Portland, OR, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Oncology/Cancer Drugs Market by Drug Class Type (Chemotherapy, Targeted Therapy, Immunotherapy, and Hormonal Therapy) and Indication (Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Esophagus Cancer, Cervical Cancer, Kidney Cancer, Bladder Cancer, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025.” According to the report, the global oncology/cancer drugs market garnered $97.40 billion in 2017, and is expected to reach $176.50 billion by 2025, registering a CAGR of 7.6% from 2018 to 2025.

Growth Drivers and Industry Trends

Increase in incidence of cancer across the world and significant surge in government expenditure on healthcare services drive the growth in the market. However, adverse effects related to usage of cancer drugs hinder the market growth. On the other hand, increase in number of pipeline drugs and unlocked potential in emerging economies create new opportunities in the industry.

Request Report Sample at: https://www.alliedmarketresearch.com/request-sample/121

Targeted therapy contributed to nearly three-fifths of the total market share in 2017 and is expected to remain dominant throughout the forecast period. This is due to lesser side effects provided by these drugs as compared to other drugs. However, the immunotherapy segment is expected to grow at the highest CAGR of 10.4% from 2018 to 2025, owing to high survival and remission rates with their use.

Segmentation Analysis of the Industry

Kidney cancer contributed to one-fifth of the total market share in 2017 and will maintain its leadership position by 2025. This is due to high rate of prevalence and better survival rates. Lung cancer is expected to grow at the highest CAGR of 11.7% from 2018 to 2025, owing to significant rise in prevalence across the globe.

Asia-Pacific is expected to register the highest growth rate, with a CAGR of 9.5% from 2018 to 2025. This is due to large population base and development of advanced healthcare infrastructure. North America accounted for nearly half of the total market share in 2017 and will maintain its lead position by 2025, owing to surge in awareness among the population, access to premiere chemotherapy treatment options, and rise in sedentary lifestyle among the population.

Industry Key Players

Leading market players analyzed in the research include Amgen Inc., Eli Lilly and Company, Celgene Corporation, GlaxoSmithKline Plc., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Johnson & Johnson, Pfizer Inc., Novartis AG, and Sanofi.

Read More at: https://www.alliedmarketresearch.com/press-release/oncology-cancer-drugs-market.html

About Us:

Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com