Antitumor Antibiotics Market Trends, Growth, Size, Share, Demand and Forecast to 2021-2031 | Keyplayer Amgen, Inc., AG Scientific

Antitumor Antibiotics Market: Introduction
•Antitumor antibiotics are chemotherapy agents that work by altering the DNA inside cancerous cells. Unlike common antibiotics, which are used to treat infections, antitumor antibiotics interfere with enzymes that are involved in copying DNA during the cell cycle.
•A major concern associated with antitumor antibiotics is that when given in high doses, these drugs can permanently damage the heart. Hence, lifetime dose limits are set for these drugs.
• Antitumor antibiotics are widely used in the management of various cancers. Antibiotics that are used in chemotherapy act via different modes of action.
•Some antitumor antibiotics work as potent intercalating agents, whereas some act by damaging the DNA. The discovery and development of DNA-specific drugs have shown enhanced efficacy compared to other drugs. This is anticipated to drive the global market during the forecast period.

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Key Drivers, Restrains, and Opportunities of Global Antitumor Antibiotics Market
•The global antitumor antibiotics market is expected to grow at a rapid pace in the next few years. The global market is likely to be propelled by rise in prevalence of different types of cancer and strong research & development activities in the field of cancer therapeutics.
•Moreover, significant changes and modification in the parent chemical structures and introduction of newer classes of antibiotics are projected to augment the global market during the forecast period. According to the American Cancer Society (2021), the global burden of cancer is estimated to have risen to 19.3 million new cases and 10.0 million deaths in 2020.

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North America to Capture Major Share of Global Antitumor Antibiotics Market
•In terms of region, the global antitumor antibiotics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for prominent share of the market in terms of revenue from 2021 to 2031. Increase in research & development activities in the field of cancer therapeutics, high awareness among people about different diagnostic procedures, and rise in disposable income are attributed to the region's large market share.
•According to the National Cancer Institute, the U.S., increase in the incidence and prevalence of cancer have a major impact on the society across the world. According to estimates of the institute, in 2020, around 1.8 million people were diagnosed with cancer and about 606,520 people succumbed to the disease in the U.S.
•Europe is anticipated to account for significant share of the market during the forecast period, owing to high awareness among people about treatment options, increase in the geriatric population, and high diagnosis rate of cancer in the region
•The antitumor antibiotics market in Asia Pacific is expected to grow at a rapid pace from 2021 to 2031. Increase in government initiatives in the field of health care, surge in the geriatric population, rise in disposable income, and increase in awareness among people are likely to fuel the growth of the antitumor antibiotics market in the region.

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Key Players Operating in Global Antitumor Antibiotics Market
Major players operating in the global antitumor antibiotics market are:
• Amgen, Inc.
• AG Scientific
• Merck & Co, Inc.
• Pfizer, Inc.
• Novartis International AG
• Bristol-Myers Squibb Company
• Johnson & Johnson Services, Inc.
• Astellas Pharma, Inc.
• Other prominent players
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