Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Lung Cancer Therapeutics - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.
The global market for Lung Cancer Therapeutics is estimated at US$32.5 billion in 2024 and is anticipated to record a CAGR of 10.4% during the 2024-2030 analysis period and stand at a projected US$58.9 billion by 2030.
Lung Cancer Therapeutics Regional Market Analysis
In 2024, North America leads the global lung cancer therapeutics market with a share of approximately 43%, driven by the increasing prevalence of lung cancer, advancements in diagnostics, and the presence of biopharmaceutical companies. Improved access to expensive treatments is encouraged by widespread health insurance, robust healthcare infrastructure, and proactive FDA approvals that boost market growth. The region's large elderly population and high smoking rates further increase demand for therapeutics. On the other hand, the Asia Pacific region is projected to record the fastest CAGR of 12.2% during the analysis period 2024-2030, fueled by rising smoking rates and exposure to secondhand smoke.
Government investments in healthcare and expanded insurance coverage have enhanced access to care, and leading biopharmaceutical companies are improving manufacturing capabilities to produce advanced drugs at lower costs. Key drivers in the Asia Pacific market include a growing patient population, increased lung cancer awareness, and government initiatives to reduce the disease burden.
Lung Cancer Therapeutics Market Analysis by Cancer Type
The lung cancer therapeutics market in 2024 is dominated by the non-small cell lung cancer (NSCLC) type, which holds an estimated 85.3% share due to its high prevalence and the development of targeted therapies and immunotherapies. These advancements specifically target genetic mutations such as EGFR, ALK, and ROS1, providing personalized treatment options and improving patient outcomes with immune checkpoint inhibitors like pembrolizumab and nivolumab.
Conversely, the small cell lung cancer (SCLC) segment is anticipated to register the fastest CAGR of 11% during the forecast period 2024-2030, driven by increasing smoking rates and greater awareness of available treatments. While traditional SCLC therapies primarily consist of chemotherapy and radiotherapy, the introduction of new treatments like immune checkpoint inhibitors is beginning to improve survival rates, leading to a surge in global demand for lung cancer therapeutics.
Lung Cancer Therapeutics Market Analysis by Therapy Type
Targeted therapy is the largest market for lung cancer therapeutics, with an estimated share of 47.4% in 2024 due to its ability to effectively target cancer cells while sparing normal cells, leading to reduced side effects and lower recurrence rates. The growth of the biopharmaceutical industry and increased investments in research and development have led to significant advancements in targeted therapeutics, specifically addressing genetic or molecular abnormalities in tumors. This precision in targeting has notably improved treatment effectiveness and the quality of life for patients.
Additionally, the increasing healthcare expenditures and awareness of advanced gene therapies have driven the demand for targeted treatments. Meanwhile, immunotherapy is expected to be the fastest-growing segment, with a CAGR of 12.3% during the analysis period. This approach leverages the immune system to identify and eliminate cancer cells, gaining popularity among patients as an innovative method to effectively combat lung cancer.
Lung Cancer Therapeutics Market Analysis by End-User
In 2024, the hospitals segment is estimated to hold a 48% share of the end-user market, driven by the increasing availability of advanced therapies and comprehensive care for complex medical needs. Chemotherapy and targeted therapies are preferred in hospitals because of the constant supervision and a wide range of treatment options, such as surgery, radiation therapy, and immunotherapy, which are supported by multidisciplinary teams and clinical trials. In contrast, the specialty clinics segment is anticipated to experience robust growth, with a projected CAGR of 11.7% during the analysis period 2024-2030, driven by their capability to provide personalized, advanced treatments and focused care for lung cancer patients, often resulting in improved outcomes and experiences.
Lung Cancer Therapeutics Market Report Scope
This global report on Lung Cancer Therapeutics analyzes the market based on cancer type, therapy type, and end-users. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 254 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $32.5 billion |
| Forecasted Market Value (USD) by 2030 | $58.9 billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Global |
Key Topics Covered:
PART A: GLOBAL MARKET PERSPECTIVE
1. INTRODUCTION
- Lung Cancer Therapeutics Defined
- Lung Cancer Therapeutic Cancer Types
- Non-small cell lung cancer (NSCLC)
- Small cell lung cancer (SCLC)
- Lung Cancer Therapeutic Therapy Types
- Targeted Therapy
- Immunotherapy
- Chemotherapy
- Radiation Therapy
- Others (Including Surgery, Photodynamic Therapy (PDT), and Palliative Care)
- Lung Cancer Therapeutic End-Users
- Hospitals
- Specialty Clinics
- Other End-Users (Including Cancer Research Centers, Ambulatory Surgical Centers (ASCs), and Homecare settings)
2. Key Market Trends
3. Key Global Players
- AbbVie
- Amgen
- Astellas Pharma
- AstraZeneca
- Boehringer Ingelheim
- Bristol-Myers Squibb
- Eli Lilly
- F. Hoffmann-La Roche
- GSK
- Johnson & Johnson Innovative Medicine
- Merck
- Novartis
- Pfizer
- Sanofi
- Takeda Pharmaceutical
- Teva Pharmaceutical
4. Key Business Trends
5. Global Market Overview
- Global Lung Cancer Therapeutics Market Overview by Cancer Type
- Non-small cell lung cancer (NSCLC)
- Small cell lung cancer (SCLC)
- Global Lung Cancer Therapeutics Market Overview by Therapy Type
- Targeted Therapy
- Immunotherapy
- Chemotherapy
- Radiation Therapy
- Others
- Global Lung Cancer Therapeutics Market Overview by End-User
- Hospitals
- Specialty Clinics
- Other End-Users
PART B: REGIONAL MARKET PERSPECTIVE
PART C: GUIDE TO THE INDUSTRY
PART D: ANNEXURE
For more information about this report visit https://www.researchandmarkets.com/r/43lq66
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
