Market Industry Reports (MIR) has published a new report titled “Cancer Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Cancer Therapeutics Market is estimated to account for over US$ 140 billion by 2019. The market is anticipated to grow at a CAGR of ~7.7% from 2019 to 2030.
New York, NY -- (SBWIRE) -- 03/17/2020 -- Cancer Therapeutics describes a treatment, therapy, or drug in a patient, often with surgery, chemotherapy, targeted therapy, radiotherapy among others. A cancer patient might receive many different types of therapy depending on the type & stage of cancer aimed to relieve the symptoms of cancer, such as pain and benefit the health of an individual.
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Rising R&D activities and rise in their private & public funding is expected to positively impact the global market. Prominent players are trying to encourage technological advancements to develop the next generation cancer-targeting treatments through research & development collaborations. This has resulted in identification of new tumour targets and innovative approaches for treatment.
To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centres, and companies. For instance, in December 2018, Amgen and Direct Relief announced a joint initiative, were Amgen donated cancer treatments and supportive care medicines of worth $93 million to Direct Relief for distribution. This donation was provided to cancer patients in 18 developing countries.
Key players of Cancer Therapeutics market include Amgen Inc., Bayer AG, Johnson & Johnson Services, Inc., Merck & Co.Inc., Novartis AG, Pfizer Inc., F. Hoffmann-La Roche Ltd, AstraZeneca, Bristol-Myers Squibb Company, Eli Lilly and Company among others.
Cancer Therapeutics Market is anticipated to grow at a CAGR of 7.7% from 2019 to 2030.
Cancer Therapeutics Market by Treatment Type: Chemotherapy, Targeted Therapy, Immunotherapy, and Hormonal Therapy
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Application: Blood Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Breast Cancer and Cervical Cancer
End User: Hospitals and Cancer Specialty Centres
The global Cancer Therapeutics market is driven by factors such as the growing popularity of virtual reality games and the rising adoption of Cancer Therapeutics in the military & defence sector to provide real-time simulations for training. Moreover, the benefits of deploying Cancer Therapeutics for various applications, such as ease of use, ability to connect multiple devices, and high resolution of 360 degree pictures & videos, are also some of the major factors which are contributing to the global Cancer Therapeutics market growth. However, the high cost of Cancer Therapeutics and the lack of high-speed internet facilities for connecting such cameras with other devices are affecting the market growth of global Cancer Therapeutics adversely.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Cancer Therapeutics Market Size
2.2 Cancer Therapeutics Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Cancer Therapeutics Market Size by Manufacturers
3.2 Cancer Therapeutics Key Players Head office and Area Served
3.3 Key Players Cancer Therapeutics Product/Solution/Service
3.4 Date of Enter into Cancer Therapeutics Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Cancer Therapeutics Sales by Product
4.2 Global Cancer Therapeutics Revenue by Product
4.3 Cancer Therapeutics Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Cancer Therapeutics Breakdown Data by End User
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