Press release
Oncology Drugs Market 2019| Industry Analysis, Size, Share, Growth by 2025
Oncology Drugs Market
Eminent industry players functioning in oncology drugs market include AbbVie, AstraZeneca, Bayer, Bristol-Myers Squibb, Celgene, Eli Lilly, Hoffmann-La Roche, Merck, Novartis and Pfizer. Prominent industry players adopt several organic growth strategies to sustain market competition.
Europe oncology drugs market will account for substantial revenue share by 2025 owing to increasing government support. Different factors such as developed healthcare infrastructure, new drug development coupled with government initiatives should foster the overall regional growth. Furthermore, strong foothold of prominent industry players focusing on developing innovative drugs thus accelerates regional growth.
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Surging demand for personalized cancer medication will propel the oncology drugs industry growth. Personalized medication identifies the patient's genetic makeup along with tumor growth and helps physician to effectively screen and treat the tumor. This medication targets cancer specific proteins and genes to efficiently manage patient's overall health conditions. Moreover, different cancers are targeted with personalized medicines such as gastrointestinal stromal tumor, colorectal, kidney, lung and breast cancer among others that further treats patients health condition. However, adverse side effects associated with the use of drugs should hamper the oncology drugs market progress.
Oncology drugs market is segmented based on drug type, cancer type and distribution channel. The drug type segment is bifurcated into cytotoxic drugs, targeted drugs, hormonal drugs. The targeted drugs segment is estimated to witness lucrative growth trend during the analysis period. Targeted therapies target the cancer's tissue environment, proteins and specific genes that contributes to cancer survival and growth. Moreover, the U.S. FDA has approved numerous targeted therapies and drugs for several other types of cancer. Thus, above mentioned factors thereby fosters the overall segmental growth.
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Cancer type segment covers breast, colorectal, lung, prostate, blood cancer and others. Lung cancer segment will considerably grow during the forecast timeline. According to the data published on CDC, 218,229 American patients were suffering from bronchus and lung cancer in 2016. Thus, selection of accurate treatment at early stages plays a crucial role in the treatment of cancer. Therefore, availability of different drugs used for the treatment of lung cancer should accelerate the segmental progress.
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Oncology Drugs Market By Drug Type, 2014-2025 (USD Million)
o Cytotoxic drugs
o Alkylating agents
o Antimetabolites
o Others
o Targeted drugs
o Monoclonal antibodies
o Small-molecule drugs
o Others
o Hormonal drugs
o Ovarian function blockers
o Selective estrogen receptor modulator (SERM)
o Others
o Others
Oncology Drugs Market By Cancer Type, 2014-2025 (USD Million)
o Breast Cancer
o Colorectal Cancer
o Lung Cancer
o Prostate Cancer
o Blood Cancer
o Others
Oncology Drugs Market By Distribution Channel, 2014-2025 (USD Million)
o Retail pharmacies
o Hospital pharmacies
o Online pharmacies
More Insightful Info: https://www.marketwatch.com/press-release/oncology-drugs-market-2019-outlook-opportunity-and-demand-analysis-report-by-2025-2020-01-22
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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