Market Definition
The uncontrolled proliferation of cells in the lung tissues causes lung cancer, a deadly lung tumor. The main risk factor for lung cancer development is cigarette smoking. Lung cancer can also be brought on by smoking tobacco for a long time.
Market Outlook
The global lung cancer therapeutics market was valued at USD 18.6 billion in 2022 and it is anticipated to grow further till USD 74.4 billion by 2032, at a CAGR of 15.0% during the forecast period.
The uncontrolled proliferation of cells in the lung tissues causes lung cancer, a deadly lung tumor. The main risk factor for lung cancer development is cigarette smoking. Lung cancer can also be brought on by smoking tobacco for a long time. Using bronchoscopy or CT guidance, a biopsy is performed to confirm the diagnosis of lung cancer. Therefore, chemotherapy, radiation, immunotherapy, surgery, etc. can all be used to treat lung cancer.
Rising cancer awareness in both developed and developing countries, the introduction of new medical diagnostic tools and cutting-edge treatments, and an increase in lung cancer diagnoses have all contributed to the market expansion for lung cancer medicines. The expansion of the global market is also being boosted by this, along with rising investments made by leading players in research and development activities. Due to an increase in lung cancer cases, more attention is being paid to R&D projects, which is what is causing the market to alter.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Lung Cancer Therapeutics Market Segmental Overview
The report analyses the global lung cancer therapeutics market based on the therapy, cancer type, distribution channel, and region.
Global Lung Cancer Therapeutics Market by Therapy
Based on therapy, it is segmented into targeted therapy, immunotherapy, chemotherapy. The targeted therapy segment is anticipated to dominate the market during the forecast period. The key factors such as increasing R&D advances leading to greater adoption of sophisticated and advanced therapies such as immunotherapy coupled with the increasing prevalence of lung cancer is boosting the growth of the market.
Global Lung Cancer Therapeutics Market by Cancer Type
Based on the cancer type, it is segmented into non-small cell lung cancer and small cell lung cancer. The non-small cell lung cancer segment is anticipated to dominate the market during the forecast period. The increasing prevalence of all types of cancers are prevalent in the general population and lung cancer is one of the most common forms of cancer. The rising prevalence and rising incidence of lung cancer across all demographics and across all age groups have led to increasing demand for lung cancer therapeutics during the forecast period.
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Major Players in the Global Lung Cancer Therapeutics Market
The key players studied in the report are Genentech (F. Hoffmann-La Roche Ltd), Eli Lilly and Company, Celgene Corporation, AstraZeneca, Pfizer Inc., Sanofi, Novartis AG, Astellas, Bristol Myers Squibb, Boehringer Ingelheim Pharmaceuticals, Inc., Millennium Pharmaceuticals, Inc. (Takeda), and Merck Sharp & Dohme Corp. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2024 – US$ 18.3 Billion
- Market Size in 2033 – US$ 74.1 Billion
- CAGR % – 15.0%
- Historic Period – 2015-2022
- Forecast Period – 2024-2033
- Base Year – 2024
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