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Chemotherapy Market 2020 Analysis of Key Trends, Industry Dynamics and Future Growth 2027

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shriya laturkar
Chemotherapy Market 2020 Analysis of Key Trends, Industry Dynamics and Future Growth 2027

Global Chemotherapy Market: Information by Drug Class (Alkylating Agents, Mitotic Inhibitors, Antimetabolites, Topoisomerase Inhibitors and Antitumor Antibiotic), Indication (Lung Cancer, Breast Cancer, Colorectal Cancer, Prostate Cancer, Stomach Cancer, Lymphoma, Leukemia and Ovarian Cancer), Route of Drug Administration (Intravenous, Oral, Subcutaneous, Intra-Muscular, Intravesicular, Topical, Intraperitoneal and Intraventricular/Intrathecal) and End-User (Specialty Centers and Hospitals & Clinics) - Global Forecast till 2027

Chemotherapy is one of the most trustworthy methods used during the treatment of cancer. It is used in the prevention of the mitosis of cancer cells and used in the treatment of various cancers. The global chemotherapy market report compiled by Market Research Future (MRFR) contains a quantitative and qualitative analysis of drivers, trends, opportunities, and challenges.

Market Outlook

The global chemotherapy market size is likely to touch a size of USD 56,491.59 million by 2024 by showcasing a CAGR of 11.50% from 2019 to 2024 (forecast period). Rising cases of cancer is one of the biggest drivers of the market. According to the International Agency for Research on Cancer (IARC), cancer accounted for 18.1 million new cases. The number is high in countries dealing with changing lifestyles as well as rapid industrialization.

Rising health expenditure dedicated for oncology, attractive reimbursement schemes for patients, and rise in number of health insurance schemes are drivers of the market.

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Segmentation Analysis

The global chemotherapy market is segmented by route of drug administration, drug class, indication, and end-user.

By route of drug administration, it is segmented into intraventricular/intrathecal, intravesicular, intra-muscular, intravenous, intraperitoneal, topical, oral, and subcutaneous. Intravenous accounted for the largest market share, but the oral segment can exhibit 11.95% CAGR to accumulate significant revenue till 2024.

By drug class, it is segmented into antitumor antibiotic, mitotic inhibitor, topoisomerase inhibitor, antimetabolites, and alkylating agents. The alkylating agent segment is likely to exhibit 11.83% CAGR during the forecast period to reach a value of USD 20,360.32 million by 2024.

By indication, it is segmented into colorectal cancer, breast cancer, lung cancer, ovarian cancer, prostate cancer, stomach cancer, leukemia, lymphoma, and others. Lung cancer accounted for the largest market share in 2018 and touted to accrue revenues at 11.88% CAGR during the assessment period.  Technological developments in lung cancer diagnosis and the large geriatric population. On the other hand, breast cancer can exhibit 11.94% CAGR during the aforementioned period.

By end-user, it is segmented into hospitals & clinics, specialty centers, and others.

Regional Analysis

The Middle East & Africa, Asia Pacific (APAC), the Americas, and Europe are regions taken into consideration in the compilation of the global chemotherapy market report.

The Americas accounted for a market share exceeding 40% in 2018 and can register 10.88% CAGR during the forecast period. North America is one of the biggest contributors of the region due to the large healthcare expenditure as well as development of chemotherapy drugs. Manufacturers in the region are reaping profits by providing approval to generic version of drugs in a partnership or agreement model with smaller drug manufacturers.

The market can touch a value of USD 18,292.73 million in Europe by 2024 due to government initiatives for encouraging research and development in cancer and access to advanced treatment facilities. Germany is one of the biggest contributors to the region followed by France.

The APAC region is expected to grow at a rapid pace due to the high research and development funding allocated by economies of India and China for pushing the growth of the healthcare sector. Other major drivers include public awareness of diseases and treatments, patent expiry of drugs, advanced therapies, aging population, and growing cases of cancer.

Competitive Analysis

Major industry participants in the global chemotherapy market include Celgene Corporation, Pfizer Inc., Novartis AG, Johnson & Johnson Services Inc, Eli Lilly and Company, GlaxoSmithKline PLC, Bristol-Myers Squibb Company, Sanofi S.A., Merck & Co. Inc., and F. Hoffmann-La Roche Ltd. Acquisitions, mergers, and product developments are major strategies employed by these players to gain an edge over the competition.

Industry News

Clinical trials are the main focus of drug and medication manufacturers to survive in the chemotherapy market. Recently, AstraZeneca and Merck & Co. have gained success in the testing of Lynparza which inhibits the growth of poly (ADP-ribose) polymerase (PARP) proteins. The drug is shown to be effective when used in combination with chemotherapy.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/chemotherapy-market-5791

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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