Generally, cancer is the most leading causes of mortality and morbidity. The drugs that block the proliferation of cancerous cells by interfering with specific molecules like proteins or DNA, these specific molecules involved in the expansion and growth of cancerous cells, these drugs are called as cancer therapy. These cancer therapies consist of chemotherapy, radiation therapy, immunotherapy and surgery, and many others. Cancer Therapy drugs also involves in reducing the growth of cancer with interacting with specific molecules which also responsible for the increase as well as spread of cancerous cells. As cancer therapy market expected to a suggestive over a rate the forecast time and also performed well in awareness related chronic disease and cancer disease. Cancer is one of the common disease that causes the death. Therefore, the global cancer therapy market continuously trying to develop or rising in a new technologies to improve the market.
The report "Global Cancer Therapy Market, By Cancer Type (Breast Cancer, Prostate Cancer, Blood Cancer, Gastrointestinal Cancer, Respiratory/Lung Cancer, Gynecologic Cancer, and Other Cancer Types), By Treatment Type (Immunotherapy, Hormonal Therapy, Chemotherapy, Targeted Therapy, and Other Treatment Types), By End User (Cancer and Radiation Therapy Centers, Hospitals, and Specialty Clinics), and Region - Global Forecast to 2030" global cancer therapy market is projected to grow from US$ 66.5 billion in 2019 Certain factors that are driving the market growth include increasing Patient Assistance Programs (PAPs), increasing government initiatives for cancer awareness, rising prevalence of cancer worldwide, and strong R&D initiatives from key players. The upsurge in demand for personalized medicine and high potential of developing nations is expected to provide new opportunities for the market players in future.
Key Highlights:
· In January 2020, Medtronic Launches Efficio software to help clinicians efficiently manage targeted drug delivery therapy with SynchroMed
· In January 2020, Roche announced the completion of a supplemental Biologics License Application (sBLA) submission to the US Food and Drug Administration (FDA) for Tecentriq® (atezolizumab) in combination with Avastin® (bevacizumab), for the treatment of people with unresectable hepatocellular carcinoma (HCC) who have not received prior systemic therapy.
Key Market Insights from the report:
The global cancer therapy market accounted for US$ 66.5 billion in 2019 and is projected to register a moderate CAGR of 8.50% over the forecast period. The market report has been segmented on the cancer type, treatment type, end user, and region.
· By cancer type, breast cancer is expected to dominate in this segment, due to higher and continuously increasing prevalence of breast cancer across the world.
· By cancer type, breast cancer is expected to dominate in this segment, due to higher and continuously increasing prevalence of breast cancer across the world.
· By end user, the global cancer therapy market is sub-divided into cancer and radiation therapy centers, hospitals, and specialty clinics.
· By region, North America is projected to lead the global cancer therapy market and is expected to remain dominant during the forecast period, owing to the increased adoption of cancer therapy.
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The prominent player operating in the global cancer therapy market includes Medtronic Inc., F. Hoffman-La Roche Ltd., Universal Cancer Therapy Inc., LifeScan Inc., Abbott Point of Care Inc., Sysmex Corporation, Pharmaco-Kinesis Corporation (PKC), Bio-Rad laboratories Inc., Cancer Therapy International Pte. Ltd., ACON Laboratories, Inc., Nova Biomedical Corp.
