Press release
Global Oncology Drugs Market Projected to Grow at a CAGR Of 7.66% From 2020 TO 2025 |Top Key Players are Roche Holding AG, Teva, Bayer AG, Bristol-Myers Squibb, Sanofi, Johnson & Johnson, Merck & Co., Novartis AG, Pfizer Inc.
Chemotherapy dominated the global oncology drugs market in 2018.
Oncology Drugs Market Key Players:
The key competitors of this market include Roche Holding AG (Switzerland), Amgen Inc. (United States), Takeda Pharmaceutical Company Limited (Japan), Bayer AG (Germany), Boehringer Ingelheim GmbH (Germany), Bristol-Myers Squibb Company (United States), Celgene Corporation (United States), Eli Lilly and Company (United States), Johnson & Johnson (United States), Merck & Co., Inc. (United States), Novartis AG (Switzerland), Pfizer Inc. (United States), Sanofi (France), Teva Pharmaceutical Industries Limited (Israel) and among others.
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Oncology Drugs Market Outlook:
There has been tremendous innovation over the past decade with the emergence of new drugs with very promising efficacy, such as, immunotherapy, along with increasing adoption of precision medicine technologies including companion diagnostics and targeted therapy, as well as advanced monitoring techniques such as liquid biopsy. Moreover, advances in molecular and genomic research have revealed underlying complexities and provided insights into cancer, which is more than 200 unique diseases.
Oncology Drugs Segmental Overview:
The oncology drugs market is segmented by therapeutic module, cancer type and geography
Oncology Drugs Market by Therapeutic Module:
• Chemotherapy
• Targeted Therapy
• Immunotherapy
• Hormonal Therapy
• Others
Chemotherapy dominated the global oncology drugs market in 2018.
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Oncology Drugs Market by Cancer Type:
Based on cancer type, the market is segmented into blood cancer, breast cancer, gastrointestinal cancer, prostate cancer, lung cancer, skin cancer and others. Other cancer types majorly include kidney cancer, head & neck cancers, lip cancer, bladder cancer among others. The global oncology drugs market was dominated by the blood cancer market in 2018.
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Oncology Drugs Market by Geography:
North America dominated the global oncology drug market in 2018. A combination of factors such as technology innovations, medical insurance coverage, aging population, and changing lifestyles are seen to affect market dynamics significantly. The industry has seen several recent changes including growing competition, rise in merger and acquisition activities, increased cancer health insurance coverage, and an increasing amount of foreign direct investment. Also, Asia-Pacific is anticipated to be the fastest growing region growing at a highest CAGR during the forecast period.
Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.
Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.
Manish Shelar
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Email: sales@axiommrc.com
Website: http://axiommrc.com
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