Increasing occurrences of lung cancer because of mounting smoking population is one of the major factors driving the growth of lung cancer therapeutics market
Hyderabad, India -- (SBWIRE) -- 02/14/2018 -- The Global Lung Cancer Therapeutics Market was worth $5.65 billion in 2016 and estimated to be growing at a CAGR of 6.7%, to reach $7.81 billion by 2021. The rising proportion of smoking population and pollution are the key projected drivers behind the growth.
Introduction of scientifically advanced new treatments is also expected to drive forward the market growth globally. Invention of safer and novel could increase the scope of the market widely, and into still untapped markets around the world.
The availability of advanced radiation treatment facilities and superior priced drugs in the market in the future is supposed to increase the market share globally. In the present day, cigarette smoking is projected to be the key driver behind the increase in the occurrence of lung cancer, which subsequently increases the market share.
In the U.S., lung cancer is currently the most occurring cancer among the population, and is again reasoned with the rising proportion of smoking population. Various reimbursement schemes by governments also propel the market growth forward. Though, the availability of generic drugs at subsidised rates is predicted to constrain the growth of the market.
Browse full research report with TOC on " Lung Cancer Therapeutics Market by Treatment Type (Chemotherapy (Cisplatin, Taxol, Navelbine, Camptosar and Alimta), Radiotherapy (External Beam, Internal Beam and Systemic) and Other Drugs (Abraxane, Avastin, Crizotinib, Docetaxel and Gefitinib)) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" at: http://www.MarketDataForecast.com/industry-analysis/beryllium-market
Market Data Forecast has segmented the global lung cancer therapeutics market on the basis of treatment type:
Treatment Type (Volume, Kilograms; Revenue, USD Thousands; 2016-2021)
Chemotherapy Radiotherapy Other Drugs
Further Key Findings From the Report Suggest:
Poor treatment facilities in the emerging and developing countries around the globe is a key restraint to the market growth.
North America and Europe lead the lung cancer therapeutics market globally, owing to the high occurrence of smoking population.
High treatment costs and adverse effects of radiation treatments also deter the growth of the market.
Asia-Pacific region to have a high growth rate due to the increasing pollution because of the presence of large number of developing countries and the subsequent industrialisation.
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