South Africa Oncology Drugs Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028

The South Africa Oncology Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global South Africa Oncology Drugs market. This report explores all the key factors affecting the growth of the global South Africa Oncology Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the South Africa Oncology Drugs Market

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

Research Objective:

To analyze and forecast the market size of South Africa Oncology Drugs Drugs market
To classify and forecast South Africa Oncology Drugs Market market based on application, drugs, project type, and application.
To identify drivers and challenges for South Africa Oncology Drugs market
To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in South Africa Oncology Drugs market
To conduct pricing analysis for South Africa Oncology Drugs Drugs market
To identify and analyze the profile of leading players operating in South Africa Oncology Drugs market

Reason to buy the report:

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Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

South Africa Oncology Drugs Market Executive Summary

Cancer affects one in four South Africans, cancer mortality rates are expected to increase in developing countries. South Africa creating demand for anti-cancer drugs hence leading to the growth of the market.

Market Size and Key Findings

The South Africa Oncology Drugs market size is at around USD xx billion in 2021 and is projected to reach USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.

Nearly 8% of the total deaths in South Africa in 2014 were attributed to cancer. Western Cape Province had the highest age standardized cancer mortality rate in South Africa (118, 95% CI: 115121 deaths per 100 000 individuals). Therefore, the increasing prevalence of cancer is expected to boost the demand for the global oncology cancer drugs market during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The rise in incidence and prevalence of various cancer types, new cancer treatments, and the growing importance of biological and targeted drug therapies are certain factors that drive the market growth of South Africa oncology/anti-cancer drugs at present. In addition, an increase in demand for anti-cancer drugs for the treatment of ageing population, the hike in government funding, and improved post-treatment results for advanced therapeutic modalities are the major factors that boost the market growth

Market Restraints

The high costs associated with new drug development procedures, coupled with the threat of failure in deriving successful results, and the adverse effects associated with anti-cancer drugs therapies are expected to restrain the growth of the market

COVID-19 impact on "South Africa Oncology Drugs Market

COVID-19 pandemic has impacted the most crucial areas of the oncology drugs market. Pandemic has directly affected the supply of oncology drugs to cancer patients; not only is it difficult to administer chemotherapy and certain other treatments outside of a clinic, but the spread of coronavirus has reduced patients willingness and ability to access not just treatments, but trials for new medicines. COVID-19s interference with the research and development of new treatments is one of the most significant blows that has been dealt to the oncology drugs market. However, this situation is expected to change post COVID-19 pandemic in the coming years.

Competitive Landscape

Key Players

Key participants operating in the South Africa Oncology Drug market include Eurolab,Key Oncologics (Pty) Ltd, Pfizer, Roche, Aspen AstraZeneca, AbbVie Inc.,Novartis AG and Others

Products in Pipeline

AstraZeneca is working on strengthening its oncology product portfolio and has several candidates in its pipeline. Oncology sales now comprise around 35% of total product sales for AstraZeneca. It has some high-profile cancer drugs in its portfolio like Tagrisso, Lynparza, Faslodex and Imfinzi, which are among its top medicines.

Notable Recent Deals

The American Cancer Society (ACS) and the Clinton Health Access Initiative (CHAI) announced agreements with pharmaceutical companies Pfizer, Novartis, and Mylan to expand access to 20 lifesaving cancer treatments in 26 countries in sub-Saharan Africa and Asia. Purchasers are expected to save an average of 59 percent for medicines procured through the agreements.Medications included in the agreements cover recommended regimens for 27 types of cancer and enable complete chemotherapy regimens for the three cancers that cause the most deaths in Africabreast, cervical, and prostate. These cancers are highly treatable and account for 38 percent of cancers in the countries covered in the agreements.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of South Africa Oncology Drugs Services

In responding to the high burden of disease among South African women, policies on breast cancer and cervical cancer were approved in 2017. The issuing of regulation 380 of the National Health Act of 2003 in 2011 formally established the National Cancer Registry (NCR) and made compulsory registration of confirmed cancer diagnosis in the country obligatory. This enabled significant improvements in the reporting on cancer through the NCR

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Oncology Drug Market Segmentation

By Drug Class:

The targeted therapy generated the highest revenue in 2020. This is attributed to the benefits that targeted therapy offers like it interferes with specific proteins involved in tumorigenesis focusing on specific molecular changes which are unique to a particular cancer. Chemotherapy

Targeted Drugs
Immunotherapy (Biologic Therapy)
Hormonal Drugs

By Cancer Type:

The growing prevalence of cancer and rising awareness regarding therapeutics will boost the segment's growth.

Lung Cancer
Stomach Cancer
Colorectal Cancer
Breast Cancer
Prostate Cancer
Liver Cancer
Esophagus Cancer
Cervical Cancer
Kidney Cancer
Bladder Cancer
Other Cancers

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global South Africa Oncology Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global South Africa Oncology Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the South Africa Oncology Drugs market
Chapter 2: Exclusive Summary - the basic information of the South Africa Oncology Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the South Africa Oncology Drugs
Chapter 4: Presenting the South Africa Oncology 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 South Africa Oncology 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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In conclusion, the South Africa Oncology Drugs Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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