Press release
Rising Cancer Prevalence Fuels Surge In Demand For Targeted Therapy: A Key Driver Powering Targeted Therapy Market Growth In 2025
Targeted Therapy
What Is the Projected Growth of the Targeted Therapy Market?
In the past few years, the market size for targeted therapy has experienced robust growth. The market is projected to rise from $103.84 billion in 2024 to $111.47 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. This growth during the historical period is linked to progress in molecular biology, the rise in cancer cases, the trend towards personalized medicine, approvals from the FDA, and regulatory support.
The market size for targeted therapy is expected to experience robust growth in the coming years, increasing to $151.48 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this predicted increase in the forecast period range from advances in oncology research and a surge in demand for precision medicine, to the emergence of immunotherapies and increased investments in biopharmaceuticals, alongside patient awareness and advocacy. Key trends forecasted to influence this growth period include the incorporation of artificial intelligence (AI) into drug discovery, patient advocacy and involvement in treatment decisions, the growth of companion diagnostics, regulatory backing for rapid approvals, and a rise in investment in the sectors of biotechnology and pharmaceuticals.
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What Are the Different Targeted Therapy Market Segments?
The targeted therapy market covered in this report is segmented -
1) By Type: Small Molecule Medicines, Monoclonal Antibodies
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Application: Breast Cancer, Colorectal Cancer, Leukemia, Lung Cancer, Lymphoma, Renal Cancer, Other Applications
Subsegments:
1) By Small Molecule Medicines: Tyrosine Kinase Inhibitors (TKIs), Proteasome Inhibitors, Phosphatidylinositol 3-Kinase (PI3K) Inhibitors, Other Small Molecule Therapies
2) By Monoclonal Antibodies: Immune Checkpoint Inhibitors, Antibody-Drug Conjugates (ADCs), Cytokine Blockers, Other Monoclonal Antibodies
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What Are the Primary Drivers Shaping the Targeted Therapy Market?
The escalation in cancer cases is anticipated to fuel the expansion of the targeted therapy market in future. Cancer, a term for conditions characterized by abnormal cells that infect surrounding tissues and multiply uncontrollably, can be mitigated through targeted therapy. This approach blocks the signals promoting cancer cell growth or triggers these cells to self-destroy. By specifically addressing genes and proteins that support cancer cell growth and persistence, targeted therapy has seen increased demand. For example, data from American Cancer Society, a US-based nonprofit advocating for cancer, showed that the number of cancer cases rose to 2,001,140 in January 2024 from 1,958,310 in 2023, translating to a growth of 2.19%. Hence, the burgeoning prevalence of cancer is set to stimulate the growth of the targeted therapy market.
Which Companies Are Leading in the Targeted Therapy Market?
Major companies operating in the targeted therapy market include Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Merck & Co Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Bristol Myers Squibb, AstraZeneca, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Genmab A/S, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Incorporated, Agilent Technologies Inc., Illumina Inc., Incyte Corporation, Sysmex Corporation, Exact Sciences Corporation, Seagen Inc., Exelixis Inc., Seattle Genetics Inc., Genentech Inc., Daiichi Sankyo Company Limited
What Are the Major Trends Shaping the Targeted Therapy Market?
Prominent corporations in the targeted therapy marketplace are concentrating on creating innovative tech solutions to bolster their market stance. For example, in March 2022, Novartis AG, a multinational pharmaceutical firm from Switzerland, presented Pluvicto, endorsed by the US Food and Drug Administration (FDA). This represents the first FDA-approved targeted radioligand therapy (RLT) suitable for patients with mCRPC. Pluvicto fuses a therapeutic radioisotope with a specifically selected chemical (a radioactive particle), representing a targeted cancer treatment kind where a therapeutic radioisotope merges with a particular chemical. Pluvicto has the ability to adhere to circulatory target cells, including those expressing the PSMA transmembrane protein, such as prostate cancer cells. When bound, the radioisotope's energy emissions harm the targeted cells and nearby cells, hindering their replication process and, in certain cases, causing cellular death.
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What Are the Top Revenue-Generating Geographies in the Targeted Therapy Market?
North America was the largest region in the targeted therapy market in 2024. The regions covered in the targeted therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Targeted Therapy Market?
2. What is the CAGR expected in the Targeted Therapy Market?
3. What Are the Key Innovations Transforming the Targeted Therapy Industry?
4. Which Region Is Leading the Targeted Therapy Market?
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