Lung Cancer Treatment Market Projected to Reach USD 44.17 Billion by 2030

The global Lung Cancer Treatment Market is experiencing significant growth, projected to expand from USD 17.65 billion in 2023 to USD 44.17 billion by 2030, at a CAGR of 14.21%. This surge is fueled by the increasing prevalence of lung cancer, advancements in treatment technologies, and supportive government initiatives.

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Key Highlights:

Market Size & Growth: Valued at USD 17.65 billion in 2023, with an anticipated CAGR of 14.21% through 2030.

Regional Demand: North America held the largest market share in 2023, driven by the increase in lung cancer incidence cases, the growing aging population, and technological advancements.

Competitive Landscape: Prominent players include Pfizer Inc., Merck & Co., Hoffmann-La Roche, Eli Lilly and Company, Bristol-Myers Squibb Company, Boehringer Ingelheim, AstraZeneca, and Amgen, focusing on innovations in targeted therapies and immunotherapies.

United States: Growth Driven by Technological Advancements and High Incidence Rates

The United States leads the North American lung cancer treatment market, accounting for a significant share due to robust healthcare infrastructure, high incidence rates, and rapid adoption of advanced therapies. In 2023, an estimated 238,340 people were diagnosed with lung cancer, with 127,070 deaths attributed to the disease.

Recent Developments:

In May 2024, the FDA approved ImdelltraTM (Tarlatamab-dlLe), the first T-cell engager treatment for extensive-stage small-cell lung cancer, marking a significant advancement in cancer therapy.
In April 2024, Shilpa Medicare announced the launch of PEMRYDI RTU, a ready-to-use pemetrexed formulation by Amneal Pharmaceuticals in the USA, offering convenience and improved accessibility to lung cancer patients.
Asia-Pacific: Opportunities in Emerging Markets and Strategic Collaborations

Asia-Pacific is the fastest-growing region in the lung cancer treatment market, projected to grow at a CAGR of 7.5% over the forecast period. Countries like China, Japan, and India are investing heavily in healthcare infrastructure and research, contributing to market expansion.

Key Highlights:

In May 2025, Pfizer entered into a licensing agreement with Chinese biopharmaceutical company 3SBio Inc. for an experimental cancer drug candidate, SSGJ-707, involving a $1.25 billion upfront payment and up to $4.8 billion in potential milestones.
In April 2024, Dr. Reddy's Laboratories launched Versavo, a biosimilar of Roche's Avastin, in the United Kingdom, approved for various tumors, including metastatic colorectal and lung cancers.

Europe: Trends in Innovative Therapies and Regulatory Support

Europe maintains robust growth in the lung cancer treatment market, emphasizing innovative therapies and supportive regulatory frameworks. The region accounted for 30% of the global market revenue in 2023.

Notable Developments:

In January 2025, the European Union approved Repotrectinib (Augtyro), a next-generation tyrosine kinase inhibitor, for the treatment of ROS1-positive non-small cell lung cancer.
In March 2024, Dr. Reddy's Laboratories launched Versavo, a biosimilar of Roche's Avastin, in the United Kingdom, approved for various tumors, including metastatic colorectal and lung cancers.

Middle East & Africa: Consolidation through Healthcare Investments and Awareness Programs

The Middle East and Africa region is experiencing steady growth in the lung cancer treatment market, driven by increasing healthcare investments and rising awareness. Countries like Saudi Arabia, the UAE, and South Africa are notable markets in this region.

Regional Insights:

Ongoing improvements in healthcare infrastructure and government initiatives to improve cancer care are expected to positively impact the market.
Challenges such as limited access to advanced healthcare facilities and high treatment costs hinder market growth; however, efforts to enhance healthcare services are underway.

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Lung Cancer Treatment Market Segmentation:

Lung Cancer Type

NSCLC (Non-small cell lung cancer)
SCLC (Small cell lung cancer)

The lung cancer treatment market is divided into two segments based on the kind of cancer: small cell lung cancer and non-small cell lung cancer. In 2023, the biggest market share was held by the non-small cell lung cancer segment. The market for lung cancer treatments is driven by the accessibility and efficacy of treatments for non-small cell lung cancer (NSCLC). Because the medications are designed to target particular genetic changes, targeted therapies are more widely used than traditional chemotherapy because they are less harmful and more successful.

Treatment Type

Targeted Lung Cancer Type
Immunotherapy
Chemotherapy
Radiation therapy
Surgery

The market for lung cancer treatments is divided into five categories based on the type of treatment: surgery, immunotherapy, chemotherapy, radiation therapy, and targeted therapy. The biggest market share for lung cancer that contributed to revenue was held by targeted therapy. Due to the increase in demand and its position as the industry leader, targeted therapy has been upgrading technology and treatment efficacy. Targeted therapy is more popular than other lung cancer treatments because it targets specific cancer cells and chemicals, making it less harmful and more successful.

by End Users

Hospital
Cancer & Radiation therapy
Others

Hospitals, cancer and radiation therapy, and other end users make up the end users section of the lung cancer treatment market. In 2023, the hospital end user category accounted for the greatest portion of the market, and by 2030, it is anticipated to have grown. Hospital demand for cancer care services has increased as a result of advancements and innovations in cancer therapies.

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Key Competitors:

1. Astra Zeneca (U.S)
2. Bristol-Myers Squibb Company
3. Eli Lilly and Company (U.S)
4. Novartis
5. Pfizer (U.S)
6. Takeda
7. Johnson & Johnson
8. AbbVie
9. Sun Pharmaceutical
10. Teva Pharmaceutical
11. Merch & Co. Inc
12. Others

Regional Analysis:

The report provides formal, functional, and vernacular regional analysis, identifying the most impactful business areas based on high demand in various regions, including Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. This analysis offers valuable insights into distinct targets, strategies, and market values for each region.

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Key Questions Addressed in the Lung Cancer Treatment Market Report:

What defines the Lung Cancer Treatment Market?
What is the forecast period for the Lung Cancer Treatment Market?
How does the competitive scenario look in the Lung Cancer Treatment market?
Which region holds the largest market share in the Lung Cancer Treatment Market?
What opportunities are available in the Lung Cancer Treatment Market?
What factors influence the growth of the Lung Cancer Treatment market?
Who are the key players in the Lung Cancer Treatment market?
Which company holds the largest share in the Lung Cancer Treatment market?
What will be the CAGR of the Lung Cancer Treatment market during the forecast period?
What key trends are expected to emerge in the Lung Cancer Treatment market in the upcoming years?

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