What is Chemotherapy Drugs Market?
According to Centres for Disease Control and Prevention (CDC), the U.S., each year about 650,000 cancer patients receive chemotherapy in an outpatient oncology clinic in the United States. It is estimated that Chemotherapy is one of the most common treatments for cancer that uses powerful chemicals to kill fast-growing cancerous cells in the patient's body. Chemotherapy drugs are used alone or in combination with other drugs for the treatment of a wide variety of cancers. These drugs are very different in their chemical composition that work differently. These drugs affect cancerous cells as well as normal cells. The affected normal cells recover from the effects of chemo over time, but cancer cells do not recover from the effects of chemo.
Highlights from Chemotherapy Drugs Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson & Johnson Services Inc (United States), GlaxoSmithKline PLC (United Kingdom), Eli Lilly and Company (United States), F. Hoffmann-La Roche Ltd (Switzerland), Novartis AG (Switzerland), Pfizer Inc. (United States), Merck & Co. Inc. (United States), Sanofi S.A. (France), Celgene Corporation (United States) and Bristol-Myers Squibb Company (United States) |
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Chemotherapy Drugs market throughout the forecasted period.
Johnson & Johnson Services Inc (United States), GlaxoSmithKline PLC (United Kingdom), Eli Lilly and Company (United States), F. Hoffmann-La Roche Ltd (Switzerland), Novartis AG (Switzerland), Pfizer Inc. (United States), Merck & Co. Inc. (United States), Sanofi S.A. (France), Celgene Corporation (United States) and Bristol-Myers Squibb Company (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Takeda Pharmaceutical Company Limited (Japan), Tesaro, Inc. (United States) and Clovis Oncology, Inc. (United States). Chemotherapy Drugs Market Segmentation:
Scope | Sub-Segments |
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Type | Alkylating Agents, Antitumor Antibiotics, Plant Alkaloids, Antimetabolites, Topoisomerase Inhibitors and Miscellaneous Antineoplastic |
Route of Administration | Intravenous,Oral,Intramuscular,Subcutaneous |
End-users | Hospitals,Ambulatory Surgical Centers,Clinics,Others |
Distribution Channel | Online Channels,Offline Channels |
On the basis of geography, the market of Chemotherapy Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research and Development Activities and Selective Delivery of Anticancer Drugs for Effective Lung, Colon, Cervical, and Breast Cancer Treatment
Market Growth Drivers:
Increased Number of Chemotherapy Treatments, Increasing Prevalence of Various Cancers among People and High Demand for Advanced Cancer Drugs
Challenges:
Stringent Government Rules and Regulations for New Drug Approval
Restraints:
Side Effects of the Chemotherapy Drugs on the Patient and No Complete Cure Treatment Availability for Some Caners such as Blood Cancers
Opportunities:
Growth in the Healthcare Industry Worldwide, Rise in the Healthcare Infrastructure in Developing Regions and Increasing Number of Online Pharmacies
Key Target Audience
Chemotherapy Drugs Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
Market Leaders & Development Strategies
In December 2019, Johnson & Johnson announced the acquisition of TARIS Biomedical LLC (TARIS), a privately-owned biotechnology company specializing in the development of a novel drug delivery technology for the treatment of bladder diseases including cancer. The company's lead clinical-stage product, TAR-200, uses the proprietary TARIS System, which features a silicone-based drug delivery device that allows for the continuous release of medication into the bladder.
In May 2022, Gland Pharma announced the launch of Bortezomib for Injection in the US market. Bortezomib injection is used to treat certain cancers, including multiple myeloma and mantle cell lymphoma.
The Food and Drug Administration (FDA) is the regulatory authority responsible for the approval and regulation of chemotherapy drugs in the United States. The FDA evaluates the safety, efficacy, and quality of drugs before granting approval for their use.