Monday 30 December 2019

Popularity of Conventional Medicines Challenging Sales of Anticancer Drugs, Finds Fact.MR

Fact.MR’s Report on Global Anticancer Drugs Market
The sales of anticancer drugs are gaining strength, as a large number of awareness campaigns are being initiated by governments and central authorities, at a global level. The National Breast Cancer Foundation, Inc. runs an annual campaign by observing October as breast cancer awareness month, to spread information regarding the disease and encourage women to undergo screening tests. Such initiatives are increasing the number of diagnoses, inadvertently creating a large patient pool for anticancer drugs. Increase in funding to support the research & development of anticancer therapeutics is leading to advancements in treatment approaches and routes of administration. Development of therapeutics with better patient outcomes and lesser side-effects than conventional ones is projected to increase patients’ trust in these drugs, thereby strengthening the growth prospects of the anticancer drugs market.

Besides this, the U.S. Food and Drug Administration (FDA) designates the status of 'orphan drugs' to medications that hold promising potential for the treatment of rare diseases. To further support the development of highly-effective drugs for rare diseases such as cancer, the FDA offers incentives such as market exclusivity and tax credits for clinical trials. On the backdrop of these dynamics, the demand and supply of these drugs is projected to rise, thereby boosting the growth of the global anticancer drugs market. As such, the sales of these drugs are projected to reach ~US$ 156 Bn by 2025.

The anticancer drugs market study outlines the key regions – North America, Europe, Asia Pacific and Latin America – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are F. Hoffmann-La Roche Ltd, Eli Lily and Company, Novartis AG, Pfizer, Inc., and CELGENE CORPORATION.

The anticancer drugs market report addresses the below-mentioned queries:


    Why are vendors shifting away from traditional methods of manufacturing anticancer drugs market?
    How does the global anticancer drugs market looks like in the next five years?
    Which end use industry is expected to surpass segment by the end of 2025?
    What innovative products are being introduced by the players in the global anticancer drugs market?
    Which regions are showing the fastest market growth?

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On the basis of drug type, the anticancer drugs market study consists of


    Cytotoxic Drugs
    Targeted Drugs
    Hormonal Drugs

On the basis of therapy type, the anticancer drugs market study incorporates:


    Chemotherapy
    Targeted Therapy
    Immunotherapy

Crucial insights in the anticancer drugs market research:


    Underlying macro- and microeconomic factors impacting the growth of the anticancer drugs market.
    Basic overview of the anticancer drugs market, including market definition, classification, and applications.
    Scrutinization of each anticancer drugs market player based on mergers & acquisitions, R&D projects, and product launches.
    Adoption trend of anticancer drugs market across various industries.
    Important regions and countries offering lucrative opportunities to anticancer drugs market stakeholders.

Reasons to choose Fact.MR:


    Exhaustive research regarding the market to offer A to Z information.
    Digital technologies to provide innovative business solutions to the clients.
    24/7 availability of services.
    Interaction with suppliers, vendors, and service providers for precise market landscape.
    Reports tailored as per the requirements of the clients.

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https://www.factmr.com/connectus/sample?flag=S&rep_id=4350

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