Facts & Factors Predicts that by 2026 the Size of the Drug Delivery in Cancer Market Grow at CAGR of 7.1 % and Reach USD 2262.8 Million
According to Facts and Factors, the global drug delivery in cancer market in 2019 was approximately USD 1400.1 Million. The market is expected to grow at a CAGR of 7.1 % and is anticipated to reach around USD 2262.8 Million by 2026.
Increasing prevalence of the caner across the globe is major factor driving growth of the global drug delivery in cancer market. Additionally, increasing research and development in the field of cancer research is another factor to propel growth of the target market in the near future. Moreover, increasing old age population is another factor expected to fuel growth of the target market in the near future. Growing collaborations between the pharmaceutical companies worldwide is expected to boost growth of the target market in the near future. However, high costs associated with the research and development is key factor to restrain growth of the target market in the near future.
The drug delivery in cancer market is segmented based on type, application, and geography. On the basis of type the target market can be segmented as Liposomes, PEGylated Proteins & Polypeptides, Polymer Nanoparticle, Protein–drug Conjugates, and Others. Based on application segment the global market can be divided into hospitals & clinic, cancer treatment centers, and others. On the basis of application segment the cancer treatment centers are expected to register significant CAGR over the forecast year in the target market.
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Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. This is attributed to the availability of advanced healthcare sector in the countries of this region along with growing need for drug delivery in cancer in this region. Growing government funding for research is supporting the growth of the market in the region. Europe is expected to hold the second-largest share and Asia Pacific is anticipated to grow at significant CAGR in the near future. Europe market growth is owing to increasing number of discovery initiatives by pharmaceutical companies in the Europe especially in the U.K. and in the Germany of the region. The growth in the Asia Pacific countries is presence of a favorable business environment in the countries of the Asia Pacific.
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Key players operating in the drug delivery in cancer market not restricted to include Amgen, Teva, UCB (Union Chimique Belge), Roche, Celgene, Sanofi, Merck, Johnson & Johnson, Takeda, and Gilead Sciences. Major companies in the global drug delivery in cancer market are focusing on the launches of innovative products to get competitive edge in the target market.
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This report segments the drug delivery in cancer market as follows:
Global Drug Delivery in Cancer Market: Type
- PEGylated Proteins & Polypeptides
- Polymer Nanoparticle
- Protein–drug Conjugates
Global Drug Delivery in Cancer Market: Application
- Hospitals & Clinic
- Cancer Treatment Centers
Global Drug Delivery in Cancer Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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