Small Cell Lung Cancer Therapeutics Global Market Report 2024, Size And Demand

The small cell lung cancer therapeutics market size has grown rapidly in recent years. It will grow from $5.78 billion in 2023 to $6.62 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increasing prevalence of small cell lung cancer, growing awareness about small cell lung cancer, growing demand for effective and convenient treatments, government initiatives.

The small cell lung cancer therapeutics market size is expected to see rapid growth in the next few years. It will grow to $10.87 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to investments in research and development activities for small cell lung cancer treatments, rising toboco smoking, growing chemotherapy, increasing healthcare expenditure. Major trends in the forecast period include advances in early detection and screening methods, clinical trial expansion, advances in radiation therapy, immunotherapy advancements.

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Market Drivers and Trends:
The increasing prevalence of lung cancer is expected to propel the growth of the small-cell lung cancer therapeutics market going forward. Lung cancer is a malignant disease with symptoms such as coughing, chest pain and difficulty breathing that is defined by the unchecked proliferation of abnormal cells in the lung tissues. Treatment for lung cancer, including small cell lung cancer, usually involves a combination of chemotherapy, radiation therapy and, in some cases, targeted therapies that provide prolonged survival and improved quality of life for lung cancer patients. For instance, in January 2023, according to the American Cancer Society, a US-based government organization, there were approximately 238,340 new cases of lung cancer (117,550 in men and 120,790 in women) and reportedly 127,070 deaths from lung cancer (67,160 in men and 59,910 in women) in 2022. Therefore, the rise in the prevalence of lung cancer is driving the growth of the small-cell lung cancer therapeutics market.

Major companies operating in small-cell lung cancer therapeutics are focused on developing new drugs to gain competitive advantages and strengthen their position in the market. For instance, in February 2021, G1 Therapeutics Inc., a US-based oncology company, launched COSELA (trilaciclib) for small cell lung cancer therapeutics, which was approved by the Food and Drug Administration (FDA), a US-based government agency. It is an injection to reduce the risk of chemotherapy-induced myelosuppression in adult patients receiving a platinum/etoposide- or topotecan-containing regimen for advanced small cell lung cancer (ES-SCLC). Additionally, it is the first and only medicine made to help protect bone marrow (myeloprotection) when given before chemotherapy treatment.

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Major Key Players of the Market:
Pfizer Inc., Johnson and Johnson Private Limited, F. Hoffmann-La Roche AG, AbbVie Inc., Bayer AG, Janssen Pharmaceuticals, Novartis AG, Merck and Co. Inc., Sanofi S.A, Bristol-Myers Squibb Company, Astrazeneca PLC, GSK PLC, Medtronic PLC, Eli Lilly and Company, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Otsuka Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals, Mylan N.V., Astellas Pharma Inc., Daiichi Sankyo Company Ltd., Vertex Pharmaceuticals, Aurobindo Pharma Limited, Kyowa Kirin Co. Ltd.

Small Cell Lung Cancer Therapeutics Market 2024 Key Insights:
• The Small Cell Lung Cancer Therapeutics Market is expected to grow to$10.87 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.
• Surging Lung Cancer Prevalence Fuels Growth In Small-Cell Lung Cancer Therapeutics Market
• Innovative Drug Development Reshapes The Landscape Of Small-Cell Lung Cancer Therapeutics
• North America was the largest region in the small cell Lung cancer therapeutics market in 2023.

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