Press release
Global Antineoplastic Drugs Market by Type ( Chemotherapeutic Agents, Biological/Immunotherapeutic Agents, Personalized Medicine), By Application ( Hospitals, Clinics, Cancer Rehabilitation Centers, Ambulatory Surgical Centers) And By Region (North Americ
By 2030, the market for antineoplastic drugs is projected to reach $376 billion, growing at a Compound Annual Growth Rate (CAGR) of 1.7% from 2023 to 2032. This market's expansion can be linked to two factors: the rising desire for personalised medications and the global increase in the incidence of cancer patients.Antineoplastic Drugs are substances created to thwart, eliminate, or stop the spread of cancer cells. They halt cellular reproduction by interfering with the cell cycle. In the end, this prevents tumours from enlarging and dispersing throughout the body. The end consequence is a reduction in pain and other cancer-related symptoms like nausea, vomiting, edoema, etc.
The market is divided into Chemotherapeutic Agents, Biological/Immunotherapeutic Agents, and Personalized Medicine on the basis of Type. Due to the rising incidence rate of cancer patients worldwide, the chemotherapeutic agent held the highest share of this market in 2017.
We used primary and secondary research approaches to conduct a 360-degree analysis of the market for anti-cancer medications. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
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Key Companies Insights
To stay competitive in the global market, players are using new strategies such as new product development, mergers and acquisitions, joint ventures, and geographic expansions.
Some of the key players operating in the global antineoplastic drugs market include:
• Hoffmann-La Roche
• Amgen
• Bristol-Myers Squibb
• Baxter Healthcare
• Boehringer Ingelheim
• Aspen
• Bayer AG
• Teva pharmaceutical Industries
• Johnson & Johnson
• Merc & Co.
• Other players
Some of the Recent Developments:
• In 2020, Boehringer Ingelheim and Oxford BioTherapeutics Ltd. have formed cooperation to find additional selective targets for strategic cancer indications to develop first-in-class cancer medicines. Using its T-cell engager, cancer vaccine, and oncolytic virus platforms, the company will use OBT's OGAP platform to uncover novel target opportunities for new immune therapeutics.
• In 2020, ImmunityBio, Inc. and NantKwest, Inc. joined in March 2021 to form a premier late-stage cell therapy and immunotherapy firm specifying in oncology and infectious illnesses.
Segments
By Drug Class
• Cytotoxic
• Hormonal Therapy
• Targeted Therapy
o Monoclonal antibodies
o Small molecule inhibitors
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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An Overview of the Impact of COVID-19 on Antineoplastic Drugs Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Reasons to Purchase the Antineoplastic Drugs Market Report:
• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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