Oncology Drugs Market Scope and Overview
The size of the Oncology Drugs Market was USD 198.73 billion in 2022 and is projected to reach USD 471.35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2030.
In the realm of oncology drugs, the market has witnessed substantial growth, with a significant increase in market size from USD 198.73 billion in 2022 to an estimated USD 471.35 billion by 2030. This remarkable expansion is anticipated to occur at a robust CAGR of 11.4% over the forecast period spanning from 2023 to 2030.
The escalating demand for oncology drugs can be attributed to various factors, including the rising prevalence of cancer worldwide, advancements in medical research and technology, and an increasing focus on personalized medicine. These factors, coupled with the growing awareness and accessibility of cancer treatments, are driving the market’s growth trajectory.
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Furthermore, the expanding geriatric population, which is more susceptible to cancer, is contributing to the surge in demand for oncology drugs. Additionally, the introduction of novel therapies and targeted treatments, such as immunotherapies and precision medicine, has revolutionized the field of oncology, providing patients with more effective and tailored treatment options.
Major Players Listed in the Report are as Follows:
Genentech, Inc., F. Hoffmann-La Roche Ltd, Novartis AG, Pfizer Inc., GlaxoSmithKline plc., Bristol-Myers Squibb Company, AstraZeneca, Eli Lilly & Company, Bayer AG, Sanofi and other players.
Oncology Drugs Market Segmentation as Follows:
By Drugs Class
- Targeted Drugs
- Cytotoxic Drugs
- Hormonal Drugs
- Targeted Therapy
- Stomach Cancer
- Lung Cancer
- Prostate Cancer
- Colorectal Cancer
- Breast Cancer
By Dosage Form
By Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
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Geographically, North America currently dominates the oncology drugs market, owing to the presence of well-established healthcare infrastructure, extensive research and development activities, and a high prevalence of cancer cases. However, the Asia Pacific region is expected to witness significant growth during the forecast period, primarily due to the increasing healthcare expenditure, improving access to healthcare facilities, and a rising patient pool.
In conclusion, the oncology drugs market is poised for substantial growth, with an estimated value of USD 471.35 billion by 2030. Factors such as the rising prevalence of cancer, advancements in medical research, and the introduction of innovative therapies are driving this growth. As the Furthermore, the increasing investments in oncology research and development by pharmaceutical companies and government organizations are expected to further propel the expansion of the oncology drugs market in the coming years.
Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Oncology Drugs Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Oncology Drugs Market Segmentation, By Drugs Class
Chapter 9 Oncology Drugs Market Segmentation, By Therapy
Chapter 10 Oncology Drugs Market Segmentation, By Indication
Chapter 11 Oncology Drugs Market Segmentation, By Dosage Form
Chapter 12 Oncology Drugs Market Segmentation, By Distribution Channel
Chapter 13 Regional Analysis
Chapter 14 Company profile
Chapter 15 Competitive Landscape
Chapter 16 Use Case and Best Practices
Chapter 17 Conclusion
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Akash Anand – Head of Business Development & Strategy,
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),
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