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Epidermal Growth Factor Receptor Inhibitors System Market Analysis 2019 Top companies are AstraZeneca, F. Hoffmann-La Roche Ltd, Pfizer Inc.
Epidermal Growth Factor Receptor Inhibitors System Market
Market Analysis:
Global epidermal growth factor receptor inhibitors market is rising gradually with a healthy CAGR of 9.3% in the forecast period of 2019-2026. Increasing special drug designations to EGFR inhibitors due to their high efficacy drives the growth of market brings great opportunities for the growth of market.
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Key Market Players:
Few of the major competitors currently working in the global epidermal growth factor receptor inhibitors market are AstraZeneca, F. Hoffmann-La Roche Ltd, Pfizer Inc., Spectrum Pharmaceuticals, Inc., CULLINAN ONCOLOGY, LLC, TAIHO PHARMACEUTICAL CO., LTD., Lutris Pharma, Boehringer Ingelheim International GmbH, Puma Biotechnology, IncApollomics, Inc., Hutchison MediPharma Limited, Genentech, Inc., ASLAN Pharmaceuticals, DAIICHI SANKYO COMPANY, LIMITED, Hutchison China MediTech Limited, Sihuan Pharmaceutical Holdings Group Ltd, Astellas Pharma Inc., Celldex Therapeutics, YUHAN, Johnson & Johnson Services, Inc. among others.
Global Epidermal Growth Factor Receptor Inhibitors Market By Application (Lung Cancer, Liver Cancer, Breast Cancer, Others), Drugs (Cetuximab, Erlotinib, Gefitinib, Others), Route of Administration (Oral, Injectable, Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Definition:
Epidermal growth factor receptor is a tyrosine kinase receptor which is responsible for cell growth. The uncontrolled cell growth of cancer cells are characterized by high levels of epidermal growth factor receptors caused by mutation in responsible genes for production of these proteins. EGFR inhibitors are the drugs that block the receptors and inhibit the cell growth for a long duration of time. EGFR inhibitors are mostly used for treatment of lung cancer, liver cancer, breast cancer, collateral cancer among others.
According to World Health Organization (WHO), approximately 9.6 million deaths are reported in 2018 by cancer which includes lung, prostate, stomach and liver cancer as the most common types of cancers. Epidermal growth factor receptor inhibitors are a potent class of drugs for treatment of these major cancers.
Market Drivers
High research and development of novel EGFR inhibitors drives the market growth
Increasing incidence rate of cancer worldwide will drive the market growth
Adoption of harsh lifestyle and rising consumption of alcohol and tobacco increases causes number of cancers; this factor will also uplift the market growth
Increasing geriatric population developing different diseased conditions demand EGFR inhibitors therapies which will boost the growth of the market in the forecast period
Market Restraints
High cost associated with the therapies hampers the market growth
Availability of alternative therapies restrains the market growth
Clinical failure of potential is another factor restricting this market growth
Segmentation: Global Epidermal Growth Factor Receptor Inhibitors Market
By Application
Lung Cancer
Liver Cancer
Breast Cancer
Others
By Drugs
Cetuximab
Erlotinib
Gefitinib
Others
By Route of Administration
Oral
Injectable
Others
By End Users
Hospitals
Homecare
Specialty Clinics
Others
By Distribution Channels
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Others
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Key Developments in the Market:
In September 2019, AstraZeneca received marketing authorization from the National Medical Products Administration (NMPA) in China for Tagrisso (osimertinib), an EGFR tyrosine kinase inhibitor used for treatment of patients with EGFR-mutated non-small cell lung cancer. This approval will provide the marketing and commercialization exclusivity of the drug to Chinese companies which will further help in expanding the business portfolio
In August 2018, F. Hoffmann-La Roche Ltd received the U. S. FDA approval for Cobas EGFR Mutation Test v2, a liquid biopsy diagnostic test used in combination with Irresa (gefitinib), an EGFR inhibitor for treatment of non-small cell lung cancer. Cobas is the only FDA approved diagnostic test for NSCLC. This test will provide an effective and safer therapy for patients with NSCLC and expands the diagnostic business segment of F. Hoffmann-La Roche Ltd
Competitive Analysis:
Global epidermal growth factor receptor inhibitors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of epidermal growth factor receptor inhibitors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global epidermal growth factor receptor inhibitors market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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