Lung Cancer Therapeutics Market Segment Forecasts up to 2023,Research Reports-Transparency Market Research
Lung cancer also called pulmonary carcinoma is a type of cancer characterized by uncontrolled cell growth in the lungs. There are two types of lung cancer: small cell lung cancer (SCLC) and non-small cell lung cancer (NSCLC); where over 80% of the lung cancers are NSCLC. These are differentiated based on their size as view under the microscope. Lung cancer is one of the most prevalent cancers and also has the highest mortality rate as compared to other cancers. Statistics published by the World Cancer Research Fund International state that in 2012, lung cancer accounted 13% of all the cancers globally. The data further mentions that lung cancer also accounted for thehighest number of all the new cancer cases (17%) identified in men in 2012. Smoking has been identified as one of the major causes of the cancer; while other causes include prolonged exposure to asbestos, and other genetic factors.
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Medical advances have introduced effective methods for treatment of lung cancer. Currently, surgery, chemotherapy and radiation therapy are major treatment options adopted. Alimta (Pemetrexed Disodium), Avastin (Bevacizumab), Cyramza (Ramucirumab) and Xalkori (Crizotinib) are some of the drugs approved for the treatment of lung cancer. Opdivo (nivolumab) by Bristol-Myers Squibb was approved in March 2015 for the treatment of metastatic squamous non-small cell lung cancer. Earlier in 2014, Zykadia (ceritinib) by Novartis was approved for the treatment of ALK+ metastatic non-small cell lung cancer, and Gilotrif (afatinib) byBoehringerIngelheim was approved for treating metastatic non-small cell lung cancer with EGFR mutations in July 2013.
The global lung cancer therapeutics market would be driven by increasing adoption of personalized treatments. Although new drugs have revitalized the lung cancer therapeutics market, patent expiry of existing drugs has posed a major threat to original drug manufacturers. However, this has also created new opportunities for generic drug manufacturers to launch low cost generic drugs. This would also ensure deeper market penetration and would expand market reach in low- and middle-income countries. Increasing drug development costs has pressurized drug manufacturers to cut down investments in research and development. However, to stay ahead in the competition, pharmaceutical companies are engaging acquisition of companies which rich drug pipeline. Increased competition in the market has pressurized players to seek new methods for market leadership.Recently,Glenmark announced price reduction of its oncology drug Erleva (erlotinib), Geftib (gefitinib) and Pexotra (pemetrexed) by over 50% in India.
Research conducted by the World Cancer Research Fund International states that 58% of lung cancer cases stem fromlow-income countries. Hungary, Serbia, Denmark, and Poland are some of the countries with higher prevalence of lung cancer. In China alone, over 653,000 cases were recorded in 2012. Due to these factors, demand for low cost generic drugs is higher in these nations. High diagnosis and treatment rate in developed countries in North America and Europe coupled with financial capability to afford expensive cancer treatments make these regions most attractive for market entry. Further high drug price in the U.S. assure faster market growth for new drugs. The United States, France, Germany, Italy, Spain, the United Kingdom and Japan are major countries leading the global small cell lung cancer market.
Some of the key players in the market include F. Hoffmann-La Roche Ltd, AstraZeneca plc, Eli Lilly and Company, Sanofi-Aventis, Pfizer, Inc., GlaxoSmithKline Pharmaceuticals Limited, ArQule, Inc., Daiichi Sankyo Co. Ltd., Agennix AG, and BoehringerIngelheim GmbH.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report:-
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Browse Full Report With TOC:-http://www.transparencymarketresearch.com/lung-cancer-therapeutics-markets.html
Medical advances have introduced effective methods for treatment of lung cancer. Currently, surgery, chemotherapy and radiation therapy are major treatment options adopted. Alimta (Pemetrexed Disodium), Avastin (Bevacizumab), Cyramza (Ramucirumab) and Xalkori (Crizotinib) are some of the drugs approved for the treatment of lung cancer. Opdivo (nivolumab) by Bristol-Myers Squibb was approved in March 2015 for the treatment of metastatic squamous non-small cell lung cancer. Earlier in 2014, Zykadia (ceritinib) by Novartis was approved for the treatment of ALK+ metastatic non-small cell lung cancer, and Gilotrif (afatinib) byBoehringerIngelheim was approved for treating metastatic non-small cell lung cancer with EGFR mutations in July 2013.
The global lung cancer therapeutics market would be driven by increasing adoption of personalized treatments. Although new drugs have revitalized the lung cancer therapeutics market, patent expiry of existing drugs has posed a major threat to original drug manufacturers. However, this has also created new opportunities for generic drug manufacturers to launch low cost generic drugs. This would also ensure deeper market penetration and would expand market reach in low- and middle-income countries. Increasing drug development costs has pressurized drug manufacturers to cut down investments in research and development. However, to stay ahead in the competition, pharmaceutical companies are engaging acquisition of companies which rich drug pipeline. Increased competition in the market has pressurized players to seek new methods for market leadership.Recently,Glenmark announced price reduction of its oncology drug Erleva (erlotinib), Geftib (gefitinib) and Pexotra (pemetrexed) by over 50% in India.
Research conducted by the World Cancer Research Fund International states that 58% of lung cancer cases stem fromlow-income countries. Hungary, Serbia, Denmark, and Poland are some of the countries with higher prevalence of lung cancer. In China alone, over 653,000 cases were recorded in 2012. Due to these factors, demand for low cost generic drugs is higher in these nations. High diagnosis and treatment rate in developed countries in North America and Europe coupled with financial capability to afford expensive cancer treatments make these regions most attractive for market entry. Further high drug price in the U.S. assure faster market growth for new drugs. The United States, France, Germany, Italy, Spain, the United Kingdom and Japan are major countries leading the global small cell lung cancer market.
Some of the key players in the market include F. Hoffmann-La Roche Ltd, AstraZeneca plc, Eli Lilly and Company, Sanofi-Aventis, Pfizer, Inc., GlaxoSmithKline Pharmaceuticals Limited, ArQule, Inc., Daiichi Sankyo Co. Ltd., Agennix AG, and BoehringerIngelheim GmbH.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report:-
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
Get Sample Report:-http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5153
About Us:-
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact Us:-
Mr.Nachiket
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com