Press release
Oncology/Cancer Drugs Market 2016-2020: Global Industry Growth, Analysis and Report Forecast
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The global oncology drugs market is expected to reach at $111.9 billion by 2020. Patent expiration of key cancer drugs such as Herceptin, Erbitux, Rituxan and Avastin, is expected to boost the growth of cancer biosimilars market by 2020. Going further, the biological therapies are expected to dominate the market by 2020, due to their high efficacy, target specific action and less toxicity. Blood cancer drugs market was the largest revenue generating segment in 2013 owing to the high cost of drugs (immunotherapies) used for the treatment of blood cancer.
Geographically, North America, dominates the market followed by Europe. North America accounted for about ~38% share in the overall oncology drugs market in 2013 owing to the heavy investments by multinational companies in research and development of cancer drugs, particularly immune therapeutics, favorable reimbursement policies, and high adoption rate of immunotherapies. On the other hand, Asia-Pacific market would grow at the promising CAGR of 8.7% during the forecast period. Such high growth rate is majorly due to increasing awareness towards advanced therapies namely immunotherapies and increase in per capita healthcare spending.
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Key companies profiled in the report are Roche diagnostics, Novartis AG, Celgene Corporation, AstraZeneca, Johnson & Johnson, Merck & Co., Eli Lilly & Co. and GlaxoSmithKline. Companies operating in the cancer drugs market focus on several strategies such as collaboration, approval and acquisition.
KEY BENEFITS
The report provides the quantitative analysis of the current market and estimations through 2013-2020 that assists in identifying the prevailing market opportunities to capitalize on
The report helps in understanding the strategies adopted by various companies for gaining market share in the cancer drugs market
The report provides comprehensive analysis of factors that drive and restrict the growth of the cancer drugs market
Market conditions of cancer drugs market across all geographic regions are comprehensively analyzed
Competitive intelligence (of leading manufacturers) helps in understanding the competitive scenario across the geographies
SWOT analysis of the key market players is provided to illustrate the business strategies adopted by the companies
MARKET SEGMENTATION
The cancer drugs market is segmented by the therapeutic modalities, cancer types and geography.
MARKET BY THERAPEUTIC MODALITIES
Chemotherapy
Targeted Therapy
Immunotherapy (Biologic Therapy)
Hormonal Therapy
Others
MARKET BY CANCER TYPES
Blood Cancer
Breast Cancer
Gastrointestinal Cancer
Prostate Cancer
Respiratory/Lung Cancer
Skin Cancer
Other Cancers
MARKET BY GEOGRAPHY
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Others
Asia-Pacific
India
China
Japan
Australia
Others
LAMEA
GCC (Gulf Corporation Council)
Others
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