Press release
Generic Oncology Drugs Market is anticipated to be worth around US$ 41.5 Bn by 2031
Generic Oncology Drugs Market 2022
In 2020, net worth of the global generic oncology drugs industry was US$ 23 Bn. Generic oncology drug sales via online pharmacies are expected to increase at the fastest CAGR over the next ten years. Sales revenue from generic oncology drugs is anticipated to be worth around US$ 41.5 Bn by 2031.
Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/25480
Instances of cancer cases have risen exponentially across the globe. From diagnosis to treatment, all aspects of the disease are being researched extensively by numerous market players. Oncology treatment and drugs have proven to be very expensive for everyone, and this has been affecting overall treatment of cancer globally.
Research is focusing on developing new and cost-effective generic oncology drugs that would be helpful in treatment of types of cancers. A major trend to watch out for over the decade would be the use of nanotechnology in the development of generic oncology drugs. With cancer rates surging, the need for a diverse portfolio of generic drugs is being realized, and major as well as new market players are investing in developing a vast portfolio that caters to most needs of patients suffering from different cancer conditions.
Prime players in the industry are investing in the research & development of new products, which, in turn, is expanding their product portfolios across various cancer types.
In September 2021, MSN Labs, a pharmaceutical firm based in India, announced the launch of its new generic drug that will be used in treatment of renal cancer. The drug is called Cabolong, which is a branded generic of Cabozantinib. The drug will be available for treatment in three strength factors of 20mg, 40mg, and 60mg.
In February 2021, Glenmark Pharma, a renowned name in the pharmaceutical industry announced the launch of a new generic cancer drug for the treatment of kidney cancer. This drug is the generic version of FDA approved Suntinib and is named SUTIB.
Company Profiles:
Novartis AG
Pfizer Inc.
GlaxoSmithKline plc
CELGENE CORPORATION
Teva Pharmaceutical Industries Ltd.
Merck & Company, Inc
Aurobindo Pharma.
Hikma Pharmaceuticals PLC
Mylan NV
NATCO Pharma Limited.
Others.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/25480
Key Takeaways from Market Study
The global generic oncology drugs market is predicted to expand at a CAGR of 6% through 2031.
Generic oncology drugs revenue is anticipated to top US$ 41.5 Bn by the end of the decade.
The South Asia market is predicted to rise at the fastest CAGR over the decade.
In 2020, global market revenue totaled a net worth of US$ 23 Bn.
Increasing incidence of cancer across the globe, growing focus on healthcare, rising healthcare expenditure, and advancements in treatment technologies and drugs are some of the major factors influencing industry growth.
"Key players are focusing on diversifying their product portfolios in order to fulfil high demand for generic oncology drugs," says a Persistence Market Research analyst.
Competitive Landscape
The global market for generic oncology drugs has been identified as a fairly fragmented space due to the presence of a high number of market participants.
Some of the key market players included in the report are Novartis AG, Pfizer Inc., GlaxoSmithKline plc, CELGENE CORPORATION, Teva Pharmaceutical Industries Ltd., Merck & Company, Inc, Aurobindo Pharma., Hikma Pharmaceuticals PLC, Mylan N.V., and NATCO Pharma Limited.
These are identified as key manufacturers of generic oncology drugs. They are engaged in market expansion activities and the research & development of new oncology drugs.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global generic oncology drugs market that contains industry analysis of 2016-2020 and opportunity assessment for 2021-2031.
The report provides in-depth analysis of the market through different segments, namely, molecule type, by route of administration, by distribution channel, and region. The report also provides supply and demand trends along with an overview of the parent market.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/25480
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
Related Reports:
Dermatophytic Onychomycosis Therapeutics Market - https://www.persistencemarketresearch.com/market-research/dermatophytic-onychomycosis-therapeutics-market.asp
Cutaneous Mastocytosis Market- https://www.persistencemarketresearch.com/market-research/cutaneous-mastocytosis-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Generic Oncology Drugs Market is anticipated to be worth around US$ 41.5 Bn by 2031 here
News-ID: 2730906 • Views: …
More Releases from Persistence Market Research
Cable Cars and Ropeways Market Set to Reach US$ 9.7 Bn by 2032, Growing at 11.4% …
The Cable Cars and Ropeways Market has emerged as a critical component of modern transportation infrastructure, particularly in regions with challenging terrain, dense urban centers, and growing tourism activities. Cable cars and ropeways are transport systems equipped with installed cables, supported by one or two stationary ropes and powered by an operational rope for propulsion. Often referred to as elevated streetcars, these systems offer an efficient, sustainable, and space-saving alternative…
Automotive Tape Market to Reach US$ 5.6 Bn by 2033 as Key Players 3M, Avery Denn …
The automotive tape market has emerged as a critical enabler of modern vehicle manufacturing, driven by the industry's shift toward lightweight materials, advanced bonding solutions, and streamlined assembly processes. Automotive tapes are increasingly replacing traditional mechanical fasteners such as screws, bolts, and welds, offering superior bonding strength, vibration dampening, corrosion resistance, and enhanced aesthetic finishes. These functional advantages make automotive tapes indispensable across both interior and exterior vehicle applications, including…
Automotive DC-DC Converter Market to Reach US$ 22.7 Bn by 2032 as Key Players In …
The Automotive DC-DC Converter Market is undergoing a transformative phase as the global automotive industry rapidly pivots toward electrification, digitalization, and energy efficiency. Automotive DC-DC converters play a critical role in managing power distribution within vehicles by converting high-voltage battery power into low-voltage energy suitable for auxiliary systems such as infotainment, lighting, safety electronics, and control units. As modern vehicles integrate more electronic components, the need for efficient and compact…
Asia Pacific Polyol Esters Market Predicted to Hit US$ 2.8 Bn by 2032 Driven by …
Introduction: Setting the Stage for Polyol Ester Growth in Asia Pacific
The Asia Pacific polyol esters market is gaining remarkable momentum as industries increasingly seek high-performance, environmentally friendly, and thermally stable lubricant solutions. Polyol esters are synthetic or naturally derived esters widely used in refrigeration oils, aviation turbine oils, industrial lubricants, and automotive engine formulations. Their superior viscosity control, oxidation resistance, and biodegradability make them an ideal choice for modern industrial…
More Releases for Pharma
Miglitol Market Size, Share and Forecast By Key Players-Weiao Pharma, Zhejiang M …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Miglitol market is anticipated to grow at a compound annual growth rate (CAGR) of 11.49% between 2024 and 2031. The market is expected to grow to USD 22.32 Billion by 2024. The valuation is expected to reach USD 47.79 Billion by 2031.
The Miglitol market is experiencing significant growth due to the rising prevalence of diabetes and the increasing awareness of the…
Dacarbazine Market Size, Share and Forecast By Key Players-Lingnan Pharma, Ruiyi …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Dacarbazine market is anticipated to grow at a compound annual growth rate (CAGR) of 14.63% between 2024 and 2031. The market is expected to grow to USD 25.32 Billion by 2024. The valuation is expected to reach USD 65.84 Billion by 2031.
The Dacarbazine market is projected to witness significant growth in the coming years, driven by increasing…
Dacarbazine Market Size, Share and Forecast By Key Players-Lingnan Pharma, Ruiyi …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Dacarbazine market is anticipated to grow at a compound annual growth rate (CAGR) of 14.63% between 2024 and 2031. The market is expected to grow to USD 25.32 Billion by 2024. The valuation is expected to reach USD 65.84 Billion by 2031.
The dacarbazine market is experiencing steady growth, driven by the rising incidence of cancer globally. As…
Epilepsy Pipeline Assessment 2024: Therapies, Clinical Trials, and Market Insigh …
(Las Vegas, Nevada, United States) As per DelveInsight's assessment, globally, Epilepsy pipeline constitutes 75+ key companies continuously working towards developing 90+ Epilepsy treatment therapies, analysis of Clinical Trials, Therapies, Mechanism of Action, Route of Administration, and Developments analyzes DelveInsight.
The Epilepsy Pipeline report embraces in-depth commercial and clinical assessment of the pipeline products from the pre-clinical developmental phase to the marketed phase. The report also covers a detailed description of the…
Global Indomethacin Market Seeking Excellent Growth by 2028 | Ratiopharm, Merck, …
"IBI has published a report entitled Global Indomethacin Market Research Report which provides comprehensive data on emerging trends, market drivers, growth opportunities, and barriers that could change the dynamics of the industry market. It provides an in-depth analysis of market segments which includes the product, application, and competitor analysis.
Click Here To Order A Sample Copy Of Indomethacin Global Market Report : https://www.infinitybusinessinsights.com/request_sample.php?id=380382
The Indomethacin Global Market Research Report provides close monitoring…
Roxatidine Market 2020: Top Companies Analysis To Grow Healthcare Business by 20 …
Business Industry Reports Research has recently announced a report on Global Roxatidine Market based on the Category Industry. The Roxatidine Market report emphasizes various key aspects, which include growth drivers, restraints, opportunities and recent market trends for the forecast period 2020-2024.
Global Roxatidine Market overview:
Business Industry Reports Analyst covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the…
