Cancer Therapeutics Market is Expected to Grow at a CAGR of 12.6% from 2024 to 2031, Reaching USD 491.60 | F. Hoffmann-La Roche AG, Bristol-Myers Squibb Company, AbbVie Inc.

Cancer Therapeutics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Global Cancer Therapeutics Market reached US$ 168.15 billion in 2024 and is expected to reach US$ 491.60 billion by 2032, growing at a CAGR of 12.6% during the forecast period 2025-2032.

Cancer therapeutics encompass a range of treatments designed to target and manage cancer, including chemotherapy, immunotherapy, targeted therapy, hormone therapy, and radiation therapy. These treatments work by destroying or inhibiting cancer cell growth while minimizing damage to healthy tissues. Advances in precision medicine and biotechnology have led to more effective and personalized therapies, improving survival rates and reducing side effects.

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List of the Key Players in the Cancer Therapeutics Market:

F. Hoffmann-La Roche AG, Bristol-Myers Squibb Company, AbbVie Inc., Astellas Pharma Inc., Pfizer, Inc., Novartis AG, Merck & Co., Inc., Eli Lilly and Company, Amgen Inc. and AstraZeneca and Pfizer Inc.

Industry Development:

In January 2023, Loxo@Lilly received FDA approval for Jaypirca (pirtobrutinib) 50 mg and 100 mg tablets to treat adults with relapsed or refractory mantle cell lymphoma (MCL) after at least two prior systemic therapies, including a BTK inhibitor.

In May 2024, Amgen secured FDA accelerated approval for tarlatamab-dlle to treat extensive-stage small cell lung cancer (ES-SCLC) in patients with disease progression following platinum-based chemotherapy.

Growth Forecast Projected:

The Global Cancer Therapeutics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Cancer Therapeutics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Cancer Therapeutics Market:

By Therapy: Targeted Therapy, Hormonal Therapy, Chemotherapy, Radiotherapy, Immunotherapy, Others (Photodynamic Therapy, Others)
By Cancer Type: Breast Cancer, Lung Cancer, Prostate Cancer, Blood Cancer, Cervical Cancer, Malignant Meningioma, Head and Neck Cancer, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others
By End-User: Hospitals, Cancer Centers, Research Institutes

Regional Analysis for Cancer Therapeutics Market:

The regional analysis of the Cancer Therapeutics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Cancer Therapeutics market?

➠ Who are the leading manufacturers in the global Cancer Therapeutics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Cancer Therapeutics industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Cancer Therapeutics market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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