Global Solid Tumor Drugs Market Overview:
Solid Tumors are abnormal mass of tissue that usually does not contain cysts or liquid areas. Solid Tumors can be cancerous (malignant) or noncancerous (benign). The global solid tumor drugs market is expected to grow in the future due to advancements in treatment techniques, such as targeted and combination therapies. The rise in the prevalence of different forms of metastatic cancers and the increase in the demand for highly effective chemotherapeutic agents are driving the market.
Growth Drivers
- Rise in the Prevalence of Different Forms of Metastatic Cancers
- Increase in the Demand for Highly Effective Chemotherapeutic Agents
Market Trends
- Increasing Investment in Clinical Trials along with R&D of Cancer Drugs
Roadblocks
- Side Effects of Solid Tumor Drugs such as Skin Reactions, Anemia, and Hair Loss
Opportunities
- Increasing Expenditure in Cancer Treatment
- Growth in the Healthcare Industry Worldwide
- Rise in the Healthcare Infrastructure in Developing Regions
Challenges
- High Cost of Therapy
- Stringent Government Rules and Regulations for New Drug Approval
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are AstraZeneca (United Kingdom), Abbott Laboratories (United States), Amgen Ireland Limited (Ireland), Biogen (United States), Baxter (United States), Bristol-Myers Squibb Company (United States), F. Hoffmann-La Roche Ltd (Switzerland), Eli Lilly and Company (United States), Johnson & Johnson Services Inc (United States), GlaxoSmithKline PLC (United Kingdom), Celgene Corporation (United States) and Pfizer Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Solid Tumor Drugs market by 2026. Considering Market by Drug, the sub-segment i.e. Entrectinib will boost the Solid Tumor Drugs market. Considering Market by Therapy, the sub-segment i.e. Chemotherapy will boost the Solid Tumor Drugs market.
In Aug 2020, Foundation Medicine, Inc. announced that the U.S. Food and Drug Administration (FDA) approved FoundationOne®Liquid CDx, the Company’s comprehensive pan-tumor liquid biopsy test., and In June 2020, The Food and Drug Administration granted accelerated approval to pembrolizumab (KEYTRUDA, Merck & Co., Inc.) for the treatment of adult and pediatric patients with unresectable or metastatic tumor mutational burden-high (TMB-H) [≥10 mutations/megabase (mut/Mb)] solid tumors, as determined by an FDA-approved test, that have progressed following prior treatment and who have no satisfactory alternative treatment options.
What Can be Explored with the Solid Tumor Drugs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solid Tumor Drugs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solid Tumor Drugs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solid Tumor Drugs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solid Tumor Drugs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Solid Tumor Drugs Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.