Chemotherapy market overview and analysis by drug class, indication, route of drug administration and end user -forecast till 2030. According to the analysis offered by Market Research Future (MRFR), the global chemotherapy market has been presumed to strike a CAGR of 7.5% during the forecast period 2022 to 2030. Chemotherapy is a successful cancer treatment that targets particular cancer areas by injecting chemicals into the circulation. The rising burden of the disease is expected to dominate the marketa’s growth trajectory.
Chemotherapy is overused in the treatment of a number of diseases, such as lung cancer, bone cancer, blood cancer, etc. Technical advancements in the therapy are also expected to improve the trajectory of the chemotherapy industry in the future.
Priority is given to research and development in order to increase precision and effectiveness. It is expected to have a positive impact on the expansion of the chemotherapy sector. On the other side, there are still obstacles to the market’s growth, such as the high cost of care and inadequate reimbursement practises. In the years to come, it’s also projected that side effects of the drug, such as hair loss, hearing loss, alopecia, etc., will restrain the expansion of the chemotherapy industry.
Some of the key players profiled in this MRFR report are Sanofi (France), Eli Lilly & Company (U.S.), GlaxoSmithKline (U.K.), Novartis (Germany), Pfizer Inc. (U.S.), ImClone Systems Inc. (U.S.), AstraZeneca (U.K), Schering-Plough (U.S.), Bristol-Myers Squibb , Teva Pharmaceuticals Industries (Japan), F. Hoffmann-La Roche Ltd ( Switzerland), Boehringer Ingelheim (Germany), Merck & Co., Inc. (U.S.), CELGENE CORPORATION (U.S.), Amgen Inc (U.S.), Chemo Espana SL (Spain), Bayer AG (Germany), and Takeda Pharmaceutical Company Limited (Japan).
On the basis of drugs, the global chemotherapy market size has been segmented into anti-tumor antibiotics, topoisomerase inhibitors, alkylating agents, antimetabolites, mitotic inhibitors, and others.
The alkylating agents segment has been further sub-segmented into mustard gas derivatives, ethylenimines, alkyl sulfonates, hydrazines and triazines, and others. The anti-tumor antibiotics segment is further sub-segmented into anthracyclines and chromomycin. The topoisomerase inhibitors segment has been sub-segmented into Topoisomerase I inhibitors and Topoisomerase II inhibitors.
On the basis of indication, the chemotherapy market has been segmented into lymphoma, leukemia, breast cancer, lung cancer, myeloma, ovarian cancer, sarcoma, and others.
On the basis of the route of drug administration, the global chemotherapy market has been segmented into oral and intravenous.
On the basis of end-user, the chemotherapy market has been segmented into hospitals, research institutes, and others.
By region, the global chemotherapy market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is expected to thrive significantly in the foreseeable future. The rising burden of cancer is poised to dive the expansion of the chemotherapy market in the region over the assessment period. Other factors that are likely to propel the expansion of the regional market are changing lifestyle, advancements in healthcare, rising healthcare expenditure, etc.
Europe is projected to witness considerable growth owing to the availability of funds and government support for research & development. Also, Asia Pacific is likely to flourish during the projection period due to rapid developments in the healthcare sector. It is estimated to strike a comparatively higher CAGR across the review period. Meanwhile, the Middle East & Africa resonates growth opportunities owing to the increasing awareness about the disease.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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