Global Targeted Cancer Therapies Market Growth Accelerated by Increasing Application of Targeted Cancer Therapies

Sneha

Global Targeted Cancer Therapies Market Growth Accelerated by Increasing Application of Targeted Cancer Therapies

Targeted cancer therapies provide therapeutic options to patients suffering from cancer. These therapies specifically target molecular changes in cancer cells that help them grow, divide, and spread. They work by targeting specific vulnerabilities within tumor cells. Some of the key targeted cancer therapies include monoclonal antibodies, tyrosine kinase inhibitors, and agents targeting programmed cell death protein 1 and its ligand. The global Targeted Cancer Therapies Market is estimated to be valued at US$ 1603.7 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing application of targeted cancer therapies across different cancer types is expected to drive the market growth over the forecast period. Unlike traditional chemotherapy, targeted cancer therapies are designed to interfere with specific molecular changes that allow cancer to grow. This improves the efficacy of treatment and also reduces side effects associated with non-targeted chemotherapy. With advancements in understanding of cancer biology, more molecular targets are being identified which can be blocked by targeted therapies. This is further increasing the application of targeted therapies in treatment of cancers like lung cancer, breast cancer, prostate cancer and others. The development of effective targeted therapies designed for specific cancer mutations will remain an area of active research.

Segment Analysis

Targeted cancer therapies market is dominated by monoclonal antibodies sub segment. Monoclonal antibodies accounted for over 45% of the total targeted cancer therapies market in 2023. Monoclonal antibodies are specific immune proteins designed to recognize and attach to cancer cells. They can be designed to attack cancer cells more precisely than chemotherapy or regular antibodies. Their specificity helps minimize damage to healthy tissues. This make monoclonal antibodies an attractive and dominating treatment options for targeted cancer therapies.

Key Takeaways

The Global Targeted Cancer Therapies Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis related content comprises Asia Pacific is expected to be the fastest growing region in the targeted cancer therapies market. Increasing prevalence of cancer, rising healthcare spending, growing awareness about cancer treatment are some key factors driving the growth of targeted cancer therapies market in Asia Pacific region.

Key players operating in the targeted cancer therapies market are Amgen Inc., AstraZeneca PLC, Bayer AG, Johnson and Johnson and Merck & Co. Inc. These companies accounted for over 60% share of the global targeted cancer therapies market in 2023.

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How Targeted Cancer Therapies Are Changing the Landscape of Cancer Care

Sushil Mahalle's Articles 2023-04-21

Unlike chemotherapy, which attacks both cancerous and healthy cells, targeted therapies have a more targeted approach, reducing the damage to healthy tissues and organs. Targeted Cancer Therapies have been approved for the treatment of various types of cancer, including breast, lung, and colorectal cancer, and are currently being developed for the treatment of other types of cancer. The main benefit of targeted cancer therapies is that they attack only cancer cells and spare healthy cells. To treat these changes, targeted cancer therapies interfere with the proteins or genetic mutations that help cancer cells grow and spread. Some types of targeted therapies block or turn off signals that cause cancer cells to grow and divide, and others tell the cancer cells to self-destruct.

Targeted Cancer Therapies Market Growth Accelerated By Rising Adoption Of Cancer Specific Therapeutics

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The growing trend of patient-centric care and rising preference for personalized treatment options is augmenting the demand for targeted cancer therapies. The global Targeted Cancer Therapies Market is estimated to be valued at US$1,603. Segment AnalysisThe Global Targeted Cancer Therapies Market Demand is dominated by immunotherapy sub-segment. Regional analysis: North America currently dominates the targeted cancer therapies market and is expected continue its dominance over the forecast period. Asia Pacific is expected to witness fastest growth owing to large patient pool, rising awareness regarding cancer treatment options and improving healthcare infrastructure.

Targeted Cancer Therapies Market to Grow at Highest Pace owing to Increasing Demand for Personalized Therapy

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The Global Targeted Cancer Therapies Market is estimated to be valued at US$ 1847. Impact of COVID-19 on Targeted Cancer Therapies Market The COVID-19 pandemic has significantly impacted the growth of the targeted cancer therapies market. Overall, the long-term outlook for targeted cancer therapies remains positive as focus on precision and combination regimens continues to increase. Fastest Growing Region for Targeted Cancer Therapies - Asia Pacific The Asia Pacific region is expected to experience the highest growth in the targeted cancer therapies market during the forecast period. Overall, APAC offers immense opportunities for market players to tap unmet needs and collaborate with local players.

Global Genomic Cancer Testing Market Is Estimated To Witness High Growth Owing To Increasing Demand For Personalized Medicine

sachin sadgir 2023-08-28

The Global Genomic Cancer Testing Market Is Estimated To Be Valued At US$16. B) Market Key Trends: One Key Trend In The Genomic Cancer Testing Market Is The Increasing Demand For Personalized Medicine. Technological: Rapid Advancements In Genomic Sequencing Technologies, Such As Next-Generation Sequencing, Have Significantly Improved The Accuracy And Efficiency Of Genomic Cancer Testing. D) Key Takeaways: 1: The Global Genomic Cancer Testing Market Is Expected To Witness High Growth, Exhibiting A CAGR Of 16. In Conclusion, The Global Genomic Cancer Testing Market Is Expected To Witness Significant Growth In The Coming Years, Driven By The Increasing Demand For Personalized Medicine And Advancements In Genomic Sequencing Technologies.

Intratumoral Cancer Therapies Market 2023 - Market Size, Business Trends, Segmentation, Share, Regional Analysis And Forecast To 2032

snigdha 2023-11-09

The Intratumoral Cancer Therapies Global Market Report 2023, provides comprehensive information on the intratumoral cancer therapies market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. Despite these challenges, the global intratumoral cancer therapies market is poised for substantial expansion, with projections estimating a market size of $197. This exemplifies the transformative power of technology in advancing therapeutic possibilities within the intratumoral cancer therapies landscape. The intratumoral cancer therapies market is segmented:1) Intratumoral Cancer Therapies Market By Technology: Monoclonal Antibodies, Vaccines, Checkpoint Inhibitors, Cell Therapies, Immunes System Modulator, Adoptive Cell Transfer, Cytokines2) Intratumoral Cancer Therapies Market By Application: Lung Cancer, Breast Cancer, Malenoma, Prostate Cancer, Head and Neck Cancer, Other Applications3) Intratumoral Cancer Therapies Market By End Users: Hospitals, Cancer Research Centres, ClinicsNorth America was the largest region in the intratumoral cancer therapies market in 2022. The table of contents in TBRC’s intratumoral cancer therapies market report includes:1.

Progress in Cancer Treatment and Cancer Treatment in Pune

Dr. Shona Nag 2021-08-19

Her2 positive breast cancer was considered incurable 20 years ago.

With the advent of a plethora of targeted therapies against the Her2 gene – we are curing many women with Breast cancer.

In the years to come, this group of patients will have the best prognosis.

They will also have chemotherapy-free treatments and receive only anti Her2 antibodies, be it in early or late-stage disease.

The treatment of Her2 positive Breast Cancer Treatment in Pune has truly been a breakthrough in cancer medicine.Progress in Cancer Treatment and Cancer Treatment in Pune

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Targeted cancer therapy uses pharmacological agents that inhibit growth, increase cell death, and restrict the spread of cancer; however, it targets specific type of proteins that helps in tumorigenesis.

Moreover, new technological development and recent medical advancements have made it possible to analyze the type of cancer and provide customized treatments to the patient.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=32447 The global targeted cancer drug market can be segmented based on drug type, distribution channel, and region.

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However, high cost of the treatment, little to no reimbursement in developing economies, unavailability of the treatment in Asian countries such as India, and a shortage of skilled professionals are some factors restraining the growth of the targeted cancer drugs market.

Opportunities available in order to make the treatment more convenient for the patients and to dominate targeted cancer drugs market includes the introduction of robotics and automation for surgeries, more emphasis towards painless treatment and increasing population of smokers and drug addicts.

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