Global Anticancer Drugs Market : Targeted Therapy Drug Class Anticipated to Exhibit Highest Revenue Contribution

The anticancer drugs market is a segment of the pharmaceutical industry that deals with the research, development, production, and sale of drugs used for the treatment of cancer. Cancer is a leading cause of mortality worldwide, and the demand for effective anticancer drugs continues to grow.

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One of the key drivers of the anticancer drugs market is the increasing prevalence of cancer worldwide. According to the World Health Organization, cancer is the second leading cause of death globally, with an estimated 10 million deaths in 2020. This has led to a growing demand for effective and safe anticancer drugs that can improve patient outcomes and quality of life.

Companies

F. Hoffmann-La Roche Ltd
Roche Holding AG
Celgene Corp
Novartis AG
Bristol-Myers Squibb Co
Johnson & Johnson
Merck & Co.
Eli Lilly and Company
AstraZeneca plc
Amgen Inc..

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Another factor driving the anticancer drugs market is the increasing investment in cancer research and development. Governments and private organizations are investing heavily in research to develop new and innovative therapies that can treat cancer more effectively. This has led to the development of new drugs and treatment options that target cancer cells with greater precision and accuracy.

The anticancer drugs market includes a variety of products, including chemotherapy drugs, immunotherapy drugs, targeted therapy drugs, and hormonal therapy drugs. These products are available in different forms, such as tablets, capsules, injections, and infusions. The choice of therapy depends on the type and stage of cancer, as well as the patient's overall health and treatment goals.

Key Regions

The global market for anticancer drugs is segmented in to five key regions viz. North America, Latin America, Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa (MEA).

North America dominated the global anticancer drugs market accounting a leading share in 2017, and is expected to witness rapid growth over the forecast period. The North America market is dominated by the U.S. owing to its larger economy, attractive reimbursement and larger prevalence of cancers.

Europe, is expected to be led by Germany. The U.K., and France, are other prominent countries expected to witness significant growth in the global market owing to large presence of key players. There has been a definite shift of the diseases towards the Asia Pacific regions such as China, and India. Increase disease incidence in developing regions has increased the market attractiveness of the global market for anticancer drugs owing to higher demand. China and India are driving a large revenue market owing to unmet needs and the high mortality rates of cancer in the region.

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Market Segmentation

Drug Class
Cytotoxic
Hormonal Therapy
Targeted Therapy
Monoclonal antibodies
Small molecule inhibitors

Distribution Channels
Hospital Pharmacies
Retail Pharmacies

Regions
North America
Latin America
Europe
Asia-Pacific Excluding Japan
Middle East & Africa
Japan

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