The global chemotherapy drug market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Anticancer or chemotherapy drugs are chemicals that can denature cancer cells by arresting their growth. Though anticancer drugs affect the division of cancer cells, normal cells are also affected in the course of the event.
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The growth of the cancer drugs market is driven by an increase in the prevalence of cancer disease and rise in the incidence of various cancer conditions, an increase in popularity of advanced therapies (biological and targeted drug therapies), and a surge in the geriatric population globally. In addition, the rise in cancer awareness, early screening of cancer also contribute toward the growth of the global chemotherapy drug market. However, the high cost involved in new drug development coupled with the threat of failure & adverse effects associated with cancer drugs therapies poses to restrain the growth of the global chemotherapy drugs market. Conversely, the high potential of emerging economies and the higher number of potential drugs in the pipeline are expected to offer lucrative opportunities during the forecast period.
Some key players operating in the market include Novartis AG, Amgen Inc., F. Hoffmann-La Roche Ltd, Sanofi, Eli Lilly and Company, among others. These players are aiming to strengthen their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, and so on.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Novartis AG, Amgen Inc., F. Hoffmann-La Roche Ltd, Sanofi, Eli Lilly and Company, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chemotherapy Drug Market by Segments
By Types
- Alkylating Agents
- Antitumor Antibiotics
- Plant Alkaloids
- Antimetabolites
- Topoisomerase Inhibitors
- Miscellaneous Antineoplastic
By Route Of Administration
- Intravenous
- Oral
- Intramuscular
- Subcutaneous
By Distributional Channel
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
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