Lung Cancer Therapeutics Market: Dominating Prevalence of Lung Cancer and Technological Advancement Strengthen Demand

The global lung cancer therapeutics market is prophesied to gain momentum from the rising occurrence of lung cancer in the world, as per a comprehensive analysis discussed in a report authored by Transparency Market Research (TMR). The report bears the title “Lung Cancer Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Participants operating in the world lung cancer therapeutics market could be exposed to scores of business opportunities birthed from the swift expansion of the industry. Lung cancer takes the pride of place by accounting for the second most commonly occurring type of cancer and primary cause of deaths due to cancer, according to the Centers for Disease Control and Prevention (CDC).

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Some of the key causes of lung cancer find relation with the lifestyle of general population, such as smoking cigar, pipe, and cigarette and persistent exposure to asbestos. This could raise the growth bar in the world lung cancer therapeutics market. A significant growth witnessed on the part of the dominance of unhealthy lifestyles, rise in geriatric population, and other prominent factors are prognosticated to increase demand in the world lung cancer therapeutics market.

Ill effects of chemotherapy and radiation and their expensive cost, lack of modern diagnostic facilities in most countries, and access to generic drugs could rein in the growth of the world lung cancer therapeutics market. However, the emergence of advanced treatments and drugs and sophisticated healthcare facilities for cancer patients are foreseen to offer some lucrative opportunities in the world lung cancer therapeutics market. Today, cancer can be treated with the help of systemic, internal, and external beam radiotherapy, targeted therapies such as Gilotrif, Iressa, Tarceva, and Avastin, and chemotherapies such as Navelbine, Taxotere, Paraplatin, Alimta, and Gemzar.

Owing to profound technological developments in North America, the region is envisaged to take a leading position in the worldwide lung cancer therapeutics market. Supported by substantial funding from governments for research and development of pioneering drugs and technological developments in different cancer disciplines, Europe could follow North America in the worldwide lung cancer therapeutics market. Asia Pacific could also stay in the limelight by branching out rapidly on the back of rising healthcare awareness, soaring level of air pollution, economic development, and swelling population size.

With a view to sustain their position in the international lung cancer therapeutics market, industry players could take to extensive research and development activities, geographical expansion, development of novel and efficient drugs, and mergers and acquisitions. Merck & Co., Inc., Sanofi, GlaxoSmithKline plc, AstraZeneca plc, and F. Hoffmann-La Roche Ltd. are some of the popular companies in the international lung cancer therapeutics market.

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