Solid Tumor Market : Analysis and Forecast by 2023
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Some of the major driving factors for the growth of this market include increasing incidences of several cases of solid tumors, rising prevalence of different forms of metastatic cancers, increasing demand for highly effective chemotherapeutic agents and ripe pipeline of drugs which is available in the global market. According to World Health Organization (WHO), approximately 8.2 million people died due to different types of cancers worldwide in 2012. Among them lung, colorectal, breast and liver cancers were among the leading causes of cancer deaths. Most common forms of solid tumors include brain tumors (medulloblastoma and glioma) and neuroblastoma; other less common solid tumors include rhabdomyosarcoma and osteosarcoma.
Some of the major drugs that available in the global market are Avastin (bevacizumab), Afinitor (everolimus), Jevtana (cabazitaxel), Sutent (sunitinib), Tarceva (erlotinib), Taxotere (docetaxel), Zytiga (abiraterone acetate), Carboplatin, Cisplatin, Doxorubicin, Gemcitabine and Paclitaxel among others. Also, major promising drugs that are in different stages of clinical trials include Abraxane (albumin-bound paclitaxel), AMG 386 (trebananib), Votrient (pazopanib) and Xtandi (enzalutamide) among others. These drugs will soon be commercialized in the global market, which will further boost this market in future.
Geographically, North America holds the leading position in solid tumor market followed by Europe. Major factors responsible for their dominance in this market include high incidence rate of various solid tumor cases along with very well developed healthcare infrastructure of these regions. These regions also comprise of high geriatric population, which contribute heavily towards the solid tumor patient population in the region. However, Asia Pacific is considered to be the most lucrative market for solid tumor market due to recent advancements in healthcare infrastructure and growing medical tourism in these regions. The region also accounts for high cancer patient population and increasing awareness and affordability of the people of this region will contribute heavily towards the future growth of this market in the region.
Some of the major players operating in this market are AstraZeneca plc, Abbott Laboratories, Inc., Amgen, Inc., Biogen Idec, Inc., Boehringer Ingelheim GmbH, Baxter International, Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Johnson & Johnson, GlaxoSmithKline plc, Kyowa Hakko Kirin Co., Ltd., and Sanofi among others.
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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
Middle East and Africa
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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