Lung Cancer Therapeutics Market Analysis, Size, Share, Growth, Trends And Forecast Opportunities To 2028
DBMR has recently updated the Lung Cancer Therapeutics Market research report gives the knowledge of all the above factors with transparent, wide-ranging, and supreme quality market studies. A Market research report improves professional reputation and adds integrity to the work done such as refining the business plan, preparing a presentation for a key client, or making recommendations to an executive. This marketing document has been structured with transparent research studies which makes it of supreme quality. The report consists of all the detailed profiles for the Market’s major manufacturers and importers who are influencing the market. The report also estimates the market size, the revenue generated from the sales and technologies by various application segments. Besides, expert solutions and potential capabilities have been utilized while preparing the world class Market report.
Data Bridge Market Research analyses that the lung cancer therapeutics market will exhibit a CAGR of around 9.91% for the forecast period of 2021-2028. Rising prevalence of cancer and other chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing fondness for smoking especially among the youngsters and rising expenditure for the development of healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of lung cancer therapeutics market.
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Market Scenario of Lung Cancer Therapeutics Market
Lung cancer has the highest death rate among all the cancers and is the second most commonly detected among people. In lung cancer, the cancerous cells form tumour which results in decreasing the efficiency of lungs to supply oxygen to the bloodstream. Cigarette smoking, cigar smoking, and asbestos exposure are the most common causes of lung cancer.
Upsurge in the digital advertisements promoting therapeutics is one of the major factors fostering the growth of the market. Growth opportunities in emerging countries such as India, China, Brazil, and South Africa coupled with growing innovations and advancements of technologies is another market growth determinant. Rising health awareness among the individuals, surge in collaboration between pharmaceutical companies and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high cost associated with oncology drug development will further pose challenges for the market. Dearth of skilled professionals in the backward economies and adverse effects associated with cancer therapeutics will also hamper the market growth rate.
This lung cancer therapeutics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lung cancer therapeutics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lung Cancer Therapeutics Market Scope and Market Size
The lung cancer therapeutics market is segmented on the basis of cancer type, molecule type, drug class, treatment type, therapy type, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of cancer type, the lung cancer therapeutics market is segmented into non-small cell lung cancer, metastatic lung cancer, mesothelioma, chest wall tumours, pulmonary neuroendocrine tumours and mediastinal tumours.
On the basis of molecule type, the lung cancer therapeutics market is segmented into small molecules and biologics.
On the drug class, the lung cancer therapeutics market is segmented into alkylating agents, antimetabolites, mitotic inhibitors, multikinase inhibitors, EGFR inhibitors and others.
On the basis of treatment type, the lung cancer therapeutics market is segmented into radiation therapy, chemotherapy, targeted therapy, immunotherapy, and other drugs.
On the basis of therapy type, the lung cancer therapeutics market is segmented into single drug therapy and combination therapy.
On the basis of end user, the lung cancer therapeutics market is segmented into hospitals, specialty clinics, homecare and others.
On the basis of distribution channel, the lung cancer therapeutics market is segmented into hospital pharmacy, retail pharmacy, online and others.
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Lung Cancer Therapeutics Market Country Level Analysis
The lung cancer therapeutics market is analysed and market size insights and trends are provided by country, cancer type, molecule type, drug class, treatment type, therapy type, end user and distribution channel as referenced above.
The countries covered in the lung cancer therapeutics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the lung cancer therapeutics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing funding for research and development activities and growing adoption of advanced lung cancer therapeutics. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing prevalence of lung cancer, increasing consumption of tobacco and ever-rising geriatric population.
The country section of the lung cancer therapeutics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The lung cancer therapeutics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for lung cancer therapeutics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lung cancer therapeutics market. The data is available for historic period 2010 to 2019.
Some of the factors responsible for the growth of Lung Cancer Therapeutics Market:
Increasing cases of lung cancer: There is tremendous increase in the cases of lung cancer worldwide. Every year around 1.6 million deaths are caused due to cancer. Lung cancer is commonly caused by smoking, asbestos, radon and other pollutants. There are certain contaminants present at home and at work that can raise the cancer risk such as asbestos, arsenic, diesel exhaust, and certain sources of silica and chromium. This is the factor due to which non- smokers also get cancer. This is the factor due to which there is increase in the demand for lung cancer treatment worldwide
Growing number of smokers: Smoking is considered as the major factor which causes lung cancer. About 5 million deaths a year are caused by smoking-related disease. They have the ability to cause small cell and non- small cell cancer. Increasing number of cigarettes the person smoke each day also increases the risk of cancer. This is another factor which increases the risk of cancer and enhances the demand for cancer treatment
The global lung cancer therapeutics market is segmented on the basis of cancer type as non-small cell lung cancer, metastatic lung cancer, pulmonary neuroendocrine tumors, mediastinal tumors, mesothelioma, & chest wall tumors; molecule type as small molecules, & biologics; drug class as alkylating agents, antimetabolites, EGFR inhibitors, mitotic inhibitors, multikinase inhibitors, & others; treatment type as chemotherapy, radiation therapy, targeted therapy, immunotherapy, others; therapy type as single drug therapy, combination therapy; end user as hospitals, homecare, speciality clinics,& others and distribution channel as hospital pharmacy, retail pharmacy, online among others.
Some of the launches and acquisition in the Lung Cancer Therapeutics Market are:
In June 2019, Biodesix, Inc announced the acquisition of Oncimmune’s laboratory and incidental pulmonary nodule (IPN) malignancy test. The extensive experience and patent portfolio of Oncimmune in autoantibodies and their relationship with cancer has inspired the company to consider the use of Oncimmune’s EarlyCDT Lung test as a strategic extension to our U.S. diagnostic test package. This acquisition will help the company to enhance their portfolio and strengthen their market position
In February 2019, AdoRx Therapeutics announced that they will partner with Johnson & Johnson so they can create lung cancer treatments. The new collaboration aims at developing treatments using the fit-for-use antagonists of AdoRx receptors. They are designed to modulate the effects of high levels of adenosine seen in the tumor microenvironment, which allows the immune system to evade cancer
TOP KEY PLAYERS of Lung Cancer Therapeutics Market
The major players covered in the lung cancer therapeutics market report are Church & Dwight Co., Inc., GlaxoSmithKline plc., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, ONO PHARMACEUTICAL CO., LTD., F. Hoffmann-La Roche Ltd, Novartis AG, Eli Lilly and Company., AstraZeneca, Boehringer Ingelheim International GmbH, Merck & Co., Inc., CELGENE CORPORATION, Sanofi, Johnson & Johnson Services, Inc., Dr. Reddy’s Laboratories Ltd., ALLERGAN, Teva Pharmaceutical Industries Ltd. and Bristol-Myers Squibb Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of Report:
Lung Cancer Therapeutics Market report puts forth a range of segments linked to Market segmentation studies carried out in this report with respect to product type, applications, and geography are important in taking any verdict about the products. A Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.
Lung Cancer Therapeutics Market research report makes available the details about historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the associated industry. The world class Market report describes recent industry trends and developments. Under market penetration, it gives comprehensive information about the top players in the industry, their product portfolios, and their key strategies. The report describes major factors (drivers, restraints, opportunities, and challenges) that are influencing the growth of the Market and submarkets. It assesses the market shares for new entrants. The report covers strategic profiling of the key players and brands. Under competitive assessment, it performs in-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the market.
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