Industry Background:
The renal cancer drug therapy market has witnessed a dramatic change in its treatment paradigm over the last three decades. Although there are a variety of treatment options available, innovators have now shifted their focus towards more targeted therapies and immunotherapies. The market is primarily driven by lifestyle affecting factors such as reduced physical activity, excessive smoking and drinking. A rising aging population and the mounting prevalence of kidney cancer cases are some of the additional factors boosting the growth of the market. Strong pipeline and fast-emerging treatments are expected to further boost the market during the analysis period. However, high cost of drugs, looming off-patents and uncertain reimbursement policies are some of the factors that are likely to restrain the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amgen / Allergan (United States), Argos Therapeutics (Netherlands), AstraZeneca (United Kingdom), Aveo Pharmaceuticals (United States), Bayer (Germany), Exelixis (United States), Incyte (United States), Merck (United States), Roche (Switzerland) and Bristol-Myers Squibb (United States) |
This growth is primarily driven by Rising prevalence of cancer and autoimmune & infectious diseases and Launch of several diagnostic and screening programs worldwide.
Globally, a noticeable market trend is evident Increasing adoption of immunotherapy drugs over conventional treatment regimens Major Players, such as Amgen / Allergan (United States), Argos Therapeutics (Netherlands), AstraZeneca (United Kingdom), Aveo Pharmaceuticals (United States), Bayer (Germany), Exelixis (United States), Incyte (United States), Merck (United States), Roche (Switzerland) and Bristol-Myers Squibb (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In December 2021, Allergan Aesthetics Completes Acquisition of Soliton. The addition of Soliton and its technology complements Allergan Aesthetics' portfolio of non-invasive body contouring treatments to now include a proven treatment for the appearance of cellulite. At Allergan Aesthetics, an AbbVie company, we develop, manufacture, and market a portfolio of leading aesthetics brands and products
In July 2019, Amgen NA allergen launched Mvasi and Kanjinti, the first anticancer Biosimilar, in the united states. According to the Amgen-Allergan partnership, the list price of both products will be 15% lower than their respective reference products.
Influencing Trend:
Increasing adoption of immunotherapy drugs over conventional treatment regimens
Market Growth Drivers:
Rising prevalence of cancer and autoimmune & infectious diseases and Launch of several diagnostic and screening programs worldwide
Challenges:
Lack of awareness
Restraints:
Timeline issues, side-effects, and manufacturing complexities
Opportunities:
Increased demand for personalized medicines
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 Cancer Drug Therapy Market
- Analysis about New Entrants in Cancer Drug Therapy 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, Cancer Drug Therapy Study Sheds Light on
The Cancer Drug Therapy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cancer Drug Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cancer Drug Therapy 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.