whereas, the retail pharmacies segment is anticipated show a higher growth rate.
Early-Stage Lung Cancer Diagnostics Market: Regional Outlook
On the basis of geography, the early-stage lung cancer diagnostics market is classified into eight key regions, viz. North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East and Africa. North America is expected to dominate the global early-stage lung cancer diagnostics market, due to the rise in research and development for the development of novel drugs. Europe closely follows North America, due to the rising incidences of cancer in the region. The early-stage lung cancer diagnostics markets in APEJ and Japan are growing swiftly, owing to the rising number of contract research organizations in these regions. Latin America and the Middle East and Africa are the least lucrative regions for the early-stage lung cancer diagnostics market, due to the lack of awareness about the advanced therapies for the treatment of cancer among the people.
Early-Stage Lung Cancer Diagnostics Market: Key Players
Some of the key players found across the value chain of the early-stage lung cancer diagnostics market are BriaCell Therapeutics, Gilead Sciences, Inc., Cellectis S.A., Neon Therapeutics, Loxo Oncology, Bristol Myers Squibb Company, Merck & Co., Inc., F. Hoffmann-La Roche AG, Pfizer Inc., and AstraZeneca plc.
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