Lung Cancer Therapeutics Market Volume, Development, Opportunities, Market Dynamic Forces, Higher Growth Prospects during 2021-2031 | Eli Lilly and Company, Celgene Corporation, AstraZeneca, Pfizer Inc., Sanofi

The global lung cancer therapeutics market was valued at USD 18.3 billion in 2021 and it is anticipated to grow further till USD 74.1 billion by 2031, at a CAGR of 15.0% during the forecast period.

New York, According to a new market research report published by Global Insight Services Lung Cancer Therapeutics Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

The uncontrolled proliferation of cells in the lung tissues causes lung cancer, a deadly lung tumor. The main risk factor for lung cancer development is cigarette smoking. Lung cancer can also be brought on by smoking tobacco for a long time. Using bronchoscopy or CT guidance, a biopsy is performed to confirm the diagnosis of lung cancer. Therefore, chemotherapy, radiation, immunotherapy, surgery, etc. can all be used to treat lung cancer.

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Market Trends and Drivers

Rising cancer awareness in both developed and developing countries, the introduction of new medical diagnostic tools and cutting-edge treatments, and an increase in lung cancer diagnoses have all contributed to the market expansion for lung cancer medicines. The expansion of the global market is also being boosted by this, along with rising investments made by leading players in research and development activities. Due to an increase in lung cancer cases, more attention is being paid to R&D projects, which is what is causing the market to alter.

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Global Lung Cancer Therapeutics Market Segmental Overview

The report analyses the global lung cancer therapeutics market based on the therapy, cancer type, distribution channel, and region.

Global Lung Cancer Therapeutics Market by Therapy

Based on therapy, it is segmented into targeted therapy, immunotherapy, chemotherapy. The targeted therapy segment is anticipated to dominate the market during the forecast period. The key factors such as increasing R&D advances leading to greater adoption of sophisticated and advanced therapies such as immunotherapy coupled with the increasing prevalence of lung cancer is boosting the growth of the market.

Global Lung Cancer Therapeutics Market by Cancer Type

Based on the cancer type, it is segmented into non-small cell lung cancer and small cell lung cancer. The non-small cell lung cancer segment is anticipated to dominate the market during the forecast period. The increasing prevalence of all types of cancers are prevalent in the general population and lung cancer is one of the most common forms of cancer. The rising prevalence and rising incidence of lung cancer across all demographics and across all age groups have led to increasing demand for lung cancer therapeutics during the forecast period.

Major Players in the Global Lung Cancer Therapeutics Market

The key players studied in the report are Genentech (F. Hoffmann-La Roche Ltd), Eli Lilly and Company, Celgene Corporation, AstraZeneca, Pfizer Inc., Sanofi, Novartis AG, Astellas, Bristol Myers Squibb, Boehringer Ingelheim Pharmaceuticals, Inc., Millennium Pharmaceuticals, Inc. (Takeda), and Merck Sharp & Dohme Corp. among others.

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Reasons to buy Lung Cancer Therapeutics Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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