Latin America Oncology Drugs Market Rise in Awareness about the Treatments, Technologies, and the Disease Itself Drive the Market Growth

The Latin American oncology drug market is categorized by treatment type, cancer type and country. Depending on the type of treatment, the market is divided into chemotherapy, target therapy, immunotherapy (biotherapy), and hormonal therapy. Depending on the type of cancer, the market is classified as blood cancer, breast cancer, gastrointestinal cancer, respiratory / lung cancer, skin cancer and other cancers. We study markets in Brazil, Argentina, Colombia, Chile and Peru by country.

The companies operating in the market are Novartis A.G., F. Hoffmann-La Roche Ltd, Medley Genomics, Eurofarma Laboratrios S.A., Ach Laboratrios Farmacuticos S.A., Laboratorios IMA, Laboratrio Cristlia, Icon Plc., Sanofi S.A and Laboratoires Pierre Fabre.

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Oncology drugs include chemotherapy, hormone therapy, immunotherapy and other drugs useful for cancer treatment. According to the Centers for Disease Control and Prevention (CDC), 21.1 million adults were diagnosed with cancer in 2015. This increases the number of oncology drugs in the market. In Latin America and the Caribbean, about 1.1 million new cases of cancer and 600,000 cancer deaths are expected each year.

Increased prevalence of cancer, increased population, increased dispatchable money in the older areas of society, increased awareness of therapy, technology and disease itself drive market growth. However, the risks associated with anticancer therapy, as well as the threat of side effects, together with the high cost of drug development, inhibit market growth. Nonetheless, advances in cancer drug research due to biological / targeted therapies and tailor-made drugs provide promising opportunities for pharmaceutical, biopharmaceutical and biotechnology companies engaged in cancer drug development.

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Key Benefits
• The study provides an in-depth analysis of the Latin America oncology drug market along with current trends and future estimations to elucidate the imminent investment pockets.
• It presents a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis of the market by product type elucidates the various forms of available oncology drugs.
• Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.
• By geography, the market is analyzed across Latin America such as Brazil, Argentina, Columbia, Peru, and Chile.

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