Press release
Anti-cancer drugs Market Size, Current Status, Opportunities, Revenue Analysis, Growth Trends and Future Forecast Until 2027 | Novartis AG, AbbVie Inc. Sanofi, EIMC United Pharmaceuticals (EUP), and Actavis plc.
LAMEA Oncology/Anti-cancer Drugs Market Overview
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The growth of the oncology/anti-cancer drugs market in LAMEA is driven by the surge in incidence and prevalence of various types of cancer, rise in awareness pertaining to biological and targeted drug therapies, growth in funding and aid from both public and the private sector. Additionally, growing healthcare & medical awareness along with unprecedented advancement of anti-cancer drugs research would create lucrative opportunities for new market players in the future. However, the adverse side-effects of cancer drug therapy, the high cost of drug development, and substantial threat of failure hamper market growth.
Key findings of LAMEA Oncology/Anti-Cancer Drugs Market:
Immunotherapy (biologic therapy) is projected to be the fastest growing segment, registering a CAGR of 12.2% during the forecast period.
Chemotherapy is expected to dominate the LAMEA oncology/cancer drugs market throughout the forecast period.
Blood cancer segment would lead the LAMEA oncology/cancer drugs market through 2027.
Algeria is anticipated to be the fastest growing country in the LAMEA oncology/anti-cancer drugs market, registering a CAGR of 12.8% between 2015 and 2027.
Brazil was the highest revenue generating country in the LAMEA oncology/anti-cancer drugs market with about one third of market share in 2015.
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The report segments the LAMEA oncology/anti-cancer drugs market by therapeutic modalities, cancer type, and countries. Based on therapeutic modalities, the report sub-segments the market into chemotherapy, targeted therapy, immunotherapy (biologic therapy), hormonal therapy, and others. The chemotherapy segment occupied the highest share in 2014 and is expected to continue its dominance through 2027. However, the immunotherapy (biologic therapy) is expected to register the highest growth rate, a CAGR of 12.2%, from 2015 to 2027.
The report also profiles key players involved in the global gene therapy market, such as
Amgen Inc.,
AstraZeneca Plc.,
Roche Diagnostics,
GlaxoSmithKline PLC,
Merck & Co.,
Novartis AG,
AbbVie Inc. Sanofi,
EIMC United Pharmaceuticals (EUP)
Actavis plc.
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https://www.alliedmarketresearch.com/lamea-oncology-anti-cancer-drugs-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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