Industry Background:
According to the World Cancer Research Fund International (WCRF), ovarian cancer is the seventh most common cancer in women worldwide and causes more deaths per year than any other gynecological cancer increasing adoption of novel drugs and presence of strong pipeline is driving the Global Ovarian Cancer drugs market. In 2018, there will be approximately 22,240 new cases of ovarian cancer diagnosed and 14,070 ovarian cancer deaths in the United States. Ovarian cancer (OC) is a type of cancer that arises in ovaries of a woman from the different type of cells, caused due to mutagenic changes in DNA. Risk of developing mutation is high if a woman has inherited mutation (Hereditary mutation) in BRAC1 and BRAC2 genes. Large numbers of therapeutics are in the developmental stage for the treatment of ovarian cancer. Drugs like Avelumab and Entinostat are being evaluated for efficacy as a combination therapy for ovarian cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Allergan plc (Ireland), Pfizer, Inc. (United States), Merck KGaA (Germany), AstraZeneca (U.K.), F. Hoffmann-La Roche AG (Switzerland), Johnson & Johnson (United States), Syndax Pharmaceuticals, Inc. (United States), Clovis Oncology (United States), Kazia Therapeutics Limited. (Australia), GlaxoSmithKline (U.K.), Genentech Inc.,(United States) and Boehringer Ingelheim (Germany) |
According to AMA, the market for Ovarian Cancer Drugs is expected to register a CAGR of 8.3% during the forecast period to 2030. This growth is primarily driven by Increasing Incidence of Ovarian Cancer, Need for more effective treatment option for Ovarian Cancer and Increase in healthcare expenditure and the Government funding.
Globally, a noticeable market trend is evident Rising incidence of OC due to increasing geriatric population and unhealthy lifestyles being followed by women. The Health Care Supplies sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allergan plc (Ireland), Pfizer, Inc. (United States), Merck KGaA (Germany), AstraZeneca (U.K.), F. Hoffmann-La Roche AG (Switzerland), Johnson & Johnson (United States), Syndax Pharmaceuticals, Inc. (United States), Clovis Oncology (United States), Kazia Therapeutics Limited. (Australia), GlaxoSmithKline (U.K.), Genentech Inc.,(United States) and Boehringer Ingelheim (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by numerous key players who have the bargaining power high in this market as the market is dominated by generic drugs and there are many suppliers producing the drugs. The threat of new entrants is moderate as the drugs for treating ovarian cancer are mainly generic and pharmaceutical companies can easily start producing these drugs. The Intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability. For instance, Roche’s blockbuster drug Avastin (bevacizumab) used in combination with Carboplatin and Paclitaxel is being used to treat ovarian cancer.
Key Developments in the Market:
In April 2021, Zentalis Pharmaceuticals announced a clinical collaboration agreement to evaluate its ZN-c3 and GSK’s ZEJULA (niraparib) combination for advanced epithelial ovarian cancer patients.
In September 2022, AstraZeneca and Merck announced that Lynparza (olaparib) has been approved in China for the maintenance treatment of adult patients with advanced epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in complete or partial response to 1st-line platinum-based chemotherapy in combination with bevacizumab and whose cancer is associated with homologous recombination deficiency (HRD)-positive status.
Influencing Trend:
Rising incidence of OC due to increasing geriatric population and unhealthy lifestyles being followed by women.
Market Growth Drivers:
Increasing Incidence of Ovarian Cancer, Need for more effective treatment option for Ovarian Cancer and Increase in healthcare expenditure and the Government funding
Challenges:
Development of new drugs and therapeutics with improved efficacy for effective treatment is a challenge for this market.
Restraints:
Availability of generic drugs and patent expiration of branded drugs may hamper the market growth.
Opportunities:
Increasing prevalence of OC among women in developed and underdeveloped countries.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ovarian Cancer Drugs Market
- Analysis about New Entrants in Ovarian Cancer Drugs Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ovarian Cancer Drugs Study Sheds Light on
The Ovarian Cancer Drugs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ovarian Cancer Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ovarian Cancer Drugs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.