Increasing instances of cancer is driving the growth in Global Targeted Cancer Therapy Market in the forecast period, 2022-2026.
According to TechSci Research report, “Targeted Cancer Therapy Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026” the global targeted cancer therapy market has a potential to project an impressive CAGR toward forces growth in the period, 2022-2026, on the account of increasing researches and technological advancement in the healthcare industry. Increasing studies and innovative drug manufacturing as cancer therapeutics is anticipated further drive the growth of the global targeted cancer therapy market in the upcoming five years.
Recent launches of innovative drugs from various market players are supporting the growth of the global targeted cancer therapy market in the next five years. Additionally, surging demands for the effective treatment of cancer diseases is substantiating the growth of the global targeted cancer therapy market in the future five years.
Cancer has a tendency to retaliate even after a successful surgical removal of cancerous tissue, organ, or after completion of chemotherapy & radiotherapies. The consumers are demanding for more confirmed and effective treatment of the cancer thus further aiding the growth of the global targeted cancer therapy market in the forecast years, until 2026.
Furthermore, stringent regulations, prolong clinical trials, and delayed FDA approvals may put a mild restraint on the future growth of the global targeted cancer therapy market in the forecast period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Targeted cancer therapy Market"
The global targeted cancer therapy market is segmented on the basis of therapy type, disease indication, end user, competitional landscape, and regional distribution. Based on therapy type, the market is further fragmented into hormone therapies, monoclonal antibodies, signal transduction inhibitors, gene expression modulators, apoptosis inhibitors, and others.
Monoclonal antibodies therapies are expected to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of rapidly increasing research on manipulation of monoclonal antibodies and development of the pharmaceutical products for the treatment of the cancer.
Also, utilization of monoclonal antibody therapeutics is done for launching chemotherapy and radiotherapy so that they attack directly at tumor and thus substantiate the growth of the sub-segment along with global targeted cancer therapy market in the forecast years. Gene expression modulators are also expected to register significant growth due to advancing genetic technology and increasing researches on the genetic engineering backgrounds.
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These modulators alter the carcinogenic genes and supports the demand of halting the growth of the cancer cells & proteins thus supporting the growth of the global targeted cancer therapy market in the next five years.
Some of the market players, dominating the global market are
- Boehringer Ingelheim GmbH
- Abbott Laboratories, Inc.
- Cytokinetics Inc
- OncoGenex Pharmaceuticals Inc.
- Amgen, Inc.
- Pfizer, Inc.
- GlaxoSmithKline Plc
- AstraZeneca Plc.
- AVEO Pharmaceuticals Inc.
- Bayer HealthCare AG
These market players along with new market entrants, are focused on extensive research and bringing innovative and advanced products. Technologically advanced manufacturing of the pharmaceutical products and therapeutic processes would aid in decreasing the cost of the production and aid the players in managing their investments. Moreover, initiatives from the government and private fundings would support the global targeted cancer therapy market growth indirectly.
“North America region is anticipated to dominate the global market analysis on the grounds of most of the researches based on cancer and cancer therapies being conducted in the larger economies like the United States, and Canada. Also, the rapidly increasing market players in the region are supporting the growth of the global targeted cancer therapy market in the upcoming five years. Additionally, increasing cases of blood cancer, lung cancer, breast cancer is largest in the US and neighboring countries that are further supporting the growth of the global targeted cancer therapy market in the next five years. Moreover, targeted cancer therapies are actively being approved by FDA looking at the rapidly increase in the patient count thus further substantiating the growth of the global targeted cancer therapy market in the future five years. Asia Pacific region is also anticipated to register significant growth in the consecutive five years in future on the account of sudden increase in the population accounting for cancer symptoms. Shift in poor lifestyle, eating habits, and environmental effects along with genetic modifications is aiding the growth of the global targeted cancer therapy market in the forecast years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Targeted Cancer Therapy Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Therapy Type (Hormone Therapies, Monoclonal Antibodies, Signal Transduction Inhibitors, Gene Expression Modulators, Apoptosis Inhibitors, Others), By Disease Indication (Lung Cancer, Breast Cancer, Colorectal Cancer, Leukemia, Melanoma, Lymphoma, Others), By End User (Hospitals & Clinics, Cancer & Radiation Therapy Centers, Academic & Research Institutions), By Region”, has evaluated the future growth potential of global targeted cancer therapy and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global targeted cancer therapy market.
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