Australia Top 20 Oncology/Cancer Drugs Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028

Report Overview

The Australian Top 20 oncology drugs market size stood at USD 1.1 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Oncology is a key driver for the growth of the pharmaceutical industry. One in two Australian men and women will be diagnosed with cancer by the age of 85. Cancer is a leading cause of death in Australia almost 50,000 deaths from cancer were estimated for 2019. The market is undergoing a significant growth rate due to the factors such as the rising prevalence of different cancers, increasing new drug launches and product approvals, and growing research activities by the pharma companies in this field.

Market Growth Drivers

Cancer is a major cause of illness in Australia and has a substantial social and economic impact on individuals, families, and the community. Some of the important factors accountable for the growth of the oncology/cancer drugs market include the industrys increased focus on cancer research, an upsurge in the aging population, and an increase in healthcare spending across the globe. Moreover, the rise in collaborations among pharmaceutical firms and Patient Assistance Programs (PAPs) offered by pharma companies (providing free or low-cost prescription drugs) is expected to fuel the oncology/cancer drugs market in the future. According to the GLOBOCAN, in 2020 nearly 200,021 new cases of cancer were diagnosed with cancer in Australia.

Cancer research and therapeutic development programs that involve various approaches to address cancer, different sets of IPs (intellectual property), and encouraging effects seen so far justify this sector as one of the most fascinating ones in the Australian life science industry.

Epidemiology

The below pie chart describes the proposition of a divided total number of cases under major cancer types in the Australian market.

The below bar graph represents the Age-standardized incidence and mortality rates for the top 10 cancer in Australia.

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Major Players

Australian biotech companies are heavily involved in trying to address some of the biggest unmet medical needs in the world - with the various forms of cancer being at the forefront of research and drug development, and the key biotech players contributing towards the major growth of the oncology market are PaImugene (IMU:ASX), Kazia Therapeutics (KZA:ASX), Amplia Therapeutics (ATX:ASX), Pharmaxis (PXS:ASX), Dimerix (DXB:ASX), Exopharm (EX1:ASX), Prescient Therapeutics (PTX: ASX), and others.

The report delivers the challenges in front of the Australia Top 20 Oncology/Cancer Drugs Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Australia Top 20 Oncology/Cancer Drugss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Class:

Based on the drug class which is used for the treatment of cancer are Antibody-Drug Conjugates (ADCs): they home in on a specific target expressed by cancer cells, and once the target is reached, a cytotoxic agent is released and delivered to induce cell death, Monoclonal antibodies (mAbs): that are developed in a laboratory and designed specifically to recognize and bind to targets on the outside of cancer cells or in the circulation, Small-molecule drugs: gents that are small enough to easily enter their target cells to induce their effects and others.

By Therapy:

Based on the therapy, molecular targeted therapy segment was the leading class of cancer treatment in the Top 20 in Australia with sales of $320m in 2008, which was driven by the increased uptake of high-priced products and a lack of generic competition. The immunotherapy segment, on the other hand, is anticipated to expand with the highest growth rate during the forecast period. The highest growth rate of the segment is due to the launch of various drugs of this type by the key industry players and extensive research and development by the research organizations.

By Distribution Channel:

In terms of distribution channels, the market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment is projected to have dominant during the forecast period. The increasing prescription of medications at hospitals due to more frequent diagnoses at these institutions is the reason for the dominance of this segment.

Moreover, the online pharmacy segment is likely to expand with the highest CAGR owing to its rising popularity due to its ease and convenience.

Major Players

Australian biotech companies are heavily involved in trying to address some of the biggest unmet medical needs in the world - with the various forms of cancer being at the forefront of research and drug development, and the key biotech players contributing towards the major growth of the oncology market are PaImugene (IMU:ASX), Kazia Therapeutics (KZA:ASX), Amplia Therapeutics (ATX:ASX), Pharmaxis (PXS:ASX), Dimerix (DXB:ASX), Exopharm (EX1:ASX), Prescient Therapeutics (PTX: ASX), and others.

The Australia Top 20 Oncology/Cancer Drugs Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Australia Top 20 Oncology/Cancer Drugs market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Australia Top 20 Oncology/Cancer Drugs Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Australia Top 20 Oncology/Cancer Drugs market. Each section of the research study is specially prepared to explore key aspects of the global Australia Top 20 Oncology/Cancer Drugs Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australia Top 20 Oncology/Cancer Drugs market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Australia Top 20 Oncology/Cancer Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Top 20 Oncology/Cancer Drugs market
Chapter 2: Exclusive Summary - the basic information of the Australia Top 20 Oncology/Cancer Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Top 20 Oncology/Cancer Drugs
Chapter 4: Presenting the Australia Top 20 Oncology/Cancer Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australia Top 20 Oncology/Cancer Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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